Creditors that own swaps lower their risk of a debtor not paying back a loan, because a third-partyinsurer is on the hook for some of the unpaid debt.
持有掉期交易的债权人可以降低其债务人不偿还贷款的风险，因为第三方保险的对这些未偿债务有关联责任。
2
Under wantage insurance, when the loss is caused by a thirdparty, the insurer gains the indemnity-recovering right of subrogation therefrom, provided that the insurer executed its duty of indemnity.
The direct claim right of thirdparty in liability insurance means that the thirdparty may claim the insurance compensation form the insurer directly according to the law or the insurance contract.