Risk Management of Contingent Convertible (CoCo) Bonds - 
      Jan De Spiegeleer
    
      Jan De Spiegeleer
    
      Ajith Abraham
    
      Ajith Abraham

Risk Management of Contingent Convertible (CoCo) Bonds

; Jan De Spiegeleer ; Ajith Abraham (Redaktør) ; Ajith Abraham (Redaktør)

This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. Les mer
Vår pris
625,-

(E-bok)
E-bøker kan leses umiddelbart etter kjøp
Min side | Adobe Digital Editions
E-boken må lastes ned i løpet av 2 år

E-bok
Legg i
E-bok
Legg i
Vår pris: 625,-

(E-bok)
E-bøker kan leses umiddelbart etter kjøp
Min side | Adobe Digital Editions
E-boken må lastes ned i løpet av 2 år

This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. The loss-absorption mechanism is automatically enforced either via the breaching of a particular accounting ratio, typically in terms of the Common Equity Tier 1 (CET1)  ratio, or via a regulatory trigger. CoCos are non-standardised instruments with different loss-absorption and trigger mechanisms. They might also contain additional features such as the cancellation of coupon payments.Different pricing models are discussed in detail. These models use market data such as share prices, CDS levels and implied volatility in order to calculate the theoretical price of a CoCo bond and its sensitivities, providing the investor with insides to hedge from adverse changes in the market conditions.The audience are professionals as well as academics who want to learn how to risk manage CoCo bonds using cutting edge techniques as well as all the risk involved in CoCo bonds.
FAKTA
Utgitt:
Forlag: Springer International Publishing
Språk: Engelsk
ISBN: 9783030018245
Format: EPUB
Kopibeskyttet
E-boken må lastes ned i løpet av 2 år
KATEGORIER:

Bla i alle kategorier

SERIE:
VURDERING
Gi vurdering
Les vurderinger