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Mastering Credit Derivatives: A Step-by-Step Guide to Credit Derivatives and Structured Credit (Financial Times Series)
 
 
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Mastering Credit Derivatives: A Step-by-Step Guide to Credit Derivatives and Structured Credit (Financial Times Series) [Paperback]

Andrew Kasapis
3.0 out of 5 stars  See all reviews (4 customer reviews)
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Mastering Credit Derivatives: A Step-by-Step Guide to Credit Derivatives and Structured Credit (Financial Times Series) + Mastering Derivatives Markets: A Step-by-Step Guide to the Products, Applications and Risks + Options, Futures and Other Derivatives
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Product details

  • Paperback: 296 pages
  • Publisher: Financial Times/ Prentice Hall; 2 edition (16 Dec 2008)
  • Language English
  • ISBN-10: 0273714856
  • ISBN-13: 978-0273714859
  • Product Dimensions: 23.9 x 16.8 x 2.5 cm
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Bestsellers Rank: 443,003 in Books (See Top 100 in Books)
  • See Complete Table of Contents

More About the Author

Andrew Kasapi
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Product Description

Product Description

This second edition of Mastering Credit Derivatives has been completely revised to include new movements in the world of finance. The first part of the book is set aside as a condensed, updated version of the previous edition whereas the next two thirds are dedicated to recent innovations such as Structured Credit Derivatives and Greeks and Tranche Sensitivity.

 

The book is written on a purely ‘need to know’ basis, avoiding the archaic, theoretical and excessively mathematical concepts.

 

Input from market practitioners offers valuable insight into where they believe the market is headed in the future. Derivatives is a huge area, thought to be worth trillions of pounds. With new products being constantly introduced, it is important to keep up-to-date with its rapid growth.

 

From the Back Cover

"...a truly insightful book on structured credit...this book will help the reader develop an intuitive understanding of how structured products behave in changing markets".

 Philip Best, Chief Risk Officer, Threadneedle Asset Management.

 

 

A step-by-step guide to credit derivatives and their application.

 

Mastering Credit Derivatives provides comprehensive coverage of this rapidly growing market. It will give you a clear understanding of what credit derivatives are, as well as explaining their benefits and risks.

 

In this fully revised and updated edition, Andrew Kasapis approaches the derivatives market from a practical basis, using examples of real market data and trades. He includes ideas and comments from market practitioners who offer valuable insights as to the likely direction the industry will take.  

 

The book includes chapters on:

 

  • An assessment of the sub-prime crisis and how it has affected derivatives

  • Available derivative products and how they are applied

  • How best to value credit and how to price and risk-manage derivatives

  • An explanation of traunched indices and first-to-default  baskets

  • Recently introduced products such as collateral synthetic obligations (CSOs) and collaterised debt obligations (CDOs)

 

Mastering Credit Derivatives is an invaluable guide that will help you to understand credit derivatives and apply them to your market place.

 


Inside This Book (Learn More)
First Sentence
When approaching the structured credit market in a strategic way, one of the most daunting tasks is balancing complexity and simplicity. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

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Most Helpful Customer Reviews
Format:Paperback
Would certainly not recommend this book to a novice - new terms and concepts are not consistently introduced and explained leaving the reader to wonder about their meaining. Examples/computations are at times not methodically worked through leaving logical gaps and unexplained numbers. A good example is the carry and PV01 computations on page 20. Lots of inferrences and assumptions which are not clear to a non-practitioner.

I am lucky having access to credit structurers capable of filling the gaps left by the book and second-gessing the assumptions, but suspect not everybody can have it.
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3 of 5 people found the following review helpful
By A Customer
Format:Paperback
A well thought out brilliantly structured review of the credit derivatives subject. The pace and momentum was perfect and quickly helped me to bridge the differences between my 7 years of derivatives experience and nuances of the credit derivatives area.
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0 of 1 people found the following review helpful
Format:Paperback
Kasapis' book is easy to read for those new to structured products like myself. He draws from academia and more so from the real world, where most students of finance will end up working.

Excellent book - strong buy
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