CREDIT DERIVATIVE AND ITS USE IN THE BANKING INDUSTRY

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Nagda, Deshna (2008) CREDIT DERIVATIVE AND ITS USE IN THE BANKING INDUSTRY. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

The credit derivative market has emerged as one of the most dynamic and innovative sectors of the global financial system, so now the credit derivatives are generating a lot of interest within the financial community. Simply put, credit derivative contracts are financial instruments that transfer between two parties the risk and return characteristics of a credit-risky reference asset. As with other derivatives, credit derivative can be used to either take more risk or hedge it; hence various credit derivatives instruments are accepted and widely used by market participants such as banks, insurance companies, etc. This paper aims to provide a general insight into the use of credit derivative in banking industry.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 11 Nov 2008
Last Modified: 16 Feb 2018 05:51
URI: https://eprints.nottingham.ac.uk/id/eprint/22482

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