DescriptionCds paymentstream protection loss event.svg
English: Credit Default Swap (CDS) payment streams between a "Protection seller" and a "Protection buyer". Buyer purchased a CDS at time t0 and makes regular premium payments at times t1, t2, t3, and t4. If the associated credit instrument suffered a credit event at t5, depicted as a red explosion, then the seller was obliged to pay the buyer, and the buyer would cease paying premiums. Otherwise, if no credit event occured, then the buyer would continue paying premiums at t5, t6 and so on until the end of the contract at time tn (see Image:Cds_paymentstream_protection_noloss.svg).
GFDL-SELF; original released under a GFDL (by the author, User:Gandi79); changes by 84user are in the public domain.
Other versions
Payments when no credit event occurs and buyer continues paying premiumsSame diagram for loss but using the word InsuranceSame diagram for no loss but using the word Insurance
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{{Information |Description={{en|Credit Default Swap (CDS) payment streams between a "Protection seller" and a "Protection buyer". Buyer purchased a CDS at time t0 and makes regular premium payments at times t1, t2, t3, and t4. If the associated credit ins
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