信用衍生产品与商业银行风险管理

信用衍生产品是国际互换和衍生品协会(ISDA)于1992年创造的新名词,它是一种使信用风险从其他风险中分离出来,并从一方转让给另一方的合约。它的出现,为商业银行提供了一种崭新的信用风险管理方式。介绍了信用衍生产品的概念和种类,并详述其在商业银行风险管理中的应用。

Credit Derivatives and Risk Management of Commercial Bank

In 1992 ISDA created a new word-credit derivatives, which are the contracts separating the credit risk from other risks and transferring it. Credit derivatives provide commercial banks with a new way to manage credit risk. This paper gives an introduction to the conception and category of credit derivatives, and expands on the application of it in commercial bank risk management.