Moorad Choudhry: The Credit Default Swap Basis
The Credit Default Swap Basis
Buch
- Wiley, 07/2023
- Einband: Gebunden, ,
- Sprache: Englisch
- ISBN-13: 9780470915837
- Bestellnummer: 1596113
- Umfang: 224 Seiten
- Nummer der Auflage: 23002
- Auflage: 2nd Revised edition
- Copyright-Jahr: 2015
- Maße: 275 x 150 mm
- Stärke: 34 mm
- Erscheinungstermin: 31.7.2023
Achtung: Artikel ist nicht in deutscher Sprache!
Weitere Ausgaben von The Credit Default Swap Basis
Klappentext
An up-to-date resource on the intricacies of the credit default swap basisWhile credit default swaps and credit derivatives are of great concern to many in the field of finance, the Second Edition of The Credit Default Swap Basis does not directly focus on these issues. It is instead about an aspect of CDS behavior, the basis, which is of importance to all users of CDS products. An understanding of the basis is essential to anyone involved in the credit-risky debt capital markets, whether you're an investor, trader, or broker.
The credit default swap basis (the basis) defines the relationship between the cash and synthetic credit markets. Finance professionals need to understand the drivers of the basis in order to better undertake investment and value analysis, and for trading purposes. In this updated Second Edition, author Moorad Choudhry, a market practitioner who has published widely in the field of credit derivatives, explores this dynamic discipline and examines the structural changes in the CDS market, including new settlement mechanisms and contract standardization. Along the way, he describes how basis pricing has changed in the aftermath of the financial crisis and what that change means in regard to overall market and trading opportunities.
* The only book on basis issues of credit default swaps, it provides practitioners with vital information on valuation, credit risk assessment, and basis trading strategies
* Addresses structural changes to the market, including the introduction of central clearing houses in the U. S. and Europe and standardization of contracts to reduce disputes about payout settlements
* Covers the close relationship between the synthetic and cash markets in credit, which manifests itself in the credit default swap basis
The Credit Default Swap Basis, Second Edition offers invaluable market insights to all financial professionals seeking a deeper understanding of credit derivatives and fixed income securities.
Biografie
Moorad Choudhry is a vice president in structured finance services with JPMorgan Chase Bank in London. Prior to this, he worked as a government bond trader and Treasury trader at ABN Amro Hoare Govett Sterling Bonds Limited, and as a sterling proprietary trader at Hambros Bank Limited. Moorad is a Fellow of the Centre for Mathematical Trading and Finance, CASS Business School, London, and is Editor of the Journal of Bond Trading and Management. Moorad Choudhry
The Credit Default Swap Basis
EUR 118,72*