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Short courses>Credit derivatives

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Credit derivatives - learn the following in 3 hours

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Introduction

  • Market statistics/why credit trading is growing

Credit default swaps, (CDS)

  • How a CDS trade works
  • The main terms used
  • What happens if there is a credit event

How CDS are used

  • Simple trading strategies
  • Risk transfer for structured transactions

 Credit Indices

  • What they are, how they work & why they are used
  • The components of the basket
  • Premium payments

 Collateralised debt obligations, (CDOs)

  • Market background-why they have been popular
  • The tranche structure
  • Subordination & attachment points
  • Valuation difficulties & risks