RT Journal Article SR Electronic T1 Credit Default Swaps JF The Journal of Fixed Income FD Institutional Investor Journals SP 17 OP 28 DO 10.3905/jfi.2005.491109 VO 14 IS 4 A1 Lei Meng A1 Owain AP Gwilym YR 2005 UL https://pm-research.com/content/14/4/17.abstract AB Structural and reduced-form models are the primary vehicles for pricing credit default swaps (CDS). This evaluation of the emerging empirical literature on CDS analyzes the evidence on the impact of recovery forms on pricing models, the relationship between CDS premiums and credit spreads on the same reference entity, the determinants of CDS premiums, and interaction between the CDS market and other markets.