The Mastering Series – serie

Risks are everywhere in the business world. Mastering Risk Modelling provides the busy financial manager with useful tips andpractical templates for assessing, applying and modelling risk and uncertainty in Excel. The book is designed specifically to be of help to you if you don’t have time to start from scratch – it will improve your abilities in Excel and give you a library of basic examples that you can use as a basis for further development.

 

It covers:

• Review of model design

• Risk and uncertainty

• Credit risk

• Project finance

• Financial analysis

• Valuation

• Options

• Bonds

• Equities

• Value at risk

• Simulation

 

This second edition contains brand new chapters:

• Revised models

• More material on credit risk modelling e.g. portfolios, bankruptcy models

• Shows dual 2003/2007 Excel key strokes

• More theory especially on statistics in Excel

• Basic statistics in Excel – tools and methods

• Capacity to borrow and repay

• Finding optimum mix of risk and return

• Fixed income risk models

• Visual Basic approach

Published by the International Swaps and Derivatives Association, the 1992 and 2002 ISDA® Master Agreements are the main contracts used in the over the counter global derivatives market. Mastering the ISDA Master Agreements provides a practical, clear and useful guide to help understand and negotiate these Master Agreements.

This revised and updated edition is an essential handbook for anyone involved in negotiating agreements, from financial institutions through to fund managers, law firms, credit officers, regulators and business students. The new edition includes:

Increased focus on the 2002 ISDA Master Agreement Schedule Expanded sections on hedge fund and loan-linked Schedules The introduction of covered bonds The effect of the credit crunch, the role of derivatives and how this has affected the market

The ISDA Mater Agreements are complex documents and it can take up to two years to become proficient in negotiating and understanding their key elements. Mastering the ISDA Master Agreements provides a detailed overview of the legal, credit and operational issues inherent in the ISDA Master Agreements.

The book includes:

The evolution of ISDA documentation including general and product definitions and confirmations A clear and detailed commentary on the individual sections and provisions of the 1992 and 2002 ISDA Master Agreements The main legal issues surrounding the Agreement and OTC derivatives from UK and US legal perspectives Special Schedule terms including those for building societies, insurance companies, hedge funds and sovereign entities Provisions seen in US Schedules which often face non-US negotiators The background to the credit crunch, the effect on the OTC derivatives market and some suggestions about possible changes to the market Annexes including reproductions of the ISDA Master Agreements and useful information Simplified glossaries of terms used in the Agreements

Your practical step-by-step guide to planning and building cash valuation models. Through a set of comprehensive instructions and templates it provides the tools to build models that will enable you to carry out accurate and informed analysis of your company’s cash liabilities, cash flow and value.

 

If you are buying the ebook, companion files can be downloaded from the digital downloads section of http://www.financial-models.com/.

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

"The first port of call for anyone looking to truly understand derivatives markets, appreciate the role they play within the global financial system and develop the technical knowledge to trade."Matthew Thompson, Chief Strategy & Business Development Officer, Dubai Mercantile Exchange

"An essential read for anyone serious about understanding the impact of derivatives and technology on the global financial market."Kevin Thorogood, Global Head, Investment Banking/Energy Trading, Thunderhead Ltd

"We have used Francesca for training on derivatives in the past. She demonstrates a passion for these markets and for learning. In a fast changing world, the combination of technical learning and practical experience that Francesca applies is helpful in keeping abreast of market developments."Rachael Hoey, Director, Business Development, CLS

YOUR ESSENTIAL COMPANION TO THE DERIVATIVES MARKETS

Mastering Derivatives Markets provides full up-to-the-minute explanations — with worked examples and screen shots — covering the basics of options, swaps and futures across the key asset classes: rates, currency, equity, commodity and credit.

This book is relevant to anyone working within the financial markets, from the new entrant to the seasoned trader looking for updates, and to non-trading personnel working in IT, legal, compliance, risk, credit and operations.

Please note that the 'look inside' feature is currently displaying the content of Mastering Derivatives Markets Third Edition, this will be updated soon.

Mastering Derivatives Markets Fourth Edition has been completely revised and features new chapters on:

The most up to date thinking in the market OTC clearing Regulation Benchmarking Electronic futures trading in the FX market New insights into the commodities markets Carbon trading and environmental products

Success in today's sophisticated financial markets depends on a firm understanding of key financial concepts and mathematical techniques. Mastering Financial Calculations explains them in a clear, comprehensive way — so even if your mathematical background is limited, you'll thoroughly grasp what you need to know.

Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options, and more. Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity.

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or market student, you'll gain the ability to manipulate and apply these techniques with speed and confidence. 

A timely updating of the only accessible single volume guide to the ISDA Credit Support Annexes, sanctioned under English and US law. The Annexes collateralise or secure over the counter derivatives risk exposure.  This is the companion book to Mastering the ISDA Master Agreements, now in its third edition.

First published in 2002, the book is a guide to negotiation of the two main ISDA Credit Support Annexes which are used to support the ISDA Master Agreements.  The ISDA Credit Support Annexes are the main support documents which relate to collateralised or secure over the counter derivatives risk exposure.

This book covers collateral management from an operational perspective and focuses on the two main ISDA Credit Support Documents. It provides a clear concise narrative on their provisions and amendments

Covers all the major commodity markets, their products, applications and risks Learn how to invest, hedge and trade in the related physical, equities and derivatives markets

Commodities such as oil and gas, food and water, solar and wind power, metals and minerals, animals and fish have become a genuine asset class alongside bonds, equities, and foreign exchange.

 

Mastering the Commodities Markets is an introduction to both the general commodity markets and to specific products: precious metals, oil and other hydrocarbons, rare earth elements, aqua and agriculture, alternative energy and carbon and environmental commodities. Beginning with the basics of commodities and how they have developed as an asset class in their own right, the book then introduces key commodities chapter by chapter, looking at the background and context of each product, their origins and manufacture, key market participants, pricing structures and patterns, risks and how to trade, hedge and use indices.

 

Mastering Commodities Markets includes: 

Commodity prices and their effect on financial markets Financial and non-financial market participants Economics of commodities, pricing mechanics and markets Trading, hedging, arbitrage and investing Commodity Indices

A practical guide, from the basic techniques, through to advanced applications, showing you what operational risk is, and how you can manage it.

 

Mastering Operational Risk provides a step-by-step guide from the basic elements of operational risk through to advanced applications of operational risk management. Focusing on practical applications, it gives you the knowledge needed to understand what operational risk is and puts in place a workable way of managing it.

A practical and accessible guide to Islamic finance that helps demystify the differences with conventional banking, enabling practitioners to develop Sharia compliant products for customers.

The Islamic Finance industry is estimated to be worth $1.2 trillion and is growing globally at over 10% per year. Mastering Islamic Finance will give practitioners an understanding of Islamic finance, from the basic techniques, through to advanced applications. Helping to demystify and clarify the differences with conventional banking, it will enable practitioners to develop Sharia compliant products for customers.

According to Sharia law there are strict rules on how financial services and products can be designed; in Islamic Finance money cannot make money and the subject of the finance must be an asset or a verifiable, real trade or business activity. Sharia compliant financial instruments have been devised to enable Muslims to abide by the principles of Islam and still make the most of their money.

Mastering Islamic Finance will equip readers with an understanding of Islamic financial instruments so they can sensibly apply them in practice. For each instrument there is a definition of the concept and how it differs from its equivalent in conventional banking. There are also examples and case studies to highlight practical applications.

Financial institutions, private and public companies and governments can lose vast amounts of money from even minor changes in interest rates. Because of this, complex financial instruments have been developed to mitigate these exposures. But what happens when organisations hedge themselves to ill-advised and ill-formulated financial management strategies?

 

Based on a proven analytical method, Mastering Interest Rate Risk Strategy explains, step-by-step, how to set up and run a sound interest rate risk strategy. Influenced by the author’s work with leading companies and tested with banks, the book will help readers bring risk under control, raise profits and ensure healthy cash flows.

 

Mastering Interest Rate Risk Strategy:

§  Shows you how to mitigate interest rate risk using the most advanced risk management techniques

§  Provides you with an analytical method that is proven both academically and in practice

§  Uses examples and real life cases to support the transfer of knowledge and skills

 

 

Interest rate changes will affect most firms because they will have interest bearing assets or liabilities. As a result, interest rate movements have an unfavourable impact and managing interest rate risk can be highly beneficial for the firm. But high-profile derivative blunders show that this is no easy task.

 

In Mastering Interest Rate Risk Strategy, Victor Macrae shows you how to avoid the mis-selling of derivatives and derivatives blunders and how to set up an optimal interest rate risk strategy.

 

Mastering Interest Rate Risk Strategy includes:

 

▪    Past derivatives blunders and how you can learn from them

▪    A proven analytical method for strategy formulation

▪    Hedging theory

▪    Bank financing for non-financial firms

▪    How movements in the financial markets may affect the firm

▪    Financial statement impact of interest rate risk

▪    The working and risks of using swaps, FRA’s, caps, floors, collars and swaptions

 

 

‘This is a wonderful and easy to read tour of interest rate risk and its management, and mismanagement. Anyone who wants to better understand why and how non-financial firms should be dealing with interest rate risk should read this book.’

 

Gordon M. Bodnar, Professor on International Finance, Johns Hopkins University

 

‘Macrae’s guide is an excellent cookbook for financial managers. With many cases and examples, this book offers guidance in robust risk management techniques.’

 

Abe de Jong, Professor of Corporate Finance and Corporate Governance at Rotterdam School of Management, Erasmus University

 

 

Fully updated and compliant with Excel 2013, this clearly explains the basic calculations for mathematical finance, backed up with simple templates for further use and development, and a workbook with exercises and solutions at the end of each chapter. The examples used are relevant to both managers and students in the UK and overseas.

 

New to this edition

Updated glossary of key terms Functions list in English and Euro languages Continuity check on all formats, layouts and charts More worked examples Additional exercises at the end of each chapter to help build models Templates and models available online

This book offers best practice advice on how to meet anti-money laundering (AML) regulations and will help you put together an effective framework to meet your legal obligations.

It includes a comprehensive selection of example documents, checklists and an unrivalled collection of training materials.