A credit default swap (CDS) is a contract that allows one ... underlying debt securities in order to buy or sell the CDS The price of the premiums paid to the seller is referred to as the spread ...

What was the utility of the credit default swap in that case ... you tell me what you think the price is, and I can give you a model that, when you hit F9, that's the price that pops up.

Fruhan, William E. "Saginaw Parts Co. and the General Motors Corp. Credit Default Swap (TN)." Harvard Business School Teaching Note 210-057, February 2010.

Spreads on U.S. six-month credit default swaps (CDS) - market-based gauges of the risk of a default - widened to 70 basis points on Friday from 65 bps on Thursday, according to S&P Global Market ...

Use pull-backs to rebalance, not chase," she said. In terms of sovereign debt, five-year U.S. sovereign credit default swap spreads contracted by just 1 basis point on the day to 52 bps ...