Credit derivatives: real winners of US corporate debacle

One of the Asian pioneers of credit derivatives explains why they are becoming an important part of the financial landscape.

Tan first used credit derivatives when he was at Keppel Corp and then more extensively at DBS where he ran proprietary credit investment. For the last year he was been studying the subject while on sabbatical at Yale University. Here he explains, why credit derivatives will be the long-term winners from the collapse of companies such as Enron, Kmart and Global Crossing.

Bull Run In Credit Derivatives

The credit derivatives market has exploded in recent years, with the global market for credit derivative contracts growing from about $50 billion in 1996 to more than $1.4 trillion today, a two-thirds increase on the previous year's survey Risk magazine's 2002 survey. By the end of...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222