Credit derivatives and their impact on the financial industry -- Assets, liabilities, the trading book, and the banking book -- Information requirements for issuers and users of credit derivatives -- Credit derivatives, transparency, and collateralization -- Fund managers and credit derivatives markets -- Asset swaps, total return swaps, and default swaps -- Credit-linked instruments, structured notes, and credit-enhanced ventures -- Credit spreads, credit options, and debt options -- Credit derivatives and catastrophe insurance -- New derivatives instruments, hedging policies, and credit rating agencies -- The art of modeling credit risk and its analytics -- Building improved versions of acra and other credit models -- Riskmetrics, creditmetrics, and creditrisk+ -- Risk adjusted return on capital, creditportfolioview, and the loan analysis system -- Value at risk

1. Credit derivatives