Credit Derivatives: A Primer on Credit Risk, Modelling, and Instruments

The credit risk market is the world's fastest growing financial market, attracting everyone from hedge funds to banks and insurers. Increasingly, corporate finance professionals must understand credit risk, both to manage risk in their own organizations and to consult with their clients. Most books in the field, however, are either too academic for practitioners or written for those who already possess extensive experience.

Credit Derivatives fills the gap, explaining the credit risk market clearly and simply, in language any working financial professional can understand.