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CREDIT DERIVATIVES

Statistics Directorate    
French Equivalent: Dérivés de crédit

Definition:
Credit derivatives are financial derivatives whose primary purpose is to trade credit risk; they are designed for trading in loan and security default risk and can take the form of both forward-type and option-type contracts and, like other financial derivatives, they are frequently drawn up under standard master legal agreements, and involve collateral and margining procedures.

Source Publication:
System of National Accounts (SNA), 2008. 11.123.

Cross References:
Credit

Hyperlink:
http://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Thursday, April 18, 2013