Credit Risk Instruments

Overview

• Fixed Income - all non-sovereign debt includes an element of credit risk.
  • High Yield and Junk
  • Distressed Debt
  • Leveraged Loans
• Credit Products
  • Credit Default Swaps - A credit default swap is a kind of insurance. Essentially, it pays the holder of the swap in the case that a predefined fixed income instrument or loan defaults.
  • Credit Linked Note