Credit derivatives are contracts that transfer an asset's risk and return from one counter- party to another without transferring owner-. "In The Credit Derivatives Handbook, some of the world's sharpest financial and legal minds come together to discuss how credit derivatives have evolved The world's leading financial thinkers share their insights into the latest developments in credit derivatives In The Credit Derivatives Handbook,The Handbook of Credit Derivatives provides in-depth, expert analysis of these multi-faceted financial structures, written by the most influential figures Simply put, credit derivatives are fundamentally changing the way banks price, manage, transact, originate, distribute, and account for credit risk. Yet, in. "[The Credit Derivatives Handbook] presents a rigorous examination of the design, pricing, and use of credit derivatives. It combines an impressive breath of From the late 1990s, the spectacular growth of a secondary market for credit through derivatives has been matched by the emergence of mathematical modelling