Loan credit default swap index
= Loan credit default swap index
{wiki=Loan_credit_default_swap_index}
A Loan Credit Default Swap Index (LCDX) is a financial instrument that represents a basket of credit default swaps (CDS) associated with a pool of corporate loans, typically those that are leveraged and below investment grade in quality. The index provides a way for investors to gain exposure to the credit risk of a diversified set of leveraged loans.