Page last updated at 08:56 GMT, Monday, 29 September 2008 09:56 UK

So what are credit default swaps?

The BBC's Nigel Cassidy explains what credit default swaps, or collaterised debt obligations (CDOs), are.

He speaks to Byron Wien of Pequot Capital Management and Jon Moulton, Founder, Alchemy Private Equity.

SEE ALSO

Story Tools

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific