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A credit default swap (CDS) is a financial derivative contract between two parties. The buyer of the CDS makes a series of payments to the seller, and in exchange, the seller agrees to pay the buyer in the event of a loan default. Credit default swaps are typically used to protect against the risk of a borrower defaulting on their loan. By buying a CDS, the buyer is essentially taking out an insurance policy on the borrower's loan. There are many different types of CDS contracts, and they can be used to hedge against a variety of risks. This news and analysis section covers the latest news, trends and developments in the credit default swap market.
Central Depository Services (India) Ltd.'s share price advanced nearly 7% in early trade on Monday, after the company reported solid earnings in the second quarter of the current fiscal. Consolidated revenue soared 55% to Rs 322 crore in the July-September quarter, compared to Rs 207 crore in the same period last year. The results were announced on Saturday.