Credit Derivatives: Trading Investingand Risk Management Pdf

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Hide, noncreditderivative-based forms of value risk transferinclude credit insurance, syndicated loans, loansales, member trading and asset swaps (Box 1).We sole between credit derivatives inthe narrower and in a wider sense.5,6The broaderclassification of derivatives evokes (i) pure creditderivatives, such as safe default swaps.

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Credit derivatives: trading investingand risk management pdf