Description - Synthetic and Structured Assets by Erik Banks
Organized along product lines, the book will analyze many of the
original classes of structured assets, including mortgage- and
asset-backed securities and strips, as well as the newest
structured and synthetic instruments, including exchange-traded
funds, credit derivative-based collateralized debt obligations,
total return swaps, contingent convertibles, and insurance-linked
securities.
Two introductory chapters will outline the scope of the market,
key definitions, participant motivations/goals, economics of
structuring and synthetic replication, and the central "building
blocks" used in the creation of synthetic/structured assets
(including on-balance sheet assets and liabilities, derivatives,
shelf registration debt programs, private placements, trusts, and
special purpose entities). Eight product chapters will then examine
the main instruments of the marketplace: mortgage- and asset-backed
securities, stripped/reconstituted government securities,
collateralized debt obligations, structured notes, insurance-linked
securities, exchange-traded funds, convertible bond variations, and
derivatives/synthetic asset replication. Each product chapter will
contain product descriptions, structural features (e.g., trading
conventions, settlement), arbitrage/investment drivers, and various
worked examples and diagrams that emphasize practical investment
and risk applications; financial mathematics will be kept to a
minimum. A concluding chapter will review the essential risk,
legal, regulatory, and accounting features of synthetic and
structured assets in the world's major markets.
Buy Synthetic and Structured Assets by Erik Banks from Australia's Online Independent Bookstore, BooksDirect.
A Preview for this title is currently not available.
Checking availability...
