LEADER 05233nam 2200637Ia 450 001 9910876566003321 005 20200520144314.0 010 $a1-119-99110-2 010 $a1-119-20607-3 010 $a1-282-12363-7 010 $a9786612123634 010 $a0-470-74530-4 035 $a(CKB)1000000000719697 035 $a(EBL)427943 035 $a(OCoLC)437111516 035 $a(SSID)ssj0000367175 035 $a(PQKBManifestationID)12088522 035 $a(PQKBTitleCode)TC0000367175 035 $a(PQKBWorkID)10419342 035 $a(PQKB)10646373 035 $a(MiAaPQ)EBC427943 035 $a(EXLCZ)991000000000719697 100 $a20090223d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aUnified financial analysis $ethe missing links of finance /$fWilli Brammertz ... [et al.] 210 $aChichester, West Sussex $cWiley$dc2009 215 $a1 online resource (461 p.) 225 1 $aThe Wiley Finance Series ;$vv.447 300 $aDescription based upon print version of record. 311 $a0-470-69715-6 320 $aIncludes bibliographical references and index. 327 $aUnified Financial Analysis; Contents; List of Figures; List of Tables; Acknowledgments; Preface; PART I INTRODUCTION; 1 The Evolution of Financial Analysis; 1.1 Bookkeeping; 1.2 Modern finance; 1.3 Departments, silos and analysis; 1.4 The IT system landscape; 1.5 New approach; 1.6 Hazards of a single solution; 2 Finding the Elements; 2.1 The notion of elements; 2.1.1 Elements and science; 2.1.2 Analyzing analysis; 2.2 Elements of financial analysis; 2.2.1 Liquidity; 2.2.2 Value and income; 2.2.3 Risk and sensitivity analysis; 2.3 Input elements; 2.4 Financial events and expected cash flows 327 $a2.5 Risk factors and risk categories2.6 The time dimension; 2.6.1 Time and the calendar time; 2.6.2 The role of intervals; 2.6.3 Double existence of time; 2.7 Classification of analysis; 2.7.1 Liquidation and going-concern view; 2.7.2 Analysis types; 2.8 Nonfinancial cash flows; 2.9 The methodology as an image; PART II INPUT ELEMENTS; 3 Financial Contracts; 3.1 Modeling of financial contracts; 3.2 Standard contract types; 3.3 Rules and mechanisms of standard contracts; 3.3.1 Principal amortization patterns; 3.3.2 Principal draw-down patterns (step-up); 3.3.3 Interest payment patterns 327 $a3.3.4 Fixed/variable (rate adjustments)3.3.5 FX rates; 3.3.6 Stock patterns; 3.3.7 Commodity patterns; 3.3.8 Plain vanilla option patterns; 3.3.9 Exotic option patterns; 3.3.10 Credit risk; 3.3.11 Behavioral patterns; 3.4 Examples; 3.4.1 Principal at maturity (PAM); 3.4.2 Annuities (ANN); 3.4.3 Regular amortizer (RGM); 3.4.4 Interest rate swap (IRSWP); 3.4.5 Forward rate agreement (FRA); 3.4.6 Bond and interest rate options (IROPT); 3.5 Nonstandard contract types; 3.5.1 Input elements and events; 3.5.2 Analysis elements; Appendix: Practical considerations; 3.A.1 Mapping process 327 $a3.A.2 Data quality4 Market Risk Factors; 4.1 Expectations; 4.1.1 Economic expectations; 4.1.2 Arbitrage-free markets and risk-neutral valuation; 4.1.3 Absence of arbitrage and economic expectation; 4.1.4 Linear and nonlinear effects; 4.2 Static modeling; 4.2.1 Interest rates; 4.2.2 Stocks, exchange rates and commodities; 4.2.3 Spreads as risk factors; 4.3 Stochastic market models: the arbitrage-free world; 4.3.1 Stock price models; 4.3.2 Beyond geometric Brownian motion; 4.3.3 Interest rates: general considerations; 4.3.4 Short rate models; 4.3.5 Forward rate models 327 $a4.4 Stochastic market models: the real world4.4.1 Economic scenario generation; 4.4.2 Modeling individual products: stocks and commodities; 4.4.3 Product rates; 4.5 Alternative valuation techniques; 4.5.1 Arbitrage-free and complete markets; 4.5.2 Arbitrage-free incomplete markets; 4.5.3 Discounting with deflators; 4.5.4 Arbitrage opportunities and deflators; Further reading; 5 Counterparty; 5.1 Exposure, rating and probabilities of default; 5.2 Data determining gross exposure; 5.2.1 Counterparty descriptive data; 5.2.2 Counterparty hierarchies and group structures 327 $a5.2.3 Counterparty and financial contracts 330 $aUnified Financial Analysis arrives at the right time, in the midst of the current financial crisis where the call for better and more efficient financial control cannot be overstated. The book argues that from a technical perspective, there is no need for more, but for better and more efficiently organized information. The title demonstrates that it is possible with a single but well organized set of information and algorithms to derive all types of financial analysis. This reaches far beyond classical risk and return or profitability management, spanning all risk categories, a 410 4$aThe Wiley Finance Series 606 $aFinance 606 $aAccounting 615 0$aFinance. 615 0$aAccounting. 676 $a332 700 $aBrammertz$b Willi$01756476 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910876566003321 996 $aUnified financial analysis$94193766 997 $aUNINA