Bruyere / Cont / Copinot Credit Derivatives and Structured Credit

A Guide for Investors
1. Auflage 2006
ISBN: 978-0-470-02623-6
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 294 Seiten, E-Book

Reihe: Wiley Finance Series

Over the past decade, credit derivatives have emerged as the keyfinancial innovation in global capital markets. At end 2004, themarket size hit $6.4 billion (in notional amounts) from virtuallynothing in 1995. This rise has been spurred by the imperative forbanks to better manage their risks, not least credit risks, and theappetite shown by institutional investors and hedge funds forinnovative, high yielding structured investment products. As aresult, growth in collateralized debt obligations and othersecond-generation products, such as credit indices, is currentlyphenomenal. It is enabled by the standardization and increasedliquidity in credit default swaps - the building block of thecredit derivatives market.
Written by market practitioners and specialists, this bookcovers the fundamentals of the credit derivatives and structuredcredit market, including in-depth product descriptions, analysis ofreal transactions, market overview, pricing models, banks businessmodels. It is recommended reading for students in business schoolsand financial courses, academics, and professionals working ininvestment and asset management, banking, corporate treasury andthe capital markets.
Highlights include:
* Written by market practitioners and specialists with first-handexperience in the credit derivatives and structured creditmarket
* A clearly-written, pedagogical book with numerousillustrations
* Detailed review of real-case transactions
* A comprehensive historical perspective on market developmentsincluding up-to-date analysis of the latest trends

Autoren/Hrsg.

Bruyere, Richard

Cont, Rama

Copinot, Regis

Fery, Loic

Jaeck, Christophe

Spitz, Thomas

Weitere Mitwirkende

Smart, Gabrielle

Über Autor(innen)

RICHARD BRUYERE, a partner of Finance Concepts (capitalmarkets and risk management consulting), is a former creditderivatives professional with experience in marketing, trading andstructuring credit derivatives with SG and Credit Suisse FirstBoston. He is the author of Produits drivs de crdit(Economical: 1998, 2004).
RAMA CONT is a research scientist at Centre deMathématiques Appliques, Ecole Polytechnique (France) andfounding partner of Finance Concepts. He is the author ofseveral research articles in quantitative finance and co-author ofFinancial modelling with jump processes (CRC Press, 2003)and Produits drivs de crdit (Economica: 2004).
RGIS COPINOT is a Managing Director in Socite GnralesCredit trading department specialist in non-investment gradecredits. He has worked on derivatives products since 1992 in theLondon markets first in the field of Commodities Options (1992)later in Interest Rates Options (1994) and since 1998 in CreditDerivatives. Rgis Copinot is graduated from Ecole Centrale Paris.He is a co-author of Produits drivs de crdit (Economica:2004).
LOC FERY is managing director in the Capital Marketsdivision of Calyon. He is in charge of the global Structured Credit& CDO product-line, which includes correlation trading, as wellas Cash and Synthetic CDO structuring. Loc Fery is graduated fromHEC (Paris).
CHRISTOPHE JAECK joined Socit Gnrale credit derivativesdepartment in 1998. In charge of structured operations on balancesheet management (synthetic CLOs) until 2001, he is now Head ofsynthetic CDOs activity development in Europe. Christophe Jaeck isa graduate from ENSAE.
THOMAS SPITZ began his career in Socit Gnrale as a creditderivatives trader. He joined Crdit Agricole Indosuez in 2001 asHead of Credit derivatives trading both on Europe and the UnitedStates. Since 2004, in Calyon, he is the Head of Trading and RiskManagement team for the Structured Credit, Deivatives & CDOGroup. Thomas Spitz is a graduate from ENSAE.