As a result, the market for credit default swaps (CDS) ­– where protection against corporate defaults is bought and sold – may also experience massive losses. In that case, there will also be a serious risk that some firms that sold protection will go bankrupt, triggering further losses for buyers of protection when their counterparties cannot pay.
其结果是，信用违约互换（CDS）市场对企业违约的保险进行买卖的市场可能也会遭受巨额损失。如果出现这样的情况，某些出售这类保险的公司极有可能会破产，从而使购买这些保险的机构面临进一步的损失，因为对方没有能力付款了。