Behind The Swap

Author : Andrew DeJoy
Publisher : Simon and Schuster
Page : 243 pages
File Size : 48,5 Mb
Release : 2022-05-10
Category : Business & Economics
ISBN : 9781637630686

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Behind the Swap by Andrew DeJoy Pdf

Andrew DeJoy’s Behind the Swap examines the risks involved in post-trade processing in swaps and derivative markets, and provides solutions to better control those risks. While Andrew doesn’t claim to have all the answers, he does believe there is a way to create a safer, stronger, and better financial system for all stakeholders. In August of 2020, Citibank made one of the worst mistakes in banking history: it accidently sent out almost $900 million of its own funds. Many of the recipients didn’t give back the money. Citibank sued. And a federal court ruled that the recipients could keep the funds. Citibank’s error is not surprising. The underlying contributors that led to the mistaken payment permeate the global financial services industry. Manual data entry, decades old technological infrastructure, inadequate training, and systems that can’t interact with one another are just a few of the problems that face post-trade processing—the machinery behind financial markets. Unfortunately, years of neglect by regulators and financial institutions themselves has left this infrastructure needlessly complex, astoundingly inefficient, frequently inaccurate, and woefully inadequate for modern financial markets. Behind the Swap helps explain what’s driving the recent series of banking blunders like Barclay’s $678 million clerical error, and Citibank’s fat-finger Flash Crash that caused an 8% decline in the Swedish stock market. The book also touches on concepts that readily connect to Credit Suisse’s $5.5 billion loss on its trades with Archegos. The problems are easy to see but difficult to admit. For financial institutions, the current system costs billions of dollars each year in labor, systems maintenance, and lost funds. For regulators, the current system precludes the ability to track systemic risk. It also artificially inflates the stability of the global financial system. For lawyers and prosecutors, the current system allows ample opportunity for unlawful misconduct such as rogue trading and fraud.

Author : Robyn Harding
Publisher : Simon and Schuster
Page : 336 pages
File Size : 43,9 Mb
Release : 2020-06-23
Category : Fiction
ISBN : 9781982144777

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The Swap by Robyn Harding Pdf

“No list of thrillers is complete without Robyn Harding,” proclaims Real Simple. Now the USA TODAY bestselling author of The Party delivers a riveting tale about the toxic relationship between two couples after a night of sexual shenanigans, and the manipulative teenager with an explosive secret at the center of it all. Low Morrison is not your average teen. You could blame her hippie parents or her looming height or her dreary, isolated hometown on an island in the Pacific Northwest. But whatever the reason, Low just doesn’t fit in—and neither does Freya, an ethereal beauty and once-famous social media influencer who now owns the local pottery studio. After signing up for a class, Low quickly falls under Freya’s spell. And Freya, buoyed by Low’s adoration, is compelled to share her darkest secrets and deepest desires. Finally, both feel a sense of belonging...that is, until Jamie walks through the studio door. Desperate for a baby, she and her husband have moved to the island hoping that the healthy environment will result in a pregnancy. Freya and Jamie become fast friends, as do their husbands, leaving Low alone once again. Then one night, after a boozy dinner party, Freya suggests swapping partners. It should have been a harmless fling between consenting adults, one night of debauchery that they would put behind them, but instead, it upends their lives. And provides Low the perfect opportunity to unleash her growing resentment. Robyn Harding brings her acclaimed storytelling, lauded as “fast-paced, thrilling, gut-wrenching” by Taylor Jenkins Reid, New York Times bestselling author of Daisy Jones & The Six, to this dark and suspenseful thriller for fans of Megan Miranda and Lisa Jewell.

Author : Andrew DeJoy
Publisher : Simon and Schuster
Page : 153 pages
File Size : 53,7 Mb
Release : 2022-05-10
Category : Business & Economics
ISBN : 9781637630679

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Behind the Swap by Andrew DeJoy Pdf

Andrew DeJoy's Behind the Swap offers a middle office perspective on the risks and miscommunications in post-trade processing and provides a framework and solutions for a better approach. In August of 2020, Citibank made one of the worst mistakes in banking history: it accidently sent out almost $900 million of its own funds. Many of the recipients didn't give back the money. Citibank sued. And a federal court ruled that the recipients could keep the funds. Citibank's error is not surprising. The underlying contributors that led to the mistaken payment permeate the global financial services industry. Manual data entry, decades old technological infrastructure, inadequate training, and systems that can't interact with one another are just a few of the problems that face post-trade processing--the machinery behind financial markets. Unfortunately, years of neglect by regulators and financial institutions themselves has left this infrastructure needlessly complex, astoundingly inefficient, frequently inaccurate, and woefully inadequate for modern financial markets. The problems are easy to see but difficult to admit. For financial institutions, the current system costs billions of dollars each year in labor, systems maintenance, and lost funds. For regulators, the current system precludes the ability to track systemic risk. It also artificially inflates the stability of the global financial system. For lawyers and prosecutors, the current system allows ample opportunity for unlawful misconduct such as rogue trading and fraud. Andrew DeJoy's Behind the Swap examines the risks involved in post-trade processing in swaps and derivative markets and provides solutions to better control those risks. While Andrew doesn't claim to have all the answers, he does believe there is a better system that is both achievable and necessary.

Author : Michael Taillard
Publisher : John Wiley & Sons
Page : 371 pages
File Size : 52,6 Mb
Release : 2012-12-26
Category : Business & Economics
ISBN : 9781118412794

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Corporate Finance For Dummies by Michael Taillard Pdf

Score your highest in corporate finance The math, formulas, and problems associated with corporate finance can be daunting to the uninitiated. Corporate Finance For Dummies introduces you to the practices of determining an operating budget, calculating future cash flow, and scenario analysis in a friendly, un-intimidating way that makes comprehension easy. Corporate Finance For Dummies covers everything you'll encounter in a course on corporate finance, including accounting statements, cash flow, raising and managing capital, choosing investments; managing risk; determining dividends; mergers and acquisitions; and valuation. Serves as an excellent resource to supplement coursework related to corporate finance Gives you the tools and advice you need to understand corporate finance principles and strategies Provides information on the risks and rewards associated with corporate finance and lending With easy-to-understand explanations and examples, Corporate Finance For Dummies is a helpful study guide to accompany your coursework, explaining the tough stuff in a way you can understand.

Author : Doug Huggins,Christian Schaller
Publisher : John Wiley & Sons
Page : 262 pages
File Size : 40,7 Mb
Release : 2022-09-14
Category : Business & Economics
ISBN : 9781119888949

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SOFR Futures and Options by Doug Huggins,Christian Schaller Pdf

SOFR Futures and Options is the practical guide through the maze of the transition from LIBOR. In the first section, it provides an in-depth explanation of the concepts involved: The repo market and the construction of SOFR SOFR-based lending markets and the term rate The secured-unsecured basis SOFR futures and options and their spread contracts Margin and convexity Applying these insights, the second section offers detailed worked-through examples of hedging loans, swaps, bonds, and floors with SOFR futures and options, supported by interactive spreadsheets accessible on the web. The gold standard resource for professionals working at financial institutions, SOFR Futures and Options also belongs in the libraries of students of finance and business, as well as those preparing for the Chartered Financial Analyst exam.

Author : Brendan Brown
Publisher : Routledge
Page : 126 pages
File Size : 54,5 Mb
Release : 2017-11-30
Category : Business & Economics
ISBN : 9781351360562

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The Economics of the Swap Market by Brendan Brown Pdf

First published in 1989, The Economics of the Swap Market looks at how the swap has become a commonplace tool for corporations throughout the OECD world to ‘lock-in’ interest rates on their borrowing. The aim of The Economics of the Swap Market, is to contribute to a redressing of the balance. Subjects covered include both those conventionally falling within the scope of micro-economics and of macroeconomics, beginning with an examination of the forces behind the take-off the swap market and a formal setting out of key arbitrage relationships which hold in equilibrium between the swap markets on international capital flow.

Author : United States. Department of the Treasury
Publisher : Unknown
Page : 800 pages
File Size : 55,9 Mb
Release : 1963
Category : Finance, Public
ISBN : MINN:30000007267598

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Annual Report of the Secretary of the Treasury on the State of the Finances for the Year ... by United States. Department of the Treasury Pdf

Author : Robyn Harding
Publisher : Simon and Schuster
Page : 384 pages
File Size : 51,5 Mb
Release : 2022-10-25
Category : Fiction
ISBN : 9781668004777

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The Swap by Robyn Harding Pdf

"Low Morrison is not your average teen. You could blame her hippie parents or her looming height or her dreary, isolated hometown on an island in the Pacific Northwest. But whatever the reason, Low just doesn't fit in-and neither does Freya, a once-famous social media influencer who now owns the pottery studio in town. After signing up for a class, Low quickly falls under Freya's spell. And Freya, buoyed by Low's adoration, is compelled to share her darkest secrets and deepest desires. Finally, both feel a sense of belonging ... that is, until Jamie walks through the studio door. Desperate for a baby, she and her husband have moved to the island hoping that the healthy environment will result in a pregnancy. Freya and Jamie become fast friends, as do their husbands, leaving Low alone once again. Then one night, after a boozy dinner party, Freya suggests swapping partners. It should have been a harmless fling between consenting adults, one night of debauchery that they would put behind them, but when one of the women becomes pregnant, Low finds the perfect opportunity to unleash her growing resentment"--

Author : David Boberski
Publisher : John Wiley & Sons
Page : 223 pages
File Size : 50,5 Mb
Release : 2010-05-13
Category : Business & Economics
ISBN : 9780470883259

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CDS Delivery Option by David Boberski Pdf

For traders trying to navigate the increasingly volatile credit default swap market, CDS Delivery Option provides worked-out examples, over 30 charts, a case study of Delphi, and detailed explanations of how the subprime crisis caused the credit crisis and the near collapse of the GSEs. The book includes detailed information on: how to value a CDS contract how to value the delivery option how contract value changes when the yield curve flattens or becomes steeper how contract value changes with bullish or bearish market moves how to figure out when to buy protection and when to sell protection how to hedge CDS risk when and how to unwind a contract prior to settlement when to hold a trade through delivery how to navigate a "squeeze" (when the notional value of contracts going through delivery is larger than the supply of the cheapest-to-deliver issue) when buying contracts can make their prices go down how to construct a basis trade how to find arbitrage opportunities how to analyze default probability and corporate debt when to settle via auction and when to settle via physical delivery which note is the cheapest to deliver This book is an indispensable resource for all market professionals working in the CDS market.

Author : Bhalla V.K.
Publisher : S. Chand Publishing
Page : 128 pages
File Size : 40,8 Mb
Release : 2014
Category : Business & Economics
ISBN : 9788121942911

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International Financial Management (Text and Cases) by Bhalla V.K. Pdf

Part: I 1. International Financial Management: An Overview 2. The International Monetary 3. European Monetary System 4. The Global Liquidity 5. International Financial System 6. Financial Globalisation And The Crisis 7. The Financial Accounting Among Countries And International Part: Ii 8. Foreign Exchange Markets 9. Managing Foreign Exchange Reserves 10. Exchange Rate Theories 11. Currency Futures 12. Currency Options 13. The International Swap Market 14. Role Of Swaps In Managing External Debt 15. Financial Derivatives Market: A Global Perspective Part Iii 16. Foreign Exchange Risk Exposure 17. The Exposure Information System 18. Strategies For Exposure Management And Techniques For Foreign Exchange Rate Projections 19. Exposure Management 20. Organisation Of The Exposure Management Function Part Iv Part V Part Vi …...41. International Taxation Glossary Selected Bibliography Index

Author : Michael Lawrence
Publisher : Orchard Books
Page : 144 pages
File Size : 45,5 Mb
Release : 2011-01-20
Category : Juvenile Fiction
ISBN : 9781408306680

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Kid Swap by Michael Lawrence Pdf

Jiggy is horrified to hear that his parents have signed him up for a reality TV show called Kid Swap. He is to move in with another family and everything he does will be filmed. Sadly, most of what he does while the camera is pointing his way is not the kind of thing he wants to share with millions of total strangers. And then, on top of it all, there's his bizarre skin problem... Find out how Jiggy copes with TV fame and flick the pages for a disgusting dinner!

Author : Bijan Vasigh
Publisher : Routledge
Page : 641 pages
File Size : 51,6 Mb
Release : 2014-11-13
Category : Business & Economics
ISBN : 9781317802495

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Foundations of Airline Finance by Bijan Vasigh Pdf

In recent years the airline industry has experienced severe volatility in earnings, with airlines recording periods of substantial profits that are closely followed by periods of financial distress. This trend has continued into the new millennium, with numerous examples of airlines across the globe entering bankruptcy protection or liquidating. The text provides an introduction to both the basics of finance and the particular intricacies of airline finance where there can be significant fluctuations in both revenues and costs. This new edition also includes: capital budgeting management of current assets financial risk analysis fuel hedging aircraft leasing This textbook contains chapters that cover unique aspects of the aviation financial decision-making process. These include a rigorous and structured presentation of the buy versus lease decision that is prevalent in the industry, a valuation process for aviation assets, the recent trend toward privatization and the difficulty inherent in the valuation of a publicly-owned or semi-publicly owned asset. The Foundations of Airline Finance, now in its second edition, is an introductory text that can be used either as a general financial text or in a specialized class that deals with aviation finance in particular.

Author : Eloise McGraw
Publisher : Simon and Schuster
Page : 119 pages
File Size : 47,5 Mb
Release : 2016-05-31
Category : Juvenile Fiction
ISBN : 9781481488839

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The Seventeenth Swap by Eloise McGraw Pdf

Having no money, a thirteen-year-old begins a series of swaps to get the child he babysits for a pair of cowboy boots in this sweet novel from the author of Tangled Webb.

Author : Kristine Asselin,Jen Malone
Publisher : Simon and Schuster
Page : 352 pages
File Size : 49,7 Mb
Release : 2018-02-13
Category : Juvenile Fiction
ISBN : 9781481478731

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The Art of the Swap by Kristine Asselin,Jen Malone Pdf

Freaky Friday meets Downton Abbey in this middle grade mystery that features a modern day twelve-year-old switching bodies with a Gilded Age heiress in order to solve a famous art heist. Hannah Jordan lives in a museum…well, sort of. She is the daughter of the caretaker for mansion-turned-museum The Elms in Newport, Rhode Island. Hannah’s captivated by stories of The Elms’s original occupants, especially Maggie Dunlap, the tween heiress subject of a painting that went missing during a legendary art heist in 1905. But when a mysterious mirror allows Hannah and Maggie to switch places in time, suddenly Hannah is racing to stop the heist from happening, while Maggie gets an introduction to iPhones, soccer (which girls can play!), and freedoms like exploring without supervision. Not to mention the best invention of all: sweatpants (so long, corsets!). As the hours tick away toward the art heist, something’s not adding up. Can the girls work together against time—and across it—to set things right? Or will their temporary swap become a permanent trade?

Author : Lynne B. Sagalyn
Publisher : Oxford University Press
Page : 800 pages
File Size : 47,8 Mb
Release : 2016-08-05
Category : Social Science
ISBN : 9780190607043

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Power at Ground Zero by Lynne B. Sagalyn Pdf

The destruction of the World Trade Center complex on 9/11 set in motion a chain of events that fundamentally transformed both the United States and the wider world. War has raged in the Middle East for a decade and a half, and Americans have become accustomed to surveillance, enhanced security, and periodic terrorist attacks. But the symbolic locus of the post-9/11 world has always been "Ground Zero"--the sixteen acres in Manhattan's financial district where the twin towers collapsed. While idealism dominated in the initial rebuilding phase, interest-group trench warfare soon ensued. Myriad battles involving all of the interests with a stake in that space-real estate interests, victims' families, politicians, the Port Authority of New York and New Jersey, the federal government, community groups, architectural firms, and a panoply of ambitious entrepreneurs grasping for pieces of the pie-raged for over a decade, and nearly fifteen years later there are still loose ends that need resolution. In Power at Ground Zero, Lynne Sagalyn offers the definitive account of one of the greatest reconstruction projects in modern world history. Sagalyn is America's most eminent scholar of major urban reconstruction projects, and this is the culmination of over a decade of research. Both epic in scope and granular in detail, this is at base a classic New York story. Sagalyn has an extraordinary command over all of the actors and moving parts involved in the drama: the long parade of New York and New Jersey governors involved in the project, Mayor Michael Bloomberg, various Port Authority leaders, the ubiquitous real estate magnate Larry Silverstein, and architectural superstars like Santiago Calatrava and Daniel Libeskind. As she shows, political competition at the local, state, regional, and federal level along with vast sums of money drove every aspect of the planning process. But the reconstruction project was always about more than complex real estate deals and jockeying among local politicians. The symbolism of the reconstruction extended far beyond New York and was freighted with the twin tasks of symbolizing American resilience and projecting American power. As a result, every aspect was contested. As Sagalyn points out, while modern city building is often dismissed as cold-hearted and detached from meaning, the opposite was true at Ground Zero. Virtually every action was infused with symbolic significance and needed to be debated. The emotional dimension of 9/11 made this large-scale rebuilding effort unique; it supercharged the complexity of the rebuilding process with both sanctity and a truly unique politics. Covering all of this and more, Power at Ground Zero is sure to stand as the most important book ever written on the aftermath of arguably the most significant isolated event in the post-Cold War era.