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In Securities Finance, editors Frank Fabozzi and Steven Mann assemble a group of prominent practitioners in the securities finance industry who discuss everything from the basics to the state-of-the-art technology currently in use in this field. Securities Finance also covers strategies that can be used to borrow securities in order to short or leverage positions and ties the key analytical concepts revealed to Bloomberg and other leading services in this area. Filled with in-depth insight and expert advice, Securities Finance can help a broad range of market participants hone their skills and…mehr

Produktbeschreibung
In Securities Finance, editors Frank Fabozzi and Steven Mann assemble a group of prominent practitioners in the securities finance industry who discuss everything from the basics to the state-of-the-art technology currently in use in this field. Securities Finance also covers strategies that can be used to borrow securities in order to short or leverage positions and ties the key analytical concepts revealed to Bloomberg and other leading services in this area. Filled with in-depth insight and expert advice, Securities Finance can help a broad range of market participants hone their skills and excel in this field.
Securities finance involves borrowing and lending transactions that are motivated for various reasons such as obtaining securities for settlement, financing inventory positions, and generating incremental income.

In Securities Finance, editors Frank Fabozzi and Steven Mann assemble a group of prominent practitioners in the securities finance industry to provide you with an enhanced understanding of the various arrangements in the securities finance market.

Divided into three comprehensive parts-Securities Lending, Bond Financing via the Repo Market, and Equity Financing Alternatives to Securities Lending-this book covers a wide range of securities finance issues, including:
_ Alternative routes to the securities lending market, including auctions
_ Tax, legal, regulatory, and accounting for securities lending transactions
_ Evaluating risks in securities lending transactions
_ U.S. and European repo markets
_ Dollar rolls and their impact on MBS valuation and strategies
_ Derivatives for financing equity positions and equity repos

Filled with in-depth insight and expert advice, Securities Finance contains the information you need to succeed in this rapidly expanding market.
Autorenporträt
FRANK J. FABOZZI, PhD, CFA, CPA, is the Frederick Frank Adjunct Professor of Finance at Yale University's School of Management. He is also a Fellow of the International Center for Finance at Yale University. Prior to joining the Yale faculty, Fabozzi was a visiting professor of finance in the Sloan School of Management at MIT. Fabozzi has authored and edited many acclaimed books in finance and is also the Editor of the Journal of Portfolio Management. STEVEN V. MANN, PhD, is Professor of Finance at the Moore School of Business, University of South Carolina. He has coauthored four previous books and numerous articles in the area of investments, primarily fixed-income securities and derivatives. Mann also works as a consultant to investment/commercial banks and has conducted training programs for financial institutions throughout the United States.