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A credit default swap index is a credit derivative used to hedge credit risk or to take a position on a basket of credit entities. Unlike a credit default swap, which is an over the counter credit derivative, a credit default swap index is a completely standardized credit security and may therefore be more liquid and trade at a smaller bid–offer spread.
A Brazilian Swap is a type of swap where the floating rate is calculated using an average rate and has only one payment, which occurs at maturity. [1]The average rate used for the Floating Leg is the Average One-Day Interbank Deposit (aka CDI rate, or overnight DI rate) which is an annual rate and is calculated daily by the Central of Custody and Financial Settlement of Securities (CETIP).
A course deviation indicator (CDI) [1] is an avionics instrument used in aircraft navigation to determine an aircraft's lateral position in relation to a course to or from a radio navigation beacon. If the location of the aircraft is to the left of this course, the needle deflects to the right, and vice versa.
At the end of 2010, CDB held US$687.8 billion in loans, more than twice the amount of the World Bank. [3] After Chen left the governorship of CDB in 2013, the bank's institutional power decreased. [7]: 157 The next CDB governor, Hu Huaibang, removed CDB personnel to staff the bank with personnel loyal to himself.