Credit default swaps (CDSs) provide protection for investors in the event that the borrower defaults on their debt or loan.

The exchange ratio – or how much equity is granted per unit of debt – is determined based on the company's financial standing, stock valuation and creditor willingness.

Exchange funds, or swap funds ... a well-crafted strategy can provide not only confidence but also the financial flexibility to continue building wealth for years to come. Securities and Advisory ...