By Moorad Choudhry
Banks are an integral part of the worldwide economic climate, and the essence of banking is asset-liability administration (ALM). This e-book is a complete remedy of a huge monetary industry self-discipline. A reference textual content for all these curious about banking and the debt capital markets, it describes the ideas, items and artwork of ALM. topics coated contain financial institution capital, cash industry buying and selling, danger administration, regulatory capital and yield curve analysis.
Highlights of the booklet contain specific insurance of:
- liquidity, hole and investment chance management
- hedging utilizing interest-rate derivatives and credit derivatives
- impact of Basel II
- securitisation and stability sheet management
- structured finance items together with asset-backed advertisement paper, mortgage-backed securities, collateralised debt tasks and based funding automobiles, and their function in ALM
- treasury operations and crew move pricing.
Concepts and methods are illustrated with case reviews and labored examples. Written in obtainable variety, this booklet is vital analyzing for marketplace practitioners, financial institution regulators and graduate scholars in banking and finance.
Includes unfastened CD-ROM that includes software program on functions defined within the e-book, together with a yield curve version, cubic spline spreadsheet calculator and CDO waterfall version.
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Extra resources for Bank Asset and Liability Management: Strategy, Trading, Analysis
It also creates a need for cash management. Much trading book activity involves derivative instruments, as opposed to “cash” products. Derivatives include futures, swaps and options. These can be equity, interest-rate, credit, commodity, foreign exchange (FX), weather and other derivatives. Derivatives are known as “off-balance sheet” instruments because they are recorded off the (cash) balance sheet. Their widespread use and acceptance has greatly improved the efficiency of the risk exposure hedging process, for banks and other institutions alike.
A. “Professor Choudhry has written a comprehensive guide providing invaluable insights into bank asset and liability management. The subject matter is delivered in an accessible and refreshingly clear manner. This latest publication is an essential read for anyone involved in the industry. ” Mark Williams (Director) and Wei Lieh Goh Hedge Fund Derivatives KBC Financial Products, London “A complete representation of the asset–liability management challenge facing the bank risk manager, the best practice to deploy and the mitigating tools available.
Corporate borrowers wishing to finance investment can raise capital in various ways. The main methods are: continued reinvestment of the profits generated by a company’s current operations; selling shares in the company, known as equity capital, equity securities or equity, which confirm on buyers a share in ownership of the company. The shareholders as owners have the right to vote at general meetings of the company, as well as the right to share in the company’s profits by receiving dividends; borrowing money from a bank, via a bank loan.
Bank Asset and Liability Management: Strategy, Trading, Analysis by Moorad Choudhry