Credit event
A credit event occurs when a person or organization defaults on a significant transaction. He or she is unable to honor the terms of the contract entered, and the borrower’s ability to pay comes into question. Because the marketplace recognizes such events as related to one's credit worthiness, credit events can trigger specific protections provided by credit derivatives (e.g. credit default swap, credit default swap index, credit default swap index tranche).
primaryTopic
Credit event
A credit event occurs when a person or organization defaults on a significant transaction. He or she is unable to honor the terms of the contract entered, and the borrower’s ability to pay comes into question. Because the marketplace recognizes such events as related to one's credit worthiness, credit events can trigger specific protections provided by credit derivatives (e.g. credit default swap, credit default swap index, credit default swap index tranche).
has abstract
A credit event occurs when a p ...... em to do so when they default.
@en
Wikipage page ID
Wikipage revision ID
737,030,266
subject
comment
A credit event occurs when a p ...... t default swap index tranche).
@en
label
Credit event
@en