Implementable on a desk-top PC, CreditManager allows users to capture, calculate and display the informa tion they need to manage the risk of individual credi t derivatives, or a portfolio of credits. CreditManager handles most credi t instruments including bonds, loans, commitments, letter of credit, market-driven instruments such as swaps and forwards, as we ll as the credit derivatives as discussed in this guide. With a direct link to the CreditManager webs ite, users of the software gain access to valuable credit data including transition ma trices, default rates, spreads,.