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on 7 June 2013
This book covers the most important credit derivatives from basics to complex applications. It gave me a great perspective on the strategies employed by the major players in asset swaps, CDSs, CLNs and other instruments. It also provides a good foundation on understanding the visible and invisible risks inherent in these instruments. As credit risk represents over 60% of the risk in a financial institution, having this guide at your fingertips is essential.

Great reference for bankers and the intellectually curious on the growing market of credit risk transfer vehicles.
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