Introduction to Credit Derivatives

<p>The second edition of <i>An Introduction to Credit Derivatives</i> provides a broad introduction to products and a marketplace that have changed significantly since the financial crisis of 2008. Author Moorad Choudhry gives a practitioner's perspective on credit derivative instruments and the risks they involve in a succinct style without sacrificing technical details and scientific precision. </p> <p>Beginning with foundational discussions of credit risk, credit risk transfer and credit ratings, the book proceeds to examine credit default swaps and related pricing, asset swaps, credit-linked notes, and more. Ample references, appendices and a glossary add considerably to the lasting value of the book for students and professionals in finance.</p><br><br><ul><li>A post-crisis guide to a powerful bank risk management product, its history and its use</li><li>Liberal use of Bloomberg screens and new worked examples increase hands-on practicality</li><li>New online set of CDS pricing models and other worksheets multiply the book's uses</li></ul>