Financial instruments and markets - George Chacko

Create value while you manage risk
Today's increasingly volatile financial markets have caused anexplosion of new financial instruments designed to transferrisk--from collateralized mortgage-backed securities to swaptionsthat trade directly between financial actors. And now these complexfinancial instruments have become standard operating procedure atmost large and mid-sized businesses. Managers overseeing anysubstantial business, financial or non-financial, must thoroughlyunderstand these financial instruments and their value in hedgingand diversifying to succeed.

With this unique casebook, you'll have the opportunity to gain theanalytical, institutional, and functional knowledge you need to usethese instruments to solve new problems. Featuring cases from theauthors' MBA and Executive Education level courses at HarvardBusiness School, the book covers the basics of financialinstruments, from terminology to pricing, and the markets in whichthese instruments trade. Throughout, the emphasis is on how thesesecurities accomplish risk transfer from actors who do not wantrisk to those who are willing to take it on--for a fee ofcourse.

These cases include:
* Deutsche Bank: Finding Relative Value Trades
* Ticonderoga Capital: Inverse Floating Rate Bonds
* 100-Year Liabilities at Prudential Insurance
* Swedish Lottery Bonds
* The Enron Odyssey: The Special Purpose of SPEs
* Building Hedge Funds at Prospero Capital
* Dell Computer Corporation: Share Repurchase Program
* First American Bank: Credit Default Swaps
* Morgan Stanley and TRAC-X: The Battle for the CDS IndexesMarket
* and more