Angebote zu "Credits" (802.006 Treffer)

Structured Credit Products - Credit Derivatives...
59,99 € *
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Updated coverage of structured credit products with in-depth coverage of the latest developments Structured credit products are one of todays fastest growing investment and risk management mechanisms, and a focus of innovation and creativity in the capital markets. The building blocks of these products are credit derivatives, which are among the most widely used products in finance. This book offers a succinct and focused description of the main credit derivative instruments, as well as the more complex products such as synthetic collateralized debt obligations. This new edition features updated case studies from Europe and Asia, the latest developments in synthetic structures, the impact of the subprime meltdown, and a CD-ROM of models and teaching aids. Moorad Choudhry returns with this excellent update of the credit derivatives market. The second edition of his classic work is, like the subject matter itself, at the forefront of the financial industry. It deserves a wide readership. — Dr Didier Joannas Regional Director, Thomson Reuters, Hong Kong This is the perfect companion for both experienced and entry level professionals working in the structured credit fraternity. It is an erudite, insightful and enjoyable read that successfully demystifies one of the most topical subject areas in banking today, while also providing important practical examples that link the theory to the job itself. — Dr James Berriman Global Pricing Unit, Royal Bank of Scotland Moorad Choudhry has earned a deserved reputation from both academics and practitioners as one of the leading practical yet rigorous authors of finance books. In this Second Edition, his practical knowledge of credit derivatives keeps the audience engaged with straightforward explanations of complicated structures, and an accessible level of mathematical sophistication necessary to understand structured credit products. The author offers complete, rigorous analysis while avoiding overuse of mathematical formulas and carefully balanced practical and theoretical aspects of the subject. I strongly recommend this book for those wishing to gain an intuitive understanding of structured credit products, from practitioners to students of finance! — Mohamoud Barre Dualeh Senior Product Developer, Abu Dhabi Commercial Bank, UAE This is THE book for credit derivative trading. From first steps to advanced trading strategies, this is invaluable. Well written and insightful, perfect for ad hoc reference or reading cover to cover. — Andrew Benson ETF Market Making, KBC Peel Hunt, London Professor Choudhry has inspired me to really get into credit derivatives. It’s great to be lectured by someone with such energy and practical hands-on experience, as well as the ability to get stuck into the details. — George Whicheloe Equity-Linked Technology, Merrill Lynch, London Moorad Choudhry is Head of Treasury at Europe Arab Bank plc in London. He is a Visiting Professor at the Department of Economics at London Metropolitan University. Moorad Choudhry is Head of Treasury at Europe Arab Bank plc in London, and Visiting Professor at the Department of Economics, London Metropolitan University. He lives in Surrey, England.

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Stand: 07.11.2017
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Investing in Mortgage-Backed and Asset-Backed S...
64,99 € *
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A complete guide to investing in and managing a portfolio of mortgage- and asset-backed securities Mortgage- and asset-backed securities are not as complex as they might seem. In fact, all of the information, financial models, and software needed to successfully invest in and manage a portfolio of these securities are available to the investment professional through open source software. Investing in Mortgage and Asset-Backed Securities + Website shows you how to achieve this goal. The book draws entirely on publicly available data and open source software to construct a complete analytic framework for investing in these securities. The analytic models used throughout the book either exist in the quantlib library, as an R package, or are programmed in R and incorporated into the analytic framework used. Examines the valuation of fixed-income securities-metrics, valuation framework, and return analysis Covers residential mortgage-backed securities-security cash flow, mortgage dollar roll, adjustable rate mortgages, and private label MBS Discusses prepayment modeling and the valuation of mortgage credit Presents mortgage-backed securities valuation techniques-pass-through valuation and interest rate models Engaging and informative, this book skillfully shows you how to build, rather than buy, models and proprietary analytical platforms that will allow you to invest in mortgage- and asset-backed securities. GLENN SCHULTZ, CFA (Chicago IL) is the Director of Mortgage Analytics for Performance Trust Capital Partners. Prior to joining Performance Trust he served as the Head of Mortgage and Asset Backed research for Wells Fargo Capital Markets, LLC in Charlotte, NC. While at Wells Fargo, he led his team of analysts to a top 5 institutional investor ranking in non-agency prepayment analysis and consumer ABS. Schultz co-edited (with Frank Fabozzi) Structured Products and Related Credit Derivatives (Wiley) as well as authored several chapters in the Handbook of MBS Securities and The Handbook of Fixed Income Securities .

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Stand: 07.11.2017
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Investing in Mortgage-Backed and Asset-Backed S...
64,99 € *
ggf. zzgl. Versand

A complete guide to investing in and managing a portfolio of mortgage- and asset-backed securities Mortgage- and asset-backed securities are not as complex as they might seem. In fact, all of the information, financial models, and software needed to successfully invest in and manage a portfolio of these securities are available to the investment professional through open source software. Investing in Mortgage and Asset-Backed Securities + Website shows you how to achieve this goal. The book draws entirely on publicly available data and open source software to construct a complete analytic framework for investing in these securities. The analytic models used throughout the book either exist in the quantlib library, as an R package, or are programmed in R and incorporated into the analytic framework used. Examines the valuation of fixed-income securities-metrics, valuation framework, and return analysis Covers residential mortgage-backed securities-security cash flow, mortgage dollar roll, adjustable rate mortgages, and private label MBS Discusses prepayment modeling and the valuation of mortgage credit Presents mortgage-backed securities valuation techniques-pass-through valuation and interest rate models Engaging and informative, this book skillfully shows you how to build, rather than buy, models and proprietary analytical platforms that will allow you to invest in mortgage- and asset-backed securities. GLENN SCHULTZ, CFA (Chicago IL) is the Director of Mortgage Analytics for Performance Trust Capital Partners. Prior to joining Performance Trust he served as the Head of Mortgage and Asset Backed research for Wells Fargo Capital Markets, LLC in Charlotte, NC. While at Wells Fargo, he led his team of analysts to a top 5 institutional investor ranking in non-agency prepayment analysis and consumer ABS. Schultz co-edited (with Frank Fabozzi) Structured Products and Related Credit Derivatives (Wiley) as well as authored several chapters in the Handbook of MBS Securities and The Handbook of Fixed Income Securities .

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Stand: 07.11.2017
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Currency - Fundamentals and Functions
10,70 € *
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This text is designed to establish an understanding of the fundamentals of currency. It provides a cursory overview of the international Monetary System of which currency is the core. To enhance the readers foundation, the second phase of the text provides an explanation of how and why the International Monetary Fund was established. That formation is tracked from initial formation of a fixed par value to our modern day system of floating exchange rates. With those fundamentals established, a presentation is provided to enable the reader to entertain the basic functioning of currency in the context of a global setting; the functioning of domestic international markets and external-Eurocurrency markets. That function process introduces sovereign and credit risks that accompany currency in the International Monetary System. A brief but concise presentation is provided to the reader to explain the source of these risks and the reason. Lastly, currency in itself has taxable transaction features. In a global setting it necessitates recognition of a means to manage those risks inherent in global trade, external currency markets, and capital investment. These facets are explained and documented. Tulane University School of Law Graduate School of Law Program, Doctor of Juridical Science (S.J.D. 1996), New Orleans, Louisiana; Boston University School of Law Graduate Program in Banking Law Studies (LL.M. International Banking, 1992); Boston Massachusetts; Boston University School of Law Graduate Tax Program (LL.M. Taxation 1974); Cumberland School of Law of Samford University, Birmingham, Alabama (J.D. 1973); Minnesota State University, Mankato, Minnesota (B.S.B.A. 1969). Licensed to practice law: The Florida Bar and The Tennessee Bar, and admitted to the United States Tax Court and the United States Court of Federal Claims.

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Stand: 09.04.2018
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The Quants - How a New Breed of Math Whizzes Co...
3,99 € *
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n March of 2006, the worlds richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes, but those numbers meant nothing to them. They were accustomed to risking billions. At the card table that night was Peter Muller, an eccentric, whip-smart whiz kid whod studied theoretical mathematics at Princeton and now managed a fabulously successful hedge fund called PDT...when he wasnt playing his keyboard for morning commuters on the New York subway. With him was Ken Griffin, who as an undergraduate trading convertible bonds out of his Harvard dorm room had outsmarted the Wall Street pros and made money in one of the worst bear markets of all time. Now he was the tough-as-nails head of Citadel Investment Group, one of the most powerful money machines on earth. There too were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR, a man as famous for his computer-smashing rages as for his brilliance, and Boaz Weinstein, chess life-master and king of the credit default swap, who while juggling $30 billion worth of positions for Deutsche Bank found time for frequent visits to Las Vegas with the famed MIT card-counting team.

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Stand: 12.12.2017
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Mathematical Methods for Finance - Tools for As...
92,99 € *
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The mathematical and statistical tools needed in the rapidly growing quantitative finance field With the rapid growth in quantitative finance, practitioners must achieve a high level of proficiency in math and statistics. Mathematical Methods and Statistical Tools for Finance , part of the Frank J. Fabozzi Series, has been created with this in mind. Designed to provide the tools needed to apply finance theory to real world financial markets, this book offers a wealth of insights and guidance in practical applications. It contains applications that are broader in scope from what is covered in a typical book on mathematical techniques. Most books focus almost exclusively on derivatives pricing, the applications in this book cover not only derivatives and asset pricing but also risk management-including credit risk management-and portfolio management. Includes an overview of the essential math and statistical skills required to succeed in quantitative finance Offers the basic mathematical concepts that apply to the field of quantitative finance, from sets and distances to functions and variables The book also includes information on calculus, matrix algebra, differential equations, stochastic integrals, and much more Written by Sergio Focardi, one of the worlds leading authors in high-level finance Drawing on the authors perspectives as a practitioner and academic, each chapter of this book offers a solid foundation in the mathematical tools and techniques need to succeed in todays dynamic world of finance. SERGIO M. FOCARDI, PhD, is a Visiting Professor in the College of Business at the State University of New York at Stony Brook and founding partner of the Paris-based consulting firm The Intertek Group. He is a member of the editorial board of the Journal of Portfolio Management . Focardi has authored numerous articles and books on financial modeling and risk management and three monographs for the Research Foundation of the CFA Institute. FRANK J. FABOZZI, PhD, CFA, is Professor of Finance at EDHEC Business School and a member of the EDHEC-Risk Institute. Prior to joining EDHEC in August 2011, he held various professorial positions in finance at Yale Universitys School of Management from 1994 to 2011 and was a visiting professor of finance and accounting at MITs Sloan School of Management from 1986 to 1992. He is also Editor of the Journal of Portfolio Management. TURAN G. BALI, PhD, is the Robert S. Parker Chair Professor of Business Administration at the McDonough School of Business at Georgetown University. Before joining Georgetown, Professor Bali was the David Krell Chair Professor of Finance at Baruch College and the Graduate School and University Center of the City University of New York. He also held visiting faculty positions at New York University and Princeton University. Professor Bali has published more than fifty articles in economics and finance journals. He is currently an associate editor of the Journal of Banking and Finance, Journal of Futures Markets, Journal of Portfolio Management, and Journal of Risk .

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Stand: 12.12.2017
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Underwriting Services and the New Issues Market
98,71 € *
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Underwriting Services and the New Issues Market integrates practice, theory and evidence from the global underwriting industry to present a comprehensive description and analysis of underwriting practices. After covering the regulation and mechanics of the underwriting process, it considers economic topics such as underwriting costs and compensation, the pricing of new issues, the stock price and operating performance of issuing firms, the evaluation of new issue decisions, and an analysis of the many choices issuers face in structuring new issues. Unlike other books, it systematically develops a critical perspective about underwriting practices, both in the U.S. and international markets, and with a level of detail unavailable elsewhere and an approach that reveals how financial institutions deliver underwriting services. Underwriting Services and the New Issues Market delivers an innovative and long overdue look at security issuance. Foreword by Frank Fabozzi Covers underwriting contracts and arrangements on pricing and costs Focuses on the financial consequences of the issuance decision for the firm Describes and evaluates decisions regarding the features and structure of new security offerings. George J. Papaioannou is a Distinguished Professor Emeritus at Hofstra University and serves as First Vice Chair on the Board of NEFCU Federal Credit Union. While teaching at Hofstra, he co-founded and co-directed the Center for International Financial Services and Markets at the Zarb School of Business and was one of the founders of the Multinational Finance Society. He has been on the editorial board of the Journal of Financial Services Marketing and currently serves as the North-American Editor of this journal. He was the C. V. Starr Distinguished Professor in Finance and Investment Banking at the Zarb School where he also served as Vice Dean. He has taught courses in investment banking and corporate finance and published in topics including, the listing of securities, capital structure, mergers, and underwriting markets. His research has appeared in Financial Management, Journal of Financial Research, The Financial Review and many other journals. He has presented his work in many academic conventions and has organized conferences and other academic meetings. George Papaioannou holds a B.S. degree from the Economic University of Athens (Greece), a MBA degree from Dusqesne University and a Ph.D. degree from the Pennsylvania State University.

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Stand: 07.11.2017
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Land and Credit - Mortgages in the Medieval and...
142,79 € *
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This volume investigates the use of mortgages in the European countryside between the thirteenth and eighteenth centuries. A mortgage allowed a loan to be secured with land or other property, and the practice has been linked to the transformation of the agrarian economy that paved the way for modern economic growth. Historians have viewed the mortgage both positively and negatively: on the one hand, it provided borrowers with opportunities for investment in agriculture; but equally, it exposed them to the risk of losing their mortgaged property. The case studies presented in this volume reveal the variety of forms that the mortgage took, and show how an intricate balance was struck between the interests of the borrower looking for funds, and those of the lender looking for security. It is argued that the character of mortgage law, and the nature of rights in land in operation in any given the place and period, determined the degree to which mortgages were employed. Over time, developments in these factors allowed increasing numbers of peasants to use mortgages more freely, and with a decreasing risk of expropriation. This volume will be appealing to academics and researchers interested in financial history, credit and debt. Chris Briggs , PhD, is a Senior Lecturer in Medieval British Social and Economic History at the University of Cambridge, UK, and affiliated to Selwyn College, Cambridge. Dr Briggs is the author of a number of studies of credit and debt in the medieval economy, including Credit and village society in fourteenth century England (2009). Jaco Zuijderduijn , PhD, is a Senior Lecturer at the Department of Economic History at Lund University, Sweden. He publishes widely on the financial history of the later Middle Ages, with a particular focus on how individuals made use of financial markets. He is the author of Medieval capital markets. Markets for renten, state formation and private investment in Holland (1300-1550) (2009).

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Stand: 26.03.2018
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Credit Rating Agencies. What Impact Do They Hav...
14,99 € *
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Fachbuch aus dem Jahr 2015 im Fachbereich VWL - Geldtheorie, Geldpolitik, Note: 1,3, FOM Essen, Hochschule für Oekonomie & Management gemeinnützige GmbH, Hochschulleitung Essen früher Fachhochschule, Sprache: Deutsch, Abstract: This assignment analyses the impact of Credit Rating Agencies on the financial market focusing on corporate institutions. In the case of Enron, a former American energy, commodities and services company, it received good credit ratings up until four days before bankruptcy. Other examples like Lehman Brothers or WorldCom show, that Moodys, S&P and Fitch still rated these companies as safe investments days before their bankruptcy. Credit Rating Agencies influence about 80% of the world market capital. The industry is dominated by S&P and Moodys which lead to a lack of competition. Ratings have an impact on the overall economic performance, recently proofed by the financial crisis caused in the US subprime mortgage market. The conflict of interest occurs from the issuer-pay model where almost all credit ratings are paid by the issuer of the instrument. CRAs are governed by the International Organization of Securities Commissions (IOSCO) which established a Code for Conduct Fundamentals for CRAs, a voluntary code without enforcement mechanisms. Authorities have responded with a range of regulatory reforms. There is currently no consensus on a common set of reform. The overall rating agencies do not take any responsibility for damage caused to governments or investors.

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Stand: 07.11.2017
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Retail Credit Risk Management
89,99 € *
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Introducing the fundamentals of retail credit risk management, this book provides a broad and applied investigation of the related modeling theory and methods, and explores the interconnections of risk management, by focusing on retail and the constant reference to the implications of the financial crisis for credit risk management. MARIO ANOLLI Università Cattolica del Sacro Cuore, Italy DAMIANO GUADALUPI Banca dItalia CORRADO GIANNASCA Barclays Bank, Italy EMANUELE GIOVANNINI Unicredit Bank, Italy ELISA ALGHISI MANGANELLO UBI Banca and Barclays Bank VALENTINA LEUCARI Free-lance Consultant ANTONIO ARFE Deloitte Consulting PAOLO GIANTURCO Deloitte Consulting LORENZO BOCCHI Prometeia Group TIZIANO BELLINI Prometeia Group RENZO TRAVERSINI SAS Institute srl, Italy ANSELMO MARMONTI SAS Institute srl, Italy FRANCESCO MERLIN McKinsey & Co.

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Stand: 30.01.2018
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