Credit Derivatives (Innbundet)

A Guide for Investors

Serie: Wiley Finance Series 


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Forfatter: , , , , og
Innbinding: Innbundet
Utgivelsesår: 2005
Antall sider: 294
Forlag: John Wiley and Sons Ltd
Språk: Engelsk
Oversatt av: Smart, Gabrielle
Serie: Wiley Finance Series
ISBN/EAN: 9780470018798
Omtale: Credit Derivatives
Over the past decade, credit derivatives have emerged as the key financial innovation in global capital markets. At end 2004, the market size hit $6.4 billion (in notional amounts) from virtually nothing in 1995. This rise has been spurred by the imperative for banks to better manage their risks, not least credit risks, and the appetite shown by institutional investors and hedge funds for innovative, high yielding structured investment products. As a result, growth in collateralized debt obligations and other second-generation products, such as credit indices, is currently phenomenal. It is enabled by the standardization and increased liquidity in credit default swaps - the building block of the credit derivatives market. Written by market practitioners and specialists, this book covers the fundamentals of the credit derivatives and structured credit market, including in-depth product descriptions, analysis of real transactions, market overview, pricing models, and banks business models.
It is recommended reading for students in business schools and financial courses, academics, and professionals working in investment and asset management, banking, corporate treasury and the capital markets. Highlights include: written by market practitioners and specialists with first-hand experience in the credit derivatives and structured credit market; a clearly-written, pedagogical book with numerous illustrations; detailed review of real-case transactions; and a comprehensive historical perspective on market developments, including up-to-date analysis of the latest trends.

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