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Understanding Credit Derivatives And Related Instruments

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Understanding Credit Derivatives and Related Instruments

Understanding Credit Derivatives and Related Instruments Book
Author : Antúlio Neves Bomfim
Publisher : Academic Press
Release : 2005
ISBN : 0121082652
Language : En, Es, Fr & De

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Book Description :

Comprehensive introduction to the main isues in the credit derivatives market, including an accessible introduction to valuation methods.

Credit Derivatives

Credit Derivatives Book
Author : Mark J. P. Anson,Frank J. Fabozzi,Moorad Choudhry,Ren-Raw Chen
Publisher : John Wiley & Sons
Release : 2004-02-01
ISBN : 9780471652380
Language : En, Es, Fr & De

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Book Description :

An essential guide to credit derivatives Credit derivatives has become one of the fastest-growing areas of interest in global derivatives and risk management. Credit Derivatives takes the reader through an in-depth explanation of an investment tool that has been increasingly used to manage credit risk in banking and capital markets. Anson discusses everything from the basics of why credit risk is important to accounting and tax implications of credit derivatives. Key topics covered in this essential guidebook include: credit swaps; credit forwards; credit linked notes; and credit derivative pricing models. Anson also discusses the implications of credit risk management as well as credit derivative regulation. Using charts, examples, basic investment theory, and elementary mathematics, Credit Derivatives illustrates the real-world practice and applications of credit derivatives products. Mark J. P. Anson (Sacramento, CA) is the Chief Investment Officer at Calpers. Frank J. Fabozzi (New Hope, PA) is a Fellow of the International Center for Finance at Yale University. Moorad Choudhry (Surrey, UK) is a Vice President in Structured Finance Services with JP Morgan Chase Bank in London. Ren-Raw Chen is an Assistant and Associate Professor at the Rutgers University Faculty of Management.

FINANCIAL DERIVATIVES

FINANCIAL DERIVATIVES Book
Author : S.L. GUPTA
Publisher : PHI Learning Pvt. Ltd.
Release : 2017-07-01
ISBN : 812035348X
Language : En, Es, Fr & De

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Book Description :

This highly acclaimed text, designed for postgraduate students of management, commerce, and financial studies, has been enlarged and updated in its second edition by introducing new chapters and topics with its focus on conceptual understanding based on practical examples. Each derivative product is illustrated with the help of diagrams, charts, tables and solved problems. Sufficient exercises and review questions help students to practice and test their knowledge. Since this comprehensive text includes latest developments in the field, the students pursuing CA, ICWA and CFA will also find this book of immense value, besides management and commerce students. THE NEW EDITION INCLUDES • Four new chapters on ‘Forward Rate Agreements’, ‘Pricing and Hedging of Swaps’, ‘Real Options’, and ‘Commodity Derivatives Market’ • Substantially revised chapters—‘Risk Management in Derivatives’, ‘Foreign Currency Forwards’, and ‘Credit Derivatives’ • Trading mechanism of Short-term interest rate futures and Long-term interest rate futures • Trading of foreign currency futures in India with RBI Guidelines • Currency Option Contracts in India • More solved examples and practice problems • Separate sections on ‘Swaps’ and ‘Other Financial Instruments’ • Extended Glossary

Credit Derivatives

Credit Derivatives Book
Author : George Chacko,Anders Sjöman,Hideto Motohashi,Vincent Dessain
Publisher : Pearson Education
Release : 2006-06-02
ISBN : 0132715929
Language : En, Es, Fr & De

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Book Description :

The credit risk market is the fastest growing financial market in the world, attracting everyone from hedge funds to banks and insurance companies. Increasingly, professionals in corporate finance need to understand the workings of the credit risk market in order to successfully manage risk in their own organizations; in addition, some wish to move into the field on a full-time basis. Most books in the field, however, are either too academic for working professionals, or written for those who already possess extensive experience in the area. Credit Derivatives fills the gap, explaining the credit risk market clearly and simply, in language any working financial professional can understand. Harvard Business School faculty member George C. Chacko and his colleagues begin by explaining the underlying principles surrounding credit risk. Next, they systematically present today's leading methods and instruments for managing it. The authors introduce total return swaps, credit spread options, credit linked notes, and other instruments, demonstrating how each of them can be used to isolate risk and sell it to someone willing to accept it.

Managing Credit Risk

Managing Credit Risk Book
Author : John B. Caouette,Edward I. Altman,Paul Narayanan,Robert Nimmo
Publisher : John Wiley & Sons Incorporated
Release : 2008-05-16
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

There have been significant developments and changes to the world of credit risk management in recent years. Managing Credit Risk, Second Edition will touch upon all these changes, including a new emphasis on actively managing credit risk, the introduction of important regulatory changes, and the impact of hedge funds on the field of credit. In addition, this comprehensive Second Edition also includes important updates and expanded discussions of the techniques used to control credit risk, historical roots of credit management, consumer credit models, and the major industry players--from finance companies and banks to insurance companies.

Credit Derivatives and Synthetic Structures

Credit Derivatives and Synthetic Structures Book
Author : Janet M. Tavakoli
Publisher : John Wiley & Sons
Release : 2001-07-16
ISBN : 9780471412663
Language : En, Es, Fr & De

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Book Description :

Fully revised and updated Here is the only comprehensive source that explains the various instruments in the market, their economic value, how to document trades, and more. This new edition includes enhanced treatment of U.S. and worldwide regulatory issues, and new product structures. "If you want to know more about credit derivatives--and these days an increasing number of people do--then you should read this book." --Merton H. Miller, winner, Nobel Prize in Economics, 1990 "Tavakoli brings extraordinary insight and clarity to this fascinating financial evolution . . ."--Carl V. Schuman, Manager, Credit Derivatives, West LB New York Janet M. Tavakoli (Chicago, IL) is Vice President of the Chicago branch of Bank of America, where she directs the company's overall marketing of global derivatives and manages its CreditMetrics initiative.

Hearing to Review the Role of Credit Derivatives in the U S Economy

Hearing to Review the Role of Credit Derivatives in the U S  Economy Book
Author : United States. Congress. House. Committee on Agriculture
Publisher : Unknown
Release : 2009
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Hearing to Review the Role of Credit Derivatives in the U S Economy book written by United States. Congress. House. Committee on Agriculture, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Understanding Credit Derivatives and Their Potential to Synthesize Riskless Assets

Understanding Credit Derivatives and Their Potential to Synthesize Riskless Assets Book
Author : Antúlio Neves Bomfim
Publisher : Unknown
Release : 2001
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Understanding Credit Derivatives and Their Potential to Synthesize Riskless Assets book written by Antúlio Neves Bomfim, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Credit Derivatives and Structured Credit

Credit Derivatives and Structured Credit Book
Author : Richard Bruyere,Regis Copinot,Loic Fery,Christophe Jaeck,Thomas Spitz
Publisher : John Wiley & Sons
Release : 2006-06-14
ISBN : 0470026235
Language : En, Es, Fr & De

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Book Description :

Over the past decade, credit derivatives have emerged as the key financial innovation in global capital markets. At end 2004, the market size hit $6.4 billion (in notional amounts) from virtually nothing in 1995. This rise has been spurred by the imperative for banks to better manage their risks, not least credit risks, and the appetite shown by institutional investors and hedge funds for innovative, high yielding structured investment products. As a result, growth in collateralized debt obligations and other second-generation products, such as credit indices, is currently phenomenal. It is enabled by the standardization and increased liquidity in credit default swaps – the building block of the credit derivatives market. Written by market practitioners and specialists, this book covers the fundamentals of the credit derivatives and structured credit market, including in-depth product descriptions, analysis of real transactions, market overview, pricing models, banks business models. It is recommended reading for students in business schools and financial courses, academics, and professionals working in investment and asset management, banking, corporate treasury and the capital markets. Highlights include: Written by market practitioners and specialists with first-hand experience in the credit derivatives and structured credit market A clearly-written, pedagogical book with numerous illustrations Detailed review of real-case transactions A comprehensive historical perspective on market developments including up-to-date analysis of the latest trends

Tax Notes International

Tax Notes International Book
Author : Anonim
Publisher : Unknown
Release : 2005
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Tax Notes International book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Credit Derivatives and Structured Credit Trading

Credit Derivatives and Structured Credit Trading Book
Author : Vinod Kothari
Publisher : John Wiley & Sons
Release : 2011-12-15
ISBN : 1118178785
Language : En, Es, Fr & De

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Book Description :

Credit derivatives as a financial tool has been growing exponentially from almost nothing more than seven years ago to approximately US$5 trillion deals completed by end of 2005. This indicates the growing importance of credit derivatives in the financial sector and how widely it is being used these days by banks globally. It is also being increasingly used as a device of synthetic securitisation. This significant market trend underscores the need for a book of such a nature. Kothari, an undisputed expert in credit derivatives, explains the subject matter using easy-to-understand terms, presents it in a logical structure, demystifies the technical jargons and blends them into a cohesive whole. This revised book will also include the following: - New credit derivative definitions - New features of the synthetic CDO market - Case studies of leading transactions of synethetic securitisations - Basle II rules - The Consultative Paper 3 has significantly revised the rules, particularly on synthetic CDOs - Additional inputs on legal issues - New clarifications on accounting for credit derivatives/credit linked notes

Credit Risk Valuation

Credit Risk Valuation Book
Author : Manuel Ammann
Publisher : Springer Science & Business Media
Release : 2002-02-25
ISBN : 9783540678052
Language : En, Es, Fr & De

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Book Description :

This book offers an advanced introduction to models of credit risk valuation, concentrating on firm-value and reduced-form approaches and their application. Also included are new models for valuing derivative securities with credit risk. The book provides detailed descriptions of the state-of-the-art martingale methods and advanced numerical implementations based on multivariate trees used to price derivative credit risk. Numerical examples illustrate the effects of credit risk on the prices of financial derivatives.

An Introduction to Credit Derivatives

An Introduction to Credit Derivatives Book
Author : Moorad Choudhry
Publisher : Butterworth-Heinemann
Release : 2012-12-31
ISBN : 0080982980
Language : En, Es, Fr & De

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Book Description :

The second edition of An Introduction to Credit Derivatives provides a broad introduction to products and a marketplace that have changed significantly since the financial crisis of 2008. Author Moorad Choudhry gives a practitioner's perspective on credit derivative instruments and the risks they involve in a succinct style without sacrificing technical details and scientific precision. Beginning with foundational discussions of credit risk, credit risk transfer and credit ratings, the book proceeds to examine credit default swaps and related pricing, asset swaps, credit-linked notes, and more. Ample references, appendices and a glossary add considerably to the lasting value of the book for students and professionals in finance. A post-crisis guide to a powerful bank risk management product, its history and its use Liberal use of Bloomberg screens and new worked examples increase hands-on practicality New online set of CDS pricing models and other worksheets multiply the book's uses

Commodity Derivatives

Commodity Derivatives Book
Author : Edmund Parker,Marcin Perzanowski
Publisher : Globe Business Planning
Release : 2010
ISBN : 9781905783373
Language : En, Es, Fr & De

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Book Description :

This accessible title explains each type of transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of over-the-counter, exchange-traded and structured commodity derivative documentation, and provides a detailed guide to International Swaps and Derivatives Association and other leading documentation platforms. The book further contains detailed analysis of the regulatory and tax issues affecting commodity derivative products in the United Kingdom and United States.

Mastering Credit Derivatives

Mastering Credit Derivatives Book
Author : Andrew Kasapi
Publisher : Financial Times/Prentice Hall
Release : 1999
ISBN : 9780273639282
Language : En, Es, Fr & De

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Book Description :

Until recently, credit derivatives were more talked about than traded, yet the last few years have seen a rapid growth in the number of transactions. However, as the market has grown, the knowledge regarding derivative application has not, and this book will close that gap.Demystify and understand credit derivatives concepts, instruments and products with the ultimate guide; Mastering Credit Derivatives. Step by step, this book tackles credit derivatives applications via the mature capital markets route, and rather than relying on a theoretical approach, uses real market data and trades to demonstrate an application.This book will ensure you the ability, speed and confidence to manipulate and apply the skills and techniques relevant to your marketplace.

Credit Derivatives and the Management of Risk

Credit Derivatives and the Management of Risk Book
Author : Dimitris N. Chorafas
Publisher : Prentice Hall Press
Release : 2000
ISBN : 9780735201040
Language : En, Es, Fr & De

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Book Description :

Explains the managerial basis and consequences of credit derivatives. The text covers credit derivative instruments and their underliers, such as catastrophe insurance and hurricane derivations. It includes comparison of credit risk models and analysis of their strengths and weaknesses.

The Art of Credit Derivatives

The Art of Credit Derivatives Book
Author : Joao Garcia,Serge Goossens
Publisher : John Wiley & Sons
Release : 2010-02-16
ISBN : 9780470684962
Language : En, Es, Fr & De

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Book Description :

Credit derivatives have been instrumental in the recent increase in securitization activity. The complex nature and the size of the market have given rise to very complex counterparty credit risks. The Lehman failure has shown that these issues can paralyse the financial markets, and the need for detailed understanding has never been greater. The Art of Credit Derivatives shows practitioners how to put a framework in place which will support the securitization activity. By showing the models that support this activity and linking them with very practical examples, the authors show why a mind-shift within the quant community is needed - a move from simple modeling to a more hands on mindset where the modeler understands the trading implicitly. The book has been written in five parts, covering the modeling framework; single name corporate credit derivatives; multi name corporate credit derivatives; asset backed securities and dynamic credit portfolio management. Coverage includes: groundbreaking solutions to the inherent risks associated with investing in securitization instruments how to use the standardized credit indices as the most appropriate instruments in price discovery processes and why these indices are the essential tools for short term credit portfolio management why the dynamics of systemic correlation and the standardised credit indices are linked with leverage, and consequently the implications for liquidity and solvability of financial institutions how Lévy processes and long term memory processes are related to the understanding of economic activity why regulatory capital should be portfolio dependant and how to use stress tests and scenario analysis to model this how to put structured products in a mark-to market-environment, increasing transparency for accounting and compliance. This book will be invaluable reading for Credit Analysts, Quantitative Analysts, Credit Portfolio Managers, Academics and anyone interested in these complex yet important markets.

Credit Derivatives

Credit Derivatives Book
Author : Janet M. Tavakoli
Publisher : Unknown
Release : 1998-06-23
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

A comprehensive first look at one of today's fastest growing investment and risk management mechanisms. "If you want to know more about credit derivatives-and these days an increasing number of people do-then you should read this book." -Merton H. Miller, winner, Nobel Prize in Economics, 1990 Robert R. McCormick Distinguished Service Professor Emeritus, University of Chicago Graduate School of Business. "Tavakoli brings extraordinary insight and clarity to this fascinating financial evolution. She combines her extensive experience and deep understanding of the derivatives markets with a lucid writing style that makes this an eminently readable volume. This book should set the standard for credit derivatives texts for years to come." -Carl V. Schuman, Manager, Credit Derivatives, WestLB New York. "Tavakoli does a remarkable job compiling a highly readable and much needed guide to instruments and applications of credit derivatives. Using charts, examples, basic investment theory, and elementary mathematics, Tavakoli explains the real-world practice and applications of credit derivative products. Credit Derivatives clarifies often misunderstood concepts and offers a framework with which to analyze derivatives and how to make them work." -Stephen Wade, Managing Director, UBS Securities LLC Hei Wai Chan, PhD, Director, UBS Securities LLC. "Tavakoli has written a book that finally demystifies credit derivatives. It is an easy to understand analysis of the many aspects of the basic products used in this new and innovative derivative structure. Anyone in the banking community as well as the sophisticated derivatives professional will find it both useful and insightful." -Randy Allison Kaufman, Managing Director, BankBoston, Structured Derivatives. One of today's fastest growing investment and risk management mechanisms, credit derivatives are revolutionizing the financial industry and changing the way banks, institutional investors, and securities traders do business both domestically and globally. While potentially beneficial, these important instruments are complex structures that are often misunderstood and frequently mishandled. Written by credit derivatives specialist Janet Tavakoli, this groundbreaking book-the only comprehensive resource of its kind-demystifies and clarifies all the fine points of credit derivatives, offering complete details on what they are, how they work, and how best to capitalize on them. Though not new, credit derivatives have just recently grabbed the spotlight as vehicles that can diversify portfolio credit risk by dampening the volatility of possible returns. While many investors and end users are beginning to realize the potential of these products, most have only scratched the surface of understanding how they can be applied to credit line and portfolio management, arbitrage opportunities, and the creation of synthetic assets. Covering these and other current applications, Credit Derivatives provides the foundation necessary to fully grasp and effectively implement these powerful tools. Along with descriptions of the full range of products available in today's marketplace, it explains the economic value of credit derivatives, examines valuation techniques, and, perhaps, most importantly, provides specific guidelines on using them to manage and control risk. Tavakoli demonstrates how credit derivatives have become instruments that enable investors to question, theorize, and create a new framework for evaluating market credit risk. This accessible and exhaustive guide is must reading for anyone involved in the rapidly growing area of credit derivatives.

The British National Bibliography

The British National Bibliography Book
Author : Arthur James Wells
Publisher : Unknown
Release : 2005
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download The British National Bibliography book written by Arthur James Wells, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

New Directions for Development Banking in the Caribbean

New Directions for Development Banking in the Caribbean Book
Author : Vanus James
Publisher : United Nations Publications
Release : 2007
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Development banking seeks to define and resolve the imperfections in credit markets and to address concerns regarding social equity by targeting loan and other support resources to priority sectors that seek to use underemployed resources for capital accumulation and growth.This document is concerned with how development banks might be reformed to be part of the wider agenda of development of the financial sector.