Economics, Econometrics and Finance
5 years ago

Credit derivatives revolutionize risk management in banking industry.

Elsevier eBooks
Credit Derivatives
Brian A. Eales, Moorad Choudhry

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Credit derivatives are like insurance for investors to protect against companies not being able to pay back loans. They help banks manage risk by selling off parts of loans to others. If a company defaults, the seller of protection pays the buyer.