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Topic: Business
Number of pages / Number of words: 10 / 2682
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For General Electric Capital

Corporation 5 year CDS premium (with principal of $5,000,000), the spread was 31

basis points (Figure 2). The buyer pays the seller $31,000 a year and obtains the right

to sell the General Electric bonds with a face value of $5million if credit event occurs.

They are also entitled to the amount of the accrued interest on the bond since the last

coupon date...


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For General Electric Capital

Corporation 5 year CDS premium (with principal of $5,000,000), the spread was 31

basis points (Figure 2). The buyer pays the seller $31,000 a year and obtains the right

to sell the General Electric bonds with a face value of $5million if credit event occurs.

They are also entitled to the amount of the accrued interest on the bond since the last

coupon date...


Essay fragment

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