Referenzschuldner

German Etymology de :af Referenz<t:reference> Schuldner<t:debtor> de Referenz Schuldner reference debtor Pronunciation de [ʁefəˈʁɛnt͡sˌʃʊldnɐ] de Re fe renz schuld ner Noun m,, de finance reference entity the legal entity whose credit risk is transferred in a credit derivative contract de Der Referenzschuldner muss im Falle eines Kreditereignisses zahlungsunfähig sein, damit der Swap ausgezahlt wird. The reference entity must be insolvent in the event of a credit event for the swap to be paid out. Declension m,, Coordinate terms de Ausfallereignis the specific occurrence that triggers a payment under a credit derivative de Basiswert the underlying financial instrument or debt on which a derivative is based de Emittent the entity that issues the underlying security or bond de Gläubiger the party to whom a debt is owed by the debtor de Kreditausfallswap a financial derivative used to hedge credit risk or speculate on default de Sicherungsgeber the party providing credit protection in a swap agreement; the seller de Sicherungsnehmer the party buying credit protection in a swap agreement; the buyer Related terms de Haftung the legal responsibility or liability for financial obligations de Referenzzins a benchmark interest rate used as a standard for financial contracts de Schuldenfalle a situation where debt levels make repayment or servicing impossible References Referenzschuldner Referenzschuldner