{"product_id":"9780470885260","title":"CDS Delivery Option: Better Pricing of Credit Default Swaps","description":"For traders trying to navigate the increasingly volatile credit default swap market, \u003ci\u003eCDS Delivery Option\u003c\/i\u003e provides worked-out examples, over 30 charts, a case study of Delphi, and detailed explanations of how the subprime crisis caused the credit crisis and the near collapse of the GSEs.  The book includes detailed information on: \u003cul\u003e \u003cli\u003ehow to value a CDS contract\u003c\/li\u003e \u003cli\u003ehow to value the delivery option\u003c\/li\u003e \u003cli\u003ehow contract value changes when the yield curve flattens or becomes steeper\u003c\/li\u003e \u003cli\u003ehow contract value changes with bullish or bearish market moves\u003c\/li\u003e \u003cli\u003ehow to figure out when to buy protection and when to sell protection\u003c\/li\u003e \u003cli\u003ehow to hedge CDS risk\u003c\/li\u003e \u003cli\u003ewhen and how to unwind a contract prior to settlement\u003c\/li\u003e \u003cli\u003ewhen to hold a trade through delivery\u003c\/li\u003e \u003cli\u003ehow to navigate a \"squeeze\" (when the notional value of contracts going through delivery is larger than the supply of the cheapest-to-deliver issue)\u003c\/li\u003e \u003cli\u003ewhen buying contracts can make their prices go down\u003c\/li\u003e \u003cli\u003ehow to construct a basis trade\u003c\/li\u003e \u003cli\u003ehow to find arbitrage opportunities\u003c\/li\u003e \u003cli\u003ehow to analyze default probability and corporate debt\u003c\/li\u003e \u003cli\u003ewhen to settle via auction and when to settle via physical delivery\u003c\/li\u003e \u003cli\u003ewhich note is the cheapest to deliver\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis book is an indispensable resource for all market professionals working in the CDS market.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47111125991664,"sku":"9780470885260","price":47.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780470885260_p0.jpg?v=1763706562","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780470885260","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}