Structured Products: A Complete Toolkit to Face Changing Financial Markets

ISBN-13: 9780471486473 / Angielski / Twarda / 2002 / 208 str.

Roberto Knop; Matias Rodriguez Inciarte

Opis

Over the past decade there has been a great escalation in the sophistication of the
financial markets and technology and as a result many new derivatives products have
been developed.

Structured Products offers practical details on the main structured products developed over the last ten years. The book looks in detail at the risks, valuation and key elements of each structured product in turn. It explains the basic principles and underlying philosophies behind the concept giving investors a through understanding of each product in a conceptual and practical way.

Spis treści

Foreword

General introduction

PART I BASIC ASPECTS OF STRUCTURED PRODUCTS

Structured products

Instrument valuation and risk measurement

PART II EQUITY STRUCTURES

Warrants

Equity deposit

Asian deposit

Straddle with knockout deposit

Digital ranges

Reverse convertible

Ladder bond

Basket bond

Spread bond

Best–of bond

PART III FIXED INCOME STRUCTURES

Floating rate note

Reverse floating rate note

Collared floating rate note

Digital ranges (corridor notes)

Step–up callable

Reset note

Participating swap

Performance swap

Step–up triggered cap

Constant maturity bond

Appendix A: Ten golden rules.

Appendix B: Characters from the buyer′s viewpoint

Bibliography

Index

O autorze

ROBERTO KNOP is deputy manager of market risk at Banco Santander Central Hispano where he is responsible for the methodology and quantitative team. He has over ten years experience of derivatives pricing, market risk measurement and also has considerable experience of training others in derivatives pricing and market risk.

Blurb

Over the past decade, structured products have become part of the financial mainstream. The area is characterized by rapid market expansion and product innovation as the acceptance and use of derivative structures has become more widespread.

This book takes a practical approach to the principal structured products which have been appearing in financial markets during the past few years. The investor will find in this work answers to questions which could arise in investment dealings, and how to maximize the potential for profitability.

An excellent reference source for the institutional investor, this book will assist in the understanding of this area, showing that it is not necessarily as complex as it may initially seem.