The credit derivatives market has seen explosive growth in recent years. This market is complex and subject to a variety of risks. In this session of our new 3-part series on credit derivatives, Andrea S. Kramer, Esq., a partner in McDermott Will & Emery LLP and an internationally recognized expert in financial products and derivatives, provides you with an introduction to the U.S. credit derivatives market, popular products, and risks associated with credit derivatives. She then focuses on key legal issues, including authority, documentation, gambling laws, Commodity Exchange Act regulation, transferability, and netting.