Product Description

credit default swaps are now well established and are an important trading option for financial professionals. in order to determine if an investment is mispriced and could be traded at a profit, investors need to understand what the credit default swap is, how it works, and how to trade it. this book is the first to fully describe the basis, including methods of measuring it, and trading strategies that can be built around it.

Product Details

• Amazon Sales Rank: #272981 in Books
• Published on: 2006-12-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 195 pages

Securities and Investments Review
"Choudhry is a great speaker...and the book contains many of his
pearls of wisdom, intelligently and interestingly laid out."

Review

“choudhry is a great speaker and economics lecturer and the book contains many of his pearls of wisdom, intelligently and interestingly laid out.”

securities and investments review

About the Author

moorad choudhry heads the treasury department of the derivatives unit at kbc bank nv, a major european financial services company. formerly a vice president in j. p. morgan chase's structured finance services group, he has authored numerous journal articles and books, including the global money markets written with professor frank fabozzi. choudhry is editor of the journal of bond trading and management.

Customer Reviews

Only book of its kind and ideal for every level of experience
The only book worth reading on the CDS basis regardless your knowledge base in the field. Consistent use of Bloomberg grabs helps bring all the themes discussed together and concepts are exceptionally well and clearly discussed throughout. Refreshingly balanced perspective on a niche field, this is a gem. Highly relevant considering current environments, particularly in the synthetic markets..

Thank you Prof Choudhry

Welcome book at just the right time

For an investor in both cash and credit derivatives this book is very timely and very well written. It's the first treatment I have seen on the Basis, and it explains it from first principles. There is very good coverage of how to measure the cash-synthetic basis, the different ways this can be done, and practical illustrations and examples that show how the process works in real life. Best of all is Chapter 6 on basis arbitrage trading, Professor Choudhry demonstrates how to put on both the positive and the negative basis trade in the cash bond and credit default swap. This is an excellent book and very welcome, published not a moment too soon.