Structured Credit Products
Structured credit products are one of today's fastest-growing investment and risk management mechanisms. This book offers a succinct and focused description of the main credit derivative instruments, as well as the more complex products such as synthetic collateralized debt obligations. This volume features updated case studies from Europe and Asia, the latest developments in synthetic structures, the impact of the subprime meltdown, along with models and teaching aids.
Praise for Structured Credit Products
"Moorad Choudhry returns with this excellent update of the credit derivatives market. The second edition of his classic work is, like the subject matter itself, at the forefront of the financial industry. It deserves a wide readership."
― Dr. Didier Joannas, Regional Director, Thomson Reuters, Hong Kong
"This is the perfect companion for both experienced and entry-level professionals working in the structured credit fraternity. It is an erudite, insightful, and enjoyable read that successfully demystifies one of the most topical subject areas in banking today, while also providing important practical examples that link the theory to the job itself.
― Dr. James Berriman, Global Pricing Unit, Royal Bank of Scotland
"This is the book for credit derivative trading. From the first steps to advanced trading strategies, this is invaluable. Well written and insightful, perfect for ad hoc reference or reading cover to cover."
― Andrew Benson, ETF Market Making, KBC Peel Hunt, London
"Professor Choudhry has inspired me to really get into credit derivatives. It’s great to be lectured by someone with such energy and practical hands-on experience, as well as the ability to get stuck into the details."
― George Whicheloe, Equity-Linked Technology, Merrill Lynch, London