Moorad Choudhry is Chief Executive Officer, Habib Bank Zurich PLC in London, and Visiting Professor at the Department of Mathematical Sciences, Brunel University. Previously he was Head of Treasury of the Corporate Banking Division, Royal Bank of Scotland. Prior to joining RBS, he was a bond trader and structured finance repo trader at KBC Financial Products, ABN Amro Hoare Govett Limited and Hambros Bank Limited. He has a PhD from Birkbeck, University of London and an MBA from Henley Business School. Moorad lives in Surrey, England.

"An excellent, high-quality account of one of the most important areas of the debt capital and corporate credit markets today." --Didier Joannas, SunGard, Hong Kong"The rapid growth of the credit derivatives markets has been accompanied by similar output in the related literature. For clarity, accessibility, relevance and detail, this is easily the best addition to this literature." --Abukar Ali, Bloomberg L.P.

• 1. Credit Risk2. Credit Derivative Instruments: Part I3. Credit Derivative Instruments: Part II4. Credit Derivative Instruments: Part III5. Credit Derivatives Pricing and Valuation6. Credit Default Swap Pricing7. The Asset Swap-Credit Default Swap Basis

Moorad Choudhry is Chief Executive Officer, Habib Bank Zurich PLC in London, and Visiting Professor at the Department of Mathematical Sciences, Brunel University. Previously he was Head of Treasury of the Corporate Banking Division, Royal Bank of Scotland. Prior to joining RBS, he was a bond trader and structured finance repo trader at KBC Financial Products, ABN Amro Hoare Govett Limited and Hambros Bank Limited. He has a PhD from Birkbeck, University of London and an MBA from Henley Business School. Moorad lives in Surrey, England.

"An excellent, high-quality account of one of the most important areas of the debt capital and corporate credit markets today." --Didier Joannas, SunGard, Hong Kong"The rapid growth of the credit derivatives markets has been accompanied by similar output in the related literature. For clarity, accessibility, relevance and detail, this is easily the best addition to this literature." --Abukar Ali, Bloomberg L.P.

• 1. Credit Risk2. Credit Derivative Instruments: Part I3. Credit Derivative Instruments: Part II4. Credit Derivative Instruments: Part III5. Credit Derivatives Pricing and Valuation6. Credit Default Swap Pricing7. The Asset Swap-Credit Default Swap Basis