|
| |
| | Credit derivative - Wikipedia, the free encyclopedia |
 | | There is also a generally accepted principle that, where derivatives are being used as a hedge against underlying assets or liabilities, accounting adjustments are required to ensure that the gain/loss on the hedged instrument is recognised in the income statement on a similar basis as the underlying assets and liabilities. | | | A credit derivative is a contract (derivative) to transfer the risk of the total return on a credit asset falling below an agreed level, without transfer of the underlying asset. | | | In a cashflow CDO, the underlying credit risks are bonds or loans held by the issuer. |
|
http://en.wikipedia.org/wiki/Credit_derivative
(3353 words)
|
|
| |
| | Credit Derivative |
| | Most credit derivatives entail two sources of credit exposure: one from the reference asset and the other from possible default by the counterparty to the transaction. | | | Credit events are typically defined to include a material default, bankruptcy or debt restructuring for a specified reference asset. | | | A credit derivative is an OTC derivative designed to transfer credit risk from one party to another. |
|
http://www.riskglossary.com/articles/credit_derivative.htm
(481 words)
|
|
| |
| | Derivative (finance) - Wikipedia, the free encyclopedia |
| | 90% of all derivatives revenue produced by derivatives sellers is for this kind of cost, cash, accounts receivable and accounts payable planning. | | | Credit derivative: A contract which transfers credit risk from a protection buyer to a credit protection seller. | | | Crucial to the valuation of derivatives is also the stochastics of the underlying assets, typically expressed as a stochastic process. |
|
http://en.wikipedia.org/wiki/Derivative_security
(2163 words)
|
|
| |
| | FRB: Supervisory Letter SR 96-17 (GEN) on supervisory guidance for credit derivatives -- August 12, 1996 |
| | Credit derivatives are off-balance sheet arrangements that allow one party (the "beneficiary") to transfer the credit risk of a "reference asset," which it often actually owns, to another party (the "guarantor"). | | | For example, a credit derivative used to offset the credit exposure of a loan to a corporate customer may use a publicly-traded corporate bond of the customer as the reference asset, whose credit quality serves as a proxy for the on-balance sheet loan. | | | A banking organization that uses a credit derivative, which is based on a reference asset that differs from the protected underlying asset, must document the credit derivative being used to offset credit risk and must link it directly to the asset or assets whose credit risk the transaction is designed to offset. |
|
http://www.federalreserve.gov/boarddocs/SRLetters/1996/sr9617.htm
(5303 words)
|
|
| |
| | [No title] |
| | One possible type of credit event for a credit default swap is a downgrade in the credit status of some preset entity. | | | A credit derivative is a financial instrument used to mitigate or to assume specific forms of credit risk by hedgers and speculators. | | | A credit default swap is a swap in which one counterparty receives a premium at pre-set intervals in consideration for guaranteeing to make a specific payment should a negative credit event take place. |
|
http://www.finpipe.com/crederiv.htm
(1048 words)
|
|
| |
| | credit derivative |
| | Credit derivative products can take forms, such as credit default credit limited notes and total return Derivative: the financial contract whose value is from the performance of assets, rates, currency exchange rates, or Derivative transactions include the wide assortment of financial contracts structured debt obligations deposits, swaps, futures, caps, floors, collars, forwards and various thereof. | | | the terms and payments can't be derived from the of a security or commodity, a statistics, the event (such as default on payment), or something else. | | | Credit Derivative: the contract which transfers credit risk a protection buyer to a credit seller. |
|
http://www.cleog.com/creditderivative.htm
(1824 words)
|
|
| |
| | Credit Risk |
| | However, to price the credit derivative, not only is it necessary to be able to arrive at an expected value, it is also essential to have a value for the price of risk in the credit market. | | | Credit spreads: this method looks at the spread between the interest paid for company debt and that paid on government debt of the same maturity. | | | To derive an estimate of only the expected value of a credit derivative, consider a company that will receive a payment of $100, in a year’s time, from a credit-risky institution. |
|
http://www.financewise.com/public/edit/riskm/credit/cre-deriv.htm
(2243 words)
|
|
| |
| | Credit cards - Columbia Encyclopedia® article about Credit cards |
| | Alternatively credit cards may be issued by third parties, such as a bank or a financial services company, and used by consumers to purchase goods and services from other companies. | | | An alternative to credit cards is the debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. | | | Credit cards may be issued by a business, such as a department store or an oil company, to make it easier for consumers to buy their products. |
|
http://columbia.thefreedictionary.com/Credit+cards
(780 words)
|
|
| |
| | Electric Perspectives: CREDIT DERIVATIVES: A VALUABLE TOOL FOR ELECTRIC COMPANIES |
| | Before the introduction of credit derivatives, buying and selling such cash instruments was the conventional method for investors to increase or decrease their risk exposure to an issuer's credit. | | | According to the International Swaps and Derivatives Association (ISDA), a credit derivative is "a privately negotiated agreement that explicitly shifts credit risk from one party to the other." Companies use them to protect themselves from the default of a contract counterparty. | | | Traditional credit products, like bonds and loans issued by corporations or governments, exposed investors to both interest-rate risk and the issuer's credit risk. |
|
http://www.findarticles.com/p/articles/mi_qa3650/is_200409/ai_n9458459
(1399 words)
|
|
| |
| | Credit Derivative news and developments |
| | The largest share of credit derivative market is still taken by credit default swap transactions, where the protection buyer pays credit risk premium to the protection seller on a notional amount of protection received against credit defaults, in which case the seller will be obliged to pay compensation to the buyer. | | | "Credit derivatives are one of a number of markets for the transfer of credit risk.Development of these markets has clear potential benefits for financial stability because they allow the origination and funding of credit to be separated from the efficient allocation of the resulting credit risk... | | | The deal, totaling in size Eu 2.5 billion of mortgages, contained a credit default swap of Eu1.5bn which was placed as a super-senior credit default swap with an OECD bank. |
|
http://www.credit-deriv.com/crenews.htm
(6166 words)
|
|
| |
| | Securitisation glossary-Credit derivative |
| | Credit derivative - Refers to a contract between two parties where one party agrees, for a fee, to guarantee the total returns in a credit-based transaction, thus taking the credit risks in the transaction without either funding the transaction or taking it on its books. | | | A technique to share the risks and rewards in credit transactions. |
|
http://www.vinodkothari.com/glossary/Credit1.htm
(56 words)
|
|
| |
| | CREDIT DERIVATIVES AND RISK MANAGEMENT |
| | A credit default swap typically pays off at the occurrence of a "credit event" that amounts to a default, so would not be suitable for trading exposure to a non-performing loan portfolio — which is already in default. | | | Most of the credit derivatives literature is from the point of view of the investor, but what’s important to the investor is important to the issuer, because it affects the price that the investor will pay for the issuer’s securities. | | | That puzzles you, since you associate (a) a rise in the share price with an increase in the credit quality, (b) an increase in the credit quality with a decline in the credit spread, and (c) a decline in the credit spread with a decline in the quoted cost of a default swap. |
|
http://www.margrabe.com/CreditDerivatives.html
(9933 words)
|
|
| |
| | S&P: Credit Derivative Exposure to Enron is $6.3 Billion |
| | Enron has secured ratings on three such credit derivative transactions in which a total notional amount of $3 billion of credit derivative exposure was traded. | | | In this case, Enron may potentially be the single reference source of credit risk in a credit derivative transaction, irrespective of the credit risk posed by the actual counterparty risk in these transactions (which is not addressed in the estimated exposures identified above). | | | Enron appears as a reference credit in six transactions with potential total notional exposure to Enron of $2.7 billion in these single-name risk or small basket credit derivative transactions. |
|
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-30-2001/0001625223&EDATE=
(822 words)
|
|
| |
| | Derivative Instrument |
| | credit derivative A derivative instrument designed to transfer credit risk from one party to another. | | | Credit risk in equity derivatives 16 Sep 2002 | | | Back-to-back deals eliminate market risk but not credit risk. |
|
http://www.riskglossary.com/articles/derivative_instrument.htm
(528 words)
|
|
| |
| | Barra Barra Credit |
| | Barra Credit Pricing is unique in its ability to deliver turnkey pricing of credit derivatives, all within a quantitatively rigorous application. | | | Barra Credit Pricing can be used as a stand-alone application or as a pricing engine within any deal-capture, mark-to-market or risk management system. | | | Barra Credit Pricing provides credit investment professionals with a set of derivative valuation models designed to support mark-to-market, hedging and risk analysis of credit derivatives. |
|
http://www.barra.com/Products/CreditPricing.aspx
(364 words)
|
|
| |
| | Credit Derivative WebSite |
| | Credit Risk is the possibility that a debt will not be paid on time, by a borrrower. | | | Credit Derivatives allow the transfer of the credit risk without transferring the market risk. | | | The most common reasons for using credit derivatives are:- |
|
http://www.credit-derivative.com
(205 words)
|
|
| |
| | Credit Derivative financial definition of Credit Derivative. Credit Derivative finance term by the Free Online ... |
| | Credit derivatives are financial assets like forward contracts, swaps, and options for which the price is driven by the credit risk of economic agents (private investors or governments). | | | For example, a bank concerned that one of its customers may not be able to repay a loan can protect itself against loss by transferring the credit risk to another party while keeping the loan on its books. | | | Privately held negotiable bilateral contracts that allow users to manage their exposure to credit risk. |
|
http://financial-dictionary.thefreedictionary.com/Credit+Derivative
(152 words)
|
|
| |
| | credit derivative Definition |
| | Find out how to improve your credit (and why this is important). | | | The party transferring risk away has to pay a fee to the party that will take the risk. | | | We describe techniques you can use, such as timely bill payment, closing unused credit lines, and avoiding collection agencies, judgments against you, and bankruptcy for seven to ten years. |
|
http://www.investorwords.com/1200/credit_derivative.html
(187 words)
|
|
| |
| | Dow Jones Indexes |
| | Track the credit default swap market for both the sovereign and corporate entities of emerging regions. | | | The Dow Jones CDX are indexes of credit default swaps designed to track segments of the credit default swap market. | | | Track segments of the credit default swap markets for North America investment grade and high yield reference entities. |
|
http://www.djindexes.com/mdsidx/?event=cdx
(196 words)
|
|
| |
| | Fitch Training - Financial Institutions - Banks - Credit Risk Course in Derivative Products |
| | Those responsible for (a) credit risk analysis, approval or portfolio management, (b) credit control, administration, or audit functions, (c) derivative credit risk measurement methodologies, and (d) credit and IT advisory services. | | | calculate the credit risk of a portfolio of transactions. | | | Examining various credit enhancement techniques and their impact on credit risk |
|
http://www.fitchtraining.com/fitchtraining/course/show_course.xsql?COURSE=1
(364 words)
|
|
| |
| | Quantifi - Credit Derivative Models and Risk Analysis for Synthetic CDOs, Credit Default Swaps, Options on CDS and ... |
| | Quantifi is the credit specialist that answers the challenges of the credit markets with the most comprehensive and powerful suite of credit derivative pricing models and risk analysis available today. | | | The toolkit includes the first commercially available pricer for cross-currency hybrid credit derivatives, and can be used by global financial institutions such as banks, hedge funds, and insurers to value and risk manage the most complex exotic credit derivative products trading in the marketplace. | | | Markit provides independent mark-to-market credit default swap (CDS) pricing on over 2,700 individual entities and tiers of debt drawn from daily price contributions from over 50 dealing firms, and is used by global financial institutions for price verification and risk management purposes. |
|
http://www.quantifisolutions.com
(5409 words)
|
|
| |
| | Business For Sale: Use $1bn Collateral Credit Derivative |
| | Entitled agency and maker of rare-material commodity seek $10m-financier-arranger to $1bn JSC for collateralized credit derivative tool operations. | | | A useful tool allowing all institutions to manage their credit risk profile in an effective manner. | | | Agency and maker own and supply the rare-material item as a compact underlying asset for possible credit derivative tool. |
|
http://www.mergernetwork.com/static/details/37050.htm
(263 words)
|
|
| |
| | [No title] |
| | The form of 4 debt involved in 6 banking gives rise to 2 a large proportion 6 of the money 8 in most industrialised 3 nations (see money and credit money for 7 a discussion of 7 this). | | | There is 4 therefore a complex 0 relationship between inflation, deflation, 8 the money supply, 2 and debt. | | | It 5 is for instance 9 common to agree 8 to "US dollar 8 denominated" debt. |
|
http://www.cleog.com
(1993 words)
|
|
| |
| | Credit Derivative Confirmation Specialist Jobs, USA |
| | As a Credit Derivative Confirmation Specialist you will draft and issue single name ISDA credit default swap confirmations, DJ CDX Index confirmations, and several other different types of exotic trade confirmations. | | | Derivatives jobs, Credit Derivative Confirmation Specialist job & industry related Structuring jobs in USA | | | Job Requirements: The candidate must have 2 – 3 years of experience in investment banking operations including 1 year of derivatives knowledge. |
|
http://jobs.efinancialcareers.com/job-4000000000117901.htm
(133 words)
|
|
| |
| | Quantifi - Credit Derivative Industry Links |
| | Data Sources Sources of real-time and historical data for Credit Derivatives. | | | Industry Associations Financial industry associations relevant to Credit Derivatives. | | | Web Resources On-line resources related to Credit Derivatives. |
|
http://www.quantifisolutions.com/links.php
(86 words)
|
|
| |
| | credit derivative - OneLook Dictionary Search |
| | Phrases that include credit derivative: credit derivative bond | | | Credit Derivative : AMEX Dictionary of Financial Risk Management [home, info] | | | We found 7 dictionaries with English definitions that include the word credit derivative: |
|
http://www.onelook.com/?w=credit+derivative
(104 words)
|
|
| |
| | Credit Derivative |
| | that is the conterparty holding the credits is paying, let say the issuer (like in the triangle transaction) a fixed coupong. | | | Is the repa that the parts go into, just an agreement that if some credits in the preagreed portfolio the conterparty must take the risk. |
|
http://www.contingencyanalysis.com/archive/archive99-3/00000144.htm
(59 words)
|
|
| |
| | Bobsguide - GFI: GFI Credit Derivative Portal |
| | Browser based access to bids, offers and actual trades from the #1 credit derivative broker. | | | Browse, contstruct, query and price portfolios using interactive tools or download data into MS Excel. |
|
http://www.bobsguide.com/guide/prod/5-1764.html
(53 words)
|
|
| |
| | Frequently Asked Questions Creative Commons |
| | If you are making a derivative use of a work licensed under one of our core licenses or under the Developing Nations license, in addition to the above, you need to you need to identify that your work is a derivative work, ie. | | | Another notable aspect is that globalisation is not only happening on the corporate level, its effects can also be observed in the areas of science and education and in other sectors of society where new models of fruitful cooperation have appeared. | | | The convergence of technologies and media also create multiple new possibilities for creating derivatives of existing works, eg. |
|
http://creativecommons.org/learnmore/faq
(7943 words)
|
|
| |
| | Credit Derivative book? |
| | Hi all, Can anyone suggest me a good Credit Derivative book? |
|
http://www.contingencyanalysis.com/archive/archive02-2/000061ad.htm
(11 words)
|
|
|
