词汇积累：FRM P1风险管理基础词汇（10）

28. Credit default swaps (CDSs) 信用违约互换: Credit default swaps (CDSs)are financial derivatives that pay off when the issuer of a reference instrument(e.g., a corporate bond or a securitized fixed income instrument) defaults.CDSs 是指当参考工具(如公司债券或证券化固定收益工具)的发行人违约时，就会获得回报的金融衍生品。

29.Collateralized debt obligation (CDO)抵押债务凭证: A collateralized debt obligation (CDO) is a structured product that banks can use to unburden themselves of credit risk.CDO 是一种结构化产品,银行可以用它来降低信用风险。

30.Mortgage-backed security (MBS) 住房抵押贷款支持债券: Typically, the loans included in a CDO are heavily biased toward mortgage debt through a securitized basket of mortgages called a mortgage-backed security(MBS).通常情况下，包括在 CDO 中的贷款主要包含抵押贷款，通过一篮子被称为抵押贷款支持证券(MBS)的抵押贷款证券化。