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Success in today's sophist Product Description Success in today's sophisticated financial markets depends on a firm understanding of key financial concepts and mathematical techniques. Mastering Financial Calculations explains them in a clear, comprehensive way — so even if your mathematical background is limited, you'll thoroughly grasp what you need to know.
Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step
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Produktbeschreibung
Success in today's sophist Product Description
Success in today's sophisticated financial markets depends on a firm understanding of key financial concepts and mathematical techniques. Mastering Financial Calculations explains them in a clear, comprehensive way — so even if your mathematical background is limited, you'll thoroughly grasp what you need to know.

Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options, and more. Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity.

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or market student, you'll gain the ability to manipulate and apply these techniques with speed and confidence.

Backcover
Mastering Financial Calculations shows you how to understand and apply the financial arithmetic necessary to work with the full range of products in the capital markets, foreign exchange, money markets and derivatives.

Written for anyone working in financial institutions, studying the financial markets or working towards the ACI Dealing Certificate and Diploma exams, the book provides a solid grounding in the calculations behind financial instruments.

Thoroughly updated throughout with extra calculations and formulas, the third edition of this bestseller now includes:

A chapter on equities which complements existing chapters on short and long-term interest rate instruments, foreign exchange and commodities

An overview of credit derivatives and their basic structures

A significantly expanded and updated glossary

A new chapter on statistics

Access to Microsoft Excel spreadsheets containing formulas and calculation methods which can be downloaded at www.Markets-International.com

Contents

Part 1

The Basics

Chapter 1: Financial Arithmetic Basics

Part 2

Interest Rate Instruments

Chapter 2: The Money Market

Chapter 3: Forward-Forwards and Forward Rate Agreements

Chapter 4: Interest Rate Structures

Chapter 5: Bond Market Calculations

Chapter 6: Repos, But/Sell-backs and Securities Lending

Chapter 7: Zero-Coupon Rates and Yield Curves

Part 3

Foreign Exchange

Chapter 8: Foreign Exchange

Part 4

Swaps and Options

Chapter 9: Interest Rate and Currency Swaps

Chapter 10: Options

Part 5

Gold and other commodities

Chapter 11: Gold and other commodities

Part 6

Hints and Answers to Exercises

Chapter 12: Hints and Answers to Exercises
Autorenporträt
Bob Steiner is the founder/managing director of Markets International, an independent training company. A former treasury officer and financial consultant hes also the author of Key Financial Market Concepts, now in its second edition.