Credit Risk Modeling using Excel and VBA

This text does an excellent job of outlining the principles of credit risk modeling and provides clear cut examples in the support material... they don't make them like this anymore

Excellent book!!!! Let me tell you a story. I am a credit risk manager for a local investment company (subsidiary of a global fund) and my background is into corporate finance and proj.fin modelling. Since my background is not really math intensive, I am deeply worried if I can deliver my risk models just in time. Thank God I found this book of life!!! It really helped me carry on my modelling career in the field of risk mgt. I can tell you that Ive learned so much from this book.

There is no DVD in the book. But there is companion website to use which is great. The are few appendices at the end of the book that provide a crash course in preliminary topics needed to understand the technical content of the book. Depending on the reader's background you may need other sources first as a refresher for understanding statistical analysis topic like "Maximum Likelihood estimation"

It is a very good book that teaches you how to use Excel for Credit Risk. I recommend it for people that already knows about Credit Risk modeling. I think that the authors could include some plots about the results.

Clearly, Excel is not even remotely the best platform to perform large scale credit risk modeling or analysis. However, Excel is probably the most concise, neutral platform from which to demonstrate the techniques involved in implementing the models discussed in the book.** Note, please do not rely on this book as your main source for learning the mathematical and economical nuances of these models.

A very good book. Rich in theory and application. Very useful for people who study finance or fields that are related to risk analysis. Adequate training in mathematics, statistics and VBA code is essential.

practical.

Excellent cut from the renowned authors! One of the live and cream quants texts on my shelf. Recommended for ingenious risk modellers who love the implementation side of statistics and mathematics. Risk Analytics - let the numbers speak!

I got the book sooner than it was expected. It came in very good conditions. It is a useful material for estimating the default probabilities when a lead request a loan.

They delivered the book within the schedule. The quality of the product and their services met my expectations. I definitely recommend this to others.

Where is the DVD, I bought this book for DVD, the electronic version of this book is freely avliable on the net.

I am going to return this book.I think it could be helpful if you truely understand what this book is about before you place the order. Unfortunately, I did not. I thought this would be a book describing the 'methodology' of modelling cash CDO as it says on the cover and containing the information on rating agencies' approaches to modelling cash CDO as it says in the Contents. But it does neither. This book is all about how you use Excel given you ALREADY KNOW HOW TO MODEL CASH CDO. It tells you to type 'assumption A' in cell B20 and 'assumption B' in cell C30 so that you will have a nice output sheet (and kindly explains why there should be an output sheet). I have to say the author or editor must have some misunderstanding on the word 'methodology' which to me means the statistics (e.g. multivariate model, Gaussian Copula, regression, etc) behind the formulae you type in Excel or VBA rather than how you make your spreadsheet look nicer.I guess I might have been a bit harsh giving only one star thinking the authors must have put a lot of effort in this book. The disappoint does not come from the content of the book (since I did not really read much), but the title and description which has caused confusion and gave me the hope that there finally was a book focusing on cash CDO modelling.

The book seems to be very good and written by excellent authors. But unfortunately, if you buy the book via Amazon, they do not deliver any DVD with the book, which makes it difficult to follow the book.