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A Constant Maturity Credit Default Swap (CMCDS) is a type of credit derivative that allows investors to manage exposure to credit risk while maintaining a constant average maturity in the swap's underlying reference obligation. Similar to standard credit default swaps (CDS), a CMCDS provides protection against credit events (like default or bankruptcy) of a specified reference entity, but it has unique characteristics relating to its maturity.

Ancestors (6)

  1. Credit risk
  2. Actuarial science
  3. Applied mathematics
  4. Fields of mathematics
  5. Mathematics
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