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THE J.P. MORGAN GUIDE TO CREDIT DERIVATIVES
With Contributions from the RiskMetrics Group Published by
Contacts
NEW YORK Blythe Masters Tel: +1 (212) 648 1432 E-mail: masters_ blythe @jpmorgan .com
NEW YORK Sarah Xie Tel: +1 (212) 981 7475 E-mail: sarah.xie@riskmetrics .com
LONDON Jane Herring Tel: +44 (0) 171 2070 E-mail: herring_ jane@jpmorgan .com
LONDON Rob Fraser Tel: +44 (0) 171 842 0260 E-mail : rob. fraser @riskmetrics .com
Oldrich Masek Tel: +44 (0) 171 325 9758 E-mail: masek _oldrich @jpmorgan .com
TOKYO Muneto Ikeda Tel: +8 (3) 5573 1736 E-mail: ikeda_muneto@jpmorgan .com
Introduction
Credit Derivatives are continuing to enjoy major growth in the financial markets, aided and abetted by sophisticated product development and the expansion of product applications beyond price management to the strategic management of portfolio risk. As Blythe Masters, global head of credit derivatives marketing at J.P. Morgan in New York points out: “In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk”. With such intense and rapid product development Risk Publications is delighted to introduce the first Guide to Credit Derivatives, a joint project with J.P. Morgan, a pioneer in the use of credit derivatives, with contributions from the RiskMetrics Group, a leading provider of risk management research, data, software, and education. The guide will be of great value to risk managers addressing portfolio concentration risk, issuers seeking to minimise the cost of liquidity in the debt capital markets and investors pursuing assets that offer attractive relative value.
About J.P. Morgan
With roots in commercial, investment, and merchant banking, J.P.Morgan today is a global financial leader transformed in scope and strength. We offer sophisticated...