Publisher's Synopsis
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.
