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Type of Work7 pages
Citation of Original PublicationMorse, Joel N.; Jurenkova, Klara; Prasetiya, Andreas “Credit Derivatives,” Academy of Taiwan Business Management Journal, Vol.6, No. 3, August, 2010
The objective of this paper is to introduce credit derivatives and their uses in financial markets by institutional investors and corporate financial managers. First, the purpose of credit derivatives and their relationship to different types of credit risk will be explained. Next, several basic terms related to credit derivatives will be introduced, which will be followed by a typology of credit derivatives. Throughout the paper, current and potential uses of credit derivatives will be suggested.