Interest Rate & Currency Swaps: The Markets, Products and Applications

Dattatreya, Ravi E., Venkatesh, Raj E. S., Venkatesh, Vijaya

ISBN 10: 1557384681 / ISBN 13: 9781557384683

Verlag: Probus Professional Pub, 1993

Beschreibung

Like New.

Bestandsnummer des Verkäufers D7F5-8-M-1557384681-5

Bibliografische Details

• Titel: Interest Rate & Currency Swaps: The Markets, Products and Applications
• Verlag: Probus Professional Pub
• Erscheinungsjahr: 1993
• Sprache: Englisch
• ISBN-10: 1557384681
• ISBN-13: 9781557384683
• Einband: Hardcover
• Zustand: Like New
• Buchtyp: book

Über diesen Titel

Inhaltsangabe

The swap market has revolutionized the world of finance. No other instrument provides such flexibility in managing the risk of assets and liabilities. Indeed, swaps simply have no equal as financing and risk-management tools.
The growth of the swap market has been phenomenal. After coming into being less than 20 years ago, the notional value of the swap market has expanded to around $3 trillion. Among financial professionals, the influence of the swap market is second only to the Treasury yield curve in importance.
Interest Rate and Currency Swaps explains how swaps work and how they can be applied to a variety of situations. In clear, straightforward language this book describes the structure of swaps from simple to complex, risk and price analysis of swap transactions and hedging principles.
Many corporations use interest rate swaps to borrow at lower costs than they could through more traditional financing means. Similarly, with the globalization of business, currency swaps are frequently used to hedge foreign exchange risk. Indeed, for most large companies and financial institutions, swap transactions have become routine.
As the swap market has grown, so has the complexity of swap instruments. Authors Ravi Dattatreya, Raj Venkatesh and Vijaya Venkatesh describe in detail a variety of swap structures including: off-market swaps, zero coupon swaps, swaps-in-arrears, basis swaps and forward swaps.
In addition, the authors devote considerable attention to asset/liability management through swaps. They describe basic hedging techniques, as well as unveiling a new method for managing yield curve risk. For any financial institution or corporation grappling with interest rate risk, this section alone is well worth the book's price.
Other topics addressed include measuring interest rate risk, multi-currency hedging, arbitrage and speculation, scenario analysis, and Monte Carlo simulation.
Without question, swaps are the single most important finance development in recent years. Interest Rate and Currency Swaps is the definitive source to understand and apply these powerful instruments.

Reseña del editor

This book provides a simple and direct treatment of swaps for both investors and finance professionals. Topics include: Swap pricing; Interest rate risk characteristics in swaps; Off-market swaps, zero coupon swaps, basis swaps, forward swaps; Swap spreads, currency swaps, swap derivatives.