CDS & Indemnity Insurance
From a legal point of view the private insurance contract in particular in indemnity insurances, and the contract of Credit Default Swaps (CDS) have a common essential characteristic: “the transfer of risk” from one person to another in return of a consideration.
(Speech delivered by Prof. Dr. I. Rokas at the XIIIth AIDA World Congress, Paris 17-20 May 2010; AIDA Europe Colloquium, 20 May 2010)
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