Capital Market Instruments: Analysis and Valuation (Prentice Hall Professional Finance) - Softcover

Choudhry, Moorad; Pienaar, R; Pereira, Richard; Didier, Joannas

Softcover

ISBN 10: 0273654128 ISBN 13: 9780273654124

Publisher: FT Press, 2001

Synopsis

The authors have applied their practical knowledge to produce a text that is concise yet thorough. It will be extremely valuable both as a beginner's guide and as a work of reference for those more experienced in the world of capital markets.Ian B. Abrams, Managing Director, Mizuho International plcMoorad Choudhry and his co-authors have made a noteworthy contribution to the literature on financial economics with this book, and I hope that this exciting and interesting new work spurs readers on to their own research and investigation.Jane Douglas-Jones, Managing Editor, FOWMoorad Choudhry and his co-authors have produced a book that provides excellent and comprehensive coverage of a wide range of traditional and modern derivative securities. Given its content and user-friendly style, it is sure to become required reading for many courses in finance.Brian A. Eales, Department of Economics, London Guildhall University'The complexity of the markets made simple is a goal this book achieves with enthusiasm - an excellent guide suitable for practitioners at all levels.'Huw Williams, VP, Head of Sales, EAME Structured Finance Services, JPMorganChaseThis is a well-crafted book and

About this title

About the Author

Moorad Choudhry is a vice-president in structured finance services with JPMorgan in London. He started his City career in 1989 at the London Stock Exchange, before joining the sterling eurobond desk at Hoare Govett Securities Limited. He was later employed as a gilt-edged market-maker and treasury trader at ABN Amro Hoare Govett Sterling Bonds Limited. From there he moved to Hambros Bank Limited, where he set up and ran the Treasury division's sterling proprietary trading desk. He also worked as a strategy and risk management consultant to some of the world's leading investment banks, before joining JPMorgan in 2000. Moorad has an MA in econometrics from Reading University and an MBA from Henley Management College. He has lectured at London Guildhall University, and is a Senior Fellow at the Centre for Mathematical Trading and Finance, City University Business School.

Didier Joannas is a regional director with SunGard Trading and Risk Systems in Hong Kong. He was previously employed as a quantitative analyst and arbitrage trader on the gilt-edged market-making desk at ABN Amro Hoare Govett Sterling Bonds Limited and ABN Amro Securities (UK) Limited. He obtained his doctorate in applied mathematics and aerodynamics at the University of St Etienne in France before joining Avions Marcel Dassault, the company behind such projects as the Ariane space rocket and the Rafale supersonic jet fighter. He then worked for Viel & Cie bond option brokers in Paris before joining ABN Amro Hoare Govett Sterling Bonds Limited in London in 1994.

Richard Pereira is a member of the credit derivatives and securitization team at Dresdner Kleinwort Wasserstein in London. He obtained a first-class degree in mathematics from Imperial College, University of London, before training as a Chartered Accountant. He then worked as a management consultant specializing in market and credit risk, and has been involved in advisory work at a number of investment banks. Richard joined Dresdner Kleinwort Wasserstein in 2001.

Rod Pienaar works as a business analyst with Deutsche Bank in London, as part of a project group providing systems analysis to the corporate and investment banking division. Rod obtained his undergraduate degree in business and commerce at the University of Witwatersrand in Johannesburg before training as a Chartered Accountant. He then moved to London where he worked as a management consultant specializing in market risk analysis, before joining Deutsche Bank in 2000.

From the Back Cover

Over the last 30 years, the capital markets industry has undergone an unprecedented transformation, from an industry of capital restrictions and limited hedging instruments to one that is now as wildly diverse as it is dynamic. The increasing complexity of the markets has left many individuals struggling to keep up with the rate of change and ever-growing options available to them.

Capital Market Instruments enables you to keep on track with the latest developments. It contains valuable insights into practical techniques and applications used today, as well as shedding light on what can be expected in the future. It also highlights the scope and significance of these techniques in the marketplace.

As a concise introduction to some of the important issues in the capital markets, it places emphasis on fixed income instruments and related products, as well as covering fundamental concepts in equity market analysis, foreign exchange and money markets, and other derivative instruments.

Capital Market Instruments will prove an invaluable guide for practitioners and students alike, enabling readers to understand the latest instruments and models and apply methods that will keep them abreast with the latest market practices.

Capital Market Instruments is a concise yet detailed guide to the mathematics of the debt and equity capital markets, and one that will prove essential reading for current and potential market practitioners. It emphasizes the practical applications of analytical and valuation techniques that are fundamental to an understanding of both the bond and equity markets. A wide range of topics is covered, from yield curve modelling and index-linked bonds to corporate ratio analysis.

Capital Market Instruments provides clear understanding of key financial concepts, mathematical techniques and market analysis, illustrated with worked examples and case studies of real-world events at a number of investment banks.

The book also includes the RATE specialist computer application designed to introduce readers to yield curve construction, vanilla interest rate swaps, and caps. The CD-ROM includes the C++ source code.

Moorad Choudhry is also the author of Bond Market Securities.

"The authors have applied their practical knowledge to produce a text that is concise yet thorough. It will be extremely valuable both as a beginner's guide and as a work of reference for those more experienced in the world of capital markets."

Ian B. Abrams,
Managing Director,
Mizubo International plc

"Moorad Choudhry and his co-authors have produced a book that provides excellent and comprehensive coverage of a wide range of traditional and modern derivative securities. Given its content and user-friendly style, it is sure to become required reading for many courses in finance."

Brian A. Eales,
Department of Economics,
London Guildhall University

"The complexity of the markets made simple is a goal this book achieves with enthusiasm - an excellent guide suitable for practitioners at all levels."

Huw Williams,
VP, Head of Sales,
EMEA Structured Finance Services,
JPMorganChase

"This is a well-crafted book and a timely addition to the capital markets literature. It deserves a wide readership."

Daniel Shakhani,
Global Credit Strategy,
Goldman Sachs

Edition details

• Publisher: FT Press
• Publication date: 2001
• Language: English
• ISBN 10: 0273654128
• ISBN 13: 9780273654124
• Binding: Paperback
• Number of pages: 448