信用衍生产品的类型及用途

Credit Derivatives and Their Uses

现代金融市场两个最重要的发展是资产的证券化和衍生产品的大量使用,而信用衍生产品正是这二者的合理延伸。本文介绍了信用衍生产品的发展、类型、用途和定价方法,并指出信用衍生产品在我国有很大的发展潜力。

Two critical developments of the modern financial markets are the assets securitization and the widespread use of derivative products, and a reasonable extension of such developments is the credit derivative products. This paper offered an introduction to the development, variety, usage, and pricing methods of the credit derivative products and asserted that there is a great potential for their development in China.