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Treasury finance and development banking : a guide to credit, debt, and risk / / Biagio Mazzi



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Autore: Mazzi Biagio Visualizza persona
Titolo: Treasury finance and development banking : a guide to credit, debt, and risk / / Biagio Mazzi Visualizza cluster
Pubblicazione: Hoboken, New Jersey : , : Wiley, , [2013]
©2013
Descrizione fisica: 1 online resource (333 p.)
Disciplina: 332.1753
Soggetto topico: Credit
Bank loans
Debt
Financial risk
Development banks
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: Treasury 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
1.5.2 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
2.4 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
CHAPTER 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
CHAPTER 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
5.3.1 Benchmarks and Z-Spreads
Sommario/riassunto: Credit 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
Titolo autorizzato: Treasury finance and development banking  Visualizza cluster
ISBN: 1-118-73817-9
1-118-72942-0
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910139018603321
Lo trovi qui: Univ. Federico II
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Serie: Wiley Finance