CDS Indices definition
CDS Indices means any of the iTraxx Financials Sub sector index, iTraxx Main, iTraxx Crossover, iTraxx Hi Vol, iTraxx Financials Senior sector index, SovX Western Europe, CDX IG or CDX HY (additional information in respect of which is available at www.markit.com).
CDS Indices means financial derivative instruments through which the Fund will contract with a derivative counterparty to either buy or sell credit default protection on a financial index where that financial index comprises a basket of single name credit default swaps. In a CDS Index one party, the credit protection buyer, pays a periodic fee to another party, the credit protection seller, in return for compensation for any losses due to one or more credit events occurring with respect to one or more reference entities referenced in the financial index;