6.1 Defaults, Recovery Rates, Credit Spreads and Credit Derivatives6.2 Credit Derivatives6.3 Credit Default Swaps6.4 Estimating Default Probability6.5 Portfolio Credit DerivativesAppendix 6.A: Defining Survival and Default ProbabilitiesAppendix 6.B: Pricing Formulas for Cdss and Risky BondsAppendix 6.C: Pricing of Index Tranches