Key Market Concepts [Paperback]100 Financial Terms Explainedby Robert Steiner
PRINT ON DEMAND Description of Key Market ConceptsThis is an age of innovation. A time when industries are evolving quicker than most of us can comprehend. A time of technological change when deals and communications take place at the speed of light, when the strategies and systems of tomorrow are needed today, and when survival is not just down to the knowledge you possess, but to knowing how to apply it. In the finance industry these developments and changes are occurring quicker than in any other commercial sector. Market professionals are not only being faced with a blizzard of new financial instruments and concepts, they are also being expected to understand them and know how to use them to full effect. Key Market Concepts is a practical reference tool for anyone studying on finance courses. It provides full explanations of 100 essential financial terms, providing you with detail of what each concept is, how it works, when it is likely to arise, and how best to use it. For each term it establishes a definition, describes situations and conditions in which it may be encountered, outlines the nuts and bolts of its operation and explains related terminology.Entries are supported by necessary formulas, and illustrated with worked examples. Title Information
Write a review of this book Customer Reviews from AmazonAbout Robert SteinerBob Steiner is Managing Director of Markets International Ltd, an independent company specializing in training in a range of areas related to the international financial markets, treasury and banking. The company also provides advice to finance directors and treasurers of international companies on foreign exchange, money markets and other treasury matters. Bob spends a considerable amount of time training bankers, systems staff, corporate staff and others involved in the financial markets. In particular, he personally runs courses for all the ACI exams -- the ACI Diploma, the Dealing Certificate and the Settlement Certificate -- as well as courses on Financial Calculations and Repos. He is the author of Mastering Financial Calculations and Mastering Repo Markets, published by FT Prentice HallContents of Key Market ConceptsTIME VALUE OF MONEYSimple interest and compound interest Equivalent rate, effective rate and continuously compounded rate Future value, present value, rate of discount and discount factor Net present value and internal rate of return annuity ZERO-COUPON YIELD AND YIELD CURVE Zero-coupon yield, the spot yield curve and bootstrapping The par yield curve The forward-forward yield curve THE MONEY MARKETS Discount rate and true yield Value dates, interpolation and extrapolation FORWARD-FORWARDS, FRAS AND FUTURES Forward-forward interest rate Forward rate agreement STIR Futures contract and margin Basis risk Spread Strip THE BOND AND REPO MARKETS Accrued interest, clan price and dirty price Money market basis and bond basis Yield to maturity Current yield and simple yield to maturity Bond futures, conversion factor and cheapest-to=-deliver (CTD) Cash-and-carry arbitrage and implied repo rate Zero-coupon security and strip Duration, modified duration, price value of a basis point and convexity Hedge ratio Repo and reverse repo Haircut and margin Sell/buyback and sell/sell back Securities lending/borrowing THE SWAPS MARKET Interest rate swap Asset swap and liability swap Currency swap FOREIGN EXCHANGE Cross-rate Forward outright and forward swap Short dates Forward-forward exchange rate Non-deliverable forward OPTIONS Calls and puts The Black and Scholes pricing model Historic volatility and implied volatility Binomial pricing model The Put/Call Parity Cap floor, collar and zero-cost option Break forward, range forward and participation forward Option trading strategies: straddle, spread, strangle, butterfly, condor, ratio spread, risk reversal Barrier options: knock-out option and knock-in option The Greeks: delta, gamma, vega, theta and rho RISK MANAGEMENT Variance and standard deviation Correlation and covariance Value at risk The capital adequacy ratio APPENDICES Glossary Day/year conventions |
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