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Making Sense of Credit Default Swaps (CDS) For dates and locations click here.
Credit risk has existed since the first loan. This may account for the incredible growth of the credit default swap or CDS market – estimated at $40-$70 trillion in notional value – and lets someone trade the 'pure' credit risk embedded in so many different securities as a separate contract. While CDS is the bedrock product of the credit derivatives market, the interrelated nature and lack of transparency of the CDS market also has been blamed for the global credit crisis. Recent events, as well as initiatives by clearing platforms, have focused on creating greater transparency and on lowering systemic risk by migrating CDS from an OTC to an Exchange-traded model – where many transactions would be cleared through clearinghouses. Course: This one-day course will provide an overview of the CDS markets and how market participants use this product to express a view on a credit, or to hedge an undesirable credit risk. Compelling Topics Include:
Who Should Attend: Asset managers, hedge fund managers, firm and exchange staffs, and regulators. Level: Intermediate. A prior understanding of the bond market would be helpful, although not required. Los Angeles and San Francisco $550 Early-bird | $ 600 Standard registration Complimentary morning and afternoon refreshment breaks are provided. Lunch on own. To Register: online click here
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