Credit derivative products have a payout that is contingent upon a credit event occurring. The ISDA provides definitions of credit events. The 1999 ISDA Credit Derivatives Definitions (referred to as the "1999 Definitions") provides a list of eight credit events.
(a) Name four of these eight credit events.
(b) What do these events attempt to capture?

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The Answer of Credit derivative products have a payout that is contingent upon a credit event occurring. The ISDA provides definitions of credit events. The 1999 ISDA Credit Derivatives Definitions (referred to as the "1999 Definitions") provides a list of eight credit events.
(a) Name four of these eight credit events.
(b) What do these events attempt to capture?

Credit Derivative Products Have a Payout That Is Contingent Upon