Tail event: Difference between revisions

Created page with "{{freeessay|isda|tail events|}}In the context of trading derivatives, things that (a) you didn't reasonably expect and that (b) bugger up your contract. =====Credit defaults===== A swap being a private, bilateral affair, the most obvious category of tail events is “things which mean your counterparty cannot, or will not, or has not, performed its end of the deal”. Straight out refusal to — repudiation — is rare, at least without the cloak of some kind of dispu..."