A credit default swap (CDS) is a contract that protects lenders from borrower default. Learn how a CDS works, why they’re ...

The currency swap is a financial instrument which is especially used in an interconnected global financial ecosystem to avoid the extreme currency volatility and liquidity crunches in the market.

Interest rate swaps are used by institutions and businesses to manage cash flows and interest rate exposure. Swaps involve the exchange of cash flows between two parties, with an intermediary handling ...

The media is failing again. In the case of AIG the pertinent factors can easily be explained yet I keep reading about how complicated it is and nobody saw it coming. The only reason AIG is in trouble ...