Credit Derivatives and Structured Credit

A Guide for Investors

Richard Bruyere - Collection Wiley Finance

280 pages, parution le 16/12/2005

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Résumé

Over the past decade, credit derivatives have emerged as the key financial innovation in global capital markets. At end 2004, the market size hit $6.4 billion (in notional amounts) from virtually nothing in 1995. This rise has been spurred by the imperative for banks to better manage their risks, not least credit risks, and the appetite shown by institutional investors and hedge funds for innovative, high yielding structured investment products. As a result, growth in collateralized debt obligations and other second-generation products, such as credit indices, is currently phenomenal. It is enabled by the standardization and increased liquidity in credit default swaps - the building block of the credit derivatives market.

Written by market practitioners and specialists, this book covers the fundamentals of the credit derivatives and structured credit market, including in-depth product descriptions, analysis of real transactions, market overview, pricing models, banks business models. It is recommended reading for students in business schools and financial courses, academics, and professionals working in investment and asset management, banking, corporate treasury and the capital markets.

Highlights include:

Written by market practitioners and specialists with first-hand experience in the credit derivatives and structured credit market
A clearly-written, pedagogical book with numerous illustrations
Detailed review of real-case transactions
A comprehensive historical perspective on market developments including up-to-date analysis of the latest trends

L'auteur - Richard Bruyere

Diplome HEC, Richard BRUYERE est actuellement responsable de la structuration et du marketing des produits derives de credit au sein d'une grande banque internationale. Il est laureat 1997 du Grand Prix de la Recherche Financiere Dresdner Kleinwort Benson - Les Echos, du premier prix de la Societe des Bourses Francaises, du prix de la Fondation HEC et du prix Ernst & Young du meilleur memoire de recherche HEC, pour son rapport de fin d'etudes traitant des produits derives de credit.

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Les produits dérivés de crédit

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Sommaire

Foreword
Introduction
Credit Risk and the Emergence of Credit Derivatives
Typology of Credit Derivatives and their Main Applications
Second-Generation Credit Derivatives
Collateralized Debt Obligations
The Credit Derivatives and Structured Credit Products Market
Pricing Models for Credit Derivatives
The Impact of the Development in Credit Derivatives
Conclusion
Bibliography
Index

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Richard Bruyere
Collection	Wiley Finance
Parution	16/12/2005
Nb. de pages	280
Format	17 x 25
Couverture	Relié
Poids	714g
Intérieur	Noir et Blanc
EAN13	9780470018798
ISBN13	978-0-470-01879-8