Mastering Credit Derivatives: A Step-by-step Guide to Credit Derivatives and Their Application (Market Editions)

Until recently, credit derivatives were more talked about than traded, yet the last few years have seen a rapid growth in the number of transactions. However, as the market has grown, the knowledge regarding derivative application has not, and this book will close that gap. Demystify and understand credit derivatives concepts, instruments and products with the ultimate guide;Mastering Credit Derivatives. Step by step, this book tackles credit derivatives applications via the mature capital markets route, and rather than relying on a theoretical approach, uses real market data and trades to demonstrate an application. This book will ensure you the ability, speed and confidence to manipulate and apply the skills and techniques relevant to your marketplace.

"...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.