The Mastering
2 total works
"Mastering Financial Calculations" starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cashflow analysis, and then shows you step-by-step how to master the essential calculations and financial techniques for using the full range of products in the markets. The links between the different instruments and the resulting arbitrage opportunities are fully explored, together with the practical difficulties. Making use of many worked examples and practical exercises, the book goes on to explain concepts such as forward pricing, duration analysis, the different approaches to bond yield calculations, zero-coupon and yield curve analysis, swap valuation and option pricing in a clear and accessible way, at each stage illustrating their application using a programmable calculator. Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give you the ability to manipulate and apply the relevant techniques with speed and confidence in your marketplace.
The book includes essential course material and practice exercises for ACI qualifications.
The book includes essential course material and practice exercises for ACI qualifications.
Domestic and international repo markets have grown dramatically over the last few years. This is because of an increasing need to be able to take and hedge short positions in the capital and derivatives markets; growing concern over counterparty credit risk; and the favorable capital adequacy treatment given to repos. Most important of all is the growing awareness among market participants of the flexibility of repos and wide range of markets and circumstances in which they can be of benefit. Mastering Repo Markets is the most-up-to-date practical primer in the professional markets, focusing on the instruments, applications and risk-management techniques essential for success in this rapidly growing, fast evolving market. A fully international, interactive book, it addresses market conditions, product characteristics, pricing and valuation calculations, trading strategies and risk management. The only book covering these markets in this way, Mastering Repo Markets contains worked examples and exercises throughout, practice drills which reflect the style of the ACI exams, plus a complete practice examination paper.