MOORAD CHOUNDHRY – THE CREDIT DEFAULT SWAP BASIS

Credit default swaps have been a big part of the credit market situation because of the growth of the credit derivatives market. Understanding how these instruments work and what they can and cannot offer is important to knowing how to best use them.

The credit default swap basis is related to the close relationship between synthetic and cash markets. The covers are by Choudhry.

• factors that drive the basis
• implications for market participants
• the CDS index basis
• trading the basis

Anyone with an interest in the global debt markets will find something to interest them. There is a credit default swap basis. It is insightful and rewarding.

There is a table of contents.

Foreword.

Preface.

About the author.

There is a primer on credit default swaps.

There are two bond spreads and relative value.

There is a relationship between cash and synthetic credit markets.

The credit default swap basis is used for supply and demand.

There is a further analysis of the cash and synthetic credit market differential.

There are positive and negative Basis Arbitrage trades.

The description of the screen is in Appendix I.

The market approach to pricing.

Market-Implied Timing of Default is included in Appendix III.

Glossary.

Index.

The activity was for professional development.

Information about the author.

The doctor is Dr. Moorad Choudhry. The head of Treasury is in London. He is a visiting professor at the Department of Economics, London Metropolitan University, a visiting research fellow at the ICMA Centre, University of Reading, a senior fellow at the Centre for Mathematical Trading and Finance, and a fellow of the Securities and Investment Institute. The author of numerous books is Choudhry. The Handbook of Fixed-Income Securities and Derivatives. .

Reviews

There is a book on a key aspect of the credit derivatives market. Moorad Choudhry’s landmark text on the credit default swap basis will give investors valuable insight. That’s right. Baig was Suleman. The markets ofDeutsche Bank.

As credit default swaps become more important as a bank risk-management tool, market participants will need to understand the credit market cash-synthetic basis. This treatment of the subject provides valuable detail for investors and traders. That’s right. Mohamoud Barre dualeh. A bank in Abu Dhabi.

The account is sure to be of inestimable value to market practitioners. That’s right. Mark is the brother of Mark. Synthetic ABCP operations.

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Moorad Choundhry is the author of The Credit Default swap Basis.