Summary |
Credit derivatives have grown to become one of the largest and most important segments of the financial markets, with deal volumes now in trillions of dollars. They have become an important tool for banks, financial institutions and corporate who desire greater flexibility in managing their credit risk and economic capital. This book is an accessible introduction to the various types of credit derivative instruments traded in the markets today. Products are described with the help of worked examples and Bloomberg screens.
Topics covered includes:
• Credit risk
• Unfunded credit derivatives
• Funded credit derivatives
• Credit default swap pricing
• The asset-swap credit default swap basis
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