credit-derivatives

I'm not sure if this is the place to ask this question related to the slide Chapter 25 Credit Derivatives page 11 example. * May I know where is the accural payment numbers come from? * Shouldn't the CDS premium stops after the first default happens? In this case, it should only pay premium...

Hi all, I have some doubt regarding this part in Gregory, chapter 4: "Hedging: Hedging counterparty risk with instruments such as credit default swaps (CDSs) aims to protect against potential default events and adverse credit spread movements. o Hedging creates operational risk and additional...