Mastering interest rate risk strategy : a practical guide to managing corporate financial risk /

Financial institutions, private and public companies and governments can lose vast amounts of money from even minor changes in interest rates. Because of this, complex financial instruments have been developed to mitigate these exposures. But what happens when organisations hedge themselves to ill-a...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Macrae, Victor (Author)
Format: Electronic eBook
Language:Inglés
Published: Harlow, United Kingdom ; New York : Pearson Education, 2015.
Edition:First edition.
Subjects:
Interest rate risk.
Corporations > Finance > Management.
Derivative securities.
Taux d'intérêt > Gestion du risque.
Instruments dérivés (Finances)
Corporations > Finance > Management
Derivative securities
Interest rate risk
Online Access:Texto completo (Requiere registro previo con correo institucional)
Table of Contents:
  • Acknowledgements
  • About the author
  • Preface
  • Introduction
  • Key learning points from past derivatives blunders
  • Understanding the firm's exposure to interest rate risk
  • Four sources of exposure to interest rate risk
  • Bank financing as primary source of exposure
  • Measuring the impact of interest rate risk on the firm
  • The financial markets
  • Financial statement impact from interest rate movements
  • Hedging makes sense under specific circumstances only
  • Hedging theory
  • Selecting the best possible derivative
  • Interest rate derivatives
  • Linear derivatives
  • Options
  • How to formulate the optimal strategy : the analytical method
  • The macrae risk reduction rules(R)
  • Afterword
  • Appendix i: central case, trader
  • Appendix ii: proof of the analytical method
  • Appendix iii: MiFID customer protection regulations regarding derivatives
  • Notes
  • Glossary
  • Index.

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