Cdm (cash deposit machine) /CRS (cash recovery system) can handle the business of inquiring balance and deposit. At present, CDM in many banks has ATM function, which can not only withdraw money or deposit money, but also transfer money and pay phone bills. In short, CDM has more functions than ATM.

CDS is a contract. The full name of credit default swap is credit default swap contract. CDS contract is a very common financial derivative in the United States. It was initiated by JPMorgan Chase (merged with Chase Bank and Fleming Group in 2000 to form today's JPMorgan Chase) at 1995. In 2007, the market value reached 45 trillion US dollars, and when AIG was dying, it was reported that it reached 62 trillion US dollars.

Actual process

E: e: underlying bonds of CDs or corresponding packaged loans.

F: buyers of CDs (financial institutions, only commercial banks approved by CBRC in China).

G:CDS counterparty, CDS seller (financial institution, only commercial bank approved by Chinese mainland Banking Regulatory Commission).

In the process of CDO transaction, the underlying bond of CDS is E, and the insured amount of the underlying bond and the insured amount of the buyer F of CDS are agreed in CDS, which are paid to the seller G of CDS (that is, the CDO buyer) every year. If the underlying bond E corresponding to CDS does not default, the fee from F to G becomes G's profit. If E defaults, the amount of the default part will be paid by G to F. ..

Reference to the above content: Baidu Encyclopedia -cds