Research On The Legal Application Of Credit Default Swap Contracts

The scale of financial derivatives trading has shown a wide range of explosive growth,which was used in the early 80 s of the last century to solve various crises in the financial field.As one of the financial derivatives,credit default swap is a new risk prevention tool tailored to the bond market.It has become a new way to prevent financial risks.Before September 26,2016,the main application of credit default swap contracts is also concentrated in European and American countries.Its development has been ups and downs,but it can not be denied that it plays an important role in financial derivatives.Now,China's own credit default swap contract has finally landed.How to better apply and solve the disputes arising from the application of credit default swap contracts has become the most important problem that we should solve today.This article from the concept and essence of credit default swaps starting from the perspective of law,analysis of credit default swaps contract type,based on the analysis of the special connotation of credit default swaps and the effect of application of law,obstacles and suggestions,finally proposed in the legislation is blank,the particularity of credit default swaps for the specific legal rules and legal application.Through in-depth study of the credit default swaps,the reference in the development of credit default swaps legal experience,combined with China's current situation and legislation,promote the application of our own national conditions to improve the credit default swap contract law.