The Structured Credit Handbook / Wiley Finance Editions (PDF)

The Structured Credit Handbook is a comprehensive
introduction to all types of credit-linked financial instruments.
This book provides state-of-the-art primers on single tranche
collateralized debt obligations (CDOs), collateralized loan
obligations (CLOs), credit derivatives (such as credit default
swaps and swaptions), and iBoxx indexes. Filled with in-depth
insight and expert advice, The Structured Credit Handbook covers
all aspects of the synthetic arbitrage CDO market, including new
instruments such as CDO2. Readers will also gain a firm
understanding of the investment rationale, risks, and rewards
associated with CDO investments through this valuable resource.

The exploding use of credit derivatives and collateralized debt
obligations (CDOs) has transformed the world of credit, creating an
$18 trillion market almost overnight and resulting in innumerable
investment and career opportunities globally. The Structured
Credit Handbook provides the reader with a comprehensive and
clear roadmap to today's new credit landscape. The full spectrum of
structured credit products, from single-name CDS to CDOs, is
explained in a simple, clear fashion that is free from the
financial jargon and mathematical complexity which characterize
many other derivative texts. The handbook begins with an in-depth
explanation of the building blocks of the structured credit
markets, single-name default swaps and indexes, and it culminates
with complex products such as credit options, synthetic tranches,
CDOs based on bank loans and asset-backed securities, and
CDO-squareds.

Written by experienced practitioners who have participated in
this market since its infancy, each of the thirteen chapters
introduces and analyzes a new product and explains its practical
applications. A rich set of real-life case studies illustrate the
application of each product in a concrete market setting. The book
may be used in a semester-long course on structured credit as part
of a business or finance curriculum. Whether you are a market
professional, a university student or faculty member, or simply a
financially savvy layperson, look no further for an up-to-date and
thorough introduction to this rapidly growing and exciting
field.

Dr. Arvind Rajan, Managing Director, Citigroup Global Markets,
is engaged in proprietary trading of Structured Credit products,
and until recently, was global head of Structured Credit Research
and Strategy at Citigroup. Glen McDermott (New York, NY) is
Director of Fixed Income Sales and the former head of CDO Research
at Citigroup Global Markets Inc. Ratul Roy is head of CDO Strategy
for Citigroup Global Markets and has spent the prior nine years in
structuring or analyzing CDOs and other structured credit
products.