Innovative financial instruments for credit risk management in conditions of globalization

Abstract

In an article in a systematic way, the basic theoretical approaches to the defi nition of the economic nature of credit derivatives, we propose a new defi nition and classifi cation of the fi nancial instrument. The analysis of the structure and main indicators of the OTC derivatives market (global and Russian). And also consider a number of problems hindering the development of Russian market of credit derivatives and put forward a list of tasks and measures for its improvement. The authors conclude that credit derivatives, for their users, are highly eff ective, innovative financial instruments to manage credit risk in the context of globalization.