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credit derivs trading
Hi, I'v seen a couple of job notices for positions in correlation trading within credit derivs...could someone tell me what correlation trading involves, specifically regarding credit derivatives?thanks for your help
credit derivs trading
your question is very broad !!try the duffie book "credit risk"
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- JabairuStork
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credit derivs trading
short answer: any credit portfolio products where payoff is contingent on the realization of the loss distribution.For example, First (or Nth) to default baskets, mono-tranche CSOs, certain types of credit linked notes, options on any of the above . . .