Counterparty credit risk [[electronic resource] ] : the new challenge for global financial markets / / Jon Gregory

• Record Nr.: UNINA9910456723903321
• Autore: Gregory Jon, Ph. D.
• Pubbl/distr/stampa: Chichester, U.K., : Wiley, c2010
• ISBN: 1-283-23951-5; 9786613239518; 0-470-97272-6
• Edizione: [1st edition]
• Descrizione fisica: 1 online resource (450 p.)
• Collana: Wiley finance
• Disciplina: 332.6457
• Soggetti: Derivative securities - Mathematical models; Risk management; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Counterparty Credit Risk: The New Challenge for Global Financial Markets; Contents; Acknowledgements; List of Spreadsheets; List of Abbreviations; Introduction; 1 Setting the Scene; 1.1 Financial risk management; 1.1.1 Market risk; 1.1.2 Liquidity risk; 1.1.3 Operational risk; 1.1.4 Credit risk; 1.1.5 Value-at-risk; 1.1.6 Disadvantages of value-at-risk; 1.2 The failure of models; 1.2.1 Why models?; 1.2.2 Good model, bad model; 1.3 The derivatives market; 1.3.1 What is a derivative?; 1.3.2 Market structure; 1.4 Risks of derivatives; 1.4.1 Too big to fail; 1.4.2 Systemic risk; 1.4.3 Compensation culture 1.4.4 Credit derivatives; 1.5 Counterparty risk in context; 1.5.1 What is counterparty risk?; 1.5.2 Mitigation of counterparty risk; 1.5.3 Counterparty risk and integration of risk types; 1.5.4 Counterparty risk and today's derivatives market; 2 Defining Counterparty Credit Risk; 2.1 Introducing counterparty risk; 2.1.1 Origins of counterparty risk; 2.1.2 Repos; 2.1.3 Exchange-traded derivatives; 2.1.4 OTC derivatives; 2.1.5 Counterparty risk; 2.1.6 Counterparty risk versus lending risk; 2.1.7 Mitigating counterparty risk; 2.1.8 Counterparty risk players; 2.2 Components and terminology 2.2.1 Credit exposure; 2.2.2 Default ; probability and credit migration; 2.2.3 Recovery; 2.2.4 Mark-to-market; 2.2.5 Replacement cost; 2.2.6 Exposure; 2.2.7 Exposure as a short option position; 2.2.8 Potential future exposure (PFE); 2.3 Controlling counterparty credit risk; 2.3.1 Trading with high-quality counterparties; 2.3.2 Cross-product netting; 2.3.3 Close-out; 2.3.4 Collateralisation; 2.3.5 Walkaway features; 2.3.6 Monolines; 2.3.7 Diversification of counterparty risk; 2.3.8 Exchanges and centralised clearing houses; 2.4 Quantifying counterparty risk; 2.4.1 Credit lines 2.4.2 Pricing counterparty risk; 2.4.3 Hedging counterparty risk; 2.4.4 Capital requirements and counterparty risk; 2.5 Metrics for credit exposure; 2.5.1 Expected MtM; 2.5.2 Expected exposure; 2.5.3 Potential future exposure; 2.5.4 EE and PFE for a normal distribution; 2.5.5 Overview of exposure metrics; 2.5.6 Expected positive exposure; 2.5.7 Effective EPE; 2.5.8 Maximum PFE; 2.6 Summary; Appendix 2.A Characterising exposure for a normal distribution; 3 Mitigating Counterparty Credit Risk; 3.1 Introduction; 3.1.1 Two-way or one-way agreements; 3.1.2 Standardisation; 3.2 Default-remote entities 3.2.1 High-quality counterparties; 3.2.2 Special purpose vehicles; 3.2.3 Central counterparties; 3.3 Termination and walkaway features; 3.3.1 Termination events; 3.3.2 Additional termination events; 3.3.3 Walkaway features; 3.4 Netting and close-out; 3.4.1 Close-out; 3.4.2 Payment and close-out netting; 3.4.3 The need for close-out netting; 3.4.4 The birth of netting; 3.4.5 Netting agreements; 3.4.6 The ISDA Master Agreement; 3.4.7 Product coverage; 3.4.8 Netting and exposure; 3.4.9 Advantages and disadvantages of netting; 3.4.10 Multilateral netting; 3.5 Netting and exposure
• Sommario/riassunto: The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions. This book explains the emergence of c

Emerging Green Theories to Achieve Sustainable Development Goals / / by Syed Abdul Rehman Khan, Muhammad Jawad Sajid, Yu Zhang

• Record Nr.: UNINA9910747596503321
• Autore: Khan Syed Abdul Rehman <1987->
• Pubbl/distr/stampa: Singapore : , : Springer Nature Singapore : , : Imprint : Springer, , 2023
• ISBN: 9789819963843; 9819963842
• Edizione: [1st ed. 2023.]
• Descrizione fisica: 1 online resource (193 pages)
• Collana: Industrial Ecology, , 2730-5783
• Altri autori (Persone): SajidMuhammad Jawad; ZhangYu
• Disciplina: 658.408
• Soggetti: Business logistics; Sustainability; Logistics; Supply Chain Management
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Introduction to the theory of fear industries -- Empirical estimation of the existence short and long-run fear industries -- Environmental extension of fear industry theory -- Socio-economic factors and the fear industries' environmental impacts -- Consumers' willingness to participate in waste products trading -- Operation management of recycling transaction -- The performance of Internet Recyclers -- Revenue distribution among the parties of Internet and reverse supply chain -- Macroeconomics and Green supply chain -- Empirical Macroeconomics and Green Initiatives -- Technological revolution in green supply chain -- Circular economy modeling and Sustainable development Goals -- Overview of Green Marketing and Sustainable Consumption -- Impact of Green Marketing on Consumer Buying Behavior -- Green Purchase Behavior: Theoretical Underpinning -- Empirical Evidence and Practical Implications of Sustainable Buying Behavior.
• Sommario/riassunto: This book opens up a critical dimension to the field of industrial ecology. The book discusses the emerging green theories in industrial ecology and evolving practices adopted by businesses to achieve ; Sustainable Development Goals. The author(s) identifies valuable lessons to be learned and presents conceptual frameworks and ideas to guide future industrial ecology applications, which are integrated into the triple bottom line approach and have cornerstone value to achieving Sustainable Development Goals. Additionally, the book discusses the relevant economic theories that serve as the foundation for the presented green views. This elaboration of economic ideas reinforces our work's relevance to achieving a green economy. Therefore, this book is essential for industrial ecology scholars and those interested in ensuring an environmentally sustainable future.