From the Editors of Derivatives Week and Institutional Investor Books, this practical text answers: What is credit risk? How is it measured, managed and transferred around the market? What are single and multi-name credit derivatives, CDSs and other credit derivative products? How do these credit transfer instruments work? How are they valued? What are the techniques and rating for securitizations and synthetic securitizations? How do you evaluate the risk of loss? How are credit derivatives rated? What is the regulatory environment for these products? How are credit derivatives and securitizations treated under Basle II? With a complete glossary.