A Beginner’s Guide to Credit Default Swaps (Part 2)

Introduction Part 1 of the 'Beginner's Guide to Credit Default Swaps' was written in 2007. Since that time we have seen what many are calling the greatest financial crisis since the Great Depression, and a global recession. Rightly or wrongly, some of the blame for the crisis has been attributed to credit derivatives and speculation … Continue reading A Beginner’s Guide to Credit Default Swaps (Part 2)

A Beginner’s Guide to Credit Default Swaps (Part 1)

Introduction On our team at work we occasionally employ developers who know nothing about derivatives. It usually falls to me to give these guys a general introduction to the credit derivatives business. As part of that we usually have a session on what a credit default swap is and why it’s important. This article is … Continue reading A Beginner’s Guide to Credit Default Swaps (Part 1)