Credit Derivatives Handbook 2006 – Merrill Lynch

Merrill Lynch, “Credit Derivatives Handbook, Vol. 1: A Guide to Single-Name and Index CDS Products” Merrill Lynch | 2006 | ISBN: N/A | 118 pages | PDF | 3,2 MBMerrill Lynch report from 2006Table of Content:Section PageCredit Derivatives –A Market Overview1.Market evolution, importance, participants and challenges 3CDS Basics & Valuation2. Basic concepts, arbitrage relationship, survival probabilities 11Unwinding CDS3. Mechanics for terminating contracts 21Upfront Pricing of CDS4. Compare upfront vs. running CDS spread 29Valuing the CDS Basis5. Comparing CDS with the cash market 37What Drives the Basis?6. Why do cash and default market spreads diverge? 47CDS Structural Roadmap7. Key structural considerations 54CDS Indices8. The ABCs of CDX and iTraxx indices 73CDS Investment Strategies9. Using CDS to enhance returns 88Counterparty Risk10. Credit risks associated with CDS trades, Novation Protocol 112Merrill Lynch, “Credit Derivatives Handbook, Vol. 2: A Guide to the Exotics Credit Derivatives Market” Merrill Lynch | 2006 | ISBN: N/A | 118 pages | PDF | 6,3 MBFollows up volume 1 with tranching of CDOs, CDOs of CDOs, etc.Table of content:Exotics Credit Derivatives –Tried and Tested1.Overview of the exotics credit derivatives market 3Single Tranche Synthetic CDO2. A guide to bespoke single-tranches 8First-to-Default Baskets3. A guide to usage and valuation 23Standardized Tranches4. A guide to the index tranche market 33Trading Correlation5. Managing risks in tranche trading 45Tranche Relative Value Tools6. Identifying relative value in tranche markets 63Correlation Strategies7. Interesting trade ideas in the tranche market 80Modeling Correlation Products8. Pricing models for CDOs & FTDs 101What Correlation?9. Moving from compound to base correlation and beyond 126Synthetic CDO^210. CDO of CDOs 138Leveraged Super Senior11. A guide to synthetic LSS 148CDO Combination Notes12. Combining tranches to tailor investor needs 156CPPI for Debt Investors13. Principal protection techniques 169CDS Options14. Payers and Receivers, trading spread volatility 176CMCDS15. Bulish on Credit, Bearish on Spreads 186Forex & Trading – Foreign Exchange CourseWant to learn about Forex?Foreign exchange, or forex, is the conversion of one country’s currency into another.In a free economy, a country’s currency is valued according to the laws of supply and demand.In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.A country’s currency value may also be set by the country’s government.However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.Get Credit Derivatives Handbook 2006 – Merrill Lynch, Only Price $15Tag: Credit Derivatives Handbook 2006 – Merrill Lynch Review. Credit Derivatives Handbook 2006 – Merrill Lynch download. Credit Derivatives Handbook 2006 – Merrill Lynch discount.