Catastrophe bonds: related pages

Contract for difference (CFD)
An abbreviation of contract for difference. An agreement to pay an amount based on the change in some underlying number, not necessarily a security.
Solvency margin
The minimum allowed excess of an insurance company’s capital over its liabilities.
Reinsurance
Insurance for insurers. They pass on to reinsurers risks that they cannot absorb themselves.
Synthetic security
A packaged combination of securities that mimics the properties of another security.
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