{"product_id":"structured-credit-products-credit-derivatives-and-synthetic-securitisation-with-cdrom-with-cdrom-hardcover","title":"Structured Credit Products: Credit Derivatives and Synthetic Securitisation [With CDROM] [With CDROM] - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMoorad Choudhry\u003c\/b\u003e (Author), \u003cb\u003eDarrell Duffie\u003c\/b\u003e (Foreword by)\u003c\/p\u003e\u003cp\u003eUpdated coverage of structured credit products with in-depth coverage of the latest developments \u003c\/p\u003e\u003cp\u003eStructured 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, along with models and teaching aids.\u003c\/p\u003e \u003cp\u003eMoorad 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.\u003cbr\u003e --\u003cb\u003eDr Didier Joannas\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eRegional Director, Thomson Reuters, Hong Kong\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThis 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.\u003cbr\u003e --\u003cb\u003eDr James Berriman\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eGlobal Pricing Unit, Royal Bank of Scotland\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eMoorad 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 \u003cbr\u003e --\u003cb\u003eMohamoud Barre Dualeh\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eSenior Product Developer, Abu Dhabi Commercial Bank, UAE\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThis 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.\u003cbr\u003e --\u003cb\u003eAndrew Benson\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eETF Market Making, KBC Peel Hunt, London\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eProfessor 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.\u003cbr\u003e --\u003cb\u003eGeorge Whicheloe\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eEquity-Linked Technology, Merrill Lynch, London\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eMoorad 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.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eStructured credit products including synthetic collateralised debt obligations were the subject of considerable media scrutiny in the wake of the US mortgage market crash, as banks around the world suffered large losses on holdings in such products. At the same time, investors that had shorted these exposures using credit derivatives profited from the downturn in the market.\u003c\/p\u003e \u003cp\u003eAs risk management tools, credit derivatives remain as important as ever Professor Moorad Choudhry's best-selling book on credit derivatives brings readers up to date with developments in the market following the 2007-2008 financial crisis, and covers changes in the markets since then.\u003c\/p\u003e \u003cp\u003eThis Second Edition provides an update on credit derivative products and their uses. New material is presented on: \u003c\/p\u003e \u003cul\u003e \u003cli\u003elatest structured credit products and synthetic funding structures;\u003c\/li\u003e \u003cli\u003ethe valuation models used to price synthetic securitisation deals;\u003c\/li\u003e \u003cli\u003ethe credit derivative Big Bang;\u003c\/li\u003e \u003cli\u003ethe CDS basis.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe author presents case studies and practical illustrations from the market. The accompanying CD-R includes pricing models for credit derivatives synthetic CDO notes, diversity models and cash flow waterfalls.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eMoorad 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.\u003cbr\u003e--\u003cb\u003eDr Didier Joannas\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRegional Director, Thomson Reuters, Hong Kong\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThis 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.\u003cbr\u003e--\u003cb\u003eDr James Berriman\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eGlobal Pricing Unit, Royal Bank of Scotland\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eMoorad 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!\u003cbr\u003e--\u003cb\u003eMohamoud Barre Dualeh\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eSenior Product Developer, Abu Dhabi Commercial Bank, UAE\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThis 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.\u003cbr\u003e--\u003cb\u003eAndrew Benson\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eETF Market Making, KBC Peel Hunt, London\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eProfessor 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.\u003cbr\u003e--\u003cb\u003eGeorge Whicheloe\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eEquity-Linked Technology, Merrill Lynch, London\u003c\/i\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eMoorad Choudhry\u003c\/b\u003e is Head of Treasury at Europe Arab Bank plc in London, and Visiting Professor at the Department of Economics, London Metropolitan University.\u003cbr\u003e He lives in Surrey, England.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 300\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.55 x 9.11 x 6.42 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 01, 2009\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51756085608736,"sku":"9780470824139","price":198.72,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/db27c12b3bcf2ad6a5e882c7cd6f9189.webp?v=1780073776","url":"https:\/\/ebocreations.com\/products\/structured-credit-products-credit-derivatives-and-synthetic-securitisation-with-cdrom-with-cdrom-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}