Credit Default Swaps

Overview

Dive into the world of credit derivatives with a comprehensive course on Credit Default Swaps. This course unpacks the essential mechanics and terminology of CDS while guiding you through pricing dynamics, risk modeling, and real-world applications. Gain the skills to evaluate credit risk, calculate expected losses, and understand CDS valuation over time.

Course Highlights:

• Foundations of credit derivatives and CDS instruments

• Core terminology and structural mechanics

• Payoff structures and credit event triggers

• Physical vs. cash settlement processes

• CDS pricing fundamentals and spread analysis

• Modeling default probability and hazard rates

• Calculating expected loss and recovery

• Understanding upfront premiums and running spreads

• Post-inception valuation techniques

• Early termination scenarios

• Practical uses of CDS in trading, hedging, and risk management