The credit risk market is the fastest growing financial market in the world‎,‎ attracting everyone from hedge funds to banks and insurance companies‎.‎ Increasingly‎,‎ professionals in corporate finance need to understand the workings of the credit risk market in order to successfully manage risk in their own organizations‎;‎ in addition‎,‎ some wish to move into the field on a full‎-time basis‎.‎ Most books in the field‎,‎ however‎,‎ are either too academic for working professionals‎,‎ or written for those who already possess extensive experience in the area‎.‎ Credit Derivatives fills the gap‎,‎ explaining the credit risk market clearly and simply‎,‎ in language any working financial professional can understand‎.‎ Harvard Business School faculty member George C‎.‎ Chacko and his colleagues begin by explaining the underlying principles surrounding credit risk‎.‎ Next‎,‎ they systematically present today‎'‎s leading methods and instruments for managing it‎.‎ The authors introduce total return swaps‎,‎ credit spread options‎,‎ credit linked notes‎,‎ and other instruments‎,‎ demonstrating how each of them can be used to isolate risk and sell it to someone willing to accept it‎.‎