When Genius Failed: The Rise and Fall of Long Term Capital Management by Roger Lowenstein |
Options, Futures, and Other Derivatives (Prentice Hall Series in Finance) by JOHN C HULL |
Traders, Guns and Money: Knowns and Unknowns in the Dazzling World of Derivatives by Mr Satyajit Das |
When Markets Collide: Investment Strategies for the Age of Global Economic Change by Mohamed El-Erian |
by Alan Greenspan
|
Join Amazon Prime and get unlimited Free One-Day Delivery. Already a member? Sign in.
Customers Who Bought Related Items Also Bought
Product details
Would you like to update product info or give feedback on images?
|
Customers Viewing This Page May Be Interested in These Sponsored Links(What is this?) |
Product Description
Product Description
Credit derivatives as a financial tool has been growing exponentially from almost nothing more than seven years ago to approximately US$5 trillion deals completed by end of 2005. This indicates the growing importance of credit derivatives in the financial sector and how widely it is being used these days by banks globally. It is also being increasingly used as a device of synthetic securitisation. This significant market trend underscores the need for a book of such a nature.
Kothari, an undisputed expert in credit derivatives, explains the subject matter using easy–to–understand terms, presents it in a logical structure, demystifies the technical jargons and blends them into a cohesive whole.
This revised book will also include the following:
– New credit derivative definitions
– New features of the synthetic CDO market
– Case studies of leading transactions of synethetic securitisations
– Basle II rules – The Consultative Paper 3 has significantly revised the rules, particularly on synthetic CDOs
– Additional inputs on legal issues
– New clarifications on accounting for credit derivatives/credit linked notes
From the Inside Flap
Credit is the mainstay of our society. Credit derivatives are concerned with the risk that the promise to pay in a credit transaction is not fulfilled. It is easy to see credit derivatives as hedging devices, but the real growth has been in their ability to transform credit risk into a commodity that can be traded in the same way as equities and bonds.
Credit derivatives as a financial tool has been growing exponentially from almost nothing more than seven years ago to approximately US$5 trillion deals completed by end of 2005. This indicates the growing importance of credit derivatives in the financial sector and how widely it is being used these days by banks globally. It is also being increasingly used as a device of synthetic securitisation. This significant market trend underscores the need for a book of such a nature.
Kothari, an undisputed expert in credit derivatives, explains the subject matter using easy–to–understand terms, presents it in a logical structure, demystifies the technical jargons and blends them into a cohesive whole.
This revised book will also include the following:
– New credit derivative definitions
– New features of the synthetic CDO market
– Case studies of leading transactions of synethetic securitisations
– Basle II rules – The Consultative Paper 3 has significantly revised the rules, particularly on synthetic CDOs
– Additional inputs on legal issues
– New clarifications on accounting for credit derivatives/credit linked notes
From the Inside Flap
Credit is the mainstay of our society. Credit derivatives are concerned with the risk that the promise to pay in a credit transaction is not fulfilled. It is easy to see credit derivatives as hedging devices, but the real growth has been in their ability to transform credit risk into a commodity that can be traded in the same way as equities and bonds.
We enter the world of structured credit when exposures are combined into portfolios. A portfolio yields itself to a probability distribution, which, in turn, may be sliced into slices that have different layers of risk. As probability distribution is impacted by external and internal correlation, structured credit also allows trading in correlation risk.
From stand–alone single credits to bespoke portfolios to indices, credit derivatives have grown rapidly. Now a mainstream financial instrument, they have been hailed as both a savior and destroyer of financial markets.
The book explains in minute details the intricacies of credit derivatives and structured credit trading. It also:
- delves into the leverage that credit derivatives create as well as the risks and risk mitigants in its growth;
- explores all the relevant aspects of credit derivatives including legal, tax, accounting and regulatory issues;
- discusses the complicated issue of pricing and valuation of credit derivatives and collateralized debt obligations in a simple manner backed up with solved examples; and
- provides solved examples in Excel® worksheets in the accompanying CD.
Whether you are an investor, analyst, banker, dealer, lawyer, accountant or regulator, the present book will be of great value to you in understanding the complex world of credit derivatives and structured credit trading.
See all Product Description
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product)
|
What Do Customers Ultimately Buy After Viewing This Item?
 |
69% buy the item featured on this page: Credit Derivatives and Structured Credit Trading (Wiley Finance)£68.00 |
 |
31% buy Structured Products and Related Credit Derivatives: A Comprehensive Guide for Investors (Frank J. Fabozzi Series)£55.25 |
Customer Reviews
There are no customer reviews yet. Create your own review
| |||
Video reviews
|
 |
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
Health & Beauty at Amazon.co.uk |
Beauty without the Beast |
Up to 53% off Braun Series Shavers |
Treat Someone
With an Amazon.co.uk Gift Certificate, you can get them what they want (even if you don't know what that is). |
|||||||
| |||||
Your Recent History
(What's this?)|
You have no recently viewed items or searches.
After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in. Look to the right column to find helpful suggestions for your shopping session. |
Continue Shopping: Top Sellers
| ||||
Amazon Home | |
| International Sites: United States | Germany | France | Japan | Canada | China | |
| Business Programs: Sell on Amazon | Fulfilment by Amazon | Join Associates | Join Advantage | |
| Customer Service | Help | View Basket | Your Account | |
| About Amazon.co.uk | Careers at Amazon | |
| Conditions of Use & Sale | Privacy Notice © 1996-2009, Amazon.com, Inc. and its affiliates |