© 2009 by David Boberski. All rights reserved. Protected under the Berne Convention. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews. For information, please write: Permissions Department, Bloomberg Press, 731 Lexington Avenue, New York, NY 10022 or send an e-mail to [email protected].

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Library of Congress Cataloging-in-Publication Data

Boberski, David.

CDS delivery option: better pricing of credit default swaps / David Boberski.

p. cm.

Includes bibliographical references and index.

Summary: “David Boberski is executive director and head of exchange-traded derivative strategy within Prime Services at UBS Investment Bank. Institutional Investor has named Boberski to its All-American Fixed-Income Research Team for his work in federal agency debt and interest rate derivatives. This is Boberski’s second book”—Provided by publisher.

ISBN 978-1-57660-263-8 (alk. paper)

1. Credit derivatives. 2. Swaps (Finance) 3. Default (Finance) 4. Risk management. I. Title.

HG6024.A3B617 2009

332.63’2—dc22

2008041451