Credit default swaps, he points out, simply allow lenders to offload the risk of adefaultonaloan to someone else who, for a price, is willing to take on this risk.
Besides market risks, Goldman also assesses credit risks, based on whether a counterparty might defaultonaloan or fail to honour a derivative contract, and liquidity risk.
除了市场风险，高盛也评估业务相对方拖欠贷款或衍生合同违约所带来的信用风险，以及流动性风险。
3
A provisions in a bond indenture or loan agreement that puts the borrower in default if the borrower defaults on another obligation.