• Length:
    3 Weeks
  • Effort:
    1–2 hours per week
  • Price:
    $215 USD
  • Institution
  • Subject:
  • Level:
  • Language:
  • Video Transcript:
  • Course Type:
    Self-paced on your time

Associated Programs:


• Intermediate MS Excel skills (use solver, etc.)

• Basic probability

• Basic calculus

• Some knowledge of equity markets

Knowledge of fixed income basics

About this course

Skip About this course

Learn about Credit Default Swaps (CDS), and the basic information such as bankruptcy; restructuring; hazard rate; survival probability; credit spread; and other factors used in pricing and trading credit default products. We will also present some of the mathematical formulations and their applications to trading CDS.

As mentioned, the CDS market has grown drastically, and many new products and indices have been introduced. We will discuss some of these products and indices, and help you to get an overview of this exciting and somewhat complicated market today.

We're going to wrap up this course by going through a brief overview of asset swaps and the basic structure of them. The examples of asset swaps and their applications will be discussed.

What you'll learn

Skip What you'll learn
  • Explain Credit Default Swaps (CDS) and their importance in finance.

  • Describe CDS, their basic parameters, and their valuations.

  • Understand how to apply CDS to investment, hedging, and structuring.

  • Understand CDS, Credit Default Swap Index (CDX), and various other indices created to meet financial needs.

Understand Asset Swaps and their applications.

Module 01: Foreign Exchange Markets

Lesson 01: Overview

Lesson 02: Managing FX Risk

Module 02: Foreign Exchange Forwards and Futures

Lesson 01: Overview

Lesson 02: Deliverable and Non-Deliverable Forwards

Module 03: FX Swaps and Cross Currency Swaps

Module 04: Swaps and CDS

Lesson 01: Interest Rate Derivatives: Futures

Lesson 02: Asset Swaps

Lesson 03: Credit Derivative

Lesson 04: Portfolio Credit Default Swap

Lesson 05: Credit Indices

Module 05: Case Study

Meet your instructors

Jack Farmer
New York Institute of Finance