SMSN 960.0 -2.439% TYT 2522.0 -0.8258% SMSD 822.0 0.489% SMSN 987.5 0.3557% RIGD 57.4 -0.1739% RIGD 57.5 1.0545% SHEL 2434.5 2.6565% AZN 10254.0 -0.2529% BHP 1746.5 -0.4843% HSBA 787.7 0.5361% ULVR 4749.0 1.3228% CYPC 40.8 0.0% RIO 4353.0 0.0115% LLPC 1.5015 -99.0% DGED 108.8 1.0871% BP 354.25 2.1629% SBID 89.8 0.4474% DGE 2078.0 2.0629% GSK 1345.5 -0.0371% REL 3915.0 0.4877%
SMSN 960.0 -2.439% TYT 2522.0 -0.8258% SMSD 822.0 0.489% SMSN 987.5 0.3557% RIGD 57.4 -0.1739% RIGD 57.5 1.0545% SHEL 2434.5 2.6565% AZN 10254.0 -0.2529% BHP 1746.5 -0.4843% HSBA 787.7 0.5361% ULVR 4749.0 1.3228% CYPC 40.8 0.0% RIO 4353.0 0.0115% LLPC 1.5015 -99.0% DGED 108.8 1.0871% BP 354.25 2.1629% SBID 89.8 0.4474% DGE 2078.0 2.0629% GSK 1345.5 -0.0371% REL 3915.0 0.4877%

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.

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