The credit risk and credit derivatives in funds/portfolio management (S-FC0011)

Mastering the concept of default risk, its importance in fund/portfolio management, the credit derivatives instruments, and markets, as well as their use in credit risk management.

• Default risk: credit vs counterparty risk.
• The 2 components of default risk, their qualification and quantification.
• Credit risk management: the use of credit derivatives CDS, TRS and others.
• The credit derivatives market.
• Valuation of a credit default and creditderivatives.