Product Description

Credit Derivatives and Credit Linked Notes is a complete reference work on credit derivatives and offers comprehensive information on credit derivative products, applications, pricing/ valuation approaches, documentation issues and accounting/ taxation aspects of such transactions.

The book includes:

• Coverage of all major credit derivative structures including credit derivatives, credit linked notes, repackaging structures and portfolio securitisation·
• Examples of applications: Pricing approaches and models as well as credit portfolio management.
• Regulatory framework for credit derivatives: Documentation, accounting and taxation of credit derivative structures·
• Implications of credit derivatives for banking and credit management generally

Product Details

• Amazon Sales Rank: #839384 in Books
• Published on: 2000-01-15
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 940 pages

From the Publisher
Credit derivatives has emerged as an area of significant interest in global derivatives and risk management practice. These instruments promise to revolutionize the management of credit risk in banking and capital markets, furthering the enhancement of liquidity of and trading in counterparty credit risk. This book offers an excellent overview of this rapidly expanding market.

From the Back Cover
Credit Derivatives and Credit Linked Notes is a complete reference work on credit derivatives and offers comprehensive information on credit derivative products, applications, pricing/ valuation approaches, documentation issues and accounting/ taxation aspects of such transactions.

The book includes:

• Coverage of all major credit derivative structures including credit derivatives, credit linked notes, repackaging structures and portfolio securitisation·
• Examples of applications: Pricing approaches and models as well as credit portfolio management.
• Regulatory framework for credit derivatives: Documentation, accounting and taxation of credit derivative structures·
• Implications of credit derivatives for banking and credit management generally

About the Author
Satyajit Das is an international specialist in the area of financial derivatives, risk management, capital markets and treasury management. He presents seminars on these subjects and acts as a consultant to a number of leading banks in Europe, North America, Asia and Australia.

Customer Reviews

A hodge-podge of chapters written mostly by accountan ts.
About half the chapters are written by various accountants employed by Price Waterhouse. Only 2 out of about 20 chapter authors are recognizable names in the field.

Very poor description and coverage of key issues.
In my opinion, this book provides a very incomprehensive and inadequate exposition of many of the key issues. The first four chapters are the most poorly written with unexplained examples and difficult to follow diagrams. Some of the latter chapters are a bit better written. The book, moreover, gives a very poor explanation of pricing techniques which should have formed the core of this text. ON the whole, i would not recommend it to anyone who wants to gain a good introduction to this topic.

A poor effort
I dislike this book for a number of reasons. Firstly it is incomprehensible, especially the examples. Some of the concepts are also not well explained. Secondly, it is not user-friendly. The ideas demonstrated are not presented in a coherent manner. Lastly, being basically a compilation from different authors, the chapters are also not well connected to each other. Overall a very poor effort.