The Handbook of Credit Derivatives (Hardcover)

by Jack Clark Francis (Editor), Joyce A. Frost (Editor), J. Gregg Whittaker (Editor)

Editorial Reviews

Book Description
The First Encyclopedic Reference¿For Both Financial Managers and Investors¿On the Exploding Yet Uncharted World of Credit Derivatives. New products seem to hit the financial markets on a monthly, or even daily, basis. Yet it is rare that one emerges with immediate value and undiscovered potential for both financial risk managers and investors¿and even rarer that the many nuances and benefits of this product can be explained in one book. Credit derivatives are that tool¿and THE HANDBOOK OF CREDIT DERIVATIVES is that book. This unmatched collection of expertise provides a complete picture of the credit derivatives marketplace: what they are, where they come from, and specific strategies for both risk managers and investors to use them to their greatest advantage. Starting with a comprehensive overview, this encyclopedic reference goes on to explain; Efficient strategies for profitably using credit derivatives as either investment or risk management tools; Specific challenges and solutions in the pricing of credit derivatives, from the perspectives of both buyer and issuer; Techniques to estimate the probability that a corporate credit will default; Up-to-the-minute accounting and tax practices for recognizing and reporting transactions. Whether you are a professional risk manager seeking to hedge your risk exposure, or a cutting-edge investor looking for new and profitable markets, the guidance of the industry's leading experts in THE HANDBOOK OF CREDIT DERIVATIVES provides in-depth, expert analysis of these multi-faceted financial structures, written by the most influential figures in this still-developing field.

From the Back Cover
The first encyclopedic reference--for both financial managers and investors--on the exploding yet uncharted world of credit derivatives. From an operational perspective, credit derivaties--securities that permit financial managers and investors to shield themselves from the risk of issuer default--are still in their infancy. But from the perspectives of utility and value, these instruments have become a vital insurance policy in today's risk-sensitive financial environment. The Handbook of Credit Derivatives provides in-depth, expert analysis of these multi-faceted financial structures, written by the most influential figures in this still-developing field. Starting with a comprehensive overview, this encyclopedic reference goes on to explain: efficient strategies for profitably using credit derivatives as either investment or risk management tools; specific challenges and solutions in the pricing of credit derivatives, from the perspectives of both buyer and issuer; techniques to estimate the probability that a corporate credit will default; up-to-the-minute accounting and tax practices for recognizing and reporting transactions. Whether you are a professional risk manager seeking to hedge your risk exposure, or a cutting-edge investor looking for new and profitable markets, the guidance of the industry's leading experts in The Handbook of Credit Derivaties will explain every facet--and answer any quesitons you may have--on these dynamic new securities.

• Hardcover: 392 pages
• Publisher: McGraw-Hill Companies (June 14, 1999)
• Language: English
• ISBN-10: 0070225885
• ISBN-13: 978-0070225886
• Product Dimensions: 9.3 x 6.4 x 1.5 inches
• Shipping Weight: 1.6 pounds
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• Amazon.com Sales Rank: #2,416,755 in Books (See Bestsellers in Books)
  
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