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Synthetic & Structured Assets by Erik Banks
Synthetic & Structured Assets by Erik Banks
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The book will analyze a number of the first classes of structured assets, such as mortgage- and asset-backed securities and strips, as well as the newest structured and synthetic instruments, such as exchange-traded funds, credit derivative-based collateralized debt obligations, total return swaps, contingent convertibles, and insurance-linked securities. The book is organized along product lines.
The market’s size, important terms, participant motivations and goals, the economics of structuring and synthetic replication, and the essential “building blocks” involved in the production of synthetic/structured assets are all covered in two introductory chapters (including on-balance sheet assets and liabilities, derivatives, shelf registration debt programs, private placements, trusts, and special purpose entities). Following this, eight chapters on specific products will analyze the key market tools: mortgage- and asset-backed securities, stripped/reconstituted government securities, collateralized debt obligations, structured notes, insurance-linked securities, exchange-traded funds, convertible bond variants, and derivatives/synthetic asset replication. Financial mathematics will be minimized, and each product chapter will focus on practical investment and risk applications by including product descriptions, structural elements (such as trading customs, settlement), arbitrage/investment drivers, and different worked examples and illustrations. The key risk, legal, regulatory, and accounting characteristics of synthetic and structured assets in the world’s main markets will be reviewed in the final chapter.
Salepage : Synthetic & Structured Assets by Erik Banks
About Author
Erik Banks
Erik Banks is the author of more than 25 books on risk, catastrophe, derivatives, emerging markets, and Wall Street. He has spent 25 years as an international banker, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich; he has also worked in the hedge fund sector and has taught at the University level.
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