The Industrialization of Credit Risk

Dimitris N. Chorafas
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Dimitris N. Chorafas: New York Academy of Sciences

Chapter 5 in Financial Boom and Gloom, 2009, pp 112-137 from Palgrave Macmillan

Abstract: Abstract Credit derivatives are financial instruments enabling the trading of credit risk separate from other types of risk. This is achieved by appropriately designing, securitizing (section 2 of this chapter) and distributing credit exposure to willing investors. A simple form of a bilateral credit derivatives deal is that two parties agree to exchange predetermined cash flows associated with a given credit event, over a defined maturity.

Keywords: Real Estate; Balance Sheet; Credit Risk; Credit Rating; Hedge Fund (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-23583-0_5

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DOI: 10.1057/9780230235830_5

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