To date, books focused on credit derivatives either have been written with only the trader or the treasurer in mind, with limited coverage of documentation and legal issues; or, where written for the legal practitioner, have covered only limited parts of the credit derivatives universe."Credit Derivatives: Documenting and Understanding Credit Derivative Products" examines the full spectrum of credit derivative transactions. This accessible new title explains, in straightforward terms, each type of credit derivative transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of funded and unfunded credit derivatives documentation, and provides a detailed guide to the 2003 ISDA Credit Derivatives Definitions.Featuring analysis on the 'new generation' of credit derivative products, the book also covers in the funded products arena, listing credit linked notes in the post-Prospectus Directive regime, issues relating to special purpose vehicles and the rating process.In addition, the title covers many historical and structural aspects of the credit derivatives market, as well as providing practical guidance on how to manage a major credit event affecting a diverse range of products in a credit derivatives portfolio.