Credit Derivatives: Application, Pricing, and Risk Management

The market for credit derivatives––financial instruments designed to transfer credit risk from one party to another––has grown exponentially in recent years. With job opportunities for credit risk professionals increasing sharply, finance courses are springing up to meet this demand.
Credit Derivatives is the first student–oriented text to explain this field to business students with a background in finance. Real–world examples are cited throughout, reinforced by end–of–chapter questions, and students can take advantage of links to pricing models on the internet. This concise book is ideal for instructors seeking to supplement traditional derivatives course material, as well as those looking to enhance their own understanding of this fast–growing area.

Spis treści:
Introduction: The Basics of Credit Derivatives.
1. The Market for Credit Derivatives.
2. Credit Derivative Products.
3. Synthetic Structures.
4. Application of Credit Derivatives.
5. The Pricing of Credit Derivatives.
6. Risk Management with Credit Derivatives.
Appendix.
Glossary of Notation.
Glossary of Terms.
Index

Nota biograficzna:
Gunter Meissner is Professor of Finance at Hawaii Pacific University, and is author of Outperform the Dow: Using Options, Futures, and Portfolio Strategies to Beat the Market (Wiley, 2000). He is also Founder and President of Derivatives Software.

Okładka tylna:
The market for credit derivatives––financial instruments designed to transfer credit risk from one party to another––has grown exponentially in recent years. With job opportunities for credit risk professionals increasing sharply, finance courses are springing up to meet this demand.
Credit Derivatives is the first student–oriented text to explain this field to business students with a background in finance. Real&# 8211;world examples are cited throughout, reinforced by end–of–chapter questions, and students can take advantage of links to pricing models on the internet. This concise book is ideal for instructors seeking to supplement traditional derivatives course material, as well as those looking to enhance their own understanding of this fast–growing area.