Fixed Income Securities and Derivatives Handbook: Analysis and Valuation | 
 enlarge | Author: Moorad Choudhry
Publisher: Bloomberg Press
Category: Book
List Price: $79.95
Buy New: $48.49
You Save: $31.46 (39%)
New (25) Used (6) from $48.49
Rating:  2 reviews
Sales Rank: 295300
Media: Hardcover
Pages: 384
Number Of Items: 1
Shipping Weight (lbs): 1.6
Dimensions (in): 9.3 x 6.4 x 1.4
ISBN: 1576601641
Dewey Decimal Number: 332.632044
EAN: 9781576601648
ASIN: 1576601641
Publication Date: April 13, 2005
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand new item. Over 4 million customers served. Order now. Selling online since 1995. Few left in stock - order soon. Code: I20090102032137S
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Product Description
Written by professionals for professionals, Credit Derivative Strategies is an in-depth, comprehensive guide to investing with credit derivatives. Emphasizing real-world applications, the contributors cover three broad topics: * investment strategies currently used by institutional investors and hedge funds, including ways to find opportunities in relative value, distressed debt, and synthetic collateralized debt obligations (CDOs). * risk management strategies designed to construct and optimize portfolios containing complex credit derivatives, including up-to-date techniques for evaluating event risk. * pricing and valuation of credit default swaps, CDOs, and other products, including variations of time-to-default copula models. These investment, risk management, and pricing strategies will keep experienced derivatives traders ahead of the curve. A special section describing the mechanics of twenty-two credit products will orient those new to the rapidly expanding market of credit derivatives. The contributing authors of this book are practicing professionals with experience in leadership positions at Merrill Lynch, TriPoint Asset Management, UBS, Salomon Smith Barney, Perry Capital, Nomura Securities International, Dalton Investments, Deutsche Bank, Credit Suisse, Kenmar Global Investment Management, and Citigroup. This book qualifies for 7.5 PD credits under the guidelines of the CFA Institute Professional Development Program.
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| Customer Reviews:
 introduces the key ideas like Black-Sholes option modelling June 5, 2006
W Boudville (Terra, Sol 3)
6 out of 6 found this review helpful
Starting from scratch, assuming just a basic knowledge of calculus and the summation of series, Choudhry explains important ideas about how securities and derivatives are priced. Crucial concepts like how to model interest rates, and the various models that do exist for this purpose, are also gone into. This is built upon with the use of interest rate swaps, of varying complexity.
For options, there is the seminal Black-Scholes model. It is shown to be easy to understand, resting on the assumption of a Weiner process for the asset pricing. More elaborate option modelling is possible, and several of these are discussed.
 Really good for newbie December 30, 2005
Yanpeng Guo (Mclean, VA USA)
11 out of 12 found this review helpful
By saying newbie, I mean at least you should know some basic terminology like duration, convexity, interest rake risk, etc. It's really for those who have some basic knowledge on fixed income securiteis and want to explore more in depth. I personally read some chapters from Fabozzi's handbook, and feel like it's not very technical oriented and I prefer this one.
Haven't finished reading yet, but so far, very comprehensive, concise and lucid.
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