• book

From the Publisher

For traders trying to navigate the increasingly volatile credit default swap market, CDS Delivery Option provides worked-out examples, over 30 charts, a case study of Delphi, and detailed explanations of how the subprime crisis caused the credit crisis and the near collapse of the GSEs.  The book includes detailed information on: how to value a CDS contract how to value the delivery option how contract value changes when the yield curve flattens or becomes steeper how contract value changes with bullish or bearish market moves how to figure out when to buy protection and when to sell protection how to hedge CDS risk when and how to unwind a contract prior to settlement when to hold a trade through delivery how to navigate a "squeeze" (when the notional value of contracts going through delivery is larger than the supply of the cheapest-to-deliver issue) when buying contracts can make their prices go down how to construct a basis trade how to find arbitrage opportunities how to analyze default probability and corporate debt when to settle via auction and when to settle via physical delivery which note is the cheapest to deliver

This book is an indispensable resource for all market professionals working in the CDS market.

Published: Wiley on
ISBN: 9780470883259
List price: $79.95
Read on Scribd mobile: iPhone, iPad and Android.
Availability for CDS Delivery Option: Better Pricing of Credit Default Swaps
  1. This book can be read on up to 6 mobile devices.

Related Articles

Entrepreneur
4 min read

5 Distasteful Marketing Ploys to Avoid

My friend Eileen had a gray striped cat named Nimbus whose greatest joy was to hunt in the backyard woods and drop his offerings at her back door. Eileen never knew what she'd find when she opened the door--a chipmunk, vole, mole or bird. Nimbus was easily forgiven--he was a cat, operating solely on instinct. Far more accountable are those who manage their business the way Nimbus operated his--by plopping the unwanted and often distasteful straight into our unsuspecting laps under the guise of "marketing." Here are my top picks for business marketing efforts that are as distasteful as dead cri
Entrepreneur
4 min read

How to Balance Your Personal and Professional Presence Online

As Twitter has grown in influence as both a social platform and a communication channel for companies, I have recalibrated the way I interact with people there--and, by extension, any social network where I represent my brand. It has been a subtle shift, but an important one. This was on my mind when a question came up at a marketing event where I spoke recently: How do you balance the personal and professional on social networks? I advocated for a blending of the two. At its heart, that's the real opportunity of social media, isn't it? People do business with people--not faceless, soulless ed
TIME
3 min read

Trump Questions a Rule Obliging Financial Advisers to Put Clients’ Interests First

WITH THE STROKE OF A PEN, PRESIDENT Trump has put the future of a controversial financial-planning rule in doubt. On Feb. 3, he signed an executive memo instructing the Department of Labor to review the fiduciary rule, which requires financial advisers to put their clients’ interests ahead of their own when giving retirement investment advice. If the department finds that the rule has hindered the public’s access to retirement-planning information, officials would need to publish a new rule to either rescind or revise it. The review is a victory for opponents of the rule, enacted by the Obama