New PDF release: Bank Asset and Liability Management: Strategy, Trading,

By Moorad Choudhry

ISBN-10: 0470821353

ISBN-13: 9780470821350

Banks are an integral part of the worldwide economic system, and the essence of banking is asset-liability administration (ALM). This ebook is a complete remedy of an incredible monetary marketplace self-discipline. A reference textual content for all these concerned with banking and the debt capital markets, it describes the concepts, items and artwork of ALM. matters lined comprise financial institution capital, cash marketplace buying and selling, danger administration, regulatory capital and yield curve analysis.

Highlights of the ebook comprise unique insurance of:

  • liquidity, hole and investment hazard management
  • hedging utilizing interest-rate derivatives and  credit derivatives
  • impact of Basel II
  • securitisation and stability sheet management
  • structured finance items together with asset-backed advertisement paper, mortgage-backed securities, collateralised debt responsibilities and based funding autos, and their position in ALM
  • treasury operations and workforce move pricing.

Concepts and strategies are illustrated with case stories  and labored examples. Written in obtainable type, this booklet is key examining for industry practitioners, financial institution regulators and graduate scholars in banking and finance.

Includes loose CD-ROM that includes software program on purposes defined within the publication, together with a yield curve version, cubic spline spreadsheet calculator and CDO waterfall version.

Show description

Read or Download Bank Asset and Liability Management: Strategy, Trading, Analysis PDF

Similar banks & banking books

Download e-book for iPad: Current Issues in Islamic Banking and Finance: Resilience by Angelo M. Venardos

The exceptional all over the world improvement during the last decade of Islamic banking and finance is drawing a lot realization to Southeast Asia, which, at the platform of its personal monetary development good fortune, is additionally proving to be the gateway for heart jap petrodollar investments into the 2 nice rising markets of India and China.

Download e-book for kindle: Gentlemen Bankers: The World of J. P. Morgan by Susie J. Pak

Gents Bankers investigates the social and fiscal circles of 1 of America’s most famous and influential financiers to discover how the Morgan family’s energy and status stemmed from its certain place inside of a community of neighborhood and overseas relationships. on the flip of the 20 th century, inner most banking used to be a private firm during which enterprise relationships have been an announcement of identification and attractiveness.

Market players : a guide to the institutions in today's by Gail Rolland PDF

"No longer are the capital markets pushed by means of the large funding homes and fund managers. as an alternative, deepest banks, coverage homes, hedge cash, sovereign wealth cash and quite a number boutique funding managers, neighborhood associations and agents all function and have interaction to shape the bedrock of the worldwide capital markets, and all practitioners have to comprehend the linkages, pursuits and features of those associations to appreciate how the markets particularly paintings.

Additional info for Bank Asset and Liability Management: Strategy, Trading, Analysis

Example text

Further significant elements of cost are provisions for loan losses, which are a charge against the loan revenues of the bank. The provision is based on a subjective measure by management of how much of the loan portfolio can be expected to be repaid by the borrower. The capital markets Capital markets is the term used to describe the market for raising and investing finance. The economies of developed countries and a large number of developing countries are based on financial systems that contain investors and borrowers, markets and trading arrangements.

Banks are the cornerstone of the global economy, and at the highest level the banking sector influences, and is influenced by, macroeconomic trends such as GDP growth, central bank base interest rates, equity and debt capital markets activity, and the supply and demand for investments and credit. However, notwithstanding our first statement that banks now engage in many complex activities outside traditional borrowing and lending, we must remember that at the core of all capital markets activity lies the need to bring together the suppliers of capital with the borrowers of capital.

A market can be one in the traditional sense such as an exchange where financial instruments are bought and sold on a trading floor, or it may refer to one where participants deal with each other over the telephone or via electronic screens. The basic principles are the same in any type of market. There are two primary users of the capital markets: lenders and borrowers. The source of lenders’ funds is, to a large extent, the personal sector made up of household savings and those acting as their investment managers such as life assurance companies and pension funds.

Download PDF sample

Bank Asset and Liability Management: Strategy, Trading, Analysis by Moorad Choudhry

by Jeff

Rated 4.52 of 5 – based on 32 votes