| Credit Derivatives | |
| Credit Derivatives What Are Credit Derivatives? Complex Structures Pricing Considerations Documentation Credit Derivatives (for Client Facing Staff) Applications Of Credit Default Swaps Securitised Products And Collateralised Debt Obligations Credit Pricing Pricing CDS And S Legal, Regulatory And Documentation Aspects Of Credit Derivatives Key Concepts Of The Credit Derivatives Market Credit Default Swap Collateralized Debt Obligations (CDO) Total Return Swap Credit-linked Note CDS Swaption Levels And Flows See Also External Links |
Credit Derivatives
A credit derivative is a contract (derivative) to transfer the risk of
the total return on a credit asset falling below an agreed level, without transfer of the underlying asset. This is
usually achieved by transferring risk on a credit reference asset. Early forms of credit derivative were financial
guarantees. Some common forms of credit derivatives are total return swap, credit
default swap and credit linked note. |