Описание: 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 counterparty risk during the recent credit crisis. The quantification of firm-wide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining) and central counterparties. Banks and other financial institutions have been recently developing their capabilities for pricing counterparty risk and these elements are considered in detail via a characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment (DVA) and funding costs (FVA) are also considered at length. Portfolio management and hedging of CVA are described in full. Wrong-way counterparty risks are addressed in detail in relation to interest rate, foreign exchange, commodity and credit derivative products. Regulatory capital for counterparty risk, including the recent Basel III requirements for CVA VAR is discussed. The management of counterparty risk within an institution by a CVA desk is also discussed in detail. Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is considered. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full. This book is unique in being practically focused but also covering the more technical aspects. It is an invaluable complete reference guide for any market practitioner, policy maker, academic or student with any responsibility or interest within the area of counterparty credit risk and CVA.
Автор: McDaniel Phyllis G. Название: The Saga of the Sea Captain`s Daughter II: The Storm Builds ISBN: 1105591433 ISBN-13(EAN): 9781105591433 Издательство: Cambridge Academ Рейтинг: Цена: 2447.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The continuation of the Old South drama THE SEA CAPTAIN`S DAUGHTER, with the heroine, the tempestuous, free-thinking Belle Devereaux Peltier and her handsome lovers, their trials and tribulations--a story a little sweet, a little sour, somewhat salty and spicy for the times.
Автор: Starr John Bryan Название: Continuing the Revolution: The Political Thought of Mao ISBN: 069161248X ISBN-13(EAN): 9780691612485 Издательство: Wiley Рейтинг: Цена: 8712.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The author investigates the internal logic and evolution of Mao`s theory in terms of various themes. Beginning with a consideration of conflict, which in Mao`s view is a given and permanent component of society, Professor Starr then takes up the individual concepts of knowledge and action, authority, class and class conflict, organization, particip
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