Invicta Financial Group ("Invicta") is group of companies, including Invicta Holdings LLC, Invicta Capital LLC, Invicta Credit LLC, and Invicta Advisors LLC, that provides credit protection to counterparties through credit default swaps, a form of credit derivative.

Credit derivatives are financial contracts that enable financial institutions, corporations and other institutional investors to protect themselves against credit risk or, conversely, to assume credit risk. The most common credit derivative is a credit default swap ("CDS") which is used to gain or reduce exposure to corporate or structured credit debt issuers without necessarily owning such issuer's debt securities.

The credit derivatives market has experienced significant growth in recent years. According to the International Swaps and Derivatives Association, the notional amount of CDS outstanding as of June 30, 2008 was approximately $55 trillion, up 20% year over year.