In a relatively short time credit derivatives have grown to become one of thelargest and most important segment of the financial markets with deal volumesnow in... » 

In a relatively short time credit derivatives have grown to become one of thelargest and most important segment of the financial markets with deal volumesnow in trillions of dollars. They have become an important tool for banksfinancial institutions and corporates who desire greater flexibility inmanaging their credit risk and economic capital. This book is an accessibleintroduction to the various types of credit derivative instruments traded inthe markets today. All products are described with the help of worked examplesand Bloomberg screens and the reader will be left with a thorough familiaritywith the nature of credit risk and credit products generally. Topics coveredinclude Credit risk Unfunded credit derivatives Funded credit derivativesCredit default swap pricing The assetswap credit default swap basis Accessible account of major segment of financial markets Describesinstruments and applications Integrates credit risk with credit derivatives «