Cover of: Credit Derivative Strategies | Rohan Douglas

Credit Derivative Strategies

New Thinking on Managing Risk and Return
  • 240 Pages
  • 3.21 MB
  • English
Bloomberg Press
International business, Investment & securities, Business & Economics, Business / Economics / Finance, Business/Economics, Management - General, Business & Investing / Finance, Business & Economics / Management, Finance, Credit derivatives, Risk manag
The Physical Object
ID Numbers
Open LibraryOL8748020M
ISBN 101576601870
ISBN 139781576601877

Credit Derivative Strategies closes the gap with state-of-the-art techniques for picking credit hedge funds, analyzing event risk, identifying relative value opportunities and managing CDOs. The credit crisis has many people in the Credit Derivative Strategies book industry rethinking how to manage their credit risk and exposure.

It is now more important than ever for /5(2). Credit Derivative Strategies closes the gap with state-of-the-art techniques for picking credit hedge funds, analyzing event risk, identifying relative value opportunities and managing CDOs. The credit crisis has many people in the financial industry rethinking how to manage their credit risk and exposure.

Credit Derivative: A credit derivative consists of privately held negotiable bilateral contracts that allow users to manage their exposure to. Fully revised and updated to take in to account the new products, markets and risk requirements post financial crisis, Credit Derivatives: Trading, Investing and Risk Management, Second Edition, covers the subject from a real world perspective, tackling issues such as liquidity, poor data, and credit spreads, to the latest innovations in Cited by: 6.

Credit Derivatives Handbook December, 6 1. Introduction A credit derivative is a financial contract that allows one to take or reduce credit exposure, generally on bonds or loans of a sovereign or corporate entity.

The contract is between two parties and does not directly involve the issuer itself. Credit derivatives are primarily used to. Written by professionals for professionals, "Credit Derivative Strategies" is an in-depth, comprehensive guide to investing with credit derivatives.

Emphasizing real-world applications, the contributors cover three broad topics: Investment strategies currently - Selection from Credit Derivative Strategies: New Thinking on Managing Risk and Return [Book].

"Credit Derivatives are financial contracts that transfer credit risk--the risk that a debtor will not repay a loan--between parties.

Credit Derivative Strategies describes for professional investors current ways of participating in this rapidly expanding market, including how to select credit hedge funds, analyze event risk, find relative value Credit Derivative Strategies book, and choose synthetic.

1st exotic credit derivative s 2nd credit default s waps - emerg ing 2nd basket default s waps 2nd credit-linked note s For further information, please contact: J.P. Morgan Securities Inc Blythe Masters (New York) Tel: +1 () E-mail: [email protected] J. Morgan Securities Ltd Jane Herring (London) Tel: +44 (0) File Size: KB.

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.

"Credit Derivative Strategies" closes the gap with state-of-the-art techniques for picking credit hedge funds, analyzing event risk, identifying relative value opportunities and managing Credit Derivative Strategies book crisis has many people in the financial industry rethinking how to manage their credit risk and exposure/5(2).

In Credit Derivative Strategies (Bloomberg Press, July ) editor Rohan Douglas, an industry veteran, brings together highly regarded professionals from both the buy and sell side to explain the strategies they use to invest, manage risk, and price credit derivatives.

This is a Wikipedia book, Credit derivative Credit default swap Credit linked note Collateralized debt obligation Option Strategies Covered call Naked put Straddle Butterfly Collar Iron condor Strangle Options Spread Options spread Bull spread Box spread Backspread Calendar spread.

Risk Management of Financial Derivatives Background 1. What exactly are the risks posed to banks by financial derivative instruments. Credit Risk The risk of loss if a counterparty defaults on a contract and at the time of default the contract has a positive mark-to-market value for the nondefaulting party.

Prior to maturity, credit risk alsoFile Size: KB. In addition, the book addresses the counterparty credit risk modeling, pricing, and arbitraging strategies from the perspective of a front office functionality and a revenue center (rather than merely a risk management functionality), which are relatively recent developments and are of increasing importance.

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Get this from a library. Credit derivative strategies: new thinking on managing risk and return. [Rohan Douglas;] -- In the decade since the credit derivatives market started, financial professionals have become increasingly sophisticated.

Most books on the subject have not kept pace. Credit Derivative Strategies. The TRH strategies discussed here are based on the equity and equity derivatives markets. However, I also make a comparison to some of the speculative credit derivative strategies used to profit from the collapse of the housing bubble approximately 10 years ago.

As derivative strategies have become more commonplace, risk regulation has tightened. Derivatives and Risk Management made simple 3. Market risk Market risk refers to the sensitivity of an asset or portfolio to overall market price movements such as interest rates, Derivatives and Risk Management.

Buy Implementing Credit Derivatives: Strategies and Techniques for Using Credit Derivatives in Risk Management (McGraw-Hill Library of Investment and Finance) by Nelken, Israel (ISBN: ) from Amazon's Book Store. Everyday low Author: Israel Nelken.

A single name credit derivative is one in which the credit risk of just one entity is traded, whereas a multi-name credit derivative is one in which the credit risk of a group of entities is traded.

The most common single name credit derivatives are credit default swaps, asset swaps, credit spread options, and the total return swap. A credit default swap does not create a position for general market the purposes of specific risk, a firm must record a synthetic long position in an obligation of the reference entity, unless the derivative is rated externally and meets the conditions for a qualifying debt security, in which case a long position in the derivative is recorded.

4 Step 1: Describe the opening transaction completely How to Draw Profit and Loss Diagrams Strategy: Long Call EXAMPLE: Buy a 50 Call @ $2 Step 2: Make a profit/loss table and a grid for the diagram. The table (Table ) should have one File Size: KB. Goldman Sachs’ Favorite Books List.

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Goldman Sachs put together a list of the best books and it is impressive and long – unfortunately it is hard to sift through since it just has the title and the author without any information on the book so we are helping you out by filing in that info.

If you want to find the full list go here we also list it below at the bottom along with. Credit derivatives offer a flexible way of managing credit risk and provide opportunities to enhance yields by purchasing credit synthetically.

Credit derivatives cannot eliminate all credit risk because inherent in the transfer of a loan exposure to Company A, is the introduction of a new exposure to Company B because of the use of a.

investment strategies, credit derivatives instruments and valuation techniques from our Credit Derivatives Insights publications. It also contains “primers” on credit derivatives concepts and a glossary with brief definitions for nearly terms used in the market. We have organized the book into six broad.

The delta measures the sensitivity of a derivative's value to changes in the price of the underlying asset. The delta (Δ) of an instrument is the first mathematical derivative of the derivative's value with respect to the underlier's price.

Types of products. A Delta One product is a derivative with a linear, symmetric payoff profile. That is. The complete guide to derivatives, from the experts at the CFA Derivatives is the definitive guide to derivatives, derivative markets, and the use of options in risk management.

Written by the experts at the CFA Institute, this book provides authoritative reference for students and investment professionals seeking a deeper understanding for more comprehensive portfolio.

Derivative is a product whose value is derived from the value of one or more basic variables, called bases (underlying asset, index, or reference rate), in a contractual manner.

The underlying asset can be equity, forex, commodity or any other asset. Forwards, futures, swaps, options, hybrids (such as swaptions and options on futures) and a category “other” (credit derivatives, weather derivatives, etc) make up the derivative markets.

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The word is drawn from “derive” and means that the derivative instrument cannot exist on its own/5(12). Fully revised and updated from the hugely popular first edition, this book is an accessible and convenient one-volume introduction to international capital markets, ideal for those entering or planning to enter investment banking or asset management.

As well as serving as an invaluable reference tool for professionals already working in the industry looking to extend their. “It’s well known that both the CDS (credit default swaps) market and the credit index swap market are significantly lower than One reason for the reduction in trading liquidity may be the use of these opportunistic strategies.” Credit default swaps are the most well-known of credit derivatives and it is “a financial derivative Author: Michael Volpe.

Handbook of credit derivatives and structured credit strategies, Morgan Stanley Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.

If you continue browsing the site, you agree to the use of cookies on this website.Credit Risk provides financial institutions and their staff with everything they need to know about how to control and manage credit risk.

It gives sound analysis of trading strategies and complex derivative product, offers an understanding of settlement procedures and legal issues, and shows how to accurately quantify and measure related risks.The methodological rigor, scope, and sophistication of their state-of-the-art account is unparalleled, and its singularly in-depth treatment of pricing and credit derivatives further illuminates a problem that has drawn much attention in an era when financial institutions the world over are revising their credit management strategies.