Book description
Key Financial Market Concepts is the ultimate reference tool for anyone working in the finance industry, explaining the 100 essential financial market terms. It provides you with a definition of what each concept is, how it works, when it is likely to arise, how it’s calculated and how best to use it. You’ll also get access to many of the formulas used, already programmed into a Microsoft Excel spreadsheet.
From simple and compound interest, through to bonds and yields and the Black and Scholes model, this book has it covered.
Table of contents
- Cover
- Title Page
- Contents
- Dedication
- About the author
- Using the book
- Time Value of Money
- The Money Markets
- Zero-coupon Yield and Yield Curve
- Forward-forwards, FRAs and Futures
-
The Bond and Repo Markets
- Accrued Interest, Clean Price and Dirty Price
- Money Market Basis and Bond Basis
- Yield to Maturity (YTM)
- Current Yield and Simple Yield to Maturity
- Zero-coupon Security and Strip
- Asset-backed Securities (ABS), Mortgage-backed Securities (MBS), Collateralised Debt Obligations (CDO) and Covered Bonds
- Bond Futures, Conversion Factor and Cheapest-to-deliver (CTD)
- Cash-and-carry Arbitrage and Implied Repo Rate
- Duration, Modified Duration, Price Value of a Basis Point (PVB), DV01 and Convexity
- Hedge Ratio
- Repo and Reverse Repo
- Haircut and Margin
- Buy/sell-back and Sell/buy-back
- Securities Lending/Borrowing
- The Swaps Market
- Foreign Exchange
-
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, Strangle, Spread, Butterfly, Condor, Ratio Spread and Risk Reversal
- Barrier Options: Knock-out Option and Knock-in Option
- Credit Derivatives, CDS, Synthetic CDO and First-to-default Baskets
- The ‘Greeks’: Delta, Gamma, Vega, Theta and Rho
- Statistics
- Risk Management and Investment Management
- Appendices
- Index
- Imprint
Product information
- Title: Key Financial Market Concepts, 2nd Edition
- Author(s):
- Release date: September 2012
- Publisher(s): Pearson Business
- ISBN: 9780273750284
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