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.

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