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Credit default swaps course

Credit default swaps course
flexible workload of 4 to 360h
valid certificate in your country

What will I learn?

You will gain a thorough understanding of how credit default swaps are structured, priced, and traded in today's markets. The course covers credit risk fundamentals, CDS contract architecture, settlement mechanisms, and standard documentation. You will learn to compute par spreads, survival probabilities, and key risk sensitivities including CS01 and DV01. Trading strategies such as basis trades, curve trades, and portfolio overlays are covered in detail. The course also addresses CDS indices, tranched products, and the Gaussian copula framework. Regulatory topics including central clearing, margin requirements, and trade reporting are fully integrated throughout.

Elevify advantages

Develop skills

  • CDS Pricing and Valuation: Calculate par spreads and mark-to-market values using survival probability models.
  • Risk Sensitivity Analysis: Measure CS01, DV01, and jump-to-default exposure across CDS positions.
  • Structured Credit Products: Price index CDS and explain tranche mechanics including correlation risk.
  • Regulatory Compliance Navigation: Apply clearing mandates, capital requirements, and reporting obligations to CDS trading.

Suggested summary

Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload
Workload: between 4 and 360 hours

What our students say

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