Credit Derivatives and Markets

Anna Schlösser ()
Additional contact information
Anna Schlösser: Hedging and Derivatives Strategies

Chapter Chapter 2 in Pricing and Risk Management of Synthetic CDOs, 2011, pp 7-66 from Springer

Abstract: Abstract Credit risk can be defined as the “risk of changes in value associated with unexpected changes in the credit quality” of a counterparty in a financial contract. These unexpected changes range from a reduction in the market value of the financial contract, due to a decline in the credit quality of the obligor, to the default of the counterparty, which is the inability of the obligor to meet payment obligations.

Keywords: Credit Risk; Hedge Fund; Credit Default Swap; Credit Spread; Credit Derivative (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-15609-0_2

Ordering information: This item can be ordered from
http://www.springer.com/9783642156090

DOI: 10.1007/978-3-642-15609-0_2

Access Statistics for this chapter

More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().