Book description
Credit derivatives as a financial tool has been growing exponentially
from almost nothing more than seven years ago to approximately US
trillion deals completed by end of 2005. This indicates the growing
importance of credit derivatives in the financial sector and how widely
it is being used these days by banks globally. It is also being
increasingly used as a device of synthetic securitisation. This
significant market trend underscores the need for a book of such a nature.
Kothari, an undisputed expert in credit derivatives, explains the
subject matter using easy-to-understand terms, presents it in a logical
structure, demystifies the technical jargons and blends them into a
cohesive whole.
This revised book will also include the following:
- New credit derivative definitions
- New features of the synthetic CDO market
- Case studies of leading transactions of synethetic securitisations
- Basle II rules - The Consultative Paper 3 has significantly revised
the rules, particularly on synthetic CDOs
- Additional inputs on legal issues
- New clarifications on accounting for credit derivatives/credit linked
notes Vinod Kothari
is widely recognized as a specialist in structured finance and credit
risk. Author, trainer and consultant, he has been dealing with credit
derivatives for over the last seven years, and structured finance for
over the last 12 years.
He has several books to his credit, including
Securitization: The Financial Instrument of the Future;
Securitization, Asset Reconstruction and Enforcement of Security
Interests; Lease Financing and Hirepurchase; and Introduction
to Securitization (jointly with Frank Fabozzi).
As a trainer, Kothari runs public and private training workshops in
structured finance and credit risk areas all over the world, and
trains nearly 1,000 executives at all levels. He has handled several
consulting assignments for banks, companies and governments. These
include complete handholding through a securitization of mortgage
receivables, cashflow modeling, valuation, handling a project on
financing for affordable housing for a government, and advising
regulators on security interest and securitization laws, among others.
Kothari is a chartered accountant, and a company secretary. With a
brilliant academic record, Vinod Kothari has been a rankholder at
school, college, university and professional examinations.
He is based in Kolkata, India and may be contacted at
vinod@vinodkothari. com
