AAPL 200.275 3.6835% MSFT 366.73 2.1191% NVDA 98.7901 1.94% GOOGL 151.18 2.3769% GOOG 153.648 2.5277% AMZN 173.255 3.5471% META 499.7028 3.1038% AVGO 169.28 1.8471% LLY 825.56 0.9217% TSLA 238.2263 4.7149% TSM 151.7625 2.6393% V 331.98 3.7113% JPM 235.695 2.9281% UNH 424.8971 -0.1018% NVO 59.54 2.0744% WMT 94.87 2.662% LVMUY 111.52 2.5943% XOM 108.17 2.6768% LVMHF 558.93 2.6728% MA 527.65 3.5989%
AAPL 200.275 3.6835% MSFT 366.73 2.1191% NVDA 98.7901 1.94% GOOGL 151.18 2.3769% GOOG 153.648 2.5277% AMZN 173.255 3.5471% META 499.7028 3.1038% AVGO 169.28 1.8471% LLY 825.56 0.9217% TSLA 238.2263 4.7149% TSM 151.7625 2.6393% V 331.98 3.7113% JPM 235.695 2.9281% UNH 424.8971 -0.1018% NVO 59.54 2.0744% WMT 94.87 2.662% LVMUY 111.52 2.5943% XOM 108.17 2.6768% LVMHF 558.93 2.6728% MA 527.65 3.5989%

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.