View sample chapter

View table of contents

"This book provides a critical understanding of
the legal issues arising from credit events -
and for this reason alone, it is essential
reading for the practitioner."

Richard Wise, Chief Risk Officer
Institutional Equities, JP Morgan
Journal of Risk Management in Financial
Institutions

"This book is first and foremost an essential
resource for legal practitioners involved in
advising on or structuring credit derivative
products."

Paul U Ali, Associate Professor
University of Melbourne
Journal of International Banking Law and
Regulation

To date, books focused on credit derivatives either have been written with only the trader or the treasurer in mind, with limited coverage of documentation and legal issues; or, where written for the legal practitioner, have covered only limited parts of the credit derivatives universe.

Credit Derivatives: Documenting and Understanding Credit Derivative
Products examines the full spectrum of credit derivative transactions. This accessible new title explains, in straightforward terms, each type of credit derivative transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of funded and unfunded credit derivatives documentation, and provides a detailed guide to the 2003 ISDA Credit Derivatives Definitions.

Featuring analysis on the 'new generation' of credit derivative products, the book also covers in the funded products arena, listing credit linked notes in the post-Prospectus Directive regime, issues relating to special purpose vehicles and the rating process.

In addition, the title covers many historical and structural aspects of the credit derivatives market, as well as providing practical guidance on how to manage a major credit event affecting a diverse range of products in a credit derivatives portfolio.

© Globe Business Publishing Ltd 2008