- Hardcover: 256 pages
- Publisher: McGraw-Hill Publishing Co. (1 July 1999)
- Language English
- ISBN-10: 0070472378
- ISBN-13: 978-0070472372
- Product Dimensions: 23.6 x 16 x 3 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
- Amazon Bestsellers Rank: 2,148,286 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
Trading of credit derivatives will soon pass the $100 billion mark! This 'real world' book goes beyond the fundamentals of credit derivatives to explore the practical realities of derivatives in a credit risk management strategy. Key regulatory and legal issues are covered, along with numerous case studies to clearly demonstrate application of the strategies discussed.
From the Back Cover
Hands-on Guidelines for Effective Credit Derivatives Use - From One of the industry's Most Authoritative Derivatives Experts. By allowing investors to unbundle credit risk from underlying instruments such as loans, bonds, or swaps, credit derivatives protect bond holders and lenders from the ever-present danger of issuer or borrower default.
This relatively new asset class is on course to become a $1 trillion market by 2000. Confusion over how to effectively use these volatile instruments has been rampant, and investors have had difficulty getting trusted information and guidelines. But in Implementing Credit Derivatives, Israel Nelken - one of the world's leading authorities on
credit derivatives, exotic options, and financial engineering - goes beyond the basics and theory of credit derivatives to explain their use in everday financial engineering practice. This comprehensive treatment provides hands-on explanations and case studies that cover: The structure and mechanics of alternative credit derivative products; The mechanics of creating, analyzing, and valuing structured credit derivatives; Successful strategies for trading and hedging credit derivatives; Important yet easily overlooked regulatory and legal issues; Similarities between credt derivatives and other financial instruments, e.g. repo trades; When to use credit derivatives versus
CBOs or CLOs - and why; Regulatory and economic capital aspects; How to use credit derivatives as a uniquely effective hedge in today's volatile emerging markets.
This relatively new asset class is on course to become a $1 trillion market by 2000. Confusion over how to effectively use these volatile instruments has been rampant, and investors have had difficulty getting trusted information and guidelines. But in Implementing Credit Derivatives, Israel Nelken - one of the world's leading authorities on
credit derivatives, exotic options, and financial engineering - goes beyond the basics and theory of credit derivatives to explain their use in everday financial engineering practice. This comprehensive treatment provides hands-on explanations and case studies that cover: The structure and mechanics of alternative credit derivative products; The mechanics of creating, analyzing, and valuing structured credit derivatives; Successful strategies for trading and hedging credit derivatives; Important yet easily overlooked regulatory and legal issues; Similarities between credt derivatives and other financial instruments, e.g. repo trades; When to use credit derivatives versus
CBOs or CLOs - and why; Regulatory and economic capital aspects; How to use credit derivatives as a uniquely effective hedge in today's volatile emerging markets.
Inside This Book
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First Sentence
There are many types of credit derivatives. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
There are many types of credit derivatives. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
0 of 19 people found the following review helpful
Format:Hardcover
You can understand the concept of credit derivatives.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
2 reviews
5 of 6 people found the following review helpful
Poor Effort
2 April 2004
Format:Hardcover
This book is not a good tome for risk managers, for marketers, or for quantitative professionals. It's as if Nelken read some articles and cobbled up this book. Waste of time and money.
1 of 27 people found the following review helpful
good guidebook for credit derivatives
30 Aug 1999
Format:Hardcover
You can understand the concept of credit derivatives
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