The Credit Default Swap Basis
Цена 31.58 - 103.66 USD
EAN/UPC/ISBN Code
9781576602362
Автор
Moorad Choudhry
Издатель
Bloomberg Press
Страниц
196
Год выпуска
2006
The credit default swap basis (the basis) defines the relationship between the cash and synthetic credit markets. Finance professionals need to understand the drivers of the basis in order to better undertake investment and relative value analysis. In this book Moorad Choudhry, a market practioner who has published widely in the field of credit derivatives, explores the three most important aspects of the basis: why synthetic and cash prices differ, how to measure the basis, and how to trade the basis. This book offers invaluable market insight to all professionals seeking a deeper understanding of credit derivatives and fixed-income securities.