A Derivatives Primer

Author : John Succo
Publisher : Unknown
Page : 128 pages
File Size : 45,6 Mb
Release : 2011
Category : Derivative securities
ISBN : 0132789906

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A Derivatives Primer by John Succo Pdf

Author : John Succo
Publisher : Pearson Education
Page : 39 pages
File Size : 49,5 Mb
Release : 2011-05-03
Category : Electronic
ISBN : 9780132789912

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A Derivatives Primer by John Succo Pdf

We hear a lot about derivatives, but the general public and even many professional traders aren’t quite sure what they are or how they impact our lives. While they have caused a tremendous increase in overall volatility, when used properly derivatives afford tremendous financial flexibility . In this presentation the author, John Succo, helps you acquire a basic understanding of derivatives by breaking the market into three basic product groups and providing a clear primer on each: 1) Options , 2) Futures, and 3) Structures (cash instruments with imbedded options). A Minyanville Media Publication.

Author : George Chacko,Anders Sjoman,Hideto Motohashi,Vincent Dessain
Publisher : FT Press
Page : 377 pages
File Size : 48,5 Mb
Release : 2015-12-18
Category : Business & Economics
ISBN : 9780133249194

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Credit Derivatives, Revised Edition by George Chacko,Anders Sjoman,Hideto Motohashi,Vincent Dessain Pdf

Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry, they are now widely used by businesses of all kinds—and all financial professionals need to understand them. Credit Derivatives, Revised Edition, explains these tools simply, clearly, and rigorously: what they do, how they work, and how to use them in today’s applications. The authors first show how credit risk can be measured and valued. They explain key ideas, such as recovery rates and credit spreads, and show how derivatives transfer credit risk to external investors. Next, they systematically demonstrate how credit risk models can describe and predict credit risk events. They cover structural models, including Merton and Black and Cox; empirical models, such as the Z-score model; and reduced-form models, such as Jarrow-Turnbull. The authors also present detailed explanations of two widely used instruments: credit default swaps (CDSs) and collateralized debt obligations (CDOs). Finally, building on what you’ve learned, the authors offer a brand-new primer on today’s applications for financial instruments with embedded credit risk. FINANCIAL STATEMENT ANALYSIS Perform preliminary financial analysis on any potential project UNDERSTAND, MEASURE, AND ASSESS CREDIT RISK Master core concepts, from credit spreads to default probabilities MASTER POWERFUL CREDIT RISK MODELING APPROACHES Learn structural, empirical, and reduced-form credit risk modeling GAIN DEEP INSIGHT INTO TODAY’S INSTRUMENTS AND APPLICATIONS Understand CDSs, CDOs, and how credit-sensitive products are now used FOR EVERY FINANCIAL PRACTITIONER: BUY-SIDE AND SELL-SIDE For CFOs, treasurers, and other practitioners—everywhere from pension funds to commercial corporations

Author : Ambrose Lo
Publisher : CRC Press
Page : 432 pages
File Size : 46,7 Mb
Release : 2018-07-04
Category : Mathematics
ISBN : 9781315301228

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Derivative Pricing by Ambrose Lo Pdf

The proliferation of financial derivatives over the past decades, options in particular, has underscored the increasing importance of derivative pricing literacy among students, researchers, and practitioners. Derivative Pricing: A Problem-Based Primer demystifies the essential derivative pricing theory by adopting a mathematically rigorous yet widely accessible pedagogical approach that will appeal to a wide variety of audience. Abandoning the traditional "black-box" approach or theorists’ "pedantic" approach, this textbook provides readers with a solid understanding of the fundamental mechanism of derivative pricing methodologies and their underlying theory through a diversity of illustrative examples. The abundance of exercises and problems makes the book well-suited as a text for advanced undergraduates, beginning graduates as well as a reference for professionals and researchers who need a thorough understanding of not only "how," but also "why" derivative pricing works. It is especially ideal for students who need to prepare for the derivatives portion of the Society of Actuaries Investment and Financial Markets Exam. Features Lucid explanations of the theory and assumptions behind various derivative pricing models. Emphasis on intuitions, mnemonics as well as common fallacies. Interspersed with illustrative examples and end-of-chapter problems that aid a deep understanding of concepts in derivative pricing. Mathematical derivations, while not eschewed, are made maximally accessible. A solutions manual is available for qualified instructors. The Author Ambrose Lo is currently Assistant Professor of Actuarial Science at the Department of Statistics and Actuarial Science at the University of Iowa. He received his Ph.D. in Actuarial Science from the University of Hong Kong in 2014, with dependence structures, risk measures, and optimal reinsurance being his research interests. He is a Fellow of the Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). His research papers have been published in top-tier actuarial journals, such as ASTIN Bulletin: The Journal of the International Actuarial Association, Insurance: Mathematics and Economics, and Scandinavian Actuarial Journal.

Author : Charles M. Seeger
Publisher : Unknown
Page : 126 pages
File Size : 43,9 Mb
Release : 1995
Category : Derivative securities
ISBN : STANFORD:36105062070193

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Derivatives Today by Charles M. Seeger Pdf

Author : George Chacko,Hideto Motohashi,Anders Sjoman,Vincent Dessain
Publisher : Pearson Education
Page : 353 pages
File Size : 55,8 Mb
Release : 2006-06-02
Category : Business & Economics
ISBN : 9780132715928

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Credit Derivatives by George Chacko,Hideto Motohashi,Anders Sjoman,Vincent Dessain Pdf

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.

Author : AMBROSE. LO
Publisher : Unknown
Page : 128 pages
File Size : 44,8 Mb
Release : 2017
Category : Electronic
ISBN : 1138033332

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DERIVATIVE PRICING by AMBROSE. LO Pdf

Author : Dongsheng Lu
Publisher : Springer
Page : 218 pages
File Size : 42,6 Mb
Release : 2015-11-10
Category : Business & Economics
ISBN : 9781137435842

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The XVA of Financial Derivatives: CVA, DVA and FVA Explained by Dongsheng Lu Pdf

This latest addition to the Financial Engineering Explained series focuses on the new standards for derivatives valuation, namely, pricing and risk management taking into account counterparty risk, and the XVA's Credit, Funding and Debt value adjustments.

Author : Anonim
Publisher : Walter de Gruyter GmbH & Co KG
Page : 386 pages
File Size : 52,8 Mb
Release : 2018-05-07
Category : Business & Economics
ISBN : 9781547400058

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Risk Takers by Anonim Pdf

Risk Takers: Uses and Abuses of Financial Derivatives goes to the heart of the arcane and largely misunderstood world of derivative finance and makes it accessible to everyone—even novice readers. Marthinsen takes us behind the scenes, into the back alleyways of corporate finance and derivative trading, to provide a bird’s-eye view of the most shocking financial disasters of the past quarter century. The book draws on real-life stories to explain how financial derivatives can be used to create or to destroy value. In an approachable, non-technical manner, Marthinsen brings these financial derivatives situations to life, fully exploring the context of each event, evaluating their outcomes, and bridging the gap between theory and practice.

Author : D. R. Carmichael,Lynford Graham
Publisher : John Wiley & Sons
Page : 866 pages
File Size : 41,5 Mb
Release : 2012-06-05
Category : Business & Economics
ISBN : 9781118171813

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Accountants' Handbook, Special Industries and Special Topics by D. R. Carmichael,Lynford Graham Pdf

This highly regarded reference is relied on by a considerable part of the accounting profession in their day-to-day work. This handbook is the first place accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information look to find answers to questions on accounting and financial reporting. The new edition will be updated to reflect the new FASB Codification, as well as including expanded coverage of fair value and guidance on developing fair value estimates, fraud risk and exposure, healthcare, and IFRS.

Author : George Chacko,Anders Sjöman,Hideto Motohashi,Vincent Dessain
Publisher : Unknown
Page : 128 pages
File Size : 44,7 Mb
Release : 2015
Category : Credit derivatives
ISBN : 0133249212

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Credit Derivatives by George Chacko,Anders Sjöman,Hideto Motohashi,Vincent Dessain Pdf

Author : Hasan Dinçer,Ümit Hacioğlu
Publisher : Springer
Page : 386 pages
File Size : 40,5 Mb
Release : 2016-12-19
Category : Business & Economics
ISBN : 9783319471723

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Risk Management, Strategic Thinking and Leadership in the Financial Services Industry by Hasan Dinçer,Ümit Hacioğlu Pdf

This book presents a broad overview of risk management in the banking industry, with a special focus on strategic thinking and decision-making. It reveals the broader context behind decision models and approaches to risk management in the financial industry, linking the regulatory landscape for capital management and risk to strategic thinking, together with behavioral and cultural assessments.

Author : Antulio N. Bomfim
Publisher : Academic Press
Page : 420 pages
File Size : 49,5 Mb
Release : 2015-11-23
Category : Business & Economics
ISBN : 9780128004906

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Understanding Credit Derivatives and Related Instruments by Antulio N. Bomfim Pdf

Understanding Credit Derivatives and Related Instruments, Second Edition is an intuitive, rigorous overview that links the practices of valuing and trading credit derivatives with academic theory. Rather than presenting highly technical explorations, the book offers summaries of major subjects and the principal perspectives associated with them. The book's centerpiece is pricing and valuation issues, especially valuation tools and their uses in credit models. Five new chapters cover practices that have become commonplace as a result of the 2008 financial crisis, including standardized premiums and upfront payments. Analyses of regulatory responses to the crisis for the credit derivatives market (Basel III, Dodd-Frank, etc.) include all the necessary statistical and mathematical background for readers to easily follow the pricing topics. Every reader familiar with mid-level mathematics who wants to understand the functioning of the derivatives markets (in both practical and academic contexts) can fully satisfy his or her interests with the comprehensive assessments in this book. Explores the role that credit derivatives played during the economic crisis, both as hedging instruments and as vehicles that potentially magnified losses for some investors Comprehensive overview of single-name and multi-name credit derivatives in terms of market specifications, pricing techniques, and regulatory treatment Updated edition uses current market statistics (market size, market participants, and uses of credit derivatives), covers the application of CDS technology to other asset classes (CMBX, ABX, etc.), and expands the treatment of individual instruments to cover index products, and more

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 32 pages
File Size : 42,5 Mb
Release : 2010-07-30
Category : Business & Economics
ISBN : 9781455206797

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United States by International Monetary Fund Pdf

OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution of poorly underwritten loans and mortgages. The proposed reforms will make major improvements to market trading liquidity and the price discovery process. The reversal of the deregulation of OTC derivatives marks a major improvement in regulatory approach, and it closes an important gap in the regulatory framework.

Author : Anonim
Publisher : UM Libraries
Page : 354 pages
File Size : 55,9 Mb
Release : 1994
Category : Economics
ISBN : UOM:39015061595768

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Michigan Journal of Economics by Anonim Pdf