Are there are lot of credit-default swaps referenced to securities backed by credit-card receivables?
Are those credit-card debt products tranched and insured and re-insured with credit-default swaps like the mortgage-backed securites are? I focused on insurance in the form credit default swaps above. But card ABS are also insured (or “wrapped” in the jargon) the traditional way by financial guarantors like MBIA and FGIC.
Related Questions
- Will delivery of dematerialised securities against obligation in physical segment be allowed by all stock exchanges?
- Are there are lot of credit-default swaps referenced to securities backed by credit-card receivables?
- Will securities/ fund obligation statements within demat segments at NSE be netted off?
