The handbook of fixed income securities:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | German |
| Veröffentlicht: |
Homewood, Ill.
Irwin
1991
|
| Ausgabe: | 3. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXXII, 1419 S. graph. Darst. |
| ISBN: | 1556233086 1556234066 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV005452649 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | t | ||
| 008 | 920727s1991 d||| |||| 00||| ger d | ||
| 020 | |a 1556233086 |9 1-55623-308-6 | ||
| 020 | |a 1556234066 |9 1-55623-406-6 | ||
| 035 | |a (OCoLC)21483142 | ||
| 035 | |a (DE-599)BVBBV005452649 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a ger | |
| 049 | |a DE-384 |a DE-739 |a DE-19 |a DE-703 |a DE-11 |a DE-188 | ||
| 050 | 0 | |a HG4651 | |
| 082 | 0 | |a 332.63/2044 |2 20 | |
| 084 | |a QK 620 |0 (DE-625)141668: |2 rvk | ||
| 084 | |a QK 650 |0 (DE-625)141674: |2 rvk | ||
| 245 | 1 | 0 | |a The handbook of fixed income securities |c Frank J. Fabozzi, ed. |
| 250 | |a 3. ed. | ||
| 264 | 1 | |a Homewood, Ill. |b Irwin |c 1991 | |
| 300 | |a XXXII, 1419 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Actions privilégiées - Guides, manuels, etc | |
| 650 | 4 | |a Fonds du marché monétaire - Guides, manuels, etc | |
| 650 | 4 | |a Obligations (Valeurs) - Guides, manuels, etc | |
| 650 | 4 | |a Sociétés d'investissement - Guides, manuels, etc | |
| 650 | 4 | |a Valeurs mobilières à revenus fixes - Guides, manuels, etc | |
| 650 | 4 | |a Bonds |v Handbooks, manuals, etc | |
| 650 | 4 | |a Money market funds |v Handbooks, manuals, etc | |
| 650 | 4 | |a Mutual funds |v Handbooks, manuals, etc | |
| 650 | 4 | |a Preferred stocks |v Handbooks, manuals, etc | |
| 650 | 0 | 7 | |a Portfolio Selection |0 (DE-588)4046834-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Vorzugsaktie |0 (DE-588)4188751-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Offener Investmentfonds |0 (DE-588)4305480-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Derivat |g Wertpapier |0 (DE-588)4381572-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Rentenmarkt |0 (DE-588)4177794-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Festverzinsliches Wertpapier |0 (DE-588)4121262-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Kapitalanlage |0 (DE-588)4073213-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Wertpapier |0 (DE-588)4065674-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Asset-Backed Security |0 (DE-588)4343344-3 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
| 689 | 0 | 0 | |a Festverzinsliches Wertpapier |0 (DE-588)4121262-9 |D s |
| 689 | 0 | 1 | |a Asset-Backed Security |0 (DE-588)4343344-3 |D s |
| 689 | 0 | 2 | |a Derivat |g Wertpapier |0 (DE-588)4381572-8 |D s |
| 689 | 0 | 3 | |a Portfolio Selection |0 (DE-588)4046834-3 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 689 | 1 | 0 | |a Festverzinsliches Wertpapier |0 (DE-588)4121262-9 |D s |
| 689 | 1 | 1 | |a Rentenmarkt |0 (DE-588)4177794-3 |D s |
| 689 | 1 | 2 | |a Kapitalanlage |0 (DE-588)4073213-7 |D s |
| 689 | 1 | 3 | |a Portfolio Selection |0 (DE-588)4046834-3 |D s |
| 689 | 1 | |8 2\p |5 DE-604 | |
| 689 | 2 | 0 | |a Wertpapier |0 (DE-588)4065674-3 |D s |
| 689 | 2 | 1 | |a Vorzugsaktie |0 (DE-588)4188751-7 |D s |
| 689 | 2 | 2 | |a Offener Investmentfonds |0 (DE-588)4305480-8 |D s |
| 689 | 2 | |8 3\p |5 DE-604 | |
| 700 | 1 | |a Fabozzi, Frank J. |d 1948- |e Sonstige |0 (DE-588)129772054 |4 oth | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003410941&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-003410941 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 883 | 1 | |8 2\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 883 | 1 | |8 3\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804119662587281408 |
|---|---|
| adam_text | CONTENTS
PART1
BACKGROUND 1
1 INTRODUCTION TO FIXED INCOME SECURITIES
Frank J. Fabozzi and Michael D. Joehnk 3
Why Invest In Fixed Income Securities? Advantages of
Ownership Disadvantages of Ownership What Are the
Choices?
2 FEATURES OF FIXED INCOME SECURITIES
Frank J. Fabozzi and Michael G. Ferri 10
Bonds Type of Issuer Maturity Coupon and Principal
Yields Price Quotes Call and Refunding Provisions Put
Provisions Convertible or Exchangeable Debt Warrants
Preferred Stock Mortgage Backed Securities Mortgage Cash
Flows Mortgage Pass through Securities Collateralized
Mortgage Obligations Mortgage Backed Bonds Stripped
Mortgage Backed Securities Summary
3 RISKS ASSOCIATED WITH INVESTING IN FIXED INCOME
SECURITIES Ravi E. Dattatreya, Frank J. Fabozzi, and
T. Dessa Fabozzi 30
Market or Interest Rate Risk Reinvestment Risk Timing or
Call Risk Credit Risk or Default Risk Yield Curve or Maturity
Risk Inflation or Purchasing Power Risk Marketability or
Liquidity Risk Exchange Rate or Currency Risk Volatility Risk
Political or Legal Risk Event Risk Sector Risk Other Risks
Summary
4 FEDERAL INCOME TAX TREATMENT OF FIXED INCOME
SECURITIES Frank J. Fabozzi and David Z. Nirenberg 40
Some Definitions Gross Income, Adjusted Gross Income,
Taxable Income, and Alternative Minimum Taxable Income
Classification of Taxpayers: Dealers, Traders, Investors Interest
Income Accrued Interest Bond Purchased at a Discount
Bond Purchased at a Premium Dividends Capital Gain
xvii
xviii Contents
and Loss Treatment Capital Gain and Loss Treatment for
Individuals Capital Gain and Loss Treatment for Corporations
Deducibility of Interest Expense Incurred to Acquire or Carry
Securities
5 A REVIEW OF THE TIME VALUE OF MONEY
Frank J. Fabozzi 60
Future Value Computing the Future Value of an Investment
Compounding More than One Time Per Year Future Value of
an Ordinary Annuity Present Value Present Value of a Series
of Future Values Present Value of an Ordinary Annuity Yield
(Internal Rate of Return) Yield Calculation When There Is Only
One Cash Flow Annualizing Yields Summary
6 BOND PRICING AND RETURN MEASURES
Frank J. Fabozzi 81
Bond Pricing Determining the Cash Flows Determining
the Required Yield Determining the Price Relationship
Between Required Yield and Price at a Given Point in Time
The Relationship Between Coupon Rate, Required Yield, and
Price Time Path of a Bond Reasons for the Change in the
Price of a Bond Pricing a Zero Coupon Bond Determining
the Price When the Settlement Date Falls between Coupon
Periods Conventional Yield Measures Current Yield Yield
to Maturity Yield to Call Yield (Internal Rate of Return) for a
Portfolio Yield Measure for Floating Rate Securities Horizon
Return Analysis Calculating the Horizon Return Applications
of Horizon Analysis Summary
7 PRICE VOLATILITY CHARACTERISTICS OF FIXED
INCOME SECURITIES Frank J. Fabozzi, Mark Pitts, and
Ravi E. Dattatreya 116
Price/Yield Relationship for Option Free Bonds Bond Price
Volatility Volatility in Terms of Percentage Price Change
Volatility in Terms of Dollar Price Change The Effects of Yield
to Maturity Measures of Bond Price Volatility Price Value
of a Basis Point Yield Value of a Price Change Duration
Convexity An Application Duration and Convexity for Callable
Bonds Summary
8 THE DETERMINANTS OF INTEREST RATES ON
FIXED INCOME SECURITIES Frank J. Jones and
Benjamin Wolkowitz 141
Rationale for Interest Rate Determination Liquidity Preference
Loanable Funds Inflation and the Real Rate of Interest
Contents xix
Synthesis Tone of the Market The Structures of Interest
Rates Credit Risk Taxability Structure Interest Rate
Structure: A Summary Summary
PART 2
TREASURY, AGENCIES, AND MONEY MARKET
INSTRUMENTS 171
9 TREASURY AND STRIPPED TREASURY SECURITIES
Frank J. Fabozzi and T. Dessa Fabozzi 173
Treasury Securities The Primary Market The Secondary
Market Stripped Treasury Securities Analysis of the Treasury
Yield Curve Constructing the Theoretical Spot Rate Curve
Stripped Treasury Securities and the Term Structure of Interest
Rates Implied Forward Rates Relationship Between Long
Spot Rates and Short Term Implied Forward Rates Theories
of the Term Structure of Interest Rates Summary
10 FEDERALLY SPONSORED AGENCY SECURITIES
Laurie S. Goodman, Judith Jonson, and Andrew Silver 208
Major Issuers and Security Characteristics Agricultural
Agencies (The Federal Farm Credit Bank System) Home
Mortgage Intermediaries Primary and Secondary Markets
Calculating Yield and Accrued Interest Trading Strategies
Yield Curve Strategies Agency Credit Quality Trade
Individual Securities Trades
11 COMMERCIAL PAPER, MEDIUM TERM NOTES, BANKERS
ACCEPTANCES, AND CDS Frank J. Fabozzi 223
Commercial Paper Directly Placed versus Dealer Placed
Paper The Secondary Market Yields on Commercial
Paper Medium Term Notes Types of Medium Term Note
Programs Offered Bankers Acceptances The Accepting
Banks Dealers Certificates of Deposit Floating Rate CDs
Yields on CDs
12 REPURCHASE AGREEMENTS Oskar H. Rogg 238
The Basics Features of the Repo Market Collateral
Rate Term Credit Market Participants Matched Books
Mechanics of Repurchase Agreements Margin Mark
to Market Substitution Principal and Interest Payments
Delivery Repo Trading Practices Specials Repos Securities
Lending Recent Legal Events in the Repo Market Repo
Products and Strategies Flex Repos Indexed Repos
xx Contents
Spread Trades Reverse to Maturity Transactions The Other
Repo Market Participant—Federal Reserve Open Market Activity
Future of the Repurchase Agreement Market
PART 3
SENIOR CORPORATE SECURITIES, MUNICIPAL BONDS,
AND GICS 251
13 CORPORATE BONDS Frank J. Fabozzi, Richard S. Wilson,
Harry C. Sauvain, and John C. Ritchie, Jr. 253
The Corporate Trustee Some Bond Fundamentals Bonds
Classified by Issuer Type Corporate Debt Maturity Interest
Payment Characteristics Security for Bonds Mortgage
Bond Collateral Trust Bonds Equipment Trust Certificates
Debenture Bonds Subordinated and Convertible Debentures
Guaranteed Bonds Provisions for Paying Off Bonds Call
and Refund Provisions Outright Redemptions Sinking Fund
Provision Maintenance and Replacement Funds Redemption
through the Sale of Assets and Other Means Sources of
Information About Corporate Bond Offerings Promised
Yields on Corporate Bonds and Bond Ratings Approaches
to Evaluating Callable Corporate Bonds Event Risk The Bond
Markets The Exchange Market The OTC Market Differences
in the Quality of Marketability Summary
14 DOMESTIC FLOATING RATE AND ADJUSTABLE RATE DEBT
SECURITIES Richard S. Wilson 288
Classification of Floating Rate Debt Instruments and
Summary of Terms Historical Overview Size of the Market
Determination of the Coupon Looking at Yields—Evaluation
Methods Market Comment
15 CONVERTIBLE SECURITIES AND WARRANTS
John C. Ritchie, Jr. 300
Convertible Securities Who Issues Convertibles? Advantages
and Disadvantages to Issuing Firms Advantages to the
Investor Disadvantages to the Investor Analysis of
Convertible Bonds Convertible Securities: An Illustrative
Analysis Dilution of the Conversion Privilege Valuation of
Convertibles When Should a Convertible Be Converted or
Sold? Summary of Convertibles Common Stock Warrants
Warrants and Stock Rights Distinguished Warrants and
Call Options Distinguished Leverage and Minimum Values
Valuation Models for Warrants Warrant Premiums Summary
of Warrants
Contents xxi
16 NONCONVERTIBLE PREFERRED STOCK
Richard S. Wilson 319
The Essential Nature of Preferred Stocks Profile of the
Preferred Stock Market Issue Types and Issuers Preferred
Stock Ratings The Terms of the Bargain with Investors
Preferred Stock Terms and Features Nonparticipating
Preferred Stock Cumulative Preferred Stock Preference
to Assets Voting Rights Redemption Provisions Multiple
Issues of one Class of Preferred Taxability of Preferred Stock
Dividends The Market for Preferreds Sources of Information
about Preferred Stocks Summary
17 CREDIT ANALYSIS FOR CORPORATE BONDS
Jane Tripp Howe 343
Industry Considerations Economic Cyclically Growth
Prospects Research and Development Expenses
Competition Sources of Supply Degree of Regulation Labor
Accounting Financial Analysis Traditional Ratio Analysis
Analysis of the Components of Return on Equity Nonfinancial
Factors Indenture Provisions Utility Indentures Industrial
Indentures Financial Indentures Utilities Segments within
the Utility Industry Financial Analysis Nonfinancial Factors
Finance Companies Segments within the Finance Industry
Financial Analysis The Rating Agencies and Brokerage
Houses Rating Agencies Brokerage House Services
Conclusion
18 HIGH YIELD BONDS Robert D. Long 372
Risk and Return Default Losses Conclusion
19 CREDIT CONSIDERATIONS IN EVALUATING HIGH YIELD
BONDS Jane Tripp Howe 383
Introduction Competition Cash Flow Net Assets
Management Leverage Special Types of High Yield
Securities Exchangeable Variable Rate Notes (EVRNs)
Usable Bonds Springing Issues Pay in Kind Securities
Other Issues Performance of High Yield Securities and
Default Risk Brokerage Houses and the Rating Agencies
Conclusion
20 INVESTING IN CHAPTER 11 AND OTHER DISTRESSED
COMPANIES Jane Tripp Howe 393
The Importance of a Basic Understanding Overview of
Bankruptcy When a Company Files for Protection
xxii Contents
Proceeding Toward a Plan Formulation of a Plan Disclosure
Statement Cram Down Analysis of Companies in
Reorganization Investing in Individual Securities Selecting
the Universe Obtaining Financial Information Investing
without a Plan of Reorganization Secured Bonds Fraudulent
Conveyance Investing with a Plan of Reorganization
Evaluation of the Plan Determining a Price Per Share for
the Debtor Conclusion
21 MUNICIPAL BONDS Sylvan G. Feldstein and
Frank J. Fabozzi 413
Types of Municipal Obligations Bonds Hybrid and Special
Bond Securities Notes Newer Market Sensitive Debt
Instruments The Legal Opinion The Commercial Credit
Rating of Municipal Bonds Moody s Investors Service
Standard Poor s How the Rating Agencies Differ
Municipal Bond Insurance The Insurers Market Pricing of
Insured Municipal Bonds Equivalent Taxable Yield State
and Local Tax Treatment Yield Relationships within the
Municipal Bond Market Differences within an Assigned
Credit Rating Differences between Credit Ratings
Differences between In State and General Market
Differences between Maturities The Primary and Secondary
Markets The Primary Market The Secondary Market
Regulation of the Municipal Securities Market The Nature
of the Municipal Bond Industry Increased Volume and
Interest Rate Volatility New Financing Techniques Increased
Importance of the Retail Investor
22 GUIDELINES IN THE CREDIT ANALYSIS OF GENERAL
OBLIGATION AND REVENUE MUNICIPAL BONDS
Sylvan G. Feldstein 442
Introduction The First Influence: Defaults and Bankruptcies
The Second Influence: Strong Investor Demand for Tax
Exemption The Legal Opinion General Obligation Bonds
Revenue Bonds Legally Untested Security Structures and
New Financing Techniques The Need for Reliable Legal
Opinions The Need to Know Who Really Is the Issuer For
General Obligation Bonds For Revenue Bonds On the
Financial Advisor and Underwriter The Need for Complete, Not
Just Adequate, Investment Risk Disclosures The Importance
of Firm Reputation for Thoroughness and Integrity General
Credit Indicators and Economic Factors in the Credit Analysis
For General Obligation Bonds For Revenue Bonds Red
Contents xxiii
Flags for the Investor For General Obligation Bonds For
Revenue Bonds
23 ANALYZING THE CREDITWORTHINESS OF SHORT
TERM MUNICIPAL OBLIGATIONS Sylvan G. Feldstein
and Frank J. Fabozzi 468
Tax, Revenue, Grant, and Bond Anticipation Notes Evaluating
Tax, Revenue, and Grant Anticipation Notes Evaluating
Bond Anticipation Notes Evaluating Repurchase Agreements
Evaluating Tax Exempt Commercial Paper The Preference
Problem Summary
24 EUROCAPITAL MARKETS Hung Q. Tran, Larry Anderson,
and Ernst Ludwig Drayss 481
Recent History of European Finance Europe in the Global
Supply and Demand of Funds Europe as an Alternative to
the U.S. Dollar and Yen Blocs Europe as a Key Link in a
24 Hour Trading Environment History and Development of the
Eurocapital Market Formation of the Eurodollar Deposit Market
Development of the Euromoney Market Founding of the
Eurocapital Markets Brief Historical Review of the Eurocapital
Market Fixed Rate Debt Instruments in the Euromarkets
Straight Bonds Debt Warrants Currency Warrants
Commodity Warrants Other Fixed Rate Debt Instruments
Variable Rate Debt Instruments in the Euromarkets Floating
Rate Notes Euronotes and Eurocommercial Paper Equity
Warrant and Convertible Issues in the Euromarkets Fixed
Rate Bonds with Equity Warrants Bonds with Ex Warrants
Convertibles Euroequity Market Borrowing in the Euromarket
Rationale Underwriting and Syndication Borrower Profiles
Investing in the Euromarket Investor Base Clearing Systems
National Markets in Europe
25 GUARANTEED INVESTMENT CONTRACTS
Kenneth L Walker and Klaus O. Shigley 507
What Is a GIC? The General Account, Separate Account,
and Subsidiaries Who Are the Buyers? Types of GIC
Instruments Bullet Contracts Window Contracts Floating
Rate Contracts Participating Contracts Derivatives/Synthetics
Bank Investment Contracts If and But Contracts Pooled
GIC Funds Investment Considerations of the Insurer Specific
Underwriting Risks for GICs Managing a GIC Portfolio Plan
Design Cash Flow Requirements Corporate Philosophy
Performance Goals The Future
xxiv Contents
PART 4
MORTGAGE BACKED AND ASSET BACKED SECURITIES 533
26 MORTGAGES Dexter Senft and Frank J. Fabozzi 535
What Is a Mortgage? Qualifying for a Mortgage Mortgage
Insurance Servicing Mortgage Origination Overview of The
Mortgage Origination Process Mortgage Securitization What
Types of Properties are Mortgaged? Nontraditional Mortgages
Graduated Payment Mortgages (GPMs) Growing Equity
Mortgages Adjustable Rate Mortgages Risks Associated
with Investing in Mortgages Interest Rate Risk Prepayment
Risk Credit Risk Liquidity Risk The Development of the
Current Mortgage Market The Primary Mortgage Market The
Secondary Mortgage Market Summary
27 MORTGAGE PASS THROUGH SECURITIES Unda Lowell 562
What is a Mortgage Pass through Security? Agency Pass
through Securities Government National Mortgage Association
Pass through Securities Conventional Mortgage Backed
Securities Private Pass through Securities Mortgage and
Pass through Cash Flows Determinants of Prepayment Rates
Measuring Prepayments Evaluating Pass through Securities
Yield, Average Life, and Duration Relative Value Analysis
Total Return Analysis Summary
28 INVESTING IN SPECIFIED POOLS Chuck Ramsey and
J. Michael Henderson 589
Historical Evolution of the Specified Pool Market Investor
Rationale Underlying the Purchase of Specified Pools
Specified Pool Analysis Examples of Other Types of Specified
Pools Summary
29 COLLATERALIZED MORTGAGE OBLIGATIONS
Gregory J. Parseghian 601
The CMO Product The Basic CMO Structure Evolution of the
CMO Early Developments Special Features in Early Deals
Guaranteed Minimum Sinking Fund Guaranteed Minimum
Reinvestment Rate Credit Guarantee on Mortgages Removal
of Excess Cash Flow by Issuer Special Reserve Fund for
Negative Amortization Collateral Prepayment Reserve Fund j
Importance of the Issuer Later Developments in CMO |
j
Contents xxv
Evolution Special Types of CMO Tranches Accrual Bonds
CMO Residuals Controlled Amortization Bonds: The PAC
Structure Floating Rate CMOs Evaluating CMOs The
Underlying Collateral Structure and Seasoning of a CMO
Sensitivity to Prepayment Changes The Coupon Rate and
Relationship of CMO Price to Par
30 STRIPPED MORTGAGE PASS THROUGH SECURITIES
Steven J. Carlson and Timothy D. Sears 633
Cash Flow for 10 and PO Securities The Price/Yield
Relationship for Treasury and Mortgage Securities Trading
Characteristics of IOs and POs The Effect of Coupon on 10
and PO Value Pricing and Performance Opportunities for
Asset/Liability Managers Building Liquidity in the Stripped
Mortgage Pass through Market
31 ASSET BACKED SECURITIES Andrew S. Carron 654
Market Development and Growth Structure Installment
Contract ABSs Revolving Credit ABS Credit Considerations
Types of Credit Support Default Protection Cash Flow
Characteristics of ABS Valuation of Asset Backed Securities
PART 5
OPTIONS AND FUTURES 667
32 FIXED INCOME OPTIONS AND FUTURES MARKETS
Mark Pitts and Frank J. Fabozzi 669
Basic Characteristics of Derivative Contracts Futures Contracts
Forward Contracts Options Differences between Option
and Futures (or Forward) Contracts Specifications of
Representative Futures Contracts The Treasury Bond Futures
Contract The 10 Year Treasury Note Futures Contract The
Treasury Bill Futures Contract The Eurodollar Time Deposit
Futures Contract The Municipal Bond Futures Contract
Mechanics of Futures Trading Specifications of Representative
Futures Options Contracts Options on Treasury Bond Futures
Options on Eurodollar Futures Mechanics of Trading Futures
Options OTC Contracts The Structure of the OTC Market
The OTC Contracts Pricing and Arbitrage in the Interest Rate
Futures Market Pricing of Futures Contracts Applications to
Portfolio Management Changing the Duration of the Portfolio
Asset Allocation Creating Synthetic Securities for Yield
Enhancement Hedging Conclusion
xxvi Contents
33 OVERVIEW OF EXCHANGE TRADED OPTIONS ON
FIXED INCOME SECURITIES AND OPTION STRATEGIES
Robert W. Kopprasch and Victor J. Haghani 708
Basics of the Option Contract The Role of the Clearing
Corporation The Intrinsic Value Puts and Calls on Fixed
Income Securities The Call Option The Put Option Options
Strategies and Tactics Viewing Call Options as Alternative
Investments Using Puts to Protect Long Positions Options in
the Portfolio Context Equivalent Positions Option Valuation
Determinants of Value Conversions and Reversals Early
Exercises of Options Options on Futures The Hedge Ratio
(Delta) Summary
34 AN OVERVIEW OF FIXED INCOME OPTION MODELS
Lawrence J. Dyer and David P. Jacob 742
The Basics of Options Pricing Arbitrage Pricing Volatility
Discounting Procedure Representation of the Underlying
Security s Price Process Comparison of Major Models Black
Scholes Binomial Model Based on Yield to Maturity Yield
Curve Models Which Model Should Be Used? Options
with Short Terms to Expiration Long Term Options Closing
Thoughts Conclusion
35 BEHAVIOR OF VOLATILITY AND TRADING
CHARACTERISTICS OF FIXED INCOME OPTIONS
Nicholas C. Letica, William J. Curtin, Andrew Lawrence,
and John Drastal 774
Effects of Volatility on Option Pricing What Is Volatility?
Types of Volatility Empirical Volatility Implied Volatility The
Relationship Between Empirical and Implied Volatility The
Applications of Implied and Empirical Volatilty Impact of
Volatility on Fixed Income Securities Appendix A. Percentage
Volatilities and the Lognormal Distribution: A Sample Calculation
of Absolute and Percentage Volatility Appendix B. Annualizing
Volatility
PART 6
ANALYSIS OF BONDS WITH EMBEDDED OPTIONS 789
36 APPROACHES TO THE VALUATION OF CALLABLE
CORPORATE BONDS flaw E. Dattatreya and
Frank J. Fabozzi 791
Classical Analysis Market Response of Callable Bonds The
Option Approach to Pricing Callable Bonds Call Adjusted or
Option Adjusted Yield Relationship to Option Adjusted
Contents xxvii
Method Call Adjusted Duration and Convexity Valuing the
Embedded Call Option Features of a Call Option Portfolio
and Asset/Liability Management Implications Indexing Active
Strategies: The Importance of the Benchmark Immunization
37 OPTION ADJUSTED SPREAD ANALYSIS Lakhbir S. Hayre
and Kenneth Lauterbach 809
Valuation of a Stream of Cash Flows Traditional Methods
Calculation of Implied Risk Premium or OAS Modeling
Interest Rate and Cash Flow Uncertainty Comparison of
the OAS and Traditional Yield Spreads Mortgage Securities
Obtaining Mortgage Cash Flows Option Adjusted Analysis
of Pass throughs CMO Bonds Callable Corporate Bonds
Bond Cash Flows on Interest Rate Paths Option Adjusted
Spreads Cost of the Embedded Option Price Behavior and
Effective Duration Applications to Relative Value Analysis
Comparison of an Agency and a Mortgage Pass through
Rich/Cheap Analysis for Treasuries Summary
38 THE VALUATION AND EXPOSURE MANAGEMENT OF
BONDS WITH EMBEDDED OPTIONS
Richard Bookstaber 839
Introduction Pricing Yield Measurement for Bonds with
Options: Adjusted Yield The Put/Call Parity Relationship
for Bonds with Options The Payoff Profile of Bonds with
Option Positions Taking Advantage of Mispricing Exposure
Management Changing Interest Rate Sensitivity and the
Convexity of Duration Potential Pitfalls in the Analysis of
Bonds with Implicit Options Assessing the Performance of
Bonds with Options Pitfalls in Option Model Design The
Problem of Nonoptimal Exercise Conclusion References
PART 7
FIXED INCOME PORTFOLIO MANAGEMENT 873
39 BOND MANAGEMENT: PAST, CURRENT, AND FUTURE
H. Gifford Fong 875
Traditional Fixed Income Portfolio Strategy Historical
Perspective Quantitative Innovation Summary
40 THE ACTIVE DECISIONS IN THE SELECTION OF
PASSIVE MANAGEMENT AND PERFORMANCE BOGEYS
Chris P. Dialynas 882
Active Bond Management Market Indexes The SLGC Index
The SLAG Index The Salomon Brothers High Grade Index
xxviii Contents
Performance Characteristics of Callable and Noncallable Bonds
A Look at Market Volatility A Look at Interest Rates A Look
at Recent History The Implicit Forecasts of Volatility and
Interest Rates The Importance of Coupon Concentration
in Relative SLGC/SLAG Performance The Importance of
Changes in the Shape of Yield Curve Index
Consciousness
41 INDEXING FIXED INCOME ASSETS Sharmin Mossavar
Rahmani 898
Advantages and Disadvantages Enhanced Index Funds
Indexing Methodologies Stratified Sampling Method
Optimization Approach Using Linear Programming
Optimization Approach Using Quadratic Programming
Implications for the Fixed Income Market
42 BOND IMMUNIZATION: AN ASSET LIABILITY OPTIMIZATION
STRATEGY Peter E. Christensen, Frank J. Fabozzi, and
Anthony LoFaso 912
What is an Immunized Portfolio? Maturity Matching: The
Reinvestment Problem Single Period Immunization The Three
Conditions for Immunization Rebalancing Procedures A
Simulation of a Single Period Immunized Portfolio Multiperiod
Immunization Rebalancing Procedures for Multiperiod
Portfolios Applications of the Immunization Strategy
Variations to Immunization Conclusion
43 DEDICATED BOND PORTFOLIOS Peter E. Christensen,
Frank J. Fabozzi, and Anthony LoFaso 942
The Need for a Broader Asset/Liability Focus Cash Flow
Matching for Pension Funds Determining the Liabilities
Setting Portfolio Constraints The Reinvestment Rate
Selecting the Optimal Portfolio The Cash Flow Match
Pricing the Bonds The Savings to the Pension System
Reoptimizing a Dedicated Bond Portfolio Active Management
of Dedicated Portfolios Role of Money Manager and Dealer
Firm Conclusion
44 EXTENSIONS OF DEDICATED BOND PORTFOLIO
TECHNIQUES I Dessa Fabozzi, Tom Tong, and Yu Zhu 959
Symmetric Cash Matching An Illustration of Symmetric Cash
Matching Risks Incurred with Symmetric Cash Matching
Contents xxix
Reversed Cash Matching An Application of Reversed Cash
Matching Summary
45 HIGH YIELD BOND PORTFOLIOS Howard S. Marks 972
High Yield Bonds Defined Trends in Fixed Income Investments
and Opportunities with High Yield Bonds Historical
Development Default Experience Promised Yields on
High Yield Bonds Realized Returns Volatility of Returns
yonclusion
46 IMPROVING INSURANCE COMPANY PORTFOLIO RETURNS
Kevin E. Grant 989
Special Considerations for Insurance Company Portfolios Don t
W Buy and Hold, Buy and Incubate Existing Approaches to
Asset/Liability Management Option Valuation and Immunization
The Wish List for Portfolio Management Total Return in
the Asset/Liability/Regulatory/GAAP/Tax World Long
Term Arbitrage Probability Distributions—The Next Frontier
Conclusion
47 ASSET LIABILITY MANAGEMENT FOR PROPERTY
CASUALTY INSURERS Frank D. Campbell 1005
Property Casualty Insurers Overview of the Investment
Process Investment Goals Risk Tolerance Marked to Market
Exposure Interest Rate Risk Estimating Interest Rate Risk
Why So Much Interest Rate Risk? Asset Class Allocation
Regulatory Influence on Asset Allocation Taxes and Asset
Allocation Liability/Asset Correlations Asset Diversification
Summary
48 FIXED INCOME PORTFOLIO PERFORMANCE: ANALYZING
SOURCES OF RETURN Gifford Fong, Charles Pearson,
Oldrich Vasicek, and Theresa Conroy 1029
The Background Enhancements to the Basic Approach
Summary
49 HEDGING WITH FUTURES AND OPTIONS Mark Pitts and
Frank J. Fabozzi 1036
Hedging with Futures The Preliminaries The Hedging
Principle Risk and Expected Return in a Hedge Cross
Hedging Hedging with Options Basic Hedging Strategies
Options Hedging Preliminaries Hedging with Puts on Futures
Covered Call Writing with Futures Options The Futures
Options Collar Summary
xxx Contents
50 ASSET ALLOCATION USING FUTURES AND OPTIONS
Ravi E. Dattatreya 1068
Types of Asset Allocation Tactical Asset Allocation Asset
Allocation Using Futures Using Stock Index Futures Tracking
Error Using Fixed Income Futures Yield Enhancement
Convexity Convexity Risk in a Futures Contract Advantages
of Using Futures Transaction Costs Liquidity Simultaneous
Trading Isolation of Asset Allocation from Security Selection
Stabilization of Current Income Value Capture in the Market
Trading in Anticipation—Time Shifting Disadvantages of Using
Futures Daily Mark to Market Need for Liquidity Tracking
Error Mispricing Cost Implementation Examples The Effect
of Variation Margin Directional Asset Allocation: Using Options
Factors to Consider Delta Hedging Covered Hedging
Anticipatory Strategies Combinations Synthesizing Options
Advantages and Disadvantages of Using Options
Conclusion
51 INTERNATIONAL BOND INVESTING AND
PORTFOLIO MANAGEMENT Adam M. Greshin and
Margaret Darasz Hadzima 1086
International Bonds: U.S. Pay Versus Foreign Pay U.S.
Pay International Bonds Eurodollar Bonds Yankee Bonds
The Market for Eurodollar and Yankee Bonds Foreign Pay
International Bonds The Markets Components of Return
The Rationale for International Bond Investing Superior Rates
of Return Diversification The Impact of International Bonds
on a U.S. Bond Portfolio: The Case for International Bond
Investing Active International Bond Management The Tools
of Active Management Currency Hedged Bond Investment
Mechanics of Currency Hedged Bond Investing Rolling
Hedged Yields Hedged versus Unhedged Foreign Bonds
Conclusion
52 INTERNATIONAL FIXED INCOME INVESTING: THEORY AND
PRACTICE Michael R. Rosenberg 1123
The Case for International Fixed Income Diversification The
Case for Currency Hedged Foreign Bonds The Case for Active
Management General Guidelines for Constructing a Global
Bond Portfolio A Framework for Formulating International
Fixed Income Strategy Currency Decision Market Decision
The Bond Selection Decision Tying the Pieces Together
Conclusion
Contents xxxi
PART 8
INTEREST RATE SWAPS, CAPS, FLOORS AND COMPOUND
OPTIONS 1155
53 CUSTOMIZED INTEREST RATE RISK AGREEMENTS
AND THEIR APPLICATIONS Anand K. Bhattacharya and
John Breit 1157
Interest Rate Swaps Converting Floating Rate Debt to Fixed
Rate Debt Using Plain Vanilla Swaps Converting Fixed Rate
Debt to Floating Rate Debt Using Reverse Swaps Innovations
in Swap Markets Basis Swaps Forward Swaps Amortizing
and Accreting Swaps Swaptions Asset Swaps Termination
of Interest Rate Swaps Interest Rate Caps and Floors
Interest Rate Caps Participating Caps Interest Rate Floors
Interest Rate Collars Interest Rate Corridors Cap/Floor Swap
Parity Termination of Caps and Floors Compound Options
Comparison with Conventional Option Strategies Uses of
Compound Options Concluding Comments
54 THE INTEREST RATE SWAP MARKET: YIELD
MATHEMATICS, TERMINOLOGY, AND CONVENTIONS
Robert W. Kopprasch, John Macfarlane, Janet Showers, and
Daniel Ross 1189
A Primer on Market Terminology The Generic Swap
Complexities of Swap Analysis Swapping Interest Payments
or Swapping Securities? The Uncertainty of the Floating
Rate Payments The Valuation Methodology for Generic
Swaps The Valuation Methodology for Nongeneric Swaps: The
Generic Equivalent Cash Flow Approach (GECA) Variations
on the Generic Theme Floating Rate Variations Fixed Rate
Variations Effective Date Nonpar Swaps Conclusion
55 EURODOLLAR FUTURES/ INTEREST RATE SWAP
ARBITRAGE Daniel Nadler 1218
The Fundamentals The Eurodollar Futures Contract
Eurodollar Futures Pricing The Eurodollar Strip Rate
Hedge Ratios and Target Rates Day Count Variation
Margin Financing Hedging Floating Rate Notes An Example
Cash Flow Financing—Reinvestment Risk The Zero Hedge
Interest Rate Swaps Swap Market Primer Break Even Swap
Pricing Swap to Futures Arbitrage Hedge Ratio Calculations
The Drift Hedging Alternatives Odd Structures Zero Coupon
Swap Amortizing Swap Summary
xxxii Contents
PART 9
MODELING AND FORECASTING 1243
56 THE TERM STRUCTURE OF INTEREST RATES
Richard W. McEnally and James V. Jordan 1245
Introduction A Review of Some Basics Theoretical
Determinants of the Shape of the Term Structure The
Market Segmentation Hypothesis The Pure or Unbiased
Expectations Hypothesis The Liquidity Premium or Interest
Rate Risk Hypothesis The Preferred Habitat Hypothesis An
Eclectic Yield Curve Hypothesis The Stochastic Process No
Arbitrage Approach Classical Yield Curves and their Rationale
Empirical Evidence on the Term Structure Hypotheses Interest
Rate Risk or Liquidity Premia The Expectations Hypothesis
The Market Segmentation Hypotheses The Stochastic
Process No Arbitrage Approach Analyzing the Term Structure
Published Yield Curves Sources of Yield Maturity Series
Fitting Yield Curves Measuring the Term Structure Directly
Another Approach to Estimating the Term Structure Estimating
Implicit Forward Rates
57 INTRODUCTION TO BOND PORTFOLIO RISK MODELING
Kurt Winkelmann 1296
Risk Model Motivation Issues in Model Building Risk Model
Applications Conclusion
58 FIXED INCOME RISK MODELING Ronald N. Kahn 1307
The Valuation Model Option Adjustments Option Adjustment
Example The Risk Model Term Structure Factor Returns
Yield Spread Factor Returns Specific Return Integration
Performance Portfolio Risk Characterization Summary
59 VALUATION AND RISK ANALYSIS OF INTERNATIONAL
BONDS Brian K. Newton and Paul B. Chau 1320
Valuation Analysis Risk Analysis Local Market Risk Global
Portfolio Risk Currency Risk Summary
60 FORECASTING INTEREST RATES W. David Woolford 1335
Introduction Structural Models Stability Identification
Specification Error Rational Expectations Recap Business
Cycle Models Spread Relationships Longer Run Influences:
Kondratieff and Kuznets Waves Flow of Funds Analysis
Producing a Forecast Conclusions References
|
| any_adam_object | 1 |
| author_GND | (DE-588)129772054 |
| building | Verbundindex |
| bvnumber | BV005452649 |
| callnumber-first | H - Social Science |
| callnumber-label | HG4651 |
| callnumber-raw | HG4651 |
| callnumber-search | HG4651 |
| callnumber-sort | HG 44651 |
| callnumber-subject | HG - Finance |
| classification_rvk | QK 620 QK 650 |
| ctrlnum | (OCoLC)21483142 (DE-599)BVBBV005452649 |
| dewey-full | 332.63/2044 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.63/2044 |
| dewey-search | 332.63/2044 |
| dewey-sort | 3332.63 42044 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 3. ed. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03447nam a2200769 c 4500</leader><controlfield tag="001">BV005452649</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">920727s1991 d||| |||| 00||| ger d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1556233086</subfield><subfield code="9">1-55623-308-6</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1556234066</subfield><subfield code="9">1-55623-406-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)21483142</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV005452649</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">ger</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-11</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG4651</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.63/2044</subfield><subfield code="2">20</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 620</subfield><subfield code="0">(DE-625)141668:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 650</subfield><subfield code="0">(DE-625)141674:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The handbook of fixed income securities</subfield><subfield code="c">Frank J. Fabozzi, ed.</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">3. ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Homewood, Ill.</subfield><subfield code="b">Irwin</subfield><subfield code="c">1991</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XXXII, 1419 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Actions privilégiées - Guides, manuels, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fonds du marché monétaire - Guides, manuels, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Obligations (Valeurs) - Guides, manuels, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Sociétés d'investissement - Guides, manuels, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Valeurs mobilières à revenus fixes - Guides, manuels, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bonds</subfield><subfield code="v">Handbooks, manuals, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Money market funds</subfield><subfield code="v">Handbooks, manuals, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Mutual funds</subfield><subfield code="v">Handbooks, manuals, etc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Preferred stocks</subfield><subfield code="v">Handbooks, manuals, etc</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Portfolio Selection</subfield><subfield code="0">(DE-588)4046834-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Vorzugsaktie</subfield><subfield code="0">(DE-588)4188751-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Offener Investmentfonds</subfield><subfield code="0">(DE-588)4305480-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Derivat</subfield><subfield code="g">Wertpapier</subfield><subfield code="0">(DE-588)4381572-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Rentenmarkt</subfield><subfield code="0">(DE-588)4177794-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Festverzinsliches Wertpapier</subfield><subfield code="0">(DE-588)4121262-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kapitalanlage</subfield><subfield code="0">(DE-588)4073213-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wertpapier</subfield><subfield code="0">(DE-588)4065674-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Asset-Backed Security</subfield><subfield code="0">(DE-588)4343344-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Festverzinsliches Wertpapier</subfield><subfield code="0">(DE-588)4121262-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Asset-Backed Security</subfield><subfield code="0">(DE-588)4343344-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Derivat</subfield><subfield code="g">Wertpapier</subfield><subfield code="0">(DE-588)4381572-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Portfolio Selection</subfield><subfield code="0">(DE-588)4046834-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Festverzinsliches Wertpapier</subfield><subfield code="0">(DE-588)4121262-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Rentenmarkt</subfield><subfield code="0">(DE-588)4177794-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="2"><subfield code="a">Kapitalanlage</subfield><subfield code="0">(DE-588)4073213-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="3"><subfield code="a">Portfolio Selection</subfield><subfield code="0">(DE-588)4046834-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="2" ind2="0"><subfield code="a">Wertpapier</subfield><subfield code="0">(DE-588)4065674-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2="1"><subfield code="a">Vorzugsaktie</subfield><subfield code="0">(DE-588)4188751-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2="2"><subfield code="a">Offener Investmentfonds</subfield><subfield code="0">(DE-588)4305480-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2=" "><subfield code="8">3\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Fabozzi, Frank J.</subfield><subfield code="d">1948-</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)129772054</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003410941&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-003410941</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">3\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| genre | (DE-588)4143413-4 Aufsatzsammlung gnd-content |
| genre_facet | Aufsatzsammlung |
| id | DE-604.BV005452649 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T16:29:45Z |
| institution | BVB |
| isbn | 1556233086 1556234066 |
| language | German |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003410941 |
| oclc_num | 21483142 |
| open_access_boolean | |
| owner | DE-384 DE-739 DE-19 DE-BY-UBM DE-703 DE-11 DE-188 |
| owner_facet | DE-384 DE-739 DE-19 DE-BY-UBM DE-703 DE-11 DE-188 |
| physical | XXXII, 1419 S. graph. Darst. |
| publishDate | 1991 |
| publishDateSearch | 1991 |
| publishDateSort | 1991 |
| publisher | Irwin |
| record_format | marc |
| spelling | The handbook of fixed income securities Frank J. Fabozzi, ed. 3. ed. Homewood, Ill. Irwin 1991 XXXII, 1419 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Actions privilégiées - Guides, manuels, etc Fonds du marché monétaire - Guides, manuels, etc Obligations (Valeurs) - Guides, manuels, etc Sociétés d'investissement - Guides, manuels, etc Valeurs mobilières à revenus fixes - Guides, manuels, etc Bonds Handbooks, manuals, etc Money market funds Handbooks, manuals, etc Mutual funds Handbooks, manuals, etc Preferred stocks Handbooks, manuals, etc Portfolio Selection (DE-588)4046834-3 gnd rswk-swf Vorzugsaktie (DE-588)4188751-7 gnd rswk-swf Offener Investmentfonds (DE-588)4305480-8 gnd rswk-swf Derivat Wertpapier (DE-588)4381572-8 gnd rswk-swf Rentenmarkt (DE-588)4177794-3 gnd rswk-swf Festverzinsliches Wertpapier (DE-588)4121262-9 gnd rswk-swf Kapitalanlage (DE-588)4073213-7 gnd rswk-swf Wertpapier (DE-588)4065674-3 gnd rswk-swf Asset-Backed Security (DE-588)4343344-3 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Festverzinsliches Wertpapier (DE-588)4121262-9 s Asset-Backed Security (DE-588)4343344-3 s Derivat Wertpapier (DE-588)4381572-8 s Portfolio Selection (DE-588)4046834-3 s 1\p DE-604 Rentenmarkt (DE-588)4177794-3 s Kapitalanlage (DE-588)4073213-7 s 2\p DE-604 Wertpapier (DE-588)4065674-3 s Vorzugsaktie (DE-588)4188751-7 s Offener Investmentfonds (DE-588)4305480-8 s 3\p DE-604 Fabozzi, Frank J. 1948- Sonstige (DE-588)129772054 oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003410941&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | The handbook of fixed income securities Actions privilégiées - Guides, manuels, etc Fonds du marché monétaire - Guides, manuels, etc Obligations (Valeurs) - Guides, manuels, etc Sociétés d'investissement - Guides, manuels, etc Valeurs mobilières à revenus fixes - Guides, manuels, etc Bonds Handbooks, manuals, etc Money market funds Handbooks, manuals, etc Mutual funds Handbooks, manuals, etc Preferred stocks Handbooks, manuals, etc Portfolio Selection (DE-588)4046834-3 gnd Vorzugsaktie (DE-588)4188751-7 gnd Offener Investmentfonds (DE-588)4305480-8 gnd Derivat Wertpapier (DE-588)4381572-8 gnd Rentenmarkt (DE-588)4177794-3 gnd Festverzinsliches Wertpapier (DE-588)4121262-9 gnd Kapitalanlage (DE-588)4073213-7 gnd Wertpapier (DE-588)4065674-3 gnd Asset-Backed Security (DE-588)4343344-3 gnd |
| subject_GND | (DE-588)4046834-3 (DE-588)4188751-7 (DE-588)4305480-8 (DE-588)4381572-8 (DE-588)4177794-3 (DE-588)4121262-9 (DE-588)4073213-7 (DE-588)4065674-3 (DE-588)4343344-3 (DE-588)4143413-4 |
| title | The handbook of fixed income securities |
| title_auth | The handbook of fixed income securities |
| title_exact_search | The handbook of fixed income securities |
| title_full | The handbook of fixed income securities Frank J. Fabozzi, ed. |
| title_fullStr | The handbook of fixed income securities Frank J. Fabozzi, ed. |
| title_full_unstemmed | The handbook of fixed income securities Frank J. Fabozzi, ed. |
| title_short | The handbook of fixed income securities |
| title_sort | the handbook of fixed income securities |
| topic | Actions privilégiées - Guides, manuels, etc Fonds du marché monétaire - Guides, manuels, etc Obligations (Valeurs) - Guides, manuels, etc Sociétés d'investissement - Guides, manuels, etc Valeurs mobilières à revenus fixes - Guides, manuels, etc Bonds Handbooks, manuals, etc Money market funds Handbooks, manuals, etc Mutual funds Handbooks, manuals, etc Preferred stocks Handbooks, manuals, etc Portfolio Selection (DE-588)4046834-3 gnd Vorzugsaktie (DE-588)4188751-7 gnd Offener Investmentfonds (DE-588)4305480-8 gnd Derivat Wertpapier (DE-588)4381572-8 gnd Rentenmarkt (DE-588)4177794-3 gnd Festverzinsliches Wertpapier (DE-588)4121262-9 gnd Kapitalanlage (DE-588)4073213-7 gnd Wertpapier (DE-588)4065674-3 gnd Asset-Backed Security (DE-588)4343344-3 gnd |
| topic_facet | Actions privilégiées - Guides, manuels, etc Fonds du marché monétaire - Guides, manuels, etc Obligations (Valeurs) - Guides, manuels, etc Sociétés d'investissement - Guides, manuels, etc Valeurs mobilières à revenus fixes - Guides, manuels, etc Bonds Handbooks, manuals, etc Money market funds Handbooks, manuals, etc Mutual funds Handbooks, manuals, etc Preferred stocks Handbooks, manuals, etc Portfolio Selection Vorzugsaktie Offener Investmentfonds Derivat Wertpapier Rentenmarkt Festverzinsliches Wertpapier Kapitalanlage Wertpapier Asset-Backed Security Aufsatzsammlung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003410941&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT fabozzifrankj thehandbookoffixedincomesecurities |