Securities Lending and Repurchase Agreements

ISBN-13: 9781883249168 / Angielski / Twarda / 1996 / 288 str.

Cfa Frank J. Fabozzi

Opis

This text brings together a selection of opinion and research to provide in-depth coverage of securities lending and repurchase agreements, a growing activity in the capital markets. A variety of issues are tackled including, accounting and tax aspects in both USA and non-USA markets.

Spis treści

Preface.

Contributing Authors.

Index of Advertisers.

1. The Evolution of Securities Lending (K. Burke and G. Martello).

2. The US Dollar Repo Market (K. Miller).

3. The Nondollar Repo Market (P. D′Amario).

4. Finding A Route to Market: An Institutional Guide to the Securities Lending Labyrinth (M. Faulkner and C. Sackville).

5. Evaluating Lending Options (A. Nazzaro).

6. Managing Internal Lending Programs (G. Caan, Jr.).

7. Performance Measurement for Securities Lending (M. Jensen and R. Scheetz).

8. Developing Effective Guidelines for Managing Legal Risks –– U.S. Guidelines (C. Dropkin).

9. International Legal and Regulatory Concerns (N. Jacklin and D. Felsenthal).

10. The Fundamentals of Fixed Income Securities (F. Fabozzi).

11. Overview of Mortgage–Backed and Asset–Backed Securities (F. Fabozzi).

12. Collateralized Borrowing via Dollar Rolls (S. Carlson and J. Tierney).

13. Understanding Cash Collateral Reinvestment Risks (F. Fabozzi and E. Jacobowitz).

14. Tax Issues Associated with Securities Lending (R. Shapiro).

15. The Accounting Treatment of Securities Lending Transactions (S. Peters).

16. The Role of Carry in the Equity Markets (R. Sloan).

Index.

O autorze

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University′s School of Management.

Blurb

Revised and updated to reflect the latest developments in the field of cash flow analysis, Cash Flow and Security Analysis provides an enlightening examination into why cash flow is quickly replacing earnings as the primary tool used by securities analysts, and how they can identify undervalued securities by using cash flow analysis.