Introduction of Credit Derivatives and Valuation of Credit Default Swap
The credit derivative market was established at the beginning of the 1990s since the emergence of credit derivatives fits the rapid development of the whole derivatives market. However, compare to other derivative market, this market is still small and incomplete. As with other derivatives, credit d...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2006
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| Online Access: | https://eprints.nottingham.ac.uk/20209/ |
| _version_ | 1848792035969990656 |
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| author | Han, Lu |
| author_facet | Han, Lu |
| author_sort | Han, Lu |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The credit derivative market was established at the beginning of the 1990s since the emergence of credit derivatives fits the rapid development of the whole derivatives market. However, compare to other derivative market, this market is still small and incomplete. As with other derivatives, credit derivatives can be used to either take more risk or hedge it, hence various credit derivatives instruments are accepted and widely used by market participants such as banks, insurance companies, etc. this paper aims to provide a general insight into credit derivative market, explore some of the interesting issues relates to different credit derivatives products. The analyis conducted in this paper gives a basic understanding of mechanism of credit derivatives and how credit default swap, the most popular credit derivative in the market, can be valued. |
| first_indexed | 2025-11-14T18:38:01Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-20209 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:38:01Z |
| publishDate | 2006 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-202092017-12-25T13:21:02Z https://eprints.nottingham.ac.uk/20209/ Introduction of Credit Derivatives and Valuation of Credit Default Swap Han, Lu The credit derivative market was established at the beginning of the 1990s since the emergence of credit derivatives fits the rapid development of the whole derivatives market. However, compare to other derivative market, this market is still small and incomplete. As with other derivatives, credit derivatives can be used to either take more risk or hedge it, hence various credit derivatives instruments are accepted and widely used by market participants such as banks, insurance companies, etc. this paper aims to provide a general insight into credit derivative market, explore some of the interesting issues relates to different credit derivatives products. The analyis conducted in this paper gives a basic understanding of mechanism of credit derivatives and how credit default swap, the most popular credit derivative in the market, can be valued. 2006 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/20209/1/06MAlixlh8.pdf Han, Lu (2006) Introduction of Credit Derivatives and Valuation of Credit Default Swap. [Dissertation (University of Nottingham only)] (Unpublished) Credit Derivatives credit default swaps |
| spellingShingle | Credit Derivatives credit default swaps Han, Lu Introduction of Credit Derivatives and Valuation of Credit Default Swap |
| title | Introduction of Credit Derivatives and Valuation of Credit Default Swap |
| title_full | Introduction of Credit Derivatives and Valuation of Credit Default Swap |
| title_fullStr | Introduction of Credit Derivatives and Valuation of Credit Default Swap |
| title_full_unstemmed | Introduction of Credit Derivatives and Valuation of Credit Default Swap |
| title_short | Introduction of Credit Derivatives and Valuation of Credit Default Swap |
| title_sort | introduction of credit derivatives and valuation of credit default swap |
| topic | Credit Derivatives credit default swaps |
| url | https://eprints.nottingham.ac.uk/20209/ |