{"id":165760,"date":"2022-05-06T15:48:05","date_gmt":"2022-05-06T15:48:05","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/n-out-of-m-default-basket-swap\/"},"modified":"2022-05-06T15:48:11","modified_gmt":"2022-05-06T15:48:11","slug":"n-out-of-m-default-basket-swap","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/n-out-of-m-default-basket-swap\/","title":{"rendered":"N-out-of-M Default Basket Swap"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>A basket default swap on which a credit event occurs when nth default occurs in the m-entity reference basket. At that point the buyer stops paying the premium and receives the difference of the principal amount and the recovered value for each of the first defaults.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4256],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165760"}],"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=165760"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}