Credit Derivatives

Credit derivatives are the newest entrant to the world of derivatives. This book provides an in-depth explanation of this risk management tool, which has been increasingly used to manage credit risk in banking and capital markets. It covers everything, from the basics of why credit risk is important, to accounting and tax implications of credit derivatives. Using Bloomberg screens, illustrative examples, basic investment theory, and mathematics, Credit Derivatives covers the real-world practice and applications of credit derivatives products.