Describes credit derivatives (CDs) and the beginning and meaning of this market with strengths and weaknesses. Wonders who should care most about CDs and gives the following examples: insurance companies; corporations; investors; and banks, giving full details of all, and stresses CDs make natural business sense for these users. Projects that CDs in an investment bank could fit in either of the areas of derivatives – fixed income and credit – and it could also fit in areas such as: mortgages; mergers and acquisitions – or project finance. Closes by stating that CDs are here to stay.
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