Credit derivatives have groww to become one of the largest and most important segments of the financial markets with deal volumes now in trillions of dollarss.they have become an important tool for bank financial institutions and corporate who desire greater flexibility in managing their credit risk and economic capital. This book is an accessible introduction to the various types of credit derivative instruments traded in the markets today. Topics covered include credit risk, unfunded credit derivatives, funded credit derivatives, credit default swap pricing and the asset-swap credit default swap basis