the superior instrument regarding hedging systematic market component risk on single-name and portfolio level. Finally, an …

development of the credit derivatives market. In the past, financial institutions merely had the possibility to manage their … credit derivatives, risk management has received a broad range of possibilities to transfer credit risk easily without … affecting the credit relationship. In other words, credit derivatives enable the separation of credit risk from the original …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk … credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still …

for financial institutions. At the same time, the use and thevaluation of credit derivatives has been widely criticised as … a result of the crisis. Over the pastdecade, credit derivatives emerged as an important part of credit risk management … derivatives no longer seems to bean appropriate alternative. However, correct valuation of these derivatives is still challenging …

development of the credit derivatives market. In the past, financial institutions merely had the possibility to manage their … credit derivatives, risk management has received a broad range of possibilities to transfer credit risk easily without … affecting the credit relationship. In other words, credit derivatives enable the separation of credit risk from the original …