Posts in

Archives


What is a credit event? A credit event is a sudden, tangible (negative) change in a borrower’s ability to meet their payment obligations, which triggers a settlement under a credit default swap (CDS). A CDS is a credit derivative investment product with a contract between two parties. In a credit default swap, the buyer makes …

Posted on March 17, 2017 Looking back, Dr. DeLisle Worrell might have known what was going to happen and wanted to have his take on the matter. The last paragraphs of the bank’s short, blunt review of the performance of Barbados’ economy in 2016 ended with a recitation of a few principles from seemingly bland …