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Short courses>Credit default swaps

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Credit default swaps - 2.5 hours

A foundation course that explains credit default swaps and index trades. This includes how these deals work and the terminology used.

It is suitable for those working in or around financial markets who need to know more.

There are simple examples with time for questions and answers.

This course is only available in-house and is suitable for up to 12 people.

This is what is covered:

  • Trading and hedging credit risk in bond markets
  • Asset swaps and total return swaps
  • Single name CDS, how they work
  • Reference entities and reference obligations
  • Prices and what they tell you
  • Buying and selling protection
  • Credit events
  • Cash settlement and loss given default
  • Simple trades and the risks – examples
  • Standardisation of coupon, payment dates and auction
  • Settlement value and upfront payments
  • Credit indices – how they work
  • What happens if there is a credit event
  • Why indices are traded

Enquire or book this course

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