Credit derivatives Device of credit risk mitigation and synthetic trading in credit
Material type: Mixed materialsPublication details: 2013Description: 901-905Subject(s): NLM classification:- 332.7
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Periodicals/Magazines | SSCBS Library | 43/8 | Available | P14988 |
Credit derivative is an OTC derivative instrument that seeks transfer the risk of default or movement in credit spreads of an entity. Credit spreads refelct the credit risk of a party and hence, by allowing a trade in credit spreads, credit derivatives allow generalised trade in credit spreads, credit derivatives can be used both for hedging and trading, and in fact, have been extensively used for tradng rather than for hedging.
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