For information on the products and workings of the credit derivatives and CDO markets, this handbook is the resource to turn to. It explains products in plain language: credit swaps and swaptions, index products, spread options, CDOs, equity CDOs, CDOs "squared", etc. The mechanics of trades and settlement are explained. Trading strategies are illustrated with case studies. The authors are from a major dealer, so treat the book as consultative selling. The depth and quality of information is outstanding ...