What is CD contingent?

A contingent credit default swap (CCDS) is a modified form of a CDS that requires two triggers, typically a credit event as well as a reading above or below a certain level on an index/benchmark. Contingent Credit Default Swaps are typically cheaper than a regular CDS since the odds of payout are lower.

What happens when CDS defaults?

Credit Default Swaps Explained In return, the seller agrees that—in the event that the debt issuer (borrower) defaults or experiences another credit event—the seller will pay the buyer the security’s value as well as all interest payments that would have been paid between that time and the security’s maturity date.

What does CDS value mean?

The notional value of a CDS refers to the face value of the underlying security. When looking at the premium that is paid by the buyer of the CDS to the seller, this amount is expressed as a proportion of the notional value of the contract in basis points.

How is CDS calculated?

The CDS is valued in much the same way as its cousin, the interest rate swap. In an interest rate swap, the exchange of fixed and variable interest cash flows is valued by estimating the amount of the future cash flows in advance. In the case of a CDS, two types of cash flow are also exchanged.

What does Eni stand for in finance category?

ENI stands for Entire Net Income (finance) Suggest new definition. This definition appears frequently and is found in the following Acronym Finder categories: Business, finance, etc.

Who are the issuers of Eni medium term notes?

Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which €14.9 billion were drawn as of December 31, 2019. The issuers of the EMTN Programme, entirely guaranteed by Eni SpA, are Eni SpA and Eni Finance International SA.

What are the sources of funding for Eni?

At present Eni believes it has adequate sources of funding available to meet all foreseeable borrowing requirements. The resources available to us include financial assets, credit lines and a variety of other types of financing, obtainable at competitive costs through the banking system and capital markets.

What are the long term liabilities of Eni?

Long-term financial liabilities at December 31, 2019, including current portions thereof, are indicated below with their relative maturities. Eni entered into long-term borrowing facilities with the European Investment Bank. These borrowing facilities are subject to the retention of a minimum level of credit rating.