Credit and Exotics

Credit risk and default modelling, CDS mechanics, credit indices and correlation, then the taxonomy of exotic options, path-dependent payoffs and static replication.

What this track covers

1. 01
   Credit risk fundamentals
   From promised cashflows to probability-weighted cashflows.
   12 min
2. 02
   Default probabilities & recovery
   Hazard rates, survival curves and what you recover after default.
   12 min
3. 03
   CDS mechanics
   Premium payments in exchange for default protection.
   13 min
4. 04
   Credit indices, baskets & correlation
   Joint default, copulas and slicing portfolio credit risk.
   14 min
5. 05
   Exotic option taxonomy
   Mapping the zoo of payoffs beyond vanilla calls and puts.
   12 min
6. 06
   Barrier, binary, Asian & lookback options
   Path-dependent payoffs and how the path itself sets the payout.
   15 min
7. 07
   Static replication & model risk
   Rebuild exotic payoffs from vanillas, and where models break.
   12 min
8. Quiz
   Quiz · Credit and Exotics check
   10 questions across credit risk, CDS, correlation and exotics.
   10 min

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