CDS Delivery Option outlines new investment methods that can yieldbetter results in the credit default swap (CDS) market, the world's fastest-growing financial sector.
In this new title, Wall Street leader and award-winning author David Boberski takes readers step-by-step through a method he uses successfully to improve his returns from CDS investments (a credit default swap (CDS) is a bilateral contract under which two parties agree to identify and trade the credit risk of at least one third-party reference entity).
Boberski's method achieves something near and dear to financial professionals: increased pricing accuracy, in this case through careful analysis of one usually misunderstood and overlooked feature of credit default swaps - the delivery option.
David Boberski is currently executive director of exchange-traded derivatives at UBS. Previously, he served as managing director and head of interest-rate strategy at Bear Stearns, and vice president of futures research at Salomon Brothers. He lives in Westport, CT and works in New York City.