Credit Derivatives:Documenting and Understanding Credit Derivative Products

The financial crisis makes it more vital than ever to understand the myriad of credit derivatives documentation and the many products involved. Particularly relevant since the credit crunch, this accessible title features a key section on managing a major credit event affecting a diverse range of products in a credit derivatives portfolio.

This accessible title explains, in straightforward terms, each type of credit derivative transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of funded and unfunded credit derivatives documentation, and provides a detailed guide to the 2003 ISDA Credit Derivatives Definitions.

Featuring analysis on the 'new generation' of credit derivative products, the book covers in the funded products arena, listing credit linked notes in the post-Prospectus Directive regime, issues relating to special purpose vehicles and the rating process. In addition, the title covers many historical and structural aspects of the credit derivatives market.

Author Edmund Parker is the head of derivatives at Mayer Brown, London. His case study approach provides practical reading for lawyers, whether in private practice or in-house, and all credit derivatives market participants looking to gain a solid understanding of the latest products and their documentation platforms.