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・ Credit card kiting
・ Credit card roulette
・ Credit channel
・ Credit circle
・ Credit control
・ Credit control in India
・ Credit Corp Group
・ Credit counseling
・ Credit crisis of 1772
・ Credit crunch
・ Credit cycle
・ Credit default option
・ Credit default swap
・ Credit default swap index
・ Credit derivative
Credit Derivatives Product Company
・ Credit enhancement
・ Credit Environment India
・ Credit Europe Bank
・ Credit event
・ Credit Foncier
・ Credit Foncier de Monaco
・ Credit Foncier of America
・ Credit fracking
・ Credit freeze
・ Credit history
・ Credit in Heaven
・ Credit Information System Act
・ Credit Institute of Canada
・ Credit Institutions (Financial Support) Act 2008


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Credit Derivatives Product Company : ウィキペディア英語版
Credit Derivatives Product Company

A Credit Derivatives Product Company, or CDPC, is a business focused on trading in credit default swaps contracts. That is, a CDPC typically sells insurance against someone failing to pay back a loan ('defaulting'). A CDPC is usually highly leveraged, meaning that if even a portion of its held credit default portfolio were to be 'triggered' at once, the CDPC would not have the capital to fully pay out the resulting insurance claims. The CDPC business model is dependent on a triple-A rating from a credit rating agency〔. For basic 'insurance' analogy and 'leverage' explanation, please see Wikipedia articles on credit default swap and leverage.
〕 and must trade within closely defined limitations to be allowed to maintain their credit rating.〔

== History ==

The first CDPC was Primus Financial Products, launched in 2002.〔 In October 2008 Fitch Ratings withdrew its ratings on all five CDPCs that it had previously rated, citing in part "the uncertain business prospects for CDPCs".〔
(Fitch Withdraws CDPC Ratings ) Business Wire 2008-10-17, accessed 2010-05-03


抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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