Trading of credit derivatives will soon pass the $100 billion mark! This 'real world' book goes beyond the fundamentals of credit derivatives to explore the practical realities of derivatives in a credit risk management strategy. Key regulatory and legal issues are covered, along with numerous case studies to clearly demonstrate application of the strategies discussed.
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Editorial Reviews
From the Back Cover
Hands-on Guidelines for Effective Credit Derivatives Use - From One of the industry's Most Authoritative Derivatives Experts. By allowing investors to unbundle credit risk from underlying instruments such as loans, bonds, or swaps, credit derivatives protect bond holders and lenders from the ever-present danger of issuer or borrower default. This relatively new asset class is on course to become a $1 trillion market by 2000. Confusion over how to effectively use these volatile instruments has been rampant, and investors have had difficulty getting trusted information and guidelines. But in Implementing Credit Derivatives, Israel Nelken - one of the world's leading authorities on credit derivatives, exotic options, and financial engineering - goes beyond the basics and theory of credit derivatives to explain their use in everday financial engineering practice. This comprehensive treatment provides hands-on explanations and case studies that cover: The structure and mechanics of alternative credit derivative products; The mechanics of creating, analyzing, and valuing structured credit derivatives; Successful strategies for trading and hedging credit derivatives; Important yet easily overlooked regulatory and legal issues; Similarities between credt derivatives and other financial instruments, e.g. repo trades; When to use credit derivatives versus CBOs or CLOs - and why; Regulatory and economic capital aspects; How to use credit derivatives as a uniquely effective hedge in today's volatile emerging markets.
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Most Helpful Customer Reviews
5 of 6 people found the following review helpful:
1.0 out of 5 stars
Poor Effort,
By A Customer
This review is from: Implementing Credit Derivatives: Strategies and Techniques for Using Credit Derivatives in Risk Management (Irwin Library of Investment & Finance) (Hardcover)
This book is not a good tome for risk managers, for marketers, or for quantitative professionals. It's as if Nelken read some articles and cobbled up this book. Waste of time and money.
1 of 27 people found the following review helpful:
5.0 out of 5 stars
good guidebook for credit derivatives,
By A Customer
This review is from: Implementing Credit Derivatives: Strategies and Techniques for Using Credit Derivatives in Risk Management (Irwin Library of Investment & Finance) (Hardcover)
You can understand the concept of credit derivatives
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
There are many types of credit derivatives. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
Bankers Trust, Capital Adequacy Directive, Commission Bancaire, Credit Suisse, Hong Kong, Basle Committee, New York, Bank of China, General Motors, Korean Development Bank, Reference Entities, Disputing Party, Determining Party, Final Price, State of Israel, Wall Street, European Union, Final Delivery Date, Monte Carlo, Termination Event, Banking Supervisory Policy Guidelines, Board Notice, Czech Export Bank, Deutsche Morgan Grenfell, Floating Rate Payer Calculation Amount New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
There are many types of credit derivatives. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
Bankers Trust, Capital Adequacy Directive, Commission Bancaire, Credit Suisse, Hong Kong, Basle Committee, New York, Bank of China, General Motors, Korean Development Bank, Reference Entities, Disputing Party, Determining Party, Final Price, State of Israel, Wall Street, European Union, Final Delivery Date, Monte Carlo, Termination Event, Banking Supervisory Policy Guidelines, Board Notice, Czech Export Bank, Deutsche Morgan Grenfell, Floating Rate Payer Calculation Amount New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 8
books:
See all 8 books this book cites
6
books
cite this book:
See all 6 books citing this book
- Credit Derivatives: Techniques to Manage Credit Risk for Financial Professionals (McGraw-Hill Financial Education Series) by Erik Banks on page 239, and page 263
- Volitility in the Capital Markets (State of-the-Art Techniques for Modeling, Managing and Trading Volatility) by Israel Nelken in Back Matter
- Risk Management by Michel Crouhy in Front Matter
- Pricing and Managing Exotic and Hybrid Options by Vineer Bhansali in Front Matter
- Risk Management by Dearborn Financial Services on page 218
See all 8 books this book cites
- Pricing, Hedging, & Trading Exotic Options (Irwin Library of Investment & Finance) by Israel Nelken in Front Matter, Back Matter, and Back Flap
- The Hedge Fund Handbook: A Definitive Guide for Analyzing and Evlaluating Alternative Investments by Stefano Lavinio in Front Matter
- The Eurodollar Futures and Options Handbook (McGraw-Hill Library of Investment and Finance) by Galen Burghardt in Front Matter
- Global Investment Risk Management by Ezra Zask in Front Matter
- Credit Derivatives and Credit Linked Notes (Wiley Frontiers in Finance) by Satyajit Das on page 95
See all 6 books citing this book
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