Books in Financial institutions and services

Gilt-Edged Market

1st Edition
May 1, 2003
Moorad Choudhry + 2 more
English
eBook
9 7 8 0 0 8 0 4 7 2 8 6 7

The Gilt-Edged Market is specifically aimed at finance professionals and investors who need to understand the inner working of the United Kingdom gilt market. There is detailed coverage of the different gilt instruments, as well as a look at the structures, institutions and practices of the market itself.Topics include:* Bond basics* Conventional gilts* Index-linked gilts* Gilt strips* The gilt repo market* The gilt bond future basis* Yield spread trading using giltsThere are also personal reminiscenes that illustrate the great changes that have occurred in this market since Big Bang, as well as an exposition on the art of trading.The Gilt-Edged Market is ideal reading for traders, salespersons, fund managers, private investors and other professionals involved to any extent in the UK gilt market.

Derivative Instruments

1st Edition
March 24, 2003
Brian Eales + 1 more
English
eBook
9 7 8 0 0 8 0 5 0 3 8 9 9

The authors concentrate on the practicalities of each class of derivative, so that readers can apply the techniques in practice. Product descriptions are supported by detailed spreadsheet models, illustrating the techniques employed.This book is ideal reading for derivatives traders, salespersons, financial engineers, risk managers, and other professionals involved to any extent in the application and analysis of OTC derivatives.

Real R & D Options

1st Edition
December 5, 2002
Dean Paxson
English
eBook
9 7 8 0 0 8 0 4 9 7 9 7 6

Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test information, new product development timing, operations, abandonment, risk sharing, market funding, industry strategy and regulation. This book was partly motivated by requests to identify and develop real option models for R&D in telecommunications, petroleum technology and biotechnology. Nine new models cover information and implementation costs, analytical solutions for mean reverting, or fat tailed revenues, endogenous learning and exogenous and experiential shocks, American sequential options, and innovator advantages. Four new applications include forward start development options, exploration options, innovation with information costs, and innovator's real values with changing market share. R&D directors and researchers will find several uses for these models: general R&D planning evaluating test information new product development timing risk sharing industry strategy and regulation

Understanding the Markets

1st Edition
September 4, 2002
David Loader
English
Hardback
9 7 8 0 7 5 0 6 5 4 6 5 4
eBook
9 7 8 0 0 8 0 5 2 0 0 4 9

An analysis of the major securities, derivatives and money markets from an operations point of view, 'Understanding the Markets' takes the reader through the major features and characteristics of the markets and the products. The relationship between the trading and dealing functions and the operations functions is examined and the issues discussed.This book looks at the financial markets from the viewpoint of the person working in the operations functions that support the trading, dealing and investment processes, and as such is essential reading in order to fully understand the industry - an industry which has gone, and is still going through, much change.As the markets undergo change so too do the administration, clearing and settlement functions, as the clearing houses, securities depositories and custodians merge and diversify. This is going to impact on the operations teams that support the trading, sales and retail business. A failure to be aware of and to understand the impact of changes in the markets will create massive problems, greater risk and ultimately financial losses. And yet the sheer size and diversity of the global markets, together with the rapid pace of change and expansion, and the increasing volume of transactions needing to be processed, presents a massive challenge to operations teams and managers. Knowing how the markets work and what impacts on the operations team is crucial for managers and supervisors. In this book the author provides a full explanation of the markets and their impact in operations terms. So if you are about to embark on a career in operations 'Understanding the Markets' is essential reading. Alternatively, if you are planning a career as a dealer it will prove very useful in explaining the process that occurs after you have traded.

Risk Management, Speculation, and Derivative Securities

1st Edition
June 10, 2002
Geoffrey Poitras
English
eBook
9 7 8 0 0 8 0 4 8 0 7 5 6

Its unified treatment of derivative security applications to both risk management and speculative trading separates this book from others. Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, Risk Management, Speculation, and Derivative Securities is the only standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives. After offering a general framework for risk management and speculation using derivative securities, it explores specific applications to forward contracts and options. Not intended as a comprehensive introduction to derivative securities, Risk Management, Speculation, and Derivative Securities is the innovative, useful approach that addresses new developments in derivatives and risk management.

An Introduction to Executive Compensation

1st Edition
April 13, 2002
Steven Balsam
English
eBook
9 7 8 0 0 8 0 4 9 0 4 2 7

General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason--executives need incentives in order to maximize firm value (economists call this "agency theory")--it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), perquisites (reflecting the status of the executive within the organizational culture. This book is important because it takes the elements of an executive compensation package apart, analyzing them in the contexts of both economic theory and corporate practice and then explains how, under varying conditions, one might construct a compensation package that optimizes an executive's and a corporation's performance.

Gas Trading Manual

2nd Edition
July 20, 2001
David Long + 2 more
English
eBook
9 7 8 1 8 5 5 7 3 8 5 1 5

Since its launch in 2001, Gas Trading Manual (GTM) has established itself as the leading information source on the international gas market. Compiled from the contributions of some of the most senior and widely respected figures in the trade, this edition provides detailed and accurate analysis on all aspects of this complex business from the geography of gas through to the markets, trading instruments, contracts, gas pricing, accounting and taxation. This edition further enhances its reputation as the indispensable practical companion for all those involved in the trading of gas.

Transfer Pricing for Financial Institutions

1st Edition
July 3, 2001
John Smullen
English
eBook
9 7 8 1 8 5 5 7 3 7 0 9 9

Establishing and maintaining effective transfer pricing policies is a key challenge in today's increasingly competitive international financial services sector. There are numerous issues involved, from the requirements of shareholders and risk management to the allocation of capital. There are also many different techniques for establishing efficient transfer pricing systems within an organisation.This illuminating handbook provides a thorough introduction to transfer pricing and its uses within financial organisations, as well as a clear analysis of all the issues involved. Transfer pricing is so complex and variable that there can be no definitive blueprint for success: however, in this book John Smullen has provided a vital contribution to the debate and a much-needed clarification of this important topic.Some of the areas covered:What transfer pricing is and why it is usedWhy transfer prices are so appropriate for financial institutionsWhy each organisation needs to approach the introduction of transfer prices differentlyHow transfer pricing works in commercial organisationsThe different types of transfer priceSpecific analysis of the transfer pricing of funds, capital and derivativesHow to evaluate risk adjusted performance measuresThe complexities of estimating marginal costs and revenuesA framework for understanding the motivation of shareholders, managers and regulatorsHow transfer pricing works as part of management information strategyThis lucid and authoritative handbook will help you to:Understand the different techniques used in transfer pricingEstablish transfer prices in line with your organisation's strategy and objectivesMake sound decisions, minimise risk and achieve better outcomesThis is a book for people involved in raising and loaning funds in today's global markets who wants to understand the issues involved in transfer pricing and the techniques required. It will be used by banking, investment, insurance and other financial organisations worldwide.

Corporate Bonds and Structured Financial Products

1st Edition
August 29, 2000
Moorad Choudhry
English
Hardback
9 7 8 0 7 5 0 6 6 2 6 1 1
eBook
9 7 8 0 0 8 0 4 7 6 8 7 2

This book is a detailed account of the instruments that are used in the corporate bond markets, from conventional "plain vanilla" bonds to hybrid instruments and structured products. There is background information on bond pricing and yield, as well as a detailed look at the yield curve. The book covers the full set of instruments used by companies to raise finance, and which are aimed at a wide range of investors. It also discusses the analysis of these instruments. Topics covered include:*Bond basics*The yield curve*Callable bonds*Convertible bonds*Eurobonds*Warr... paper*Corporate bonds credit analysis*Securitisat... securities*Mortgage-... securities*Collatera... Debt Obligations*Syntheti... CDOsWritten by one of the leading names in the fixed income markets today, this book should prove to be an invaluable reference guide for all those with an interest in corporate bond markets, whether as practitioners, consultants or researchers.

The Coal Industry

1st Edition
July 31, 2000
Charles Kernot
English
eBook
9 7 8 1 8 4 5 6 9 1 9 0 5

The size and global reach of the coal industry is unparalleled in the mining sector. Almost 500 million tonnes of coal are shipped annually around the world at a traded value of around US$15bn, but the total amount of coal mined each year amounts to some 3.8 billion tonnes. This puts the total value of annual production at around US$100bn - far higher than the next most important mined commodity, aluminium.The Coal Industry provides an in-depth overview of the international coal trade at the turn of the millennium. In 330 pages of clearly presented information, analysis and statistics, it brings the industry into sharp focus – from productivity and power plants to growth prospects and global warming.Detailed data, authoritative analysisRead this guide and find out about:How the coal industry has developed from its earliest beginningsHow the latest processing treatments are creating a wider market for coalThe factors which will guide coal markets over the next decadeHow concerns over greenhouse gas and nuclear energy could have a positive effect on coal demandThe recent growth in supply from Colombia, Indonesia and Venezuela and the changing structure of the European industryThe activities of the major producers and their chances for improved profitabilityThe environmental impact of coal and how it can be reducedThe Coal Industry is essential reading for industry executives, the financial community and government policy-makers, as well as providing an excellent introduction and training resource for new entrants to the industry.

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