Tan first used credit derivatives when he was at Keppel Corp and then more extensively at DBS where he ran proprietary credit investment. For the last year he was been studying the subject while on sabbatical at Yale University. Here he explains, why credit derivatives will be the long-term winners from the collapse of companies such as Enron, Kmart and Global Crossing.
Bull Run In Credit Derivatives
The credit derivatives market has exploded in recent years, with the global market for credit derivative contracts growing from about $50 billion in 1996 to more than $1.4 trillion today, a two-thirds increase on the previous year's survey Risk magazine's 2002 survey. By the end of...
