English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

This article presents a new model for valuing a credit default swap (CDS)contract that is affected by multiple credit risks of the buyer, seller andreference entity. We show that default dependency has a significant impact onasset pricing. In fact, correlated default risk is one of the most pervasivethreats in financial markets. We also show that a fully collateralized CDS isnot equivalent to a risk-free one. In other words, full collateralizationcannot eliminate counterparty risk completely in the CDS market.

Pricing Credit Default Swap Subject to Counterparty Risk and Collateralization