20: Credit Default Swaps
Lec 20-1: FT: Internationalization of the Euro
Lec 20-2: Credit indices
Lec 20-3: Fischer Black (1970), risk-free security
Lec 20-4: What is a Credit Default Swap (CDS)?
Lec 20-5: Corporate bonds
Lec 20-6: CDS pricing
Lec 20-7: Market making in CDS
Lec 20-8: Example: Negative basis trade and Liquidity Risk
Lec 20-9: Example: Private backstop of marketmaking in CDS
Lec 20-10: Example: Synthetic CDO as Collateral Prepayment