{"id":165363,"date":"2022-05-06T15:43:28","date_gmt":"2022-05-06T15:43:28","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/basket-credit-default-swap\/"},"modified":"2022-05-06T15:43:28","modified_gmt":"2022-05-06T15:43:28","slug":"basket-credit-default-swap","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/basket-credit-default-swap\/","title":{"rendered":"Basket Credit Default Swap"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>A basket default swap is similar to a single entity default swap except that the underlying is a basket of entities rather than one single entity. There are several types of basket default swaps. The popular ones are first-to-default, n-th-to-default, n-out-of-m-to-default and all-to-default swaps. With a single entity, a credit event is usually a default of the entity. With a first-to-default swap, a credit event occurs the first time any of the entities defaults. A similar definition holds for an n-th-to-default swap. An n-out-of-m-to-default swap protects the buyer against losses related to the first defaults of the m-entity basket. Similarly, an all-to-default swap protects against losses resulting from credit events of any of the entities in the basket.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4247],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165363"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/knowledge_item"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=165363"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}