Daily fx is pretty good on credit default swaps. Its the first thing that comes up on every search site. So because of that fact it should make you satisfies!
I would recommend reading the article "The Price of Greed" in the Sept 29 issue of Time magazine. CDS's are derivatives, sold by AIG, designed to protect investors from failures of other companies....
I believe that what you are referring to is an exchange of collateral. This is used in cases where a vehicle is a total loss but the insured owes more that the value of the vehicle. Sometimes in this...
Credit default swaps were invented with collateralised debt obligations in 1995 by Ms. Blythe Masters, a 34-year Cambridge graduate who was then the head of JP Morgan's Global Credit Derivatives...
The main references are:
David X. Li "Pricing Basket Credit Derivatives"
Hull-White "Credit Default Swap II"
However, pricing a multiname credit derivative product basically boils down to...