In your interest.
Online Personal Finance Magazine
No beating about the bush.
Would you buy a round-trip ticket on an airplane prone to crashes? How about a car with a history of serious brake problems? Interested in a TV that works great, except for the picture? If you answered yes to any of those, Citi has an investment opportunity for you. The bank is readying a new credit derivative, the CLX, which is basically a systemic risk insurance that will pay out in the event of a financial crisis. The basic premise is to allow investors to hedge against a spike in funding costs.