Last Updated on January 24,2014

This video retraces the life cycle of an insurance contract against the default of a counterparty better known under the name of Credit Default Swap (CDS).
From a little historical reminder,we arrive at the auction process occurring when a company on which these contracts exist defaults.
This video is largely inspired by the article of the same name produced by the American multinational investment bank and financial services company Morgan Stanley. It is the result of an ESILV engineering school's advanced fixed income with Bloomberg course project.