{"batchcomplete":"","continue":{"lecontinue":"20230118085757|50","continue":"-||"},"query":{"logevents":[{"logid":60,"ns":0,"title":"Settlement","pageid":29,"logpage":29,"revid":45,"params":{},"type":"create","action":"create","user":"DrKazza","timestamp":"2023-03-21T10:39:57Z","comment":"Created page with \"Originally [[CDS]] was designed to be vaguely similar to an [[Not an Insurance Contract|Insurance Contract]] so that when a [[Credit Event]] was determined the buyer of Protection would Physically Settle the contract, that would involve delivering some defaulted bonds or loans and in exchange they would receive the Notional Amount of the contract, so for example 10 million USD of bonds which may only be worth 3.5 million USD would be delivered and the seller of protectio...\""},{"logid":59,"ns":0,"title":"Recovery","pageid":28,"logpage":28,"revid":43,"params":{},"type":"create","action":"create","user":"DrKazza","timestamp":"2023-03-16T17:05:31Z","comment":"Created page with \"The Recovery of a Credit Event is used in two main situations, Pricing and Settlement.  == Recovery Assumption - Pricing == When pricing Credit Derivatives it is almost impossible to escape the Recovery Assumption when building a pricing model.  The discounting models will have a discount factor linked to the probability of survival, that is obviously one of the major unknowns in the market however given the price of a bond (or a credit derivative) one can work out the m...\""},{"logid":58,"ns":0,"title":"Moratorium","pageid":0,"logpage":19,"params":{},"type":"delete","action":"delete","user":"DrKazza","timestamp":"2023-03-16T16:36:03Z","comment":"merged with Credit Events Page"},{"logid":57,"ns":0,"title":"Failure to Pay","pageid":0,"logpage":18,"params":{},"type":"delete","action":"delete","user":"DrKazza","timestamp":"2023-03-16T16:35:57Z","comment":"merged with Credit Events Page"},{"logid":56,"ns":0,"title":"Obligation Default","pageid":0,"logpage":17,"params":{},"type":"delete","action":"delete","user":"DrKazza","timestamp":"2023-03-16T16:35:49Z","comment":"merged with Credit Events Page"},{"logid":55,"ns":0,"title":"Obligation Acceleration","pageid":0,"logpage":16,"params":{},"type":"delete","action":"delete","user":"DrKazza","timestamp":"2023-03-16T16:35:42Z","comment":"merged with Credit Events Page"},{"logid":54,"ns":0,"title":"Bankruptcy","pageid":0,"logpage":14,"params":{},"type":"delete","action":"delete","user":"DrKazza","timestamp":"2023-03-16T16:35:34Z","comment":"merged with Credit Events Page"},{"logid":53,"ns":0,"title":"CDEA","pageid":27,"logpage":27,"revid":36,"params":{},"type":"create","action":"create","user":"DrKazza","timestamp":"2023-01-18T10:05:50Z","comment":"Created page with \"A CDEA is a Cleared Derivatives Execution Agreement, it can be a level of fallback security when trading [[Cleared and Bilateral Trades|Cleared]] OTC Derivatives to make sure that the trade will still stand if clearing fails.  The principle is that a [[SEF and MTF|SEF/MTF]] provides a trading platform/venue and anyone who has access to that venue will be able to trade with any of the dealers providing prices whether or not any other legal documentation is in place, howev...\""},{"logid":52,"ns":0,"title":"Big Bang and Small Bang","pageid":26,"logpage":26,"revid":34,"params":{},"type":"create","action":"create","user":"DrKazza","timestamp":"2023-01-18T09:37:20Z","comment":"Created page with \"After the creation of Credit Derivatives from the 90s there were a number of standardisations introduced to try and help investors get comfortable with the product which, when not standardised introduced some very minor, but potentially unpleasant risks.  The Big Bang Protocol happened in April 2009 and covered a lot of different topics and then a Small Bang came into effect in October 2009 which had a lesser effect.  === Big Bang: Standard Coupon Rates === Unlike Cash B...\""},{"logid":51,"ns":0,"title":"Big Bang","pageid":0,"logpage":25,"params":{},"type":"delete","action":"delete","user":"DrKazza","timestamp":"2023-01-18T08:58:20Z","comment":"content was: \"{{DISPLAYTITLE:Big Bang and Little Bang}}  xxx\", and the only contributor was \"[[Special:Contributions/DrKazza|DrKazza]]\" ([[User talk:DrKazza|talk]])"}]}}