Markit CDX.EM

There are currently two main families of corporate CDS indices: You must not try to alter the Service or the Service content.

Available Courses

JBL shall not be responsible for any losses arising out of the unauthorized use of your User ID, Enrollment Key or any other breach of security. You agree not to attempt to, or assist another person to, circumvent, reverse-engineer, decompile, disassemble, or otherwise tamper with any of the security components related to the Service.

If you have reason to believe that someone is using your account without your permission, you should contact JBL immediately. You certify and represent that any exam, test, assessment, or other interactive tool offered through the Service will be completed and utilized only by you and you will not permit any other person to falsely answer exam, test, and assessment questions under your name.

You understand and agree that any false, misleading, or fraudulent activity committed by you in connection with your use of the Service may result in invalidation of your scores and records, immediate suspension or termination of your access to the Service, and disciplinary action by your school or institution consistent with their policies.

You understand and agree that JBL will report any suspected fraud or testing misconduct to your school or institution and will pursue any action reasonably necessary to protect student and school records and the integrity of the Service.

You agree to use the Service only as permitted under this Agreement. If you are located outside of the United States, you consent to the transfer of your personal information into the United States. You agree that you will not disclose any portion of the Service to any other person or entity, as the Service contains the confidential and proprietary material of JBL and doing so would result in serious financial harm to JBL, for which you may be held personally liable.

Any violation of these terms may subject you to civil and criminal penalties, prosecution, monetary damages, and the immediate termination of your ability to use the Service.

You understand and agree that the Service constitutes and is comprised of intellectual property and proprietary material that is owned by JBL or its licensors and is protected under intellectual property laws in the United States and other countries, which includes, but is not limited to, copyright. All rights not expressly granted to you under this Agreement are reserved by JBL and its licensors. Other trademarks, service marks, graphics, and logos used in connection with the Service may be the trademarks of their respective owners.

JBL and its licensors do not grant to you any right or license in connection with any of the foregoing trademarks, service marks, graphics, or logos and you are expressly prohibited from using the same without written permission from the applicable owner. The Service is licensed, and not sold, to you or to the school or institution with whom your use of the Service is affiliated, subject to the terms of this Agreement and timely payment of any fees due and payable to JBL.

You are prohibited from making any copies of any part of the Services. If you have independently paid JBL for the use of the Service, the aforementioned license is granted to you. Your license to use the Service is subject to your prior acceptance of this Agreement and you agree that these terms will apply to the Service, including any updates or enhancements. You are not authorized to assign or transfer this license or your User ID or Enrollment key to any other person or entity.

Other than the rights granted to you in this Agreement, JBL grants you no other rights. You agree not to copy, modify, rent, lease, loan, sublicense, sell, distribute, disassemble, decompile, reverse engineer, or create any derivative works of or based on the Service except as and only to the extent that the foregoing restrictions is not permitted under applicable law or to the extent permitted by the license terms of any open-source components included with the Service.

Any violation of these terms may subject you to civil and criminal penalties, prosecution, monetary damages, and the immediate termination of your access to the Service.

JBL is not responsible for providing you with Internet access or hardware or other software needed to access the Service. JBL is not responsible for any issues that may arise relating to your use or inability to use the Service due to your Internet, hardware or software arrangements. If you have difficulties in using the Service, you must contact your access provider and not JBL.

You may use the Service only for your individual educational needs. You may not provide access to the Service to third parties, resell the Service or make the Service available to others as part of a service bureau. You must not try to alter the Service or the Service content. This agreement is not a license to use or copy content accessible via the Service.

Your access provider may suspend or terminate your access to the Service at any time without notice to you. In circumstances where you obtain access to the Service through an education provider, JBL may suspend or terminate your access to the Service in accordance with JBLs agreement with your education provider or if you do not comply with the terms of this Agreement.

If JBL reasonably suspects that you have violated this Agreement, or if fees due and payable to JBL by you or your school or institution have not been paid then, without notice to you, JBL may terminate this Agreement, the license, and your account and deny you further access to the Service. Upon termination of your school's or institution's license, or your individual license of you have directly paid JBL, you shall cease all use of the Service and remain liable for paying all amounts that may due and payable by you to JBL under this Agreement, if any.

JBL reserves the right to modify, suspend, remove, or disable access to any the Service at any time without notice and in no event will JBL be liable for making any such changes.

By registering with JBL, you indicate your agreement with the following terms around use of certain data, as described below:. You understand and agree that, in the course of your use of the Service, you and your school or institution, if your use of the Service is affiliated with a school or institution will submit personal and identifiable data regarding you and your individual use of the Service, which may include, but not be limited to, your academic performance and student record, your individual grades and scores, instructor feedback and comment, your personal learning behaviors, and various metrics related to your learning of particular subject matters made available through the Service "Your Learning Data".

You understand and agree that JBL reserves the right to continued use of all General Service Data and School Metrics, as defined below, without specific, identifiable reference to you or Your Learning Data.

You also understand and agree that, through the Service and the use of other third party software, JBL may collect diagnostic, technical, and general Service usage information that is gathered, de-identified, and made anonymous, to i facilitate JBL's product support and software development, and improve the Service, ii verify compliance with license terms, iii monitor, record, and report information about the Service user activity and engagement with the Service sites and modules, iv collect information around device use, the Service site volume and load, and user results in connection with certain the Service features or material "General Service Data".

Upon the declaration of a credit event by the ISDA Determinations Committee, the index will be reversioned, and trading in the new index version will commence. The initial issuance is version 1 e. In the event of a "Failure to Pay", or a "Bankruptcy" credit event, the protection seller makes a payment to the protection buyer on the credit event settlement date.

The size of the payment is equal to that which would be paid if protection had been bought on a single name CDS with a notional scaled down by the constituent's weighting in the index. In the event of a "Restructuring" credit event, the index is still reversioned. Instead of simply being settled, however, a single name CDS is spun off which can then undergo the usual single name optional triggering process. Historically, CDS indices have always been traded as a bilateral contracts directly between parties.

This brings with it the additional risk of counterparty default - where one party to a trade fails to meet its obligations under the trade. In this model, both parties to the trade face the CCP, and all members of the CCP pay into a fund to cover costs in the event that one member defaults. Clearnet [12] in There are different families of iTraxx credit default swap index broken down by geographical region consisting of Europe, Asia and a Sterling denominated index.

From Wikipedia, the free encyclopedia. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.

Unsourced material may be challenged and removed. August Learn how and when to remove this template message. Derivatives Credit derivative Futures exchange Hybrid security. Foreign exchange Currency Exchange rate.

Retrieved March 30, Not with a bang - The Economist". Archived from the original on Retrieved 30 March Retrieved from " https: Archived copy as title Articles needing additional references from August All articles needing additional references. Views Read Edit View history. This page was last edited on 3 April , at