Credit Derivatives and
Synthetic Securitisation
Guide to Commoditisation of Credit Risk

By Vinod Kothari
July 2002 edition;
with updates upto May 2003

Overwhelmingly receieved World-over!

"Vinod Kothari never ceases to amaze me. Whereas other books and articles limit their approach to one angle, Vinod manages to cover all the relevant information in an easy to understand form. Any one of the chapters is worth the cover price alone!" - Luke Mellor, international trainer and expert on CDOs

Price USD 75 (Seventy five US dollars); Special price in India (not for export) Rs. 1250/-

Credit derivatives, a device of structured trading in credit risks, emerged around 1993 and in a short span of 8 years has attained a global volume of USD 1.5 trillion. Credit derivatives are today used in global banking to transfer risks, clone debt securities, structure and leverage positions on credit assets, etc.

Add to it the device of securitisation, and credit risk becomes a commodity for the capital markets.

Cohesive and comprehensive guide:

Vinod Kothari’s treatise is consistent and cohesive being written by a single author (except for 2 chapters by guest contributors) – a feature that multi-author anthologies are regrettably found lacking.

And it is comprehensive – picking up the essential conceptual threads of credit derivatives, the author takes you through the nitty-gritty of synthetic securitisation with the help of several recent, real-life case studies. The discussion includes a lucid easy-to-read exposition of the legal, tax and accounting rules, including the latest accounting standards FAS 133/ IAS 39.

The case studies have been selected to represent various types of synthetic CDOs from recent transactions – and each highlights the developing life cycle of the synthetic CDO product.

Highlights:

• Updated information on global developments till end-June 2002
• A unique FREE update service to keep you updated on developments up till December 31, 2002 (only for one person per copy bought.. updates upto Feb 2003 posted)
• Main author and Guest contributors elaborately discuss pricing of credit derivatives
• A comprehensive glossary of credit derivative terms
• Cross-referenced and richly annotated text
• Elaborate subject index.

Detailed contents: For detailed contents, click here

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Pay USD 100 (Price USD 75+ shipping USD 25); pay conveniently using your credit card

Deliveries started on 25th July 2002 and we got a tremendous initial response. We send the book by DHL; for most parts of the world, it takes not more than 7 days for the book to reach you.

Order by check/remittance

Though we strongly suggest payment by credit card, if you want to go the traditional way, send in an international banker's check for USD 100 favouring ACADEMY OF FINANCIAL SERVICES and mail it to the address below. Those ordering from within India can send a check for Rs 1400/- (includes Rs 150 for forwarding).

Vinod Kothari
1012 Krishna
224 AJC Bose Road
Calcutta 700 017
India
Phone 91-33-23233863/ 23233864
fax: 91-33-23233863

or see contact information

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