信贷衍生产品（creditderivatives），是在主要国际金融中心率先出现的新型金融工具。新加坡市场自１９９９年起开始引进有关工具后，交易有逐渐普及的迹象。目前，纽约与伦敦是信贷衍生产品交易量最大的市场，新加坡则具备成为亚洲区信贷衍生产品交易中心的潜力。随着有关交易 Credit derivatives, the first new type of financial instrument to emerge in major international financial centers. As the Singapore market started to introduce the relevant tools since 1999, there is a sign that the transaction is gradually gaining popularity. At present, New York and London are the markets with the largest volume of credit-derivatives transactions and Singapore has the potential to become a trading hub for credit derivatives in Asia. With the transaction