credit default swaps are now well established and are an important trading option for financial professionals. this books offers a full description of the basis, including methods of measuring it, and trading strategies that can be built around it.
moorad choudhry heads the treasury department of the derivatives unit at kbc bank nv, a major european financial services company. formerly a vice president in j. p. morgan chase's structured finance services group, he has authored numerous journal articles and books, including the global money markets written with professor frank fabozzi. choudhry is editor of the journal of bond trading and management.