信用衍生性商品CreditDerivatives.PPTVIP

信用衍生性商品(Credit Derivatives) Credit Risk Management 信用補強(Credit Enhancement) 1) Bond Insurance, Guarantees, and Letters of Credit 2) Embedded Put Options 3) Netting 4) Marking-to-Market 5) Collateralization 6) Termination or Reassignment 信用衍生性商品(Credit Derivatives) Credit Risk Securitization for Loans and High Yield Bonds Credit Derivatives Credit derivatives are contracts that pass credit risk from one counterparty to another. They allow credit risk to be stripped from loans and bonds and placed in a different market. Their performance is based on a credit spread, a credi