Basics of Credit Derivatives

An easy-to-read primer on meaning, types and basics of credit derivatives Credit Derivatives- a primer
A detailed reference with discussion on issues Credit Derivatives: Detailed referencer

Credit Derivatives: Market Info and awareness 

Credit derivatives markets in different countries Market data and developments
Regularly updated news on credit derivatives News and developments
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Knowledge base

A rich collection of articles on credit derivatives Vinod Kothari's book on Credit Derivatives and CDOs
A rich collection of articles on credit derivatives Articles on Credit Derivatives
An easy-to-read primer on meaning, types and basics of credit derivatives Workshop on Credit derivatives
Regulatory statements on credit derivatives in different countries Regulations on credit derivatives
Important links on credit derivatives Links  
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Credit derivative developments in Australia

More on credit derivatives in Australia

  • Here is an article describing the growing popularity of synthetic transactions in Australia- click here
  • Regulatory guidelines of APRA are linked on our page here
  • We hold training workshops in Australia on credit derivatives and synthetic securitization in Australia - for any interest in public or private training event, do write back

 

A March 2000 article estimated the Australian credit derivatives market to be worth A$ 2 billion to A$ 5 billion.

The Australian Financial Markets Association (AFMA) has been publishing figures of credit derivatives volumes of respondent banks for the last 2 years. For the year 1999-2000, the AFMA survey posted an aggregate notional value of A$18.43 billion being transacted in the domestic OTC markets. In year 2000-1, there was a near 50% jump up in the volumes and the total volume recorded was A$ 27.6 billion.

The results of the AFMS survey are given by the following table:

By nature and domicile, the transactions have been classified as under: By tenure, the transactions are classified as under:

The market is highly concentric, since top 4 respondents took 100% of the market in year 1999-00 and 98.39% in year 2000-1. The Australian Prudential Regulatory Authority has come out with regulatory guidelines on credit derivatives which are discussed in our Chapter on Regulatory issues.