Mastering Financial Calculations : A Step-by-Step Guide to the Mathematics of Financial Market Instruments

by Steiner, Bob

• ISBN13: 9780273704447
• ISBN10: 0273704443
• Edition: 2nd
• Format: Paperback
• Copyright: 2007-01-01
• Publisher: FT Press

Summary

The new rebranded and updated edition of the bestselling hands-on practitioner's guide to the maths behind every key financial instrument and technique. Part of the renowned and hugely successful Mastering series. This is the definitive guide to exploring today's financial markets in a clear and comprehensive manner. Written by Robert Steiner, one of the UK's leading trainers for some of the world's largest financial institutions. The book includes essential course material and practice exercises for ACI qualifications This book has practicality-not theory-at its heart and is packed with real-world cases, worked examples and calculations. AUDIENCE: Practitioners are the primary market: traders, fund managers, corporate treasurers, programmers, accountants, and risk managers. Secondary are market students. This book will appeal to a huge audience. 1 in 10 people work in either banking, finance or insurance.

Table of Contents

Financial arithmetic basics	p. 3
The money market	p. 41
Forward-forwards and forward rate agreements (FRAs)	p. 67
Interest rate futures	p. 83
Bond market calculations	p. 107
Repos, buy/sell-backs and securities lending	p. 163
Zero-coupon rates and yield curves	p. 209
Foreign exchange	p. 223
Interest rate and currency swaps	p. 263
Options	p. 295
Gold and other commodities	p. 329
Hints and answers to exercises	p. 355
Using an HP calculator
A summary of market day/year conventions and government bond markets
A summary of calculation procedures
ISO (SWIFT) currency codes
Table of Contents provided by Blackwell. All Rights Reserved.