Book description
Updated coverage of structured credit products with in-depth coverage
of the latest developments
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 collateralized debt
obligations. This new edition features updated case studies from
Europe and Asia, the latest developments in synthetic structures, the
impact of the subprime meltdown, and a CD-ROM of models and teaching aids.
Moorad Choudhry returns with this excellent update of the credit
derivatives market. The second edition of his classic work is, like
the subject matter itself, at the forefront of the financial industry.
It deserves a wide readership.
-Dr Didier Joannas
Regional Director, Thomson Reuters, Hong Kong
This is the perfect companion for both experienced and entry level
professionals working in the structured credit fraternity. It is an
erudite, insightful and enjoyable read that successfully demystifies
one of the most topical subject areas in banking today, while also
providing important practical examples that link the theory to the job
itself.
-Dr James Berriman
Global Pricing Unit, Royal Bank of Scotland
Moorad Choudhry has earned a deserved reputation from both academics
and practitioners as one of the leading practical yet rigorous authors
of finance books. In this Second Edition, his practical knowledge of
credit derivatives keeps the audience engaged with straightforward
explanations of complicated structures, and an accessible level of
mathematical sophistication necessary to understand structured credit
products. The author offers complete, rigorous analysis while avoiding
overuse of mathematical formulas and carefully balanced practical and
theoretical aspects of the subject. I strongly recommend this book for
those wishing to gain an intuitive understanding of structured credit
products, from practitioners to students of finance!
-Mohamoud
Barre Dualeh
Senior Product Developer, Abu Dhabi Commercial Bank, UAE
This is THE book for credit derivative trading. From first steps to
advanced trading strategies, this is invaluable. Well written and
insightful, perfect for ad hoc reference or reading cover to
cover.
-Andrew Benson
ETF Market Making, KBC Peel Hunt, London
Professor Choudhry has inspired me to really get into credit
derivatives. It's great to be lectured by someone with such energy and
practical hands-on experience, as well as the ability to get stuck
into the details.
-George Whicheloe
Equity-Linked Technology, Merrill Lynch, London
Moorad Choudhry is Head of Treasury at Europe Arab Bank plc in
London. He is a Visiting Professor at the Department of Economics at
London Metropolitan University.
Moorad Choudhry is Head of Treasury at Europe Arab
Bank plc in London, and Visiting Professor at the Department of
Economics, London Metropolitan University.
He lives in Surrey,
England.
