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.

Amazon.com® Reader Reviews (Ranked by Helpfulness)

Average Amazon.com® Rating:  Based on 1 Ratings

non-mathematical treatment for a general reader - 2009-06-04
Reviewer Rating:
Kasapis educates the reader about the basic structure of common types of credit derivatives. Largely he avoids a heavy mathematical treatment. Aiming the text perhaps at someone in the financial industry who is not tasked with making these instruments, but instead has to understand the qualitative properties. Maybe you are a stockbroker or investor who has to market these or is contemplating a purchase.

Accordingly, the text is very descriptive, and the figures are carefully drawn to give enough details of the essences of a process or instrument, without overloading the reader.

The publisher, Financial Times [aka. Pearson], should also be commended for keeping the price quite reasonable.

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