| Abstrakt: |
The study presents the structuring of the financial derivative Credit Default Swap (CDS), as a hedging instrument on corporate bonds issued by Ecopetrol. As a mechanization basis of the valuation model, information from the 5-year reference bond was used, which shows the procedure for estimating the CDS premium, presenting the empirical application of coverage with the CDS as an alternative in the default risk management in corporate bonds in the Colombian market. Key words: credit risk, default risk, default risk, credit derivatives, credit exchange swaps, CDS valuation, default risk coverage [ABSTRACT FROM AUTHOR] |
