Moorad Choudhry's Books

An Introduction to Bond Markets

By: Moorad Choudhry

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An Introduction to Bond Markets

By: Moorad Choudhry

The bond markets are a vital part of the world economy. The fourth edition of Professor Moorad Choudhry's benchmark reference text An Introduction to Bond Markets brings readers up to date with latest developments and market practice, including the impact of the financial crisis and issues of relevance for investors. This book offers a detailed yet accessible look at bond instruments, and is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. The author capitalises on his wealth of experience in the fixed income markets to present this concise yet in-depth coverage of bonds and associated derivatives. Topics covered include: Bond pricing and yield Duration and convexity Eurobonds and convertible bonds Structured finance securities Interest-rate derivatives Credit derivatives Relative value trading Related topics such as the money markets and principles of risk management are also introduced as necessary background for students and practitioners. The book is essential reading for all those who require an introduction to the financial markets.

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486

Publisher

John Wiley & Sons

Published Date

ISBN 10

0470976284

ISBN 13

9780470976289

The Moorad Choudhry Anthology, + Website

Past, Present and Future Principles of Banking and Finance

By: Moorad Choudhry

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The Moorad Choudhry Anthology, + Website

Past, Present and Future Principles of Banking and Finance

By: Moorad Choudhry

The definitive and timeless guide to the principles of banking and finance, addressing and meeting the challenges of competition, strategy, regulation and the digital age. Moorad Choudhry Anthology compiles the best of renowned author Professor Moorad Choudhry's incisive writings on financial markets and bank risk management, together with new material that reflects the legislative changes in the post-crisis world of finance and the impact of digitization and global competition. Covering the developments and principles of banking from the 1950s to today, this unique book outlines the author's recommended best practices in all aspects of bank strategy, governance and risk management, including asset-liability management, liquidity risk management, capital planning, Treasury risk, and corporate framework, and describes a "vision of the future" with respect to a sustainable bank business model. You will gain the insight of a global authority on topics essential to retail, corporate, and investment/wholesale banking, including strategy, risk appetite, funding policies, regulatory requirements, valuation, and much more. The companion website is a goldmine for senior practitioners that provides templates that can applied in virtually any bank, including policy documents, pricing models, committee terms of reference, teaching aids and learning tools including PowerPoint slides and spreadsheet models. These facilitate a deeper understanding of the subject and the requirements of the senior executive, making this book an ideal companion for practitioners, graduate students and professional students alike. The intense demand for knowledge and expertise in asset-liability management, liquidity, and capital management has been driven by the regulatory challenges of Basel III, the European Union’s CRDIV, the Volcker Rule, Dodd-Frank Act, and a myriad of other new regulations. This book meets that need by providing you with a complete background and modern insight on every aspect of bank risk management. Re-engage with timeless principles of finance that apply in every market and which are the drivers of principles of risk management Learn strategic asset liability management practices that suit today's economic environment Adopt new best practices for liquidity models and choosing the appropriate liquidity risk management framework Examine optimum capital and funding model recommendations for corporate, retail, and investment/wholesale banks Dig deeper into derivatives risk management, balance sheet capital management, funding policy, and more Apply best-practice corporate governance frameworks that ensure a perpetual and viable robust balance sheet Adopt strategy formulation principles that reflect the long-term imperative of the banking business In the 21st century more than ever banks need to "re-learn" traditional risk management principles and apply them every day. Every bank in the world needs to be up to speed on these issues, and Anthology from Professor Moorad Choudhry is the answer to this new global policy response.

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1332

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118779738

ISBN 13

9781118779736

Bank Asset and Liability Management

Strategy, Trading, Analysis

By: Moorad Choudhry

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Bank Asset and Liability Management

Strategy, Trading, Analysis

By: Moorad Choudhry

Banks are a vital part of the global economy, and the essence of banking is asset-liability management (ALM). This book is a comprehensive treatment of an important financial market discipline. A reference text for all those involved in banking and the debt capital markets, it describes the techniques, products and art of ALM. Subjects covered include bank capital, money market trading, risk management, regulatory capital and yield curve analysis. Highlights of the book include detailed coverage of: Liquidity, gap and funding risk management Hedging using interest-rate derivatives and credit derivatives Impact of Basel II Securitisation and balance sheet management Structured finance products including asset-backed commercial paper, mortgage-backed securities, collateralised debt obligations and structured investment vehicles, and their role in ALM Treasury operations and group transfer pricing. Concepts and techniques are illustrated with case studies and worked examples. Written in accessible style, this book is essential reading for market practitioners, bank regulators, and graduate students in banking and finance. Companion website features online access to software on applications described in the book, including a yield curve model, cubic spline spreadsheet calculator and CDO waterfall model.

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1444

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118177215

ISBN 13

9781118177211

Bond and Money Markets

Strategy, Trading, Analysis

By: Moorad Choudhry

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Bond and Money Markets

Strategy, Trading, Analysis

By: Moorad Choudhry

The Bond and Money Markets is an invaluable reference to all aspects of fixed income markets and instruments. It is highly regarded as an introduction and an advanced text for professionals and graduate students.Features comprehensive coverage of: * Government and Corporate bonds, Eurobonds, callable bonds, convertibles * Asset-backed bonds including mortgages and CDOs * Derivative instruments including futures, swaps, options, structured products* Interest-rate risk, duration analysis, convexity, and the convexity bias * The money markets, repo markets, basis trading, and asset/liability management * Term structure models, estimating and interpreting the yield curve * Portfolio management and strategies,total return framework, constructing bond indices* A stand alone reference book on interest rate swaps, the money markets, financial market mathematics, interest-rate futures and technical analysis * Includes introductory coverage of very specialised topics (for which one previously required several texts) such as VaR, Asset & liability management and credit derivatives * Combines accessible style with advanced level topics

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1152

Publisher

Butterworth-Heinemann

Published Date

ISBN 10

0080574939

ISBN 13

9780080574936

The Repo Handbook

By: Moorad Choudhry

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The Repo Handbook

By: Moorad Choudhry

The Repo Handbook, 2nd edition presents an overview of repo vehicles and markets with sufficient depth for those seeking detailed explanations. In three parts it demonstrates how these secured loans fit into global capital markets and why they account for up to 50% of daily settlement activity in non-US government bonds worldwide. This new edition replaces old examples and introduces new developments, such as structured finance repo and associated topics such as Basel II regulatory rules. In addition, 12 of 18 chapters feature new sections and 4 have been substantially rewritten. The UK gilt and US Treasury repo markets are explored through worked examples, and there are new sections on funding arbitrage trades, risk exposures, and regulatory capital. It also places repo in context within bank asset-liability management and trading techniques, illustrating repo use across a wide range of applications in the global money markets. Rarely mentioned in the financial press because of the simple, straightforward nature of the instrument, repo was often the only funding source available to banks during the last quarter of 2008 and the first in 2009. This book, written by a trader, will draw new attention to this valuable and efficient funding and investment product. * Describes repo instruments, which appeal to market participants because of their simplicity and malleability * Explains the institutional treatment of repos, especially in terms of risk, accounting, tax and legal issues, and equity repo * Details the government bond basis, implied repo rate, and basis trading

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577

Publisher

Butterworth-Heinemann

Published Date

ISBN 10

0080941559

ISBN 13

9780080941554

The Moorad Choudhry Anthology, + Website

Past, Present and Future Principles of Banking and Finance

By: Moorad Choudhry

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The Moorad Choudhry Anthology, + Website

Past, Present and Future Principles of Banking and Finance

By: Moorad Choudhry

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1332

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John Wiley & Sons

Published Date

ISBN 10

1118779738

ISBN 13

9781118779736

The Principles of Banking

By: Moorad Choudhry

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The Principles of Banking

By: Moorad Choudhry

A timely and robust discussion of responsible bank stewardship and practice. The Second Edition of The Principles of Banking offers banking professionals, regulators, and students from a variety of backgrounds an authoritative and practical discussion of the foundations of modern banking and good banking practice. In the book, you'll find a comprehensive roadmap to a more sustainable business model for your banking organization. The author draws on his many years' experience as a commercial and investment banker as he explains the original principles of banking—including sound lending policy, capital management, and liquidity risk management—as well as new material covering the impact of COVID-19 on banks, risk management, and balance sheet management. The Principles of Banking also provides recommendations for bank asset-liability management best practices that enable banks to deliver optimized balance sheets for the benefit of all stakeholders. It also includes new chapters in market risk management, foreign exchange risk management, interest rate risk, and credit risk policy and management. An essential update to a widely read and taught banking text, The Principles of Banking, Second Edition is an indispensable resource for banking professionals and students everywhere.

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868

Publisher

John Wiley & Sons

Published Date

ISBN 10

1119755646

ISBN 13

9781119755647

Capital Market Instruments

Analysis and Valuation

By: Moorad Choudhry

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Capital Market Instruments

Analysis and Valuation

By: Moorad Choudhry

This software will enable the user to learn about capital market.

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470

Publisher

FT Press

Published Date

ISBN 10

0273654128

ISBN 13

9780273654124

Corporate Bond Markets

Instruments and Applications

By: Moorad Choudhry

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Corporate Bond Markets

Instruments and Applications

By: Moorad Choudhry

Moorad continues to demonstrate his financial expertise, and shows us why he is one of the best-selling authors in our industry today. - Eric Subliskey, Vice President, Short-Term Fixed Income JPMorgan Securities inc., New York An invaluable reference work for anyone connected with the corporate debt markets, be they issuer, investor or trader. Dr Choudhry writes in his trademark accessible style and provides the reader with a wealth of data and insight on the latest market products and techniques. Highly-recommended. - Ketul Tanna, Assistant Vice President, Market Risk Management JPMorgan Chase Bank, London The Predominant fixed income author is back with this updated version of Corporate Bond Markets. A Comprehensive work on fixed income products and applications, this book is a valuable reference text and teaching tool. Why go anywhere else for bond market information? - Rod Pienaar, Research Partner YieldCurve.com

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603

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118178998

ISBN 13

9781118178997

Analysing and Interpreting the Yield Curve

By: Moorad Choudhry

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Analysing and Interpreting the Yield Curve

By: Moorad Choudhry

Understand and interpret the global debt capital markets Now in a completely updated and expanded edition, this is a technical guide to the yield curve, a key indicator of the global capital markets and the understanding and accurate prediction of which is critical to all market participants. Being able to accurately and timely predict the shape and direction of the curve permits practitioners to consistently outperform the market. Analysing and Interpreting the Yield Curve, 2nd Edition describes what the yield curve is, explains what it tells participants, outlines the significance of certain shapes that the curve assumes and, most importantly, demonstrates what factors drive it and how it is modelled and used. Covers the FTP curve, the multi-currency curve, CSA, OIS-Libor and 3-curve models Gets you up to speed on the secured curve Describes application of theoretical versus market curve relative value trading Explains the concept of the risk-free rate Accessible demonstration of curve interpolation best-practice using cubic spline, Nelson-Siegel and Svensson 94 models This advanced text is essential reading for traders, asset managers, bankers and financial analysts, as well as graduate students in banking and finance.

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407

Publisher

John Wiley & Sons

Published Date

ISBN 10

1119141052

ISBN 13

9781119141051

Fixed Income Markets

Instruments, Applications, Mathematics

By: Moorad Choudhry

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Fixed Income Markets

Instruments, Applications, Mathematics

By: Moorad Choudhry

This book is a comprehensive and in-depth account of the global debt capital markets. It covers a wide range of instruments and their applications, including derivative instruments. Highlights of the book include: Detailed description of the main products in use in the fixed income markets today, including analysis and valuation Summary of market conventions and trading practices Extensive coverage of associated derivatives including futures, swaps, options and credit derivatives Writing style aimed at a worldwide target audience An overview of trading and investment strategy. The contents will be invaluable reading for anyone with an interest in debt capital markets, especially investors, traders, bond salespersons, risk managers and banking consultants.

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716

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118179587

ISBN 13

9781118179581

Derivative Instruments

A Guide to Theory and Practice

By: Brian Eales,Moorad Choudhry

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Derivative Instruments

A Guide to Theory and Practice

By: Brian Eales,Moorad Choudhry

This text provides information on derivative trading in a way not covered by existing texts, combining theory and valuation to explain why derivatives are so important and useful as a financial instrument.

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282

Publisher

Butterworth-Heinemann

Published Date

ISBN 10

0750654198

ISBN 13

9780750654197

The Money Markets Handbook

A Practitioner's Guide

By: Moorad Choudhry

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The Money Markets Handbook

A Practitioner's Guide

By: Moorad Choudhry

In The Money Markets Handbook Moorad Choudhry provides, in one comprehensive volume, the description, trading, analysis and calculations of the major markets around the world, providing worked examples and exercises throughout to provide a landmark publication on this important topic. Unique features, including a list of conventions and trading rules in virtually every market in the world, means that this book is relevant to virtually every money market in the world. Includes an in depth treatment of repo markets, asset and liability management, banking regulatory requirements and other topics that would usually be found only in separate books Written with clarity in mind, this book is vital reading for anyone with an interest in the global money markets Features coverage of derivative money market products including futures and swaps, and the latest developments not covered in current texts

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358

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118178874

ISBN 13

9781118178874

An Introduction to Banking

Liquidity Risk and Asset-Liability Management

By: Moorad Choudhry

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An Introduction to Banking

Liquidity Risk and Asset-Liability Management

By: Moorad Choudhry

A great write-up on the art of banking. Essential reading for anyone working in finance." Dan Cunningham, Senior Euro Cash & OBS Dealer, KBC Bank NV, London "Focused and succinct review of the key issues in bank risk management." Graeme Wolvaardt, Head of Market Risk Control, Europe Arab Bank plc, London The importance of banks to the world's economic system cannot be overstated. The foundation of consistently successful banking practice remains efficient asset-liability management and liquidity risk management. This book introduces the key concepts of banking, concentrating on the application of robust risk management principles from a practitioner viewpoint, and how to incorporate these principles into bank strategy. Detailed coverage includes: Bank strategy and capital Understanding the yield curve Principles of asset-liability management Effective liquidity risk management The role of the bank ALM committee Written in the author's trademark accessible style, this book is a succinct and focused analysis of the core principles of good banking practice.

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255

Publisher

John Wiley & Sons

Published Date

ISBN 10

1119950244

ISBN 13

9781119950240

REPO Handbook

By: Moorad Choudhry

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REPO Handbook

By: Moorad Choudhry

The book features an introduction to the structure and mechanics of repo, institutional practices and real-world examples. In addition the content includes necessary supplementary material such as bank asset and liability management, trading techniques, and a range of other applications of value in the global money markets.Repo markets play a pivotal role in the world's economy. The Repo Handbook is the definitive, comprehensive guide to this most important element of the global debt capital markets. It describes the use, motivations and mechanics of the repo instrument, and features invaluable coverage of specific country markets and institutions. The reader is taken through classic repo, sell/buy backs and structured repo, as well as additional products such as the total return swap and securities lending. As important is the treatment of related areas, such as money markets, banking asset & liability management and the implied repo rate, vital to a full understanding of repo. This book is the ultimate guide for bankers, repo traders and salespersons, money market participants, corporate treasurers, debt finance professionals and is organized into three parts:Part I covers the repo instrument, and examines repo mechanics and use of repo. There is also a look at selected country repo markets around the world. Part II of the book considers the institutional treatment of repo, with chapters on risk, netting, accounting, and legal issues. There is also a chapter on equity repo. Part III looks at basis trading and the implied repo rate. This includes results of original research on the gilt bond basis, presented in accessible style.* A complete guide to repo, including introductions to money markets and bonds* Contains the author's personal anecdotes from trading* Covers every aspect of repo for all participants including legal, tax, accounting and back office

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507

Publisher

Elsevier

Published Date

ISBN 10

0080516122

ISBN 13

9780080516127

Corporate Bonds and Structured Financial Products

By: Moorad Choudhry

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Corporate Bonds and Structured Financial Products

By: Moorad Choudhry

This book is a detailed account of the instruments that are used in the corporate bond markets, from conventional "plain vanilla" bonds to hybrid instruments and structured products. There is background information on bond pricing and yield, as well as a detailed look at the yield curve. The book covers the full set of instruments used by companies to raise finance, and which are aimed at a wide range of investors. It also discusses the analysis of these instruments. Topics covered include:*Bond basics*The yield curve*Callable bonds*Convertible bonds*Eurobonds*Warrants*Commercial paper*Corporate bonds credit analysis*Securitisation*Asset-backed securities*Mortgage-backed securities*Collateralised Debt Obligations*Synthetic CDOsWritten by one of the leading names in the fixed income markets today, this book should prove to be an invaluable reference guide for all those with an interest in corporate bond markets, whether as practitioners, consultants or researchers.* Covers every major aspect of corporate credit markets* Features bond instruments as well as aspects of bond analysis* Covers conventional bonds as well as securitisation and structured financial products

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479

Publisher

Elsevier

Published Date

ISBN 10

0080476872

ISBN 13

9780080476872

Advanced Fixed Income Analysis

By: Moorad Choudhry,Michele Lizzio

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Advanced Fixed Income Analysis

By: Moorad Choudhry,Michele Lizzio

Each new chapter of the Second Edition covers an aspect of the fixed income market that has become relevant to investors but is not covered at an advanced level in existing textbooks. This is material that is pertinent to the investment decisions but is not freely available to those not originating the products. Professor Choudhry's method is to place ideas into contexts in order to keep them from becoming too theoretical. While the level of mathematical sophistication is both high and specialized, he includes a brief introduction to the key mathematical concepts. This is a book on the financial markets, not mathematics, and he provides few derivations and fewer proofs. He draws on both his personal experience as well as his own research to bring together subjects of practical importance to bond market investors and analysts. - Presents practitioner-level theories and applications, never available in textbooks - Focuses on financial markets, not mathematics - Covers relative value investing, returns analysis, and risk estimation

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268

Publisher

Elsevier

Published Date

ISBN 10

0080999417

ISBN 13

9780080999418

Structured Credit Products

Credit Derivatives and Synthetic Securitisation

By: Moorad Choudhry

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Structured Credit Products

Credit Derivatives and Synthetic Securitisation

By: Moorad Choudhry

Updated coverage of structured credit products with in-depth coverage of the latest developments Structured credit products are one of today's fastest growing investment and risk management mechanisms, and a focus of innovation and creativity in the capital markets. The building blocks of these products are credit derivatives, which are among the most widely used products in finance. This book offers a succinct and focused description of the main credit derivative instruments, as well as the more complex products such as synthetic collateralized debt obligations. This new edition features updated case studies from Europe and Asia, the latest developments in synthetic structures, the impact of the subprime meltdown, along with models and teaching aids. Moorad Choudhry returns with this excellent update of the credit derivatives market. The second edition of his classic work is, like the subject matter itself, at the forefront of the financial industry. It deserves a wide readership. —Dr Didier Joannas Regional Director, Thomson Reuters, Hong Kong This is the perfect companion for both experienced and entry level professionals working in the structured credit fraternity. It is an erudite, insightful and enjoyable read that successfully demystifies one of the most topical subject areas in banking today, while also providing important practical examples that link the theory to the job itself. —Dr James Berriman Global Pricing Unit, Royal Bank of Scotland Moorad Choudhry has earned a deserved reputation from both academics and practitioners as one of the leading practical yet rigorous authors of finance books. In this Second Edition, his practical knowledge of credit derivatives keeps the audience engaged with straightforward explanations of complicated structures, and an accessible level of mathematical sophistication necessary to understand structured credit products. The author offers complete, rigorous analysis while avoiding overuse of mathematical formulas and carefully balanced practical and theoretical aspects of the subject. I strongly recommend this book for those wishing to gain an intuitive understanding of structured credit products, from practitioners to students of finance! —Mohamoud Barre Dualeh Senior Product Developer, Abu Dhabi Commercial Bank, UAE This is THE book for credit derivative trading. From first steps to advanced trading strategies, this is invaluable. Well written and insightful, perfect for ad hoc reference or reading cover to cover. —Andrew Benson ETF Market Making, KBC Peel Hunt, London Professor Choudhry has inspired me to really get into credit derivatives. It’s great to be lectured by someone with such energy and practical hands-on experience, as well as the ability to get stuck into the details. —George Whicheloe Equity-Linked Technology, Merrill Lynch, London Moorad Choudhry is Head of Treasury at Europe Arab Bank plc in London. He is a Visiting Professor at the Department of Economics at London Metropolitan University.

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628

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118177134

ISBN 13

9781118177136

An Introduction to Value-at-Risk

By: Moorad Choudhry

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An Introduction to Value-at-Risk

By: Moorad Choudhry

The value-at-risk measurement methodology is a widely-used tool in financial market risk management. The fifth edition of Professor Moorad Choudhry’s benchmark reference text An Introduction to Value-at-Risk offers an accessible and reader-friendly look at the concept of VaR and its different estimation methods, and is aimed specifically at newcomers to the market or those unfamiliar with modern risk management practices. The author capitalises on his experience in the financial markets to present this concise yet in-depth coverage of VaR, set in the context of risk management as a whole. Topics covered include: Defining value-at-risk Variance-covariance methodology Portfolio VaR Credit risk and credit VaR Stressed VaR Critique and VaR during crisis Topics are illustrated with Bloomberg screens, worked examples and exercises. Related issues such as statistics, volatility and correlation are also introduced as necessary background for students and practitioners. This is essential reading for all those who require an introduction to financial market risk management and risk measurement techniques. Foreword by Carol Alexander, Professor of Finance, University of Sussex.

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224

Publisher

John Wiley & Sons

Published Date

ISBN 10

111831672X

ISBN 13

9781118316726

Fixed-Income Securities and Derivatives Handbook

Analysis and Valuation

By: Moorad Choudhry

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Fixed-Income Securities and Derivatives Handbook

Analysis and Valuation

By: Moorad Choudhry

The definitive guide to fixed-come securities-revised to reflect today's dynamic financial environment The Second Edition of the Fixed-Income Securities and Derivatives Handbook offers a completely updated and revised look at an important area of today's financial world. In addition to providing an accessible description of the main elements of the debt market, concentrating on the instruments used and their applications, this edition takes into account the effect of the recent financial crisis on fixed income securities and derivatives. As timely as it is timeless, the Second Edition of the Fixed-Income Securities and Derivatives Handbook includes a wealth of new material on such topics as covered and convertible bonds, swaps, synthetic securitization, and bond portfolio management, as well as discussions regarding new regulatory twists and the evolving derivatives market. Offers a more detailed look at the basic principles of securitization and an updated chapter on collateralized debt obligations Covers bond mathematics, pricing and yield analytics, and term structure models Includes a new chapter on credit analysis and the different metrics used to measure bond-relative value Contains illustrative case studies and real-world examples of the topics touched upon throughout the book Written in a straightforward and accessible style, Moorad Choudhry's new book offers the ideal mix of practical tips and academic theory within this important field.

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499

Publisher

John Wiley & Sons

Published Date

ISBN 10

1576603342

ISBN 13

9781576603345

An Introduction to Credit Derivatives

By: Moorad Choudhry

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An Introduction to Credit Derivatives

By: Moorad Choudhry

The second edition of An Introduction to Credit Derivatives provides a broad introduction to products and a marketplace that have changed significantly since the financial crisis of 2008. Author Moorad Choudhry gives a practitioner's perspective on credit derivative instruments and the risks they involve in a succinct style without sacrificing technical details and scientific precision. Beginning with foundational discussions of credit risk, credit risk transfer and credit ratings, the book proceeds to examine credit default swaps and related pricing, asset swaps, credit-linked notes, and more. Ample references, appendices and a glossary add considerably to the lasting value of the book for students and professionals in finance. - A post-crisis guide to a powerful bank risk management product, its history and its use - Liberal use of Bloomberg screens and new worked examples increase hands-on practicality - New online set of CDS pricing models and other worksheets multiply the book's uses

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173

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Butterworth-Heinemann

Published Date

ISBN 10

0080982980

ISBN 13

9780080982984

An Introduction to Value-at-Risk

By: Moorad Choudhry

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An Introduction to Value-at-Risk

By: Moorad Choudhry

The value-at-risk measurement methodology is a widely-used tool in financial market risk management. The fourth edition of Professor Moorad Choudhry’s benchmark reference text An Introduction to Value-at-Risk offers an accessible and reader-friendly look at the concept of VaR and its different estimation methods, and is aimed specifically at newcomers to the market or those unfamiliar with modern risk management practices. The author capitalises on his experience in the financial markets to present this concise yet in-depth coverage of VaR, set in the context of risk management as a whole. Topics covered include: Defining value-at-risk Variance-covariance methodology Monte Carlo simulation Portfolio VaR Credit risk and credit VaR Topics are illustrated with Bloomberg screens, worked examples, exercises and case studies. Related issues such as statistics, volatility and correlation are also introduced as necessary background for students and practitioners. This is essential reading for all those who require an introduction to financial market risk management and value-at-risk.

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194

Publisher

John Wiley & Sons

Published Date

ISBN 10

0470033770

ISBN 13

9780470033777

Gilt-Edged Market

By: Moorad Choudhry,Graham "Harry" Cross,Jim Harrison

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Gilt-Edged Market

By: Moorad Choudhry,Graham "Harry" Cross,Jim Harrison

The Gilt-Edged Market is specifically aimed at finance professionals and investors who need to understand the inner working of the United Kingdom gilt market. There is detailed coverage of the different gilt instruments, as well as a look at the structures, institutions and practices of the market itself.Topics include:* Bond basics* Conventional gilts* Index-linked gilts* Gilt strips* The gilt repo market* The gilt bond future basis* Yield spread trading using giltsThere are also personal reminiscenes that illustrate the great changes that have occurred in this market since Big Bang, as well as an exposition on the art of trading.The Gilt-Edged Market is ideal reading for traders, salespersons, fund managers, private investors and other professionals involved to any extent in the UK gilt market.* The latest research on index-linked gilts, gilt markets and sterling debt markets presented in an enthusiastic, readable style* Written by gilt-edged market makers and dealers to ensure realistic, practical coverage as well as a clear explanation of the theory, so readers gain from years' experience* Foreword written by Mike Williams, CEO of the Debt Management Office

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303

Publisher

Elsevier

Published Date

ISBN 10

0080472869

ISBN 13

9780080472867

An Introduction to Banking

Principles, Strategy and Risk Management

By: Moorad Choudhry

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An Introduction to Banking

Principles, Strategy and Risk Management

By: Moorad Choudhry

A practical primer to the modern banking operation Introduction to Banking, Second Edition is a comprehensive and jargon-free guide to the banking operation. Written at the foundational level, this book provides a broad overview of banking to give you an all-around understanding that allows you to put your specialty work into context within the larger picture of your organization. With a specific focus on risk components, this second edition covers all key elements with new chapters on reputational risk, credit risk, stress testing and customer service, including an updated chapter on sustainability. Practical material includes important topics such as the yield curve, trading and hedging, asset liability management, loan origination, product marketing, reputational risk and regulatory capital. This book gives you the context you need to understand how modern banks are run, and the key points operation at all levels. Learn the critical elements of a well-structured banking operation Examine the risk components inherent in banking Understand operational topics including sustainability and stress testing Explore service-end areas including product marketing and customer service Banks continue to be the heart of the modern economy, despite the global financial crisis —they have however become more complex. Multiple layers and a myriad of functions contribute to the running of today's banks, and it's critical for new and aspiring bankers to understand the full breadth of the operation and where their work fits in. Introduction to Banking, Second Edition provides an accessible yet complete primer, with emphasis on the areas that have become central to sustainable banking operation.

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598

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John Wiley & Sons

Published Date

ISBN 10

1119115892

ISBN 13

9781119115892

An Introduction to Value-at-Risk

By: Moorad Choudhry

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An Introduction to Value-at-Risk

By: Moorad Choudhry

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224

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John Wiley & Sons

Published Date

ISBN 10

111831669X

ISBN 13

9781118316696

An Introduction to Banking

Principles, Strategy and Risk Management

By: Moorad Choudhry

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An Introduction to Banking

Principles, Strategy and Risk Management

By: Moorad Choudhry

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658

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John Wiley & Sons

Published Date

ISBN 10

1119115906

ISBN 13

9781119115908

The Money Markets Handbook

A Practitioner's Guide

By: Moorad Choudhry

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The Money Markets Handbook

A Practitioner's Guide

By: Moorad Choudhry

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358

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John Wiley & Sons

Published Date

ISBN 10

1118178874

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9781118178874

Fixed-Income Securities and Derivatives Handbook

Analysis and Valuation

By: Moorad Choudhry

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Fixed-Income Securities and Derivatives Handbook

Analysis and Valuation

By: Moorad Choudhry

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499

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John Wiley & Sons

Published Date

ISBN 10

1576603342

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9781576603345

Bank Asset and Liability Management

Strategy, Trading, Analysis

By: Moorad Choudhry

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Bank Asset and Liability Management

Strategy, Trading, Analysis

By: Moorad Choudhry

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1444

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John Wiley & Sons

Published Date

ISBN 10

1118177215

ISBN 13

9781118177211

An Introduction to Repo Markets

By: Moorad Choudhry

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An Introduction to Repo Markets

By: Moorad Choudhry

The Repo markets have grown dramatically in the past few years because of the need to hedge short positions in the capital and derivatives markets. Virtually all major currency markets in the world now have an established repo market, the facility is also increasingly being used in developing currency markets as well. This book is a practical introduction that focuses on the instruments, applications and risk management techniques essential for this rapidly evolving market. Fully updated to reflect the changes in these markets, the book also includes worked examples and case studies, and new sections on basket and structured finance repo.

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230

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John Wiley & Sons

Published Date

ISBN 10

1119995000

ISBN 13

9781119995005

The REPO Handbook

By: Moorad Choudhry

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The REPO Handbook

By: Moorad Choudhry

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524

Publisher

Butterworth-Heinemann

Published Date

ISBN 10

0750651628

ISBN 13

9780750651622

Measuring and Controlling Interest Rate and Credit Risk

By: Frank J. Fabozzi,Steven V. Mann,Moorad Choudhry

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Measuring and Controlling Interest Rate and Credit Risk

By: Frank J. Fabozzi,Steven V. Mann,Moorad Choudhry

Measuring and Controlling Interest Rate and Credit Risk provides keys to using derivatives to control interest rate risk and credit risk, and controlling interest rate risk in a mortgage-backed securities derivative portfolio. This book includes information on measuring yield curve risk, swaps and exchange-traded options, TC options and related products, and describes how to measure and control the interest rate of risk of a bond portfolio or trading position. Measuring and Controlling Interest Rate and Credit Risk is a systematic evaluation of how to measure and control the interest rate risk and credit risk of a bond portfolio or trading position, defining key points in the process of risk management as related to financial situations. The authors construct a verbal flow chart, defining and illustrating interest rate risk and credit risk in regards to valuation, probability distributions, forecasting yield volatility, correlation and regression analyses. Hedging instruments discussed include futures contracts, interest rate swaps, exchange traded options, OTC options, and credit derivatives. The text includes calculated examples and readers will learn how to measure and control the interest rate risk and credit risk of a bond portfolio or trading position. They will discover value at risk approaches, valuation, probability distributions, yield volatility, futures, interest rate swaps, exchange traded funds; and find in-depth, up-to-date information on measuring interest rate with derivatives, quantifying the results of positions, and hedging. Frank J. Fabozzi (New Hope, PA) is a financial consultant, the Editor of the Journal of Portfolio Management, and an Adjunct Professor of Finance at Yale University?s School of Management. Steven V. Mann (Columbia, SC) is Professor of Finance at the Moore School of Business, University of South Carolina. Moorad Choudhry (Surrey, UK) is a Vice President with JPMorgan Chase structured finance services in London. Moorad Choudhry (Surrey, England) is a senior Fellow at the Centre for Mathematical Trading and Finance, CASS Business School, London, and is Editor of the Journal of Bond Trading and Management. He has authored a number of books on fixed income analysis and the capital markets. Moorad began his City career with ABN Amro Hoare Govett Sterling Bonds Limited, where he worked as a gilt-edged market maker, and Hambros Bank Limited where he was a sterling proprietary trader. He is currently a vice-president in Structured Finance Services with JPMorgan Chase Bank in London.

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545

Publisher

John Wiley & Sons

Published Date

ISBN 10

0471485918

ISBN 13

9780471485919

The Principles of Banking

By: Moorad Choudhry

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The Principles of Banking

By: Moorad Choudhry

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868

Publisher

John Wiley & Sons

Published Date

ISBN 10

1119755689

ISBN 13

9781119755685

Gilt-Edged Market

By: Moorad Choudhry,Graham "Harry" Cross,Jim Harrison

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Gilt-Edged Market

By: Moorad Choudhry,Graham "Harry" Cross,Jim Harrison

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303

Publisher

Elsevier

Published Date

ISBN 10

0080472869

ISBN 13

9780080472867

Fixed Income Markets

Management, Trading and Hedging

By: Moorad Choudhry,David Moskovic,Max Wong

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Fixed Income Markets

Management, Trading and Hedging

By: Moorad Choudhry,David Moskovic,Max Wong

A comprehensive, in-depth look at global debt capital markets in the post-crisis world Fully updated with comprehensive coverage of the post-crisis debt markets and their impact on key industry issues, Fixed Income Markets: Management, Trading, and Hedging, Second Edition offers insights into derivative pricing, cross-currency hedging, and new liquidity legislation. Written by Choudhry, Moskovic, and Wong, Fixed Income Markets is an indispensable read for anyone working in bond markets, interest-rate markets, and credit derivatives markets looking to better understand today's debt markets. This acclaimed book takes a unique look into the leading practices in bond markets as well as post-credit-crunch impacts on pricing that are rarely captured in textbooks. The new edition provides expanded coverage on a wide range of topics within hedging, derivatives, bonds, rebalancing, and global debt capital markets. New topics include: Dynamic hedging practices and cross-currency hedging Collateralized and uncollateralized derivatives, and their impact on valuation Callable bonds, pricing, trading, and regulatory aspects related to liquidity Rebalancing as a method for capturing contingencies and other complex imbedded risks As a bonus, the book includes reference information for statistical concepts and fixed income pricing, as well as a full glossary and index. Written in Choudhry's usual accessible style, Fixed Income Markets is a comprehensive and in-depth account of the global debt capital markets in today's post-crisis world.

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708

Publisher

John Wiley & Sons

Published Date

ISBN 10

1118171756

ISBN 13

9781118171752

The Futures Bond Basis

By: Moorad Choudhry

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The Futures Bond Basis

By: Moorad Choudhry

The 2nd edition of The Futures Bond Basis, is an updated and revised version of Professor Moorad Choudhry's succinct but in-depth look at the government bond futures contract basis. It includes essential background on contract specifications and the theory of the basis. It also covers the concept of the cheapest to deliver; price and delivery data for a sample of gilt contracts; the drivers of the basis and its dynamics; the mechanics of basis trading; a detailed explanation of gross and net basis, and an explanation of the implied repo rate. The book uses examples from the UK gilt market, although the basic principles are applicable in any bond futures market.

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256

Publisher

John Wiley & Sons

Published Date

ISBN 10

0470029463

ISBN 13

9780470029466

The Future of Finance

A New Model for Banking and Investment

By: Moorad Choudhry,Gino Landuyt

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The Future of Finance

A New Model for Banking and Investment

By: Moorad Choudhry,Gino Landuyt

New banking and investment business models to navigate the post-financial crisis environment The financial crisis of 2007-2008 has discredited business models in the banking and fund management industries. In The Future of Finance, Moorad Choudhry and Gino Landuyt argue that banks must realign their business models, implying a lower return-on-equity; diversifying their funding sources; and increasing liquidity reserves. On the investment side, the authors discuss how diversification did not reduce risk, but rather amplified it, and failed to stabilize returns. The authors conclude that the clear lesson from the crisis is to know one's risk. A lesson that is best served by concentrating on assets and sectors that you understand. Examines the weaknesses in the business models of many institutions, as well as the theoretical foundation for professionals in the field of finance Identifies the shortcomings of Modern Portfolio Theory Addresses how investment managers can find new strategies for creating "alpha" and why they need to re-vamp their fee structures Filled with in-depth insights and practical advice, The Future of Finance will provide bankers and investment managers with a guide to realigning their businesses in order to prosper in the post-crisis financial markets.

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John Wiley & Sons

Published Date

ISBN 10

0470572299

ISBN 13

9780470572290

Bonds

A Concise Guide for Investors

By: Moorad Choudhry

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Bonds

A Concise Guide for Investors

By: Moorad Choudhry

Bonds are a vital part of the global capital markets and are essential for any investor's portfolio. In this book leading expert Moorad Choudhry demystifies bonds once and for all. This guide explains, in a simple, clear fashion, the importance of bonds and why all private investors should include them as part of their investment strategy. Many bonds offer secure returns at a lower risk than equities. Readers will gain insight into the advantages of holding bonds and why they should always form part of any savings portfolio. Covering, among other topics, government bonds, the yield curve and what drives the market, in an easy, accessible style, this book is a must for anyone who wants to adopt a sound investment strategy.

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Page Count

192

Publisher

Palgrave Macmillan

Published Date

ISBN 10

0230006493

ISBN 13

9780230006492

Book's by Moorad Choudhry

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