Spanish translation: pagos derivados de la cobertura de riesgo crediticio
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
Credit Protection Payments
pagos derivados de la cobertura de riesgo crediticio
Credit protection payments are made upon occurrence of a “Credit Event”
–2003 ISDA Credit Derivatives Definition of “Credit Events”:
•Bankruptcy of the underlying issuer
•Failure to Pay•Restructuring•Obligation Acceleration•Obligation Default•Repudiation/Moratorium
These events were developed primarily for corporate and emerging market debt, but not very relevant for MBS/ABS
Estos pagos solo se hacen cuando ocurre un evento; en si es como cuando te paga tu aseguradora de tu automóvil cuanto este sufre un accidente...