Mastering Credit Derivatives: A step-by-step guide to credit derivatives and their application - Softcover

Über die Autorin bzw. den Autor

Andrew Kasapi is a specialist in the sale of derivatives and structures driven products. He worked for IBM Trading & Risk Consultancy, where he specialised in credit risk and market methodologies, and currently works for Credittrade – they deal in credit derivatives sales boutiques, selling credit default swaps and other credit products to financial institutions.

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• We want to lend to Fiat but our country limit for Italyis full.

• We want to take exposure to Brazilwithout incurring USinterest rate risk.

• We want six month exposure to the Philippinesbut there are no securities under two years in the market.

The potential of credit derivatives is enormous and the growth in volume of transactions has been spectacular.  Any one part of a financial institution that invests needs to have a thorough understanding as to the pros and cons of credit derivatives.  What exactly are credit derivatives?  Why are they used?  Who uses them?  What are the benefits and the risks?  Should my institution get involved in using them?

Mastering Credit Derivativesdemystifies complex credit derivative concepts, instruments and products.  This book tackles the concept of credit derivatives via the mature capital markets route, instead of simply relying on a theoretical approach.  Wherever possible, real market data and trades are used to demonstrate an application.

This book will give you the ability to manipulate and apply, with speed and confidence, the techniques relevant to your marketplace.