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Business Miscellaneous in Business . 3 months ago
A Credit Derivatives Product Company, or CDPC, is a business focused on trading in credit default swaps contracts. CDPC typically sells insurance against someone failing to pay back a loan ('defaulting'). A CDPC is usually highly leveraged, meaning that if even a portion of its held credit default portfolio were to be 'triggered' at once, the CDPC would not have the capital to fully pay out the resulting insurance claims.
The CDPC business model is dependent on a triple-A rating from a credit rating agency and must trade within closely defined limitations to be allowed to maintain their credit rating.
Posted on 10 Oct 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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