Credit Derivatives
(ตราสารอนุพันธ์เครดิต)
Definition
Credit Derivatives (ตราสารอนุพันธ์เครดิต) Hard Skill
Financial instruments used to transfer credit risk of underlying entities between parties, typically involving contracts whose value depends on the creditworthiness of a reference asset or entity.
Expertise Level
Level 1
Basic
1. Understands the basic concept of credit risk and credit derivatives.
2. Can identify common types of credit derivatives such as credit default swaps.
3. Recognizes the role of credit derivatives in risk management.
Level 2
Intermediate
1. Can analyze credit derivative contracts and their payoffs.
2. Understands pricing models for common credit derivatives.
3. Applies credit derivatives for hedging and portfolio management.
Level 3
Advanced
1. Designs complex credit derivative strategies tailored to specific risk profiles.
2. Evaluates counterparty risk and systemic implications of credit derivatives.
3. Integrates credit derivatives into advanced risk management and regulatory compliance frameworks.
