LEADER 05442nam 2200733 450 001 9910815630703321 005 20230803021634.0 010 $a1-118-73817-9 010 $a1-118-72942-0 035 $a(CKB)2550000001115784 035 $a(EBL)1372253 035 $a(SSID)ssj0001055691 035 $a(PQKBManifestationID)11673770 035 $a(PQKBTitleCode)TC0001055691 035 $a(PQKBWorkID)11014219 035 $a(PQKB)11075439 035 $a(MiAaPQ)EBC1372253 035 $a(Au-PeEL)EBL1372253 035 $a(CaPaEBR)ebr10756556 035 $a(CaONFJC)MIL516119 035 $a(OCoLC)861528574 035 $a(EXLCZ)992550000001115784 100 $a20130919h20132013 uy| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTreasury finance and development banking $ea guide to credit, debt, and risk /$fBiagio Mazzi 210 1$aHoboken, New Jersey :$cWiley,$d[2013] 210 4$dİ2013 215 $a1 online resource (333 p.) 225 0$aWiley finance series 300 $aDescription based upon print version of record. 311 $a1-118-72912-9 311 $a1-299-84868-0 320 $aIncludes bibliographical references and index. 327 $aTreasury Finance and Development Banking; Contents; List of Figures; List of Tables; Acknowledgments; Introduction; I.1 Treasury, Funding, and the Reasons behind This Book; I.2 Funding Issues as Credit and Pricing Issues; I.3 Treasury Finance and Development Banking; I.4 The Structure of the Book; CHAPTER 1 An Introductory View to Banking, Development Banking, and Treasury; 1.1 A Representation of the Capital Flow in a Financial Institution; 1.2 Lending; 1.3 Borrowing; 1.4 Investing and ALM; 1.5 The Basic Structure of a Traditional Financial Institution; 1.5.1 Private and Public Sides 327 $a1.5.2 Sales and Trading Desks 1.5.3 The Treasury Desk; 1.6 Development Banking; 1.6.1 The Different Types of Development Institutions; 1.6.2 The Structure of a Development Bank; CHAPTER 2 Curve Construction; 2.1 What Do We Mean by Curve Construction?; 2.2 The Instruments Available for Curve Construction; 2.2.1 Discount Bonds and Cash Deposits; 2.2.2 Interest Rate Futures and Forward Rate Agreements; 2.2.3 FX Forwards; 2.2.4 Interest Rate Swaps; 2.2.5 Basis Swaps; 2.2.5.1 Tenor Basis Swaps; 2.2.5.2 Cross Currency Basis Swaps; 2.3 Using Multiple Instruments to Build a Curve 327 $a2.4 Collateralized Curve Construction 2.4.1 The Evolution of the Perception of Counter party Credit Risk; 2.4.1.1 Overnight Index Swaps; 2.4.2 Discounting in the Presence of Collateral; 2.4.2.1 Collateral in a Foreign Currency; 2.4.3 Clearing, the Evolution of a Price, and the Impact of Discounting; 2.4.4 The Special Case of AAA-Rated Institutions; 2.5 Numerical Example: Bootstrapping an Interest Rate Curve; 2.5.1 The Short End of the Curve: Deposits and FRAs; 2.5.2 The Long End of the Curve: Interest Rate Swaps; 2.5.3 Interpolation and Extrapolation 327 $aCHAPTER 3 Credit and the Fair Valuing of Loans 3.1 Credit as an Asset Class; 3.1.1 The Underlyings; 3.1.2 Credit Default Swaps; 3.2 A Brief Overview of Credit Modeling; 3.2.1 Hazard Rates and a Spread-Based Modeling of Credit; 3.2.2 The Bootstrapping of a Hazard Rate Curve; 3.2.3 Different Quotations and Different Currencies; 3.3 Fair Value of Loans and the Special Case of Development Institutions; 3.3.1 The Argument around the Fair Valuing of Loans; 3.3.2 Prepayment Option and the Case of Development Institutions; 3.4 Numerical Example: Calculating the Fair Value of a Loan 327 $aCHAPTER 4 Emerging Markets and Liquidity 4.1 The Definition of Emerging Markets; 4.2 The Main Issues with Emerging Markets; 4.2.1 Liquidity; 4.2.2 Maturity; 4.2.3 Credit; 4.2.4 Capital Control; 4.3 Emerging Markets and Development Banking; 4.3.1 Borrowing; 4.3.2 Lending; 4.4 Case Studies of Development Projects; 4.4.1 Rural Development in X; 4.4.2 Development of Textile Exports in Y; CHAPTER 5 Bond Pricing; 5.1 What Is a Bond?; 5.2 A Few Fundamental Concepts of the Bond World; 5.2.1 Par; 5.2.2 Yield; 5.2.3 Duration; 5.3 Expressing Credit Explicitly When Pricing a Bond 327 $a5.3.1 Benchmarks and Z-Spreads 330 $aCredit and credit risk permeates every corner of the financial world. Previously credit tended to be acknowledged only when dealing with counterparty credit risk, high-yield debt or credit-linked derivatives, now it affects all things, including such fundamental concepts as assessing the present value of a future cash flow. The purpose of this book is to analyze credit from the beginning-the point at which any borrowing entity (sovereign, corporate, etc.) decides to raise capital through its treasury operation. To describe the debt management activity, the book presents examples from the 410 0$aWiley Finance 606 $aCredit 606 $aBank loans 606 $aDebt 606 $aFinancial risk 606 $aDevelopment banks 615 0$aCredit. 615 0$aBank loans. 615 0$aDebt. 615 0$aFinancial risk. 615 0$aDevelopment banks. 676 $a332.1753 700 $aMazzi$b Biagio$01701479 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910815630703321 996 $aTreasury finance and development banking$94085239 997 $aUNINA