Overview/Description Target Audience Expected Duration Lesson Objectives Course Number Overview/Description
The ongoing rapid growth of credit derivatives, which began in the late 1900s, has primarily been fueled by the requirements of large international banks to manage their regulatory capital requirements and increase the efficiency of their capital reserves. This has led to a wider acceptance of these instruments, mainly as a means to remove credit risk off the books of one entity and onto the books of another who is willing to accept it. In addition to large international banks, many smaller regional banks and insurance and reinsurance providers, as well as institutional investors, hedge funds, and corporations, have become the users of credit derivatives. This course gives a brief overview of the general characteristics of credit derivatives and the market for them, including the major participants and the roles they play. It also examines various credit risk applications from banking, investor, and corporate applications.
Financial services professionals, consultants, and sales professionals interested in providing or selling products and services to banks, investment companies, and other financial corporations, and everyone interested in creation and use of credit derivative instruments