Financial claims and derivatives:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Internat. Thomson Business Press
1999
|
| Edition: | 1. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VII, 344 S. graph. Darst. |
| ISBN: | 186152448X |
Staff View
MARC
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Record in the Search Index
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| adam_text | CONTENTS
Preface viii
1 FINANCIAL CLAIMS
1.1 What are financial claims? 1
1.2 Financial claims and balance sheets 2
1.3 Financial intermediation 6
1.4 Parties with financial claims and their wealth 9
1.5 The main claims held against households 11
1.6 The main claims held against governments 13
1.7 The main claims held against companies 14
1.8 The main claims held against financial intermediaries 16
1.9 Time periods and interest rates 20
1.10 Euroclaims 21
Summary 23
Questions 23
Reference 24
2 SECURITIES
2.1 What are securities? 25
2.2 Zero-interest securities 26
2.3 Fixed-interest securities 32
2.4 Variable-interest securities 40
2.5 Equities or ordinary shares 43
2.6 Investment trusts 49
2.7 Share indices 51
2.8 Duration 56
Summary 60
Questions 61
References 62
3 RETURNS AND PORTFOLIOS
3.1 Why are returns and portfolios related? 63
3.2 Returns and risk 64
3.3 Samples, expected values, variance and standard deviation 68
3.4 Expected returns and their risks 69
3.5 Attitudes to risk 77
3.6 Portfolio choice 80
3.7 The capital asset pricing model (CAPM) 85
vi Contents
3.8 Arbitrage pricing theory (APT) 93
3.9 Market efficiency 97
3.10 Term structures 103
Summary 106
Questions 107
References 108
4 FORWARDS
4.1 What are forwards? 109
4.2 The parties who make forward contracts 110
4.3 Forward bid and ask prices 112
4.4 Forward prices and spot prices 115
4.5 Forward prices and expected future prices 119
4.6 Closing out with forwards 124
4.7 Examples of forwards 126
4.8 Forward rate agreements 129
4.9 Repurchase agreements 133
Summary 134
Questions 135
References 136
5 FUTURES
5.1 What are futures? 137
5.2 General features of futures contracts 138
5.3 Types of futures contract and their agreed values 142
5.4 Payment times and marking-to-market 150
5.5 Opportunities and risks with closing out 155
5.6 Examples of futures exchanges and futures contracts 159
5.7 Hedging with standardised contracts 168
5.8 Further uses of futures contracts 172
Summary 17
. 178
Questions x °
Reference 1 ^
6 OPTIONS
6.1 What are options? 180
6.2 Call options and put options 181
6.3 American style options and European style options 185
6.4 Over-the-counter options and traded options 186
6.5 Examples of option exchanges and option contracts 189
6.6 Exotic options 20®
6.7 Using a combination of options 202
6.8 Warrants 21A
Summary 215
Questions ^iD
Contents vii
7 FACTORS AFFECTING OPTION PRICES
7.1 Why are the factors that affect option prices important? 218
7.2 Call options 219
7.3 Put options 228
7.4 Futures call options 236
7.5 Futures put options 244
7.6 Changes in option prices 250
Summary 256
Questions 257
8 MODELS FOR ESTIMATING OPTION PRICES
8.1 Why do investors want models that estimate option prices? 258
8.2 The concept of a theoretically correct price 259
8.3 Expressing the risk-free rate as a continuously compounded rate 267
8.4 Estimating volatility 268
8.5 The Black-Scholes model and ordinary equity options 274
8.6 The Black-Scholes model and other options 283
8.7 The binomial model and ordinary equity options 287
8.8 The binomial model and other options 299
8.9 Comparing fair values and actual option prices 309
Summary 311
Questions 313
References 314
9 SWAPS
9.1 What are swaps? 315
9.2 Vanilla interest rate swaps 315
9.3 Variant types of interest rate swap • 321
9.4 Other types of swap 323
Summary 327
Questions 328
INDEX 329
|
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| illustrated | Illustrated |
| indexdate | 2024-07-09T23:10:35Z |
| institution | BVB |
| isbn | 186152448X |
| language | English |
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| oclc_num | 833438319 |
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| owner | DE-188 |
| owner_facet | DE-188 |
| physical | VII, 344 S. graph. Darst. |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | Internat. Thomson Business Press |
| record_format | marc |
| spelling | King, David N. 1945- Verfasser (DE-588)170426211 aut Financial claims and derivatives David N. King 1. ed. London [u.a.] Internat. Thomson Business Press 1999 VII, 344 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wertpapier (DE-588)4065674-3 gnd rswk-swf Portfolio Selection (DE-588)4046834-3 gnd rswk-swf Optionspreistheorie (DE-588)4135346-8 gnd rswk-swf Derivat Wertpapier (DE-588)4381572-8 gnd rswk-swf Wertpapier (DE-588)4065674-3 s Portfolio Selection (DE-588)4046834-3 s DE-188 Derivat Wertpapier (DE-588)4381572-8 s Optionspreistheorie (DE-588)4135346-8 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021948043&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | King, David N. 1945- Financial claims and derivatives Wertpapier (DE-588)4065674-3 gnd Portfolio Selection (DE-588)4046834-3 gnd Optionspreistheorie (DE-588)4135346-8 gnd Derivat Wertpapier (DE-588)4381572-8 gnd |
| subject_GND | (DE-588)4065674-3 (DE-588)4046834-3 (DE-588)4135346-8 (DE-588)4381572-8 |
| title | Financial claims and derivatives |
| title_auth | Financial claims and derivatives |
| title_exact_search | Financial claims and derivatives |
| title_full | Financial claims and derivatives David N. King |
| title_fullStr | Financial claims and derivatives David N. King |
| title_full_unstemmed | Financial claims and derivatives David N. King |
| title_short | Financial claims and derivatives |
| title_sort | financial claims and derivatives |
| topic | Wertpapier (DE-588)4065674-3 gnd Portfolio Selection (DE-588)4046834-3 gnd Optionspreistheorie (DE-588)4135346-8 gnd Derivat Wertpapier (DE-588)4381572-8 gnd |
| topic_facet | Wertpapier Portfolio Selection Optionspreistheorie Derivat Wertpapier |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021948043&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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