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Jack Farmer
Learn about Credit Default Swaps (CDS), and the basic information such as bankruptcy; restructuring; hazard rate; survival probability; credit spread; and other factors used in pricing and trading credit default products. We will also present some of the mathematical formulations and their applications to trading CDS.
As mentioned, the CDS market has grown drastically, and many new products and indices have been introduced. We will discuss some of these products and indices, and help you to get an overview of this exciting and somewhat complicated market today.
Read more
Learn about Credit Default Swaps (CDS), and the basic information such as bankruptcy; restructuring; hazard rate; survival probability; credit spread; and other factors used in pricing and trading credit default products. We will also present some of the mathematical formulations and their applications to trading CDS.
As mentioned, the CDS market has grown drastically, and many new products and indices have been introduced. We will discuss some of these products and indices, and help you to get an overview of this exciting and somewhat complicated market today.
Read more
Learn about Credit Default Swaps (CDS), and the basic information such as bankruptcy; restructuring; hazard rate; survival probability; credit spread; and other factors used in pricing and trading credit default products. We will also present some of the mathematical formulations and their applications to trading CDS.
As mentioned, the CDS market has grown drastically, and many new products and indices have been introduced. We will discuss some of these products and indices, and help you to get an overview of this exciting and somewhat complicated market today.
We're going to wrap up this course by going through a brief overview of asset swaps and the basic structure of them. The examples of asset swaps and their applications will be discussed.
What you'll learn
-
Explain Credit Default Swaps (CDS) and their importance in finance.
-
Describe CDS, their basic parameters, and their valuations.
-
Understand how to apply CDS to investment, hedging, and structuring.
-
Understand CDS, Credit Default Swap Index (CDX), and various other indices created to meet financial needs.
Understand Asset Swaps and their applications.
Register for this course and see more details by visiting:
OpenCourser.com/course/jndqxh/fx
What's inside
Syllabus
Module 01: Foreign Exchange Markets
Lesson 01: Overview
Lesson 02: Managing FX Risk
Module 02: Foreign Exchange Forwards and Futures
Read more
Syllabus
Module 01: Foreign Exchange Markets
Lesson 01: Overview
Lesson 02: Managing FX Risk
Module 02: Foreign Exchange Forwards and Futures
Read more
Lesson 02: Deliverable and Non-Deliverable Forwards
Module 03: FX Swaps and Cross Currency Swaps
Module 04: Swaps and CDS
Lesson 01: Interest Rate Derivatives: Futures
Lesson 02: Asset Swaps
Lesson 03: Credit Derivative
Lesson 04: Portfolio Credit Default Swap
Lesson 05: Credit Indices
Module 05: Case Study
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Helps students understand Credit Default Swaps (CDS) and other financial instruments, preparing them for careers in the finance industry
Taught by Jack Farmer, an expert in credit derivative products
Covers a range of topics related to CDS, including pricing, trading, and applications in investment and hedging
Provides a comprehensive overview of the CDS market, including its history, growth, and the development of new products and indices
Includes a module on asset swaps, providing a foundation for understanding more complex financial instruments
This course is suitable for professionals in the finance industry, including portfolio managers, investment analysts, and risk managers
Save this course
Save FX Markets Derivatives, Cross Currency Swaps, and Credit Derivatives to your list so you can find it easily later:
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Save
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in FX Markets Derivatives, Cross Currency Swaps, and Credit Derivatives with these
activities:
Review Basic Probability Concepts
Show steps
Review foundational probability concepts to strengthen the understanding of the advanced concepts that will be covered in the course.
Browse courses on
Probability
Show steps
-
Go through notes or textbooks on basic probability concepts.
-
Practice solving simple probability problems.
Explore CDS Market Trends
Show steps
Follow online tutorials and articles to stay updated on the latest developments and trends in the CDS market.
Browse courses on
Market Analysis
Show steps
-
Identify reputable financial news sources and industry blogs.
-
Subscribe to email alerts or RSS feeds for relevant topics.
-
Review and analyze market commentaries and research reports.
CDS Valuation Calculations
Show steps
Engage in repetitive practice of CDS valuation calculations to enhance comprehension and accuracy.
Browse courses on
Credit Default Swaps
Show steps
-
Set up a spreadsheet or use a financial calculator.
-
Input the necessary parameters, such as recovery rate, hazard rate, and time to maturity.
-
Calculate the CDS spread and premium.
Four other activities
Expand to see all activities and additional details
Show all seven activities
CDS Industry Blog Post
Show steps
Write a blog post that discusses a specific topic or trend in the CDS industry, demonstrating understanding and critical thinking.
Show steps
-
Identify a relevant and engaging topic.
-
Research and gather information from credible sources.
-
Develop a clear and well-structured outline.
-
Write the blog post, ensuring accuracy, conciseness, and readability.
-
Proofread and edit the post carefully before publishing.
Non-Profit Credit Risk Assessment
Show steps
Volunteer to assist a non-profit organization with assessing the creditworthiness of potential borrowers.
Browse courses on
Credit Risk Assessment
Show steps
-
Contact local non-profit organizations and inquire about volunteer opportunities.
-
Review the organization's financial statements and other relevant documents.
-
Analyze the organization's financial health and creditworthiness.
-
Prepare a report summarizing your findings and recommendations.
-
Present your findings to the organization's management team or board of directors.
CDS Pricing Model Presentation
Show steps
Develop a comprehensive presentation that explains the concepts and applications of a specific CDS pricing model.
Browse courses on
Presentation
Show steps
-
Choose a suitable CDS pricing model.
-
Research and gather data on relevant factors.
-
Build the pricing model using appropriate software or tools.
-
Create presentation slides that clearly explain the model and its implications.
-
Practice presenting the model to peers or colleagues for feedback.
CDS Trading Simulation
Show steps
Participate in a simulated CDS trading competition to apply knowledge and strategies in a realistic environment.
Show steps
-
Join an online or in-person CDS trading simulation platform.
-
Develop a trading strategy based on market analysis.
-
Monitor market conditions and execute trades accordingly.
-
Evaluate performance, adjust strategy, and seek feedback from experts.
Review Basic Probability Concepts
Show steps
Review foundational probability concepts to strengthen the understanding of the advanced concepts that will be covered in the course.
Browse courses on
Probability
Show steps
Show steps
Show steps
- Go through notes or textbooks on basic probability concepts.
- Practice solving simple probability problems.
Explore CDS Market Trends
Show steps
Follow online tutorials and articles to stay updated on the latest developments and trends in the CDS market.
Browse courses on
Market Analysis
Show steps
Show steps
Show steps
- Identify reputable financial news sources and industry blogs.
- Subscribe to email alerts or RSS feeds for relevant topics.
- Review and analyze market commentaries and research reports.
CDS Valuation Calculations
Show steps
Engage in repetitive practice of CDS valuation calculations to enhance comprehension and accuracy.
Browse courses on
Credit Default Swaps
Show steps
Show steps
Show steps
- Set up a spreadsheet or use a financial calculator.
- Input the necessary parameters, such as recovery rate, hazard rate, and time to maturity.
- Calculate the CDS spread and premium.
Four other activities
Expand to see all activities and additional details
Show all seven activities
CDS Industry Blog Post
Show steps
Write a blog post that discusses a specific topic or trend in the CDS industry, demonstrating understanding and critical thinking.
Show steps
Show steps
Show steps
- Identify a relevant and engaging topic.
- Research and gather information from credible sources.
- Develop a clear and well-structured outline.
- Write the blog post, ensuring accuracy, conciseness, and readability.
- Proofread and edit the post carefully before publishing.
Non-Profit Credit Risk Assessment
Show steps
Volunteer to assist a non-profit organization with assessing the creditworthiness of potential borrowers.
Browse courses on
Credit Risk Assessment
Show steps
Show steps
Show steps
- Contact local non-profit organizations and inquire about volunteer opportunities.
- Review the organization's financial statements and other relevant documents.
- Analyze the organization's financial health and creditworthiness.
- Prepare a report summarizing your findings and recommendations.
- Present your findings to the organization's management team or board of directors.
CDS Pricing Model Presentation
Show steps
Develop a comprehensive presentation that explains the concepts and applications of a specific CDS pricing model.
Browse courses on
Presentation
Show steps
Show steps
Show steps
- Choose a suitable CDS pricing model.
- Research and gather data on relevant factors.
- Build the pricing model using appropriate software or tools.
- Create presentation slides that clearly explain the model and its implications.
- Practice presenting the model to peers or colleagues for feedback.
CDS Trading Simulation
Show steps
Participate in a simulated CDS trading competition to apply knowledge and strategies in a realistic environment.
Show steps
Show steps
Show steps
- Join an online or in-person CDS trading simulation platform.
- Develop a trading strategy based on market analysis.
- Monitor market conditions and execute trades accordingly.
- Evaluate performance, adjust strategy, and seek feedback from experts.
Career center
Learners who complete FX Markets Derivatives, Cross Currency Swaps, and Credit Derivatives will develop knowledge and skills
that may be useful to these careers:
Credit Analyst
Credit Analyst
A Credit Analyst is responsible for analyzing the creditworthiness of individuals and companies. They use their knowledge of financial markets and instruments, such as credit default swaps (CDS), to assess the risk of default and make recommendations on lending decisions. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other credit derivatives.
Risk Manager
Risk Manager
A Risk Manager is responsible for identifying, assessing, and managing financial risks for a company. They use their knowledge of financial markets and instruments to develop strategies to mitigate risk and protect the company's financial health. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS and other credit derivatives, as well as how to use them to manage risk.
Portfolio Manager
Portfolio Manager
A Portfolio Manager is responsible for managing investment portfolios for individuals and institutions. They use their knowledge of financial markets and instruments to make investment decisions that aim to meet the client's financial goals. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS and other credit derivatives, as well as how to use them to manage risk and enhance returns.
Financial Analyst
Financial Analyst
A Financial Analyst is responsible for analyzing financial data and making recommendations on investment decisions. They use their knowledge of financial markets and instruments to identify undervalued securities and make investment recommendations. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS and other credit derivatives, as well as how to use them to analyze risk and identify investment opportunities.
Financial Consultant
Financial Consultant
A Financial Consultant is responsible for providing financial advice to individuals and businesses. They use their knowledge of financial markets and instruments, such as CDS, to help clients make informed financial decisions. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Venture Capitalist
Venture Capitalist
A Venture Capitalist is responsible for investing in early-stage companies with high growth potential. They use their knowledge of financial markets and instruments, such as CDS, to identify undervalued companies and make investment decisions that aim to generate superior returns. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Economist
Economist
An Economist is responsible for studying and analyzing economic data to make predictions about the future of the economy. They use their knowledge of financial markets and instruments, such as CDS, to understand the impact of economic events on financial markets and make recommendations on economic policy.
Compliance Officer
Compliance Officer
A Compliance Officer is responsible for ensuring that a company complies with all applicable laws and regulations. They use their knowledge of financial markets and instruments, such as CDS, to identify and mitigate compliance risks. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Insurance Underwriter
Insurance Underwriter
An Insurance Underwriter is responsible for assessing and managing the risk of insurance policies. They use their knowledge of financial markets and instruments, such as CDS, to determine the likelihood of a claim being made and set the appropriate premium. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Hedge Fund Manager
Hedge Fund Manager
A Hedge Fund Manager is responsible for managing hedge funds, which are investment funds that use a variety of strategies to generate profit. They use their knowledge of financial markets and instruments, such as CDS, to make investment decisions that aim to generate superior returns. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Private Equity Investor
Private Equity Investor
A Private Equity Investor is responsible for investing in private equity funds, which are investment funds that invest in private companies. They use their knowledge of financial markets and instruments, such as CDS, to identify undervalued companies and make investment decisions that aim to generate superior returns. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Derivatives Trader
Derivatives Trader
A Derivatives Trader is responsible for buying and selling derivatives, such as CDS, options, and futures. They use their knowledge of financial markets and instruments to identify trading opportunities and execute trades that aim to generate profit. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other derivatives.
Quantitative Analyst
Quantitative Analyst
A Quantitative Analyst is responsible for developing and using mathematical models to analyze financial data and make investment decisions. They use their knowledge of financial markets and instruments to create models that can identify undervalued securities and make investment recommendations. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS and other credit derivatives, as well as how to use them to develop and use mathematical models.
Actuary
Actuary
An Actuary is responsible for assessing and managing financial risks for insurance companies and other financial institutions. They use their knowledge of financial markets and instruments, such as CDS, to develop and implement strategies to mitigate risk and protect the company's financial health. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS pricing and trading, as well as other financial instruments.
Investment Banker
Investment Banker
An Investment Banker is responsible for advising companies on mergers and acquisitions, capital raising, and other financial transactions. They use their knowledge of financial markets and instruments to structure and execute transactions that meet the client's financial goals. This course will help you develop the skills and knowledge necessary to succeed in this role, including an understanding of CDS and other credit derivatives, as well as how to use them to structure and execute transactions.
For more career information including salaries, visit:
OpenCourser.com/course/jndqxh/fx
Reading list
We've selected six books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
FX Markets Derivatives, Cross Currency Swaps, and Credit Derivatives.
Provides a comprehensive overview of the credit derivatives market, including CDS, CLNs, and other related products. It valuable resource for anyone who wants to learn more about these complex financial instruments.
Provides a comprehensive overview of the credit risk modeling process, including the use of CDS and other credit derivatives. It valuable resource for anyone who wants to learn more about this important topic.
This textbook provides a comprehensive overview of the options, futures, and derivatives markets. It valuable resource for anyone who wants to learn more about these complex financial instruments.
This textbook provides a comprehensive overview of the derivatives market. It valuable resource for anyone who wants to learn more about these complex financial instruments.
This textbook provides a comprehensive overview of the fixed income securities market. It valuable resource for anyone who wants to learn more about these complex financial instruments.
This textbook provides a comprehensive overview of the financial risk management process. It valuable resource for anyone who wants to learn more about this important topic.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/jndqxh/fx
Share
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Effort
1 to 2 hours per week for 3 weeks
Level
Introductory
Via
edX
Institution
New York Institute of Finance
Instructor
Jack Farmer
Language
English
Transcripts
English
Español
Français
Português
Deutsch
中文
العربية
हिंदी
Türkçe
తెలుగు
Bahasa Indonesia
Kiswahili
This course belongs to a
collection
called
Derivatives. It's comprised of six courses:
- Forwards and Futures
- Derivatives Professional Certificate Examination
- Swaps Fundamentals
- FX Markets Derivatives, Cross Currency Swaps, and Credit Derivatives (viewing)
- Option Contracts, Participants, Strategies, and Pricing
- Greeks, American Options and Volatility
Good to know
Helps students understand Credit Default Swaps (CDS) and other financial instruments, preparing them for careers in the finance industry
Taught by Jack Farmer, an expert in credit derivative products
Covers a range of topics related to CDS, including pricing, trading, and applications in investment and hedging
Provides a comprehensive overview of the CDS market, including its history, growth, and the development of new products and indices
Includes a module on asset swaps, providing a foundation for understanding more complex financial instruments
This course is suitable for professionals in the finance industry, including portfolio managers, investment analysts, and risk managers
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