/

ERM Glossary: Negative basis bond

[this page | pdf | references | back links | custom searches]

A negative basis bond is an ABS held with a separately purchased matching credit default swaps to protect against the risk of default of the security. An ABS without the benefit of CDS protection is sometimes called an ‘Uncovered ABS’.

 


NAVIGATION LINKS
Contents | Prev | Next


Desktop view | Switch to Mobile