Credit Derivatives, Insurance, and CDOs: What Enron's Collapse Actually Changed
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Credit default swaps
Credit Derivatives and Credit-Linked Notes: CDS, Portfolio Products, and Funded Credit Protection
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Swap Markets Explained: Interest Rate and Currency Swaps
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 Series: Chapter 15 Review
A swap is an agreement between two parties to exchange a set of payments over time. The most common type swaps fixed interest rate payments for floating ones. Chapter 15 covers the different types of swaps, how they are priced, what risks they carry, and how the swap market nearly brought down the financial system.
Relative Value in Credit: CDS Basis and Credit Term Structure
This is a retelling of Chapter 7 (Part 1) from “Trading the Fixed Income, Inflation and Credit Markets: A Relative Value Guide” by Neil C. Schofield and Troy Bowler (Wiley, 2011, ISBN: 978-0-470-74229-7).
Product Fundamentals: Bonds, Repos and Derivatives Explained Simply
Chapter 1 is the foundation. It covers all the products you need to know before the book gets into the actual trading strategies. If you already know bonds, repos, swaps, and options, you can skim. But honestly, a quick review never hurts.