Warehouse Clearance Credit Derivatives [with Cdrom] Collection [Vt2yfmbR]

Credit Derivatives: A Comprehensive Guide

"Credit Derivatives: Trading, Investing and Risk Management, Second Edition" is a comprehensive and fully revised resource that addresses the evolving landscape of credit derivatives in the wake of the financial crisis. This book is an essential tool for anyone involved in the credit derivatives industry, including traders, structurers, quants, and investors. It offers a real-world perspective on the subject, providing in-depth analysis and practical insights into the complexities of credit derivatives.

Updated Content and Advanced Techniques

This second edition has been meticulously updated to reflect the latest developments in the industry, including new products, market dynamics, and risk management requirements. It features 50% new material, such as copula valuation and hedging, portfolio optimization, and chapters on the evolution of credit management systems. The book also delves into the causes of the credit crisis, offering valuable lessons for the future. Key features include:

• Real-world Applications: Detailed analysis of typical trades, including basis trading, hedging, and credit structuring.
• Advanced Modeling: Examination of industry-standard 'default and recovery' and Copula models, with examples and discussions of their limitations.
• Risk Management: Tools and techniques for managing credit risks, including correlation risk management methods.

Target Audience and Benefits

This book is designed for professionals in the financial industry who require a deep understanding of credit derivatives. It is particularly beneficial for those looking to enhance their knowledge of trading, investing, and risk management in this specialized field. By providing a thorough analysis of counterparty risk and credit correlation, the book equips readers with the skills needed to navigate the complexities of the credit derivatives market. The accompanying website offers additional tools for valuation and risk management, making this resource an invaluable asset for anyone involved in credit derivatives.