They include banks and hedge funds that have acquired credit - default swaps ( CDSS ), the cornerstone of the market.

他们中包括购买了作为市场基石的信用违约互换 ( CDSs ) 的银行和对冲基金.

互联网

CDSs are not the only members of the derivatives hall of shame.

信贷违约互换并不是衍生品耻辱簿上唯一的名字.

互联网

CDSs are over - the - counter contracts negotiated by two parties.

CDS是 由双方谈判的场外交易合约.

互联网

But naked CDSs have played an important and direct role in destabilising the financial system.

但无实体CDS在破坏金融体系稳定方面发挥了重要而直接的作用.

互联网

So when managers wanted to sell a synthetic CDO, they simply created some more CDSs.

因此,欲出售新的合成CDO, 只需创造更多的CDS即可.

互联网