Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Chapter 1. The Revolution in Credit-Capital Is the Key. PART 1. THE CREDIT PORTFOLIO MANAGEMENT PROCESS. Chapter 2. Modern Portfolio Theory and Elements of the Portfolio Modeling Process. Chapter 3. Data Requirements and Sources for Credit Portfolio Management. Chapter 4. Credit Portfolio Models. PART 2. TOOLS TO MANAGE A PORTFOLIO OF CREDIT ASSETS. Chapter 5. Loan Sales and Trading. Chapter 6. Credit Derivatives. Chapter 7. Securitization. PART 3. CAPITAL ATTRIBUTION AND ALLOCATION. Chapter 8. Capital Attribution and Allocation. Appendix: Statistics for Credit Portfolio Management. References. Index. Buchnummer des Verkäufers
Inhaltsangabe: A cutting-edge text on credit portfolio management
Credit risk. A number of market factors are causing revolutionary changes in the way it is measured and managed at financial institutions. Charles Smithson, author of the bestselling Managing Financial Risk, introduces a portfolio management approach to credit in his latest book. Understanding how to manage the inherent risks of this market has become increasingly important over the years. Credit Portfolio Management provides readers with a complete understanding of the alternative approaches to credit risk measurement and portfolio management. This definitive guide discusses the pricing and managing of credit risks associated with a variety of off-balance-sheet products such as credit default swaps, total return swaps, first-to-default baskets, and credit spread options; as well as on-balance-sheet customized structured products such as credit-linked notes, repackage notes, and synthetic collateralized debt obligations (CDOs). Filled with expert insight and advice, this book is a must-read for all credit professionals.
Charles W. Smithson, PhD (New York, NY), is the Managing Partner of Rutter Associates and Executive Director of the International Association of Credit Portfolio Managers (IACPM). He is the author of five books, including The Handbook of Financial Engineering and Managing Financial Risk (now in its Third Edition).
From the Back Cover: Praise for Credit Portfolio Management
"This book takes a complex subject and makes it accessible and practical. The discussion of economic capital is particularly relevant to any firm that wants to enhance value for its stakeholders. This is important reading for students, regulators, CFOs, and risk managers."
–Charles A. Fishkin, Vice President–Firm Wide Risk, Fidelity Investments, and Board of Directors of the International Association of Financial Engineers (IAFE)
"This book comprehensively captures the framework supporting the entrepreneurial and innovative behavior taking hold among banks as the measures, models, and implementation strategies surrounding the business of managing credit portfolios continues to evolve. Charles Smithson’s insightful analysis provides a strong foundation for those wanting to move up the learning curve quickly. A ‘must read’ for credit portfolio managers and those who aspire to be!"
–Loretta M. Hennessey, Senior Vice President, Canadian Imperial Bank of Commerce
"The path to effectively managing credit risk begins with reliable data on default probabilities and loss given default. Charles Smithson’s book is an excellent resource for information on sources of data for credit portfolio management, as well as a readable framework for understanding the entire credit portfolio management process."
–Stuart Braman, Managing Director, Standard & Poor’s
Numerous market factors have forced financial institutions to change the way they manage their portfolio of credit assets. Evidence of this change can be seen in the rapid growth of secondary loan trading, credit derivatives, and loan securitization. Less obvious–but far more important–is the fact that these institutions, primarily banks, are abandoning the traditional transaction-by-transaction "originate-and-hold" approach, in favor of the "efficient portfolio approach" of an investor.
In Credit Portfolio Management, bestselling author and credit expert Charles Smithson clearly defines the most pressing concerns within this evolving arena and provides solid guidance to overcome even the most daunting credit portfolio challenges. Divided into three equally informative sections . . .
I) The credit portfolio management process
II) Tools to manage a portfolio of credit assets
III) Capital attribution and allocation
. . . this comprehensive guide covers a wide range of issues that credit professionals–from risk managers to derivative dealers and investors–must understand.
Market realities have changed the way credit portfolios must be managed, and that means you have to change too–or get left behind. Filled with up-to-the-minute tools and techniques, illustrative charts and graphs, and recent industry studies and surveys, Credit Portfolio Management will upgrade your skills and enhance your understanding of this unique financial field.
Buchbeschreibung John Wiley & Sons, 2003. Hardcover. Buchzustand: Good. Dust Jacket Included. Sent within 24 hours. Expedited UK delivery available. Buchnummer des Verkäufers BBI2385303
Buchbeschreibung Wiley, 2003. Hardcover. Buchzustand: Used: Good. Buchnummer des Verkäufers SONG0471324159
Buchbeschreibung Buchzustand: Good. Book Condition: Good. Buchnummer des Verkäufers 97804713241574.0
Buchbeschreibung Wiley, 2003. Hardcover. Buchzustand: Gut. Dieselbe ISBN, anderer Schutzumschlag, Buch ist durch eine Druckstelle längs über die Coverrückseite etwas verlagert (längs durchgebogen), kleine Lagerspuren am Buch, Inhalt einwandfrei und ungelesen 103140 Sprache: Englisch Gewicht in Gramm: 635. Buchnummer des Verkäufers 379054
Buchbeschreibung Wiley. Hardcover. Buchzustand: VERY GOOD. little to no wear, pages are clean. The cover and binding are crisp with next no creases. Buchnummer des Verkäufers 2759837052
Buchbeschreibung Buchzustand: Very Good. Book Condition: Very Good. Buchnummer des Verkäufers 97804713241573.0
Buchbeschreibung Wiley, 2003. Hardcover. Buchzustand: Used: Good. Buchnummer des Verkäufers 13908159
Buchbeschreibung Wiley 2003-02-07, 2003. Hardcover. Buchzustand: good. 1. 0471324159. Buchnummer des Verkäufers 679558
Buchbeschreibung Hoboken, NJ : Wiley, 2003. Buchzustand: Sehr gut. gleiche ISBN anderes Cover, Schnitt leicht vergilbt, kleine Lagerspuren am Buch, Inhalt einwandfrei und ungelesen 136233 Sprache: Englisch Gewicht in Gramm: 625. Buchnummer des Verkäufers 338582
Buchbeschreibung Wiley. Hardcover. Buchzustand: Fine. 0471324159 Like New Condition. Buchnummer des Verkäufers LN6.0247507