Structured Products and Related Credit Derivatives: A Comprehensive Guide for Investors

Foreword

Innovation has been the hallmark of the structured products market since its inception in the mid-1980s. Frank Fabozzi is an acknowledged expert in this space, having witnessed the growth, development, and reach of this market. Along the way, he has assembled some of the most talented analysts in the structured products market to contribute their insight and experience. His efforts over the years have produced the most prolific fixed income reference library in existence today.

Now, in cooperation with Frank Fabozzi, Brian Lancaster and Glenn Schultz and other members of the Structured Products Research team at Wachovia Capital Markets, LLC have produced Structured Products and Related Credit Derivatives. This book presents a comprehensive overview of both the assets and the structures used to finance these assets in the capital markets.

At Wachovia, our overall goal in research is to give investors the full 360 and a balanced perspective on the opportunities and risks embedded in each of our investment recommendations. To that end, we strongly encourage our analysts across the capital structure to collaborate with one another and to share information.

This book was written over a time frame that spans the pinnacle of the structured products market through to its most challenging period. Such roller coaster volatility has crystallized the interdependence of the markets and the benefits of Wachovia's holistic approach.

The use of structured products by consumer finance, ...