Mastering Credit Derivatives: A Step-by-Step Guide to Credit Derivatives and Structured Credit - Softcover

Kasapis, Andrew

Softcover

ISBN 10: 0273714856 ISBN 13: 9780273714859

Publisher: Ft Pr, 2009

Synopsis

This second edition of Mastering Credit Derivatives has been completely revised to include new movements in the world of finance. The first part of the book is set aside as a condensed, updated version of the previous edition whereas the next two thirds are dedicated to recent innovations such as Structured Credit Derivatives and Greeks and Tranche Sensitivity.

 

The book is written on a purely ‘need to know’ basis, avoiding the archaic, theoretical and excessively mathematical concepts.

 

Input from market practitioners offers valuable insight into where they believe the market is headed in the future. Derivatives is a huge area, thought to be worth trillions of pounds. With new products being constantly introduced, it is important to keep up-to-date with its rapid growth.

 

About this title

From the Back Cover:

"...a truly insightful book on structured credit...this book will help the reader develop an intuitive understanding of how structured products behave in changing markets".

 Philip Best, Chief Risk Officer, Threadneedle Asset Management.

 

 

A step-by-step guide to credit derivatives and their application.

 

Mastering Credit Derivatives provides comprehensive coverage of this rapidly growing market. It will give you a clear understanding of what credit derivatives are, as well as explaining their benefits and risks.

 

In this fully revised and updated edition, Andrew Kasapis approaches the derivatives market from a practical basis, using examples of real market data and trades. He includes ideas and comments from market practitioners who offer valuable insights as to the likely direction the industry will take.  

 

The book includes chapters on:

 

• An assessment of the sub-prime crisis and how it has affected derivatives

• Available derivative products and how they are applied

• How best to value credit and how to price and risk-manage derivatives

• An explanation of traunched indices and first-to-default  baskets

• Recently introduced products such as collateral synthetic obligations (CSOs) and collaterised debt obligations (CDOs)

 

Mastering Credit Derivatives is an invaluable guide that will help you to understand credit derivatives and apply them to your market place.

 

About the Author:

Andrew Kasapis has sold credit derivatives products from the front office since 1998 (the very beginning of the inter bank market) and more recently has sold structured credit products for major institutional sales boutiques. He is a Market Risk Analyst for tier 1 banks through his consulting company Credit Hedge Ltd.

 

About this edition

• Publisher: Ft Pr
• Publication date: 2009
• ISBN 10: 0273714856
• ISBN 13: 9780273714859
• Binding: Paperback
• Edition number: 2
• Number of pages: 277