Credit Derivatives: CDOs and Structured Credit Products (Wiley Finance)

Book Description

The Third Edition of Credit Derivatives is a complete reference work offering comprehensive information on credit derivative products, applications, pricing/valuation approaches, documentation issues and accounting/taxation aspects of such transactions.

Previous editions have consisted of a number of chapters written by the author and a collection of papers from leading market practitioners. This edition departs from the previous format -- all chapters have been written by the author, Satyajit Das.

Key areas of new and enhanced coverage include:

Inclusion of latest developments in documentation (the 2003 Credit Derivative Definitions and market developments such as Master Confirmations).
Description of developments in structured credit products, including portfolio products, up-front credit default swaps, quanto credit default swaps, credit swaptions, zero recovery credit default swaps, first-to-default swaps/ N ^th -to-default swaps, and many more.
Increased coverage of credit linked notes including repackaging structures.
Detailed discussion of the collateralized debt obligations (CDO) market, including CDO structures, pricing and valuation, rating methodology, CDO variations, single tranche CDOs, hedging of CDO tranches, behavior of CDO tranche (equity, mezzanine, senior and super senior) investments.
Increased coverage of pricing of credit default swaps (including models and valuation approaches) and discussion of cash-synthetic basis and its causes and behavior.
Coverage of E2C (equity to credit) hedging.
Detailed examples of applications of credit derivatives by different market participants.
Discussion of trading in credit derivatives including more complex trading strategies such as basis trading and capital structure arbitrage trades.
Updated coverage of regulatory framework for credit derivatives.
Updated discussion of market structures, developments and prospects.

Book Description

There has been an explosive growth in the number of corporates, investors and financial institutions turning to structured products to achieve cost savings, risk controls and yield enhancements. However, the exact nature, risks and applications of these products and solutions can be complex, and problems arise if the fundamental building blocks and principles are not fully understood. This book explains the most popular products and strategies with a focus on everything beyond vanilla options, dealing with these products in a literate yet accessible manner, giving practical applications and case studies.

A special emphasis on how the client uses the products, with interviews and descriptions of real-life deals means that it will be possible to see how the products are applied in day-to-day situations – the theory is translated into practice.

Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Structured Products Volume 1: Exotic Options; Interest Rates & Currency (The Swaps & Financial Derivatives Library) (Wiley Finance)
Average customer rating:
Structured Products Volume 1: Exotic Options; Interest Rates & Currency (The Swaps & Financial Derivatives Library) (Wiley Finance)
Satyajit Das
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books
Finance | Business & Investing | Subjects | Books | Banks & Banking | Corporate Finance | Foreign Exchange | Inflation | Interest
General | Business & Investing | Subjects | Books
General | Investing | Business & Investing | Subjects | Books
Options | Investing | Business & Investing | Subjects | Books
General | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
Similar Items:

Structured Equity Derivatives: The Definitive Guide to Exotic Options and Structured Notes

Structured Products

Credit Derivatives: CDOs and Structured Credit Products (Wiley Finance)

The Volatility Surface: A Practitioner's Guide (Wiley Finance)

Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives

ASIN: 0470821663

Book Description

Structured Products Volume 1 consists of 4 Parts and 20 Chapters covering applications of derivatives, the creation of synthetic assets using derivatives (such as asset swaps, structured notes and repackaged assets), exotic options, non-generic derivative structures used in interest rates and currency markets (including non-generic swaps, basis (floating-to-floating) swaps, swaptions (options on interest rate swaps), callable bonds, CMT products, IAR products, interest rate and currency structured products.

Wealth Management: Private Banking, Investment Decisions, and Structured Financial Products

Average customer rating:

Wealth Management: Private Banking, Investment Decisions, and Structured Financial Products
Dimitris N. Chorafas
Manufacturer: Butterworth-Heinemann
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Global Private Banking and Wealth Management: The New Realities (The Wiley Finance Series)
Wealth Management: The Financial Advisor's Guide to Investing and Managing Your Client's Assets
Financial Planning For High Net Worth Individuals
Wealth Management: A Concise Guide to Financial Planning and Investment Management for Wealthy Clients (Second Edition)
Attract and Retain the Affluent Investor: Winning Tactics for Today's Financial Advisor

ASIN: 0750668555

Book Description

This book has two themes: Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, and state-supported pension schemes find it difficult to survive, a growing number of high net-worth individuals, and families, have become retail investors looking for ways and means to optimize wealth management, and Private Banking deals with these sorts of clients. Private banking also deals with clients that are institutional investors, such as pension funds, mutual funds, and insurance companies, as well as not-for-profits, foundations and companies explicitly set up for wealth management. Both institutional and retail investors are being offered by the banks they work with structured products. Typically, these are securities that provide them with a redemption amount, with may be either with full or partial capital protection, and some type of return. The book examines structured financial products, their polyvalent nature, and the results which could be expected from them.

Return on structural instruments, which are essentially derivatives, is paid in function of a specific investment strategy on selected underlying asset(s). This essentially means on the performance of the underlyings, obtained by asset managers, which may be banks or hedge funds, through purchase or sale of embedded options. But there are risks. Both risk and return from structured products are related to three main issues: the volatility of future value of an underlying, the uncertainty of future events, and the exposure of the product. Every type of investment is subject to market forces, and the more leveraged a portfolio is, the greater will probably be both the assumed risk and the expected reward. The fact that structured financial products appeal, or at least are being marketed, to both retail investors and institutional investors makes the dual approach deliberately chosen in this book most advisable. This book addresses all these issues in a practical manner with numerous case studies and real-world examples drawn from the authors intensive research.

*Because it is based on intensive research, the book is rich in practical examples and case studies
*Addresses the growing trend towards the use of structured financial instruments in private banking
*Thorough treatment of structured financial products that keeps maths to a minimum

Structured Credit Products: Credit Derivatives and Synthetic Securitization

Average customer rating:

Useful book
Same Old
Concise and practical

Structured Credit Products: Credit Derivatives and Synthetic Securitization
Moorad Choudhry
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Collateralized Debt Obligations and Structured Finance : New Developments in Cash and Synthetic Securitization
Collateralized Debt Obligations: Structures and Analysis, 2nd Edition (Wiley Finance)
Credit Derivatives: Risk Management, Trading and Investing (The Wiley Finance Series)
The Credit Default Swap Basis
Credit Derivatives: CDOs and Structured Credit Products (Wiley Finance)

ASIN: 0470821191

Book Description

Structured Credit Products are one of today's fastest growing investment and risk management mechanisms, and a focus of innovation and creativity in the capital markets. The building blocks of these products are credit derivatives, which are among the most widely used products in finance. This book offers a succinct and focused description of the main credit derivative instruments, as well as the more complex products such as synthetic collateralised debt obligations.

The book features:

Detailed product descriptions and analysis
Case studies on US, European and Asian transactions
Latest developments in synthetic structures.

Written in an accessible style by an acclaimed author in the field of finance, this book is aimed at the entire banking, securitisation and fund management market.

Customer Reviews:

Useful book.......2006-01-16

Choudhry has done well in expressing this sometimes difficult subject. Worth the money as ever!

Same Old.......2005-09-02

I bought this on the strength of another review, but was very disappointed. Much of the book is not new, and what is new seems cloned from previous publications. It seems this author puts out a lot of books after reading previously published research. That is reason enough not to pay $70 plus dollars. To add to the injury, the book is not a pleasant read. The writing style is oddly stilted.

Concise and practical.......2004-11-15

In my view, Choudry's new book on credit derivatives and synthetic securization is simply the best book in the market (at the moment). The book is extremely readable, with fantastic examples using many illustrated examples of cash flows and samples of Bloomberg pages. The book targest clearly market practitionars, while it doesn't neglect aspects like pricings of those instruments (you don't need to be a quant to understand the technical part). The author begins with the basics of credit derivatives, it's use in the market, Basel I and II, market size etc. and leads to more and more detailed dicussions of how those new instruments are used (ink. termsheet examples). A huge amount of information comprised in a relatively small book of 400 pages.

Fantastic job Mr. Choudhry. Thank you!

Structured Credit Products: Pricing, Rating, Risk Management and Basel II

Average customer rating:

Structured Credit Products: Pricing, Rating, Risk Management and Basel II

Manufacturer: Risk Books
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Banks & Banking | Industries & Professions | Business & Investing | Subjects | Books

Credit Ratings & Repair | Personal Finance | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Credit Risk: Models and Management, Second Edition
Credit Derivatives: The Definitive Guide
Recovery Risk: The Next Challenge in Credit Risk Management
Economic Capital: A Practitioner Guide
Credit Ratings: Methodologies, Rationale and Default Risk

ASIN: 1904339263

Book Description

Written by leading industry participants, regulators and academics active within the market, this new title will help you understand the very latest developments in the pricing, rating and risk management of structured products as well as the related regulatory issues. And to bring you fully up-to-date, Structured Credit Products concludes with a highly topical analysis of the very latest Basel proposals related to structured exposures.

The emergence of new markets in structured products has transformed the banking business. Structured Credit Products unites the leading industry experts and regulators to provide a formidable reference to your understanding of the entire area. Whether you are new to structured products or already have experience in the field, this book will prove invaluable.

Describes the nature of typical structured products in detail, lucidly explaining the different categories of transactions and features of the market.

Sets out the many considerations that influence the valuation of structured products.

Describes new techniques for modelling statistically the losses on pools of correlated credit exposures, focusing on how correlation between defaults may be described.

Examines how different models applied to structured product exposures compare in their implications for expected losses and capital.

Analyses methodological aspects of structured exposure ratings.

Contributes significantly to the current limited state of knowledge of the empirical behaviour of structured product ratings.

Examines the risks in structured product investments by analysing the volatilities and other statistics of secondary market spreads on US asset-backed securities (ABS).

Book Description

Over the past decade there has been a great escalation in the sophistication of the
financial markets and technology and as a result many new derivatives products have
been developed.

Structured Products offers practical details on the main structured products developed over the last ten years. The book looks in detail at the risks, valuation and key elements of each structured product in turn. It explains the basic principles and underlying philosophies behind the concept giving investors a through understanding of each product in a conceptual and practical way.

Customer Reviews:

Interesting handbook. Complete and useful.......2005-08-16

Great handbook with easy and straightforward explanations of the main equity and fixed income traditional structures. The models are analysed in great detail with a very rich grasp of maths. It would be useful to have the same analysis for more exotic structures. Credit structures are also missing.

Learn a "new language" to read this book...........2004-11-07

THIS IS NOT ENGLISH. You may have to learn 2spanish-english" to read this book.It is ridicoulous. The technical part is good, but you really need to spend 50 minutes per page in order to understand the translation. It's a pitty because you have good coverage of Equity and Bond-Linked structured notes...with little math. Easy to follow but only the math...BUY THE SPANISH EDITION (if any)...Products like Asian Equity deposits, Digital Ranges, Step-ups, Range Accruals...are covered but with little implementattion guidance for Matlab or Excel code. Formulae is always available...advance users may find it usefull...not much proofs though.

Structured Finance: Techniques, Products and Market (Springer Finance)

Average customer rating:

Structured Finance: Techniques, Products and Market (Springer Finance)

Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Project Management | Management & Leadership | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Deals | Blowout Books | Stores | Books

Business & Investing | Blowout Books | Stores | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Introduction to Structured Finance (Frank J. Fabozzi Series)
Handbook of Structured Financial Products
Principles of Project Finance
Modern Project Finance: A Casebook
Collateralized Debt Obligations and Structured Finance : New Developments in Cash and Synthetic Securitization

Accessories:

The World Trade Organization : Legal, Economic and Political Analysis
Dispute Settlement in Public International Law: Texts and Materials
Principles of Law Relating to International Trade

ASIN: 3540253114

Book Description

In recent years, financial engineering has developed new ways of financing deals based primarily on the capacity of the operations to generate sufficient cash for the repayment of loans or bonds. The business of structured finance has then become an interesting business area for non-financial companies, investment and commercial banks and consultants. In terms of volumes, it shows figures easily comparable to other, more traditional, sources of funding.

This book provides the reader with an analysis of the characteristics of structured finance deals – asset-backed securitization, project finance, structured leasing and leveraged acquisitions – together with updated data on the current state of the international financial markets for these operations.

Handbook of Structured Financial Products

Average customer rating:

Handbook of Structured Financial Products

Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

General | Business & Finance | New & Used Textbooks | Stores | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books

Look Inside Business Books | Trip | Specialty Stores | Books
Similar Items:

Introduction to Structured Finance (Frank J. Fabozzi Series)
Structured Finance: Techniques, Products and Market (Springer Finance)
Collateralized Debt Obligations and Structured Finance : New Developments in Cash and Synthetic Securitization
A Primer on Securitization
Structured Credit Products: Credit Derivatives and Synthetic Securitization

ASIN: 1883249430

Book Description

Finance professionals will welcome Frank Fabozzi's Handbook of Structured Finance Products. This one-of-a-kind guide helps you stay on top of continuing developments in the U.S. structured finance product field-as well as developments concerning these products in overseas markets. Here, Fabozzi assembles a roster of highly regarded professionals who provide their findings and opinions on a multitude of investment subjects.

The Handbook of European Structured Financial Products (Frank J. Fabozzi Series)

Average customer rating:

The Handbook of European Structured Financial Products (Frank J. Fabozzi Series)

Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities
Global Securitisation and CDOs (The Wiley Finance Series)
The Structured Credit Handbook (Wiley Finance)

ASIN: 0471484156

Book Description

The first comprehensive account of the European structured financial products market
This comprehensive survey of the securitization market in Europe covers all asset-backed securities (the major classes and some nonconventional asset classes that have been securitized), residential and commercial mortgage-backed securities, collateralized debt obligations, and more.
Frank J. Fabozzi, PhD, CFA, CPA (New Hope, PA), is the Frederick Frank Adjunct Professor of Finance in the School of Management at Yale University. Prior to joining the Yale faculty, he was a Visiting Professor of Finance in the Sloan School at MIT. Moorad Choudhry (Surrey, UK) is a Vice President in Structured Finance Services with JPMorgan Chase Bank.

Download Description

The first comprehensive account of the European structured financial products market

This comprehensive survey of the securitization market in Europe covers all asset-backed securities (the major classes and some nonconventional asset classes that have been securitized), residential and commercial mortgage-backed securities, collateralized debt obligations, and more.

Frank J. Fabozzi, PhD, CFA, CPA (New Hope, PA), is the Frederick Frank Adjunct Professor of Finance in the School of Management at Yale University. Prior to joining the Yale faculty, he was a Visiting Professor of Finance in the Sloan School at MIT. Moorad Choudhry (Surrey, UK) is a Vice President in Structured Finance Services with JPMorgan Chase Bank.

Books:

Books Index

Books Home

Recommended Books