Credit Derivatives

The market for credit derivatives--financial instruments designed to transfer credit risk from one party to another--has grown exponentially in recent years, with volume expected to reach more than $4.8 trillion by 2004. With demand increasing from the private sector for finance professionals trained in the opportunities--and dangers--inherent in this fast-changing market, finance courses are already springing up to meet this need. <br /> <p><i>Credit Derivatives:</i><br /> </p> <ul> <li style="list-style: none"><br /> </li> <li>Explains the field of credit derivatives to business students with a background in finance<br /> </li> <li>Cites real-world examples throughout, reinforced by end-of-chapter questions and internet links to pricing models<br /> </li> <li>Provides a concise overview of the field that is ideal for instructors seeking to supplement traditional derivatives course material, as well as those looking to offer a stand-alone course on credit derivatives.</li> </ul>