Unified financial analysis : the missing links of finance / / Willi Brammertz ... [et al.]

• Autore: Brammertz Willi
• Pubblicazione: Chichester, West Sussex, : Wiley, c2009
• Descrizione fisica: 1 online resource (461 p.)
• Disciplina: 332
• Soggetto topico: Finance; Accounting
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Unified 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 ; 2.5 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 ; 3.3.4 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 ; 3.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 ; 4.4 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 ; 5.2.3 Counterparty and financial contracts
• Sommario/riassunto: Unified 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
• Titolo autorizzato: Unified financial analysis
• ISBN: 1-119-99110-2; 1-119-20607-3; 1-282-12363-7; 9786612123634; 0-470-74530-4
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910876566003321
• Lo trovi qui: Univ. Federico II
• Serie: The Wiley Finance Series