AAPL 213.49 1.8171% MSFT 388.56 2.5847% NVDA 121.67 5.2691% GOOGL 165.49 1.6773% GOOG 167.62 1.7544% AMZN 197.95 2.094% META 607.6 2.963% AVGO 195.54 2.1844% LLY 813.48 1.4757% TSLA 249.98 3.8641% TSM 174.09 1.457% V 331.8 0.9892% JPM 232.44 3.2195% UNH 488.65 1.4807% NVO 77.15 1.6603% WMT 85.35 1.0059% LVMUY 132.18 1.865% XOM 111.9 2.9723% LVMHF 662.0 1.0687% MA 527.64 1.5024%
AAPL 213.49 1.8171% MSFT 388.56 2.5847% NVDA 121.67 5.2691% GOOGL 165.49 1.6773% GOOG 167.62 1.7544% AMZN 197.95 2.094% META 607.6 2.963% AVGO 195.54 2.1844% LLY 813.48 1.4757% TSLA 249.98 3.8641% TSM 174.09 1.457% V 331.8 0.9892% JPM 232.44 3.2195% UNH 488.65 1.4807% NVO 77.15 1.6603% WMT 85.35 1.0059% LVMUY 132.18 1.865% XOM 111.9 2.9723% LVMHF 662.0 1.0687% MA 527.64 1.5024%

Loan Credit Default Swap (LCDS)

Updated on August 29, 2023

A loan credit default swap or LCDS is a kind of credit derivative in which an underlying loan’s credit exposure is swapped among two groups.


The structure of LCDS is analogous to regular credit default exchange, with the exception of the underlying reference obligation restricted strictly to syndicated secured loans, instead of any kind of corporate debt.