Bank Street Road,Burjuman,Dubai,UAE
Mon-Sat 9am-6pm
24 X 7 online support
A credit derivative transaction based on a bespoke basket of Reference Entities, which terminates and settles completely (as per a market standard credit default swap) only when the defined Reference Entity (first, second or ��nth�� name) suffers a Credit Event. Pricing depends on the correlation between the names in the basket and the number of defaults that have to occur before settlement.