Credit Derivatives

The market for credit derivatives--financial instruments designed
to transfer credit risk from one party to another--has grown
exponentially in recent years, with volume expected to reach more
than $4.8 trillion by 2004. With demand increasing from the private
sector for finance professionals trained in the opportunities--and
dangers--inherent in this fast-changing market, finance courses are
already springing up to meet this need.

Credit Derivatives:

• • Explains the field of credit derivatives to business students
    with a background in finance

• Cites real-world examples throughout, reinforced by
  end-of-chapter questions and internet links to pricing models

• Provides a concise overview of the field that is ideal for
  instructors seeking to supplement traditional derivatives course
  material, as well as those looking to offer a stand-alone course on
  credit derivatives.

Autorentext
Gunter Meissner is Professor of Finance at Hawaii Pacific University, and is author of Outperform the Dow: Using Options, Futures, and Portfolio Strategies to Beat the Market (Wiley, 2000). He is also Founder and President of Derivatives Software.

Zusammenfassung
The market for credit derivatives--financial instruments designed to transfer credit risk from one party to another--has grown exponentially in recent years, with volume expected to reach more than $4.8 trillion by 2004. With demand increasing from the private sector for finance professionals trained in the opportunities--and dangers--inherent in this fast-changing market, finance courses are already springing up to meet this need.

Credit Derivatives:

• Explains the field of credit derivatives to business students with a background in finance

• Cites real-world examples throughout, reinforced by end-of-chapter questions and internet links to pricing models

• Provides a concise overview of the field that is ideal for instructors seeking to supplement traditional derivatives course material, as well as those looking to offer a stand-alone course on credit derivatives.

Inhalt
Introduction: The Basics of Credit Derivatives.

1. The Market for Credit Derivatives.

2. Credit Derivative Products.

3. Synthetic Structures.

4. Application of Credit Derivatives.

5. The Pricing of Credit Derivatives.

6. Risk Management with Credit Derivatives.

Appendix.

Glossary of Notation.

Glossary of Terms.

Index