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Foreign Exchange and Money Markets. Theory, Practice and Risk Management. Securities Institute Global Capital Markets- Product Image
Foreign Exchange and Money Markets. Theory, Practice and Risk Management. Securities Institute Global Capital Markets- Product Image

Foreign Exchange and Money Markets. Theory, Practice and Risk Management. Securities Institute Global Capital Markets

  • ID: 1761736
  • Book
  • February 2002
  • Region: Global
  • Elsevier Science and Technology

Floating rates, central-bank intervention, derivatives trading and the very high volumes of speculative and round-the-clock trading are just a few of the facets of the foreign exchange marketplace that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides comprehensive coverage of these markets. Coverage includes:

  • What the instruments are
  • How and why they are used - by both bank dealers and corporate end-users
  • How the different instruments are linked one to another
  • How you price them
  • Structure of the market, EMU etc
  • The range of risks arising from dealings in these instruments that affect banks and corporates
  • How these risks are measured and managed

Please Note: This is an On Demand product, delivery may take up to 11 working days after payment has been received.

Note: Product cover images may vary from those shown
Some basic concepts
Essential financial arithmetic
Overview of money market instruments
Deposits and coupon-bearing instruments
Discount instruments
Forward interest rates, FRAs and introduction to futures
Spot foreign exchange; Forward outrights and swaps
Hedging swaps with deposits, FRAs and futures, covered interest arbitrage and creating synthetic FRAs
Managing the spot risk on a forward FX position
Currency relationships
Bank risk management
Corporate risk management
Answers to the exercises
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Bob Steiner Managing Director of Markets International Ltd..

Bob Steiner is Managing Director of Markets International Ltd, an independent company specializing in training in a range of areas related to the international financial markets, treasury and banking. He has also written the best selling books: Mastering Financial Calculations, Mastering Repo Markets, and Key Market Concepts. Bob was previously senior consultant with HSBC, where he worked in London and New York in the dealing area as consultant to major US and European companies on treasury management. He has also been treasurer and fund manager of H P Bulmer Holdings plc and English and American Insurance Group plc, both active in currency and interest rate management. He has also worked in the overseas Department of the Bank of England, and with the European Commission in Brussels. He holds an honours degree in mathematics from Cambridge University, and has followed further studies in economics with London University. He is a member of the ACI and the Association of Corporate Treasurers.
Note: Product cover images may vary from those shown
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