Review: CDS: A fairly good overview
Rating: 4 out of 5
Date: 06 23, 2014
This books gives reader an overview of Credit Default Swap (CDS) and explains how pretty straightforward this type of transaction can be. The writer provided some pertinent information on the 3 main types of credit events that are included as part of the standard CDS contact. Another noteworthy piece of information was the Bond Security and it's 5 classes ranging from Senior Secured to Junior Subordinated. This book, pretty much gives reader an understanding of how CDS works. More information could have been included though.