{"id":165864,"date":"2022-05-06T15:49:05","date_gmt":"2022-05-06T15:49:05","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/recovery-lock\/"},"modified":"2022-05-06T15:49:05","modified_gmt":"2022-05-06T15:49:05","slug":"recovery-lock","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/recovery-lock\/","title":{"rendered":"Recovery Lock"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>A modification of the standard credit default swap (CDS) used for recovery rate trading. If there is a credit event the Lock seller delivers a Deliverable Obligation to the Lock buyer. The Lock buyer pays the seller a fixed recovery amount specified in the contract, or the Reference Price. This different from the vanilla CDS contract, where par is paid for the bond. See also digital credit default swap.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4260],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165864"}],"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=165864"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}