Credit Derivatives: Law, Regulation and Accounting Issues

Credit Derivatives are the newest product in the derivatives field. They offer investors a means of risk management through complex financial structures, whether by protection against changes in credit worth or by speculation on credit worth.This work brings together the expert knowledge of a number of professionals in the field in order to address the legal, accounting and risk context of credit derivatives. It assesses, in detail, not only structuring issues, questions raised by the documentation of transactions, and complex risk assessment, but also issues as diverse as the taxation of these products, particular questions relating to sovereign issuers and accounting for credit derivatives.Key areas covered include:* What credit derivatives are* What specific legal issues they engender* How the standard market agreements work* How their tax and accounting works* How credit derivatives relate to other legal issues surrounding ordinary derivatives, along with recent case law on derivativesHudson, Alastair is the author of 'Credit Derivatives: Law, Regulation and Accounting Issues', published 1999 under ISBN 9780421672901 and ISBN 0421672900.