Creditors that own swaps lower their risk of a debtor not paying back a loan, because a third-party insurer 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
In the third scenario, the creditor pretends that the debtor hasn't gone bankrupt, stretches the repayment, and foregoes interest.