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CDS__Direction

Direction refers to List of the possible cash flow directions during the life of the swap from the point of view of the owner of the CDS financial product.
Available Direction types:
Buyer
The CDS holder pays the premium at regular time intervals during the life of the swap, but receives a certain compensation if a default occurs.
This means, the occurence of the default event incurs a positive impact to the CDS holder.
Seller
The CDS holder receives the premium at regular time intervals during the life of the swap, but is obliged to pay a certain amount if a default occurs.
This means, the occurence of the default event incurs a negative impact to the CDS holder.