Understanding Swaps

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Understanding Swaps

John F. Marshall,Kenneth R. Kapner
Understanding Swaps Book PDF

Author : John F. Marshall,Kenneth R. Kapner
Publisher : John Wiley & Sons
Page : 0 pages
File Size : 53,9 Mb
Release : 1993-12-16
Category : Business & Economics
ISBN : 0471308277

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Understanding Swaps by John F. Marshall,Kenneth R. Kapner Pdf

From plain vanilla swaps to swaptions to circus swaps here s themost comprehensive, practical introduction to the global world ofswaps Understanding Swaps Financial personnel, corporate treasurersand professional cash managers seeking a practical, hands-onintroduction to swaps sophisticated financial instruments usedglobally to control interest payments, manage debt, and enhanceinvestment portfolios need look no further than UnderstandingSwaps. "Jack Marshall and Ken Kapner have done a superb job of providing acomplete, easy-to-read primer to derivative products. Using clearlanguage and concise examples, it lays out the world of swaps forthe practitioner, student, accountant, lawyer or regulator." RobertJ. Schwartz EUP and Chief Operating Officer Mitsubishi CapitalMarkets, Inc. "Marshall and Kapner have produced an exceptionally cogentdescription and analysis of the swaps market along with itsessential technical and theoretical underpinnings. This book shouldbe number one on the reading list for any student or practitionerof contemporary financial techniques." J. Michael Payte SeniorManaging Director Bear Sterns & Co., Inc. "Understanding Swaps details the complete world of swaps: thebasics (interest rate and currency swaps), the vogue (equity andcommodity swaps), and the future (macroeconomic swaps). Indeed,Understanding Swaps is the book I would recommend to someone for acomprehensive and very readable primer on swaps." Carolyn JacksonFirst Vice President Banque Indosuez

Understanding Swaps

John Francis Marshall,Kenneth R. Kapner
Understanding Swaps Book PDF

Author : John Francis Marshall,Kenneth R. Kapner
Publisher : University of Texas Press
Page : 296 pages
File Size : 55,8 Mb
Release : 1993-11-08
Category : Business & Economics
ISBN : 0471308277

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Understanding Swaps by John Francis Marshall,Kenneth R. Kapner Pdf

Written by international experts on the theory and practice of swaps, this primer provides a conceptual and practical framework for grasping the seemingly complex field of swaps. Includes examples that show how complex financial structures can be built by using a number of different swaps.

Understanding Interest Rate Swaps

Mary S. Schaeffer,Mary S. Ludwig
Understanding Interest Rate Swaps Book PDF

Author : Mary S. Schaeffer,Mary S. Ludwig
Publisher : McGraw Hill Professional
Page : 334 pages
File Size : 47,9 Mb
Release : 1993-05-22
Category : Business & Economics
ISBN : 0070390207

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Understanding Interest Rate Swaps by Mary S. Schaeffer,Mary S. Ludwig Pdf

Shows what goes on in the daily operations of large Swap dealers and on the corporate user side as well. Highlights the potential trouble spots government regulators are zeroing in on. Shows how to master all the methodologies used in the international Swap market.

Interest Rate Swaps and Other Derivatives

Howard Corb
Interest Rate Swaps and Other Derivatives Book PDF

Author : Howard Corb
Publisher : Columbia University Press
Page : 623 pages
File Size : 48,5 Mb
Release : 2012-08-28
Category : Business & Economics
ISBN : 9780231530361

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Interest Rate Swaps and Other Derivatives by Howard Corb Pdf

The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

Interest Rate Swaps and Their Derivatives

Amir Sadr
Interest Rate Swaps and Their Derivatives Book PDF

Author : Amir Sadr
Publisher : John Wiley & Sons
Page : 276 pages
File Size : 48,5 Mb
Release : 2009-09-09
Category : Business & Economics
ISBN : 9780470443941

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Interest Rate Swaps and Their Derivatives by Amir Sadr Pdf

An up-to-date look at the evolution of interest rate swaps and derivatives Interest Rate Swaps and Derivatives bridges the gap between the theory of these instruments and their actual use in day-to-day life. This comprehensive guide covers the main "rates" products, including swaps, options (cap/floors, swaptions), CMS products, and Bermudan callables. It also covers the main valuation techniques for the exotics/structured-notes area, which remains one of the most challenging parts of the market. Provides a balance of relevant theory and real-world trading instruments for rate swaps and swap derivatives Uses simple settings and illustrations to reveal key results Written by an experienced trader who has worked with swaps, options, and exotics With this book, author Amir Sadr shares his valuable insights with practitioners in the field of interest rate derivatives-from traders and marketers to those in operations.

Trading and Pricing Financial Derivatives

Patrick Boyle,Jesse McDougall
Trading and Pricing Financial Derivatives Book PDF

Author : Patrick Boyle,Jesse McDougall
Publisher : Walter de Gruyter GmbH & Co KG
Page : 298 pages
File Size : 46,8 Mb
Release : 2018-12-17
Category : Business & Economics
ISBN : 9781547401215

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Trading and Pricing Financial Derivatives by Patrick Boyle,Jesse McDougall Pdf

Trading and Pricing Financial Derivatives is an introduction to the world of futures, options, and swaps. Investors who are interested in deepening their knowledge of derivatives of all kinds will find this book to be an invaluable resource. The book is also useful in a very applied course on derivative trading. The authors delve into the history of options pricing; simple strategies of options trading; binomial tree valuation; Black-Scholes option valuation; option sensitivities; risk management and interest rate swaps in this immensely informative yet easy to comprehend work. Using their vast working experience in the financial markets at international investment banks and hedge funds since the late 1990s and teaching derivatives and investment courses at the Master's level, Patrick Boyle and Jesse McDougall put forth their knowledge and expertise in clearly explained concepts. This book does not presuppose advanced mathematical knowledge, though it is presented for completeness for those that may benefit from it, and is designed for a general audience, suitable for beginners through to those with intermediate knowledge of the subject.

Understanding Swap Finance

John Francis Marshall,Kenneth R. Kapner
Understanding Swap Finance Book PDF

Author : John Francis Marshall,Kenneth R. Kapner
Publisher : Thomson South-Western
Page : 184 pages
File Size : 48,8 Mb
Release : 1990
Category : Swap (Finance)
ISBN : UCSD:31822004878823

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Understanding Swap Finance by John Francis Marshall,Kenneth R. Kapner Pdf

Includes bibliographical references and index.

Swaps and Other Derivatives

Richard R. Flavell
Swaps and Other Derivatives Book PDF

Author : Richard R. Flavell
Publisher : John Wiley & Sons
Page : 393 pages
File Size : 53,5 Mb
Release : 2010-01-19
Category : Business & Economics
ISBN : 9780470721919

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Swaps and Other Derivatives by Richard R. Flavell Pdf

"Richard Flavell has a strong theoretical perspective on swaps with considerable practical experience in the actual trading of these instruments. This rare combination makes this welcome updated second edition a useful reference work for market practitioners." —Satyajit Das, author of Swaps and Financial Derivatives Library and Traders and Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives Fully revised and updated from the first edition, Swaps and Other Derivatives, Second Edition, provides a practical explanation of the pricing and evaluation of swaps and interest rate derivatives. Based on the author’s extensive experience in derivatives and risk management, working as a financial engineer, consultant and trainer for a wide range of institutions across the world this book discusses in detail how many of the wide range of swaps and other derivatives, such as yield curve, index amortisers, inflation-linked, cross-market, volatility, diff and quanto diffs, are priced and hedged. It also describes the modelling of interest rate curves, and the derivation of implied discount factors from both interest rate swap curves, and cross-currency adjusted curves. There are detailed sections on the risk management of swap and option portfolios using both traditional approaches and also Value-at-Risk. Techniques are provided for the construction of dynamic and robust hedges, using ideas drawn from mathematical programming. This second edition has expanded sections on the credit derivatives market – its mechanics, how credit default swaps may be priced and hedged, and how default probabilities may be derived from a market strip. It also prices complex swaps with embedded options, such as range accruals, Bermudan swaptions and target accrual redemption notes, by constructing detailed numerical models such as interest rate trees and LIBOR-based simulation. There is also increased discussion around the modelling of volatility smiles and surfaces. The book is accompanied by a CD-ROM where all the models are replicated, enabling readers to implement the models in practice with the minimum of effort.

Swaps and Other Derivatives

Richard R. Flavell
Swaps and Other Derivatives Book PDF

Author : Richard R. Flavell
Publisher : Wiley
Page : 464 pages
File Size : 46,8 Mb
Release : 2002-07-09
Category : Business & Economics
ISBN : 0471495891

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Swaps and Other Derivatives by Richard R. Flavell Pdf

Swaps and Other Instruments focuses on the pricing and hedging of swaps, showing how various models work in practice and how they can be built. The book also covers options and interest rates as they relate to swaps, as they are often traded together. The book will include coverage of all the latest swaps including credit, commodity and equity swaps. Exercises and simulations are also provided on an accompanying CD ROM, including Excel spreadsheets enabling the reader to simulate and build their own spreadsheet models.

Interest Rate Swaps and Other Derivatives

Howard Corb
Interest Rate Swaps and Other Derivatives Book PDF

Author : Howard Corb
Publisher : Columbia University Press
Page : 624 pages
File Size : 53,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780231159647

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Interest Rate Swaps and Other Derivatives by Howard Corb Pdf

The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

Currency Swaps

Brian Coyle
Currency Swaps Book PDF

Author : Brian Coyle
Publisher : Taylor & Francis
Page : 132 pages
File Size : 45,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 1579582974

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Currency Swaps by Brian Coyle Pdf

The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.

Understanding Credit Derivatives and Related Instruments

Antulio N. Bomfim
Understanding Credit Derivatives and Related Instruments Book PDF

Author : Antulio N. Bomfim
Publisher : Academic Press
Page : 420 pages
File Size : 44,7 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

Swap Literacy

Elizabeth Ungar
Swap Literacy Book PDF

Author : Elizabeth Ungar
Publisher : Unknown
Page : 158 pages
File Size : 52,9 Mb
Release : 1996
Category : Business & Economics
ISBN : 1576600017

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Swap Literacy by Elizabeth Ungar Pdf

This compact handbook will equip you to understand swaps and use them effectively. It is designed for anyone who deals with swap professionals or monitors the arrangements they make. If you are a CEO, a financial officer, or one who runs a business or manages a portfolio - in fact, if you are concerned in any way with cash flows - you need to know what is in this book. Swap Literacy lays out the origins, history, types, and uses of swaps and then provides a detailed, alphabetical lookup that expands on more than 20 categories of swap and swap-related topics, such as marking to market, accounting, and types of risk. The emphasis is always on understanding when and how to use each type. Swap Literacy explains how swaps actually work, what happens during their life cycles, what swaps can and cannot do, and when to use an alternative. It also describes how to reverse or unwind the swap if conditions go against you. The concepts that this book clarifies will enable managers who know how beneficial swaps can be - and who know how quickly things can go wrong when swaps are misused - to ask the right questions, evaluate the answers they get and choose the right move to make.

Swaps

Sherree DeCovny
Swaps Book PDF

Author : Sherree DeCovny
Publisher : Unknown
Page : 224 pages
File Size : 53,7 Mb
Release : 1998
Category : Business & Economics
ISBN : PSU:000031838078

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Swaps by Sherree DeCovny Pdf

While swaps have become an essential asset and liability management tool for many large organisations, other potential users lack a basic understanding of the products and their use. Swaps provides clear and simple examples enabling you to venture into the more complex aspects of swaps.

Securitisation Swaps

Mark Aarons,Vlad Ender,Andrew Wilkinson
Securitisation Swaps Book PDF

Author : Mark Aarons,Vlad Ender,Andrew Wilkinson
Publisher : John Wiley & Sons
Page : 232 pages
File Size : 43,9 Mb
Release : 2019-04-08
Category : Business & Economics
ISBN : 9781119532279

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Securitisation Swaps by Mark Aarons,Vlad Ender,Andrew Wilkinson Pdf

Develop the skillset essential to successful securitisation swaps management Securitisation Swaps is a complete practitioner’s guide to this unique and complex class of derivatives. This detailed examination follows the entire life cycle of securitisation swaps to give quants, structurers, traders, originators, issuers and lawyers a common reference for understanding their shared objective. Broad in scope to provide a common-ground perspective — yet detailed enough to promote full understanding — the discussion takes a distinctly cross-disciplinary approach that encompasses the multi-faceted knowledge base required to successfully execute these complex trades. Despite the fact that the size of the market is trillions of dollars in notional principal, securitisation swaps have thus far been neglected in both academic and practitioner literature. The numerous stakeholders that work together on these complex deals will all greatly benefit from a thorough understanding of their underlying risks and gain deep insight into the perspectives of each stakeholder. This invaluable guide provides multi-disciplinary insight that allows practitioners to: Manage securitisation swaps more effectively, from pre-trade structuring and modelling to post-trade risk management and accounting Understand the elements of securitisation and covered bonds, and how swaps mitigate risk in these types of transactions Explore how securitisation swaps differ from other derivatives and delve into their three specific risk factors — swap prepayment risk, swap extension risk and downgrade risk Learn practical methods and strategies of risk management, accounting, pricing and transaction execution When securitisation trades go wrong, they become front-page news — but when each participant understands accurate modelling, risk mitigation, optimal structuring, costs, pricing, commercial backgrounds and other integral practices, they are able to work together to achieve a shared objective. Securitisation Swaps provides the essential knowledge that streamlines and safeguards these important trades.