Credit Default Swaps (CDSs) have a bad name. They created the bubble of speculation that led to the financial crisis. Banks used Credit Default Swaps to spread the risk on loans. However, in a modernized form Credit Default Swaps may provide animal welfare solutions.
When you are in the animal welfare business, like in any other type of business, it may be necessary to invest. However, when it is not clear that you will be able to pay, it may be difficult to get a loan. In this case it may be an option to exchange, i.e. ‘Swap’ products or services. You do something for me, I do something for you. When under such an agreement either party fails to deliver what has been agreed, i.e. in case of ‘Default’, the agreed exchange in natura may be transformed into a monetary dept, i.e. into ‘Credit’. Hence, in order to run an animal welfare business I propose contemplating the use of ‘Credit Default Swaps’: to exchange products and services so you can do your business and I can do mine, without actual payment, unless either party fails to deliver. Such Credit Default Swaps can help to get work done. You scratch my back, I scratch yours, tit for tat.

Further information:
Credit default swap on Wikipedia
Citations:
“A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default or other credit event. The buyer of the CDS makes a series of payments (the CDS “fee” or “spread”) to the seller and, in exchange, receives a payoff if the loan defaults. ”
“CDSs are not traded on an exchange and there is no required reporting of transactions to a government agency.”
“The buyer makes periodic payments to the seller, and in return receives a payoff if an underlying financial instrument defaults or experiences a similar credit event.”
Tit for tat on Wikipedia

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