Structured Credit Products: Credit Derivatives and Synthetic Securitization

Rating:
Summary: Concise and practical
Review: In my view, Choudry's new book on credit derivatives and synthetic securization is simply the best book in the market (at the moment). The book is extremely readable, with fantastic examples using many illustrated examples of cash flows and samples of Bloomberg pages. The book targest clearly market practitionars, while it doesn't neglect aspects like pricings of those instruments (you don't need to be a quant to understand the technical part). The author begins with the basics of credit derivatives, it's use in the market, Basel I and II, market size etc. and leads to more and more detailed dicussions of how those new instruments are used (ink. termsheet examples). A huge amount of information comprised in a relatively small book of 400 pages.

Fantastic job Mr. Choudhry. Thank you!