Author : Paul C. Harding
Publisher : Euromoney Books
Page : 84 pages
File Size : 11,32 MB
Release : 2004
Category : Credit
ISBN : 9781843741473
Standard ISDA Confirmation documentation is used in over 95% of credit derivative transactions, and this book provides you with a complete annotation of the revised 2003 ISDA Credit Derivatives Definitions.
Author : Paul C. Harding
Publisher :
Page : pages
File Size : 19,46 MB
Release : 2004
Category :
ISBN : 9781843744344
Author : Paul C. Harding
Publisher :
Page : pages
File Size : 18,7 MB
Release : 2004-06
Category :
ISBN : 9781843741268
Standard ISDA Confirmation documentation is used in over 95% of credit derivative transactions, and this book provides you with a complete annotation of the revised 2003 ISDA Credit Derivatives Definitions.
Author : Paul Harding
Publisher : Pearson UK
Page : 740 pages
File Size : 43,53 MB
Release : 2013-09-23
Category : Business & Economics
ISBN : 0273776444
Securities lending master agreements are vital for covering securities loans between contracting parties. They also offer legal and credit protection and a close-out netting procedure if a party defaults or goes bankrupt. These agreements are widely used by banks, securities houses, pension funds, hedge funds and insurance companies. Mastering Securities Lending Documentation is a practical guide to understanding the negotiation of these master agreements used in the United Kingdom, United States and Europe. It is an essential handbook for anyone involved in negotiating these agreements and includes: An introduction to the history and operations of the market A clear, user-friendly explanation of all paragraphs of the master agreements An easy-to use split page format with the original text and commentary Examples of commonly negotiated additions and amendments and their implications Answers to legal, risk and operational questions
Author : Satyajit Das
Publisher : John Wiley & Sons
Page : 824 pages
File Size : 43,64 MB
Release : 2005-05-09
Category : Business & Economics
ISBN :
The key areas of new/enhanced coverage include: inclusion of latest developments in documentation (the 2003 Credit Derivative Definitions and market developments such as Master Confirmations); and description of developments in structured credit products including: portfolio products; up-front credit default swaps; quanto credit default swaps; credit swaptions; zero recovery credit default swaps; first-to-default swaps/Nth-to-default swaps; asset swaptions/synthetic lending facilities/structured asset swaps; constant maturity credit spread products and constant maturity credit default swaps; credit index products; equity default swaps; increased coverage of credit linked notes including repackaging structures.
Author : David Murphy
Publisher : Springer
Page : 315 pages
File Size : 13,5 MB
Release : 2013-08-07
Category : Business & Economics
ISBN : 1137293861
After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.
Author : Areski Cousin
Publisher : Springer Science & Business Media
Page : 374 pages
File Size : 45,53 MB
Release : 2011-06-29
Category : Mathematics
ISBN : 3642146597
The Paris-Princeton Lectures in Financial Mathematics, of which this is the fourth volume, publish cutting-edge research in self-contained, expository articles from outstanding specialists - established or on the rise! The aim is to produce a series of articles that can serve as an introductory reference source for research in the field. The articles are the result of frequent exchanges between the finance and financial mathematics groups in Paris and Princeton. The present volume sets standards with five articles by: 1. Areski Cousin, Monique Jeanblanc and Jean-Paul Laurent, 2. Stéphane Crépey, 3. Olivier Guéant, Jean-Michel Lasry and Pierre-Louis Lions, 4. David Hobson and 5. Peter Tankov.
Author : Jochen Felsenheimer
Publisher : John Wiley & Sons
Page : 581 pages
File Size : 21,49 MB
Release : 2006-03-10
Category : Business & Economics
ISBN : 3527501983
The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350bn with respect to outstanding corporate bonds. As a result, credit risk trading and credit portfolio management gained significantly in importance. The book shows how to optimize, manage, and hedge liquid credit portfolios, i.e. applying innovative derivative instruments. Against the background of the highly complex structure of credit derivatives, the book points out how to implement portfolio optimization concepts using credit-relevant parameters, and basic Markowitz or more sophisticated modified approaches (e.g., Conditional Value at Risk, Omega optimization) to fulfill the special needs of an active credit portfolio management on a single-name and on a portfolio basis (taking default correlation within a credit risk model framework into account). This includes appropriate strategies to analyze the impact from credit-relevant newsflow (macro- and micro-fundamental news, rating actions, etc.). As credits resemble equity-linked instruments, we also highlight how to implement debt-equity strategies, which are based on a modified Merton approach. The book is obligatory for credit portfolio managers of funds and insurance companies, as well as bank-book managers, credit traders in investment banks, cross-asset players in hedge funds, and risk controllers.
Author : Timo Schläfer
Publisher : Springer Science & Business Media
Page : 124 pages
File Size : 33,38 MB
Release : 2011-05-18
Category : Business & Economics
ISBN : 3834966665
Timo Schläfer exploits the fact that differently-ranking debt instruments of the same issuer face identical default risk but different default-conditional recovery rates. He shows that this allows isolating recovery risk without any of the rigid assumptions employed by priors and implements his approach using credit default swap data.
Author : Stuart C. Gilson
Publisher : John Wiley & Sons
Page : 852 pages
File Size : 33,74 MB
Release : 2010-04-05
Category : Business & Economics
ISBN : 0470503521
An updated look at how corporate restructuring really works Stuart Gilson is one of the leading corporate restructuring experts in the United States, teaching thousands of students and consulting with numerous companies. Now, in the second edition of this bestselling book, Gilson returns to present new insight into corporate restructuring. Through real-world case studies that involve some of the most prominent restructurings of the last ten years, and highlighting the increased role of hedge funds in distressed investing, you'll develop a better sense of the restructuring process and how it can truly create value. In addition to "classic" buyout and structuring case studies, this second edition includes coverage of Delphi, General Motors, the Finova Group and Warren Buffett, Kmart and Sears, Adelphia Communications, Seagate Technology, Dupont-Conoco, and even the Eurotunnel debt restructuring. Covers corporate bankruptcy reorganization, debt workouts, "vulture" investing, equity spin-offs, asset divestitures, and much more Addresses the effect of employee layoffs and corporate downsizing Examines how companies allocate value and when a corporation should "pull the trigger" From hedge funds to financial fraud to subprime busts, this second edition offers a rare look at some of the most innovative and controversial restructurings ever.
