Credit Derivatives and Structured Credit Trading, Revised Edition (eBook)

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

Foreword.

Preface.

PART 1 MARKET, INSTRUMENTS AND MOTIVATIONS.

Chapter 1: Credit derivatives: Structure, evolution,
motivations, and economics.

Chapter 2: Credit derivatives: Market, evolution, and current
status.

PART 2 SINGLE-NAME INSRTUMENTS.

Chapter 3: Credit default swaps.

Chapter 4: Total rate of return swaps.

Chapter 5: Credit-linked notes.

Chapter 6: Credit default swaps on asset-backed securities
and derivatives exposures.

Chapter 7: Loan-only CDS.

Chapter 8: Credit derivatives options and volatility
trades.

Chapter 9: Equity default swaps, recovery swaps and other
exotic products.

PART 3 PORTFOLIO PRODUCTS.

Chapter 10: Portfolio credit derivatives and introduction to
structured credit trading.

Chapter 11: Introduction to collateralized debt
obligations.

Chapter 12: Index trades.

Chapter 13: Single-tranche synthetic CDOs, CPDOs, and other
CDO innovations.

Chapter 14: CDO case studies.

Chapter 15: Credit derivative product companies.

PART 4 PRICING AND VALUATION OF CREDIT DERIVATIVES.

Chapter 16: Approaches to quantification of credit
risk.

Chapter 17: Pricing of a single name credit
derivative.

Chapter 18: Pricing of a portfolio credit default
swap.

PART 5 LEGAL, REGULATIORY, OPERATIONAL, TAX AND ACCOUNTING
ASPECTS.

Chapter 19: Legal aspects of credit derivatives.

Chapter 20: Documentation for credit derivatives.

Chapter 21: Taxation of credit derivatives.

Chapter 22: Accounting for credit derivatives.

Chapter 23: Regulatory capital and other regulations on
credit derivatives.

Chapter 24: Operational issues.

Chapter 25: Credit derivatives terminology.

Index.