so if there is a default, the issuer of the credit default swap pays you, and so you gain just as the short seller gains when the price of the stock or bond that he’s shorted falls.
ji ames chanos, a legendary short seller of stocks, hbasically predicted for months that china is headed for economic disbasicallyter.
詹姆斯柴诺斯,一个具有传奇颜色的股票卖空者,几个月前就预测中国在迈向经济灾难。
sometimes they can disrupt the smooth flow of markets. the main risk is that when the time comes for the short seller to deliver shares, he cannot come up with the goods.
他们往往会打乱正常的市场流通,而主要的风险的在于,当卖空者需要结算股票的时候,他们却无货可出。
short selling rules were stepped up, and more procedures were put in place to ensure that a short seller would be able to deliver stock on settlement date.