Unit 2: Swaps & Interest Rate Futures
Introduction to Swaps
Exchanging Cash Flows A swap is a derivative contract where two parties agree to exchange cash fl...
Understanding Credit Default Swaps (CDS)
Insurance Against Default A Credit Default Swap (CDS) is essentially an insurance policy against ...
CDS: Forwards and Options
Extending the CDS Toolkit While a standard Credit Default Swap (CDS) provides ongoing protection ...
Interest Rate Derivatives
Futures, Caps, Floors, and FRAs This topic covers several instruments used to manage interest rat...