Handbook of Debt Securities and Interest Rate Derivatives
The “Handbook of Debt Securities” Interest Rate Derivatives’ is your essential guide to mastering this dynamic landscape. As interest rates experience volatility due to liberalization, understanding and managing fixed-income portfolios has never been more crucial.
The importance of fixed income portfolios and the need to manage them prudently and optimally has grown rapidly in the recent years. Liberalization of the interest rate regime and consequent volatility of interest rates have added to both the risks and rewards of fixed income portfolios. Handbook of Debt Securities and Interest Rate Derivatives covers: *Debt Securities and Markets *Money Market *Bond Market in India *Primary Market in G-Secs *Secondary Market *Interest Rate Derivatives *Market Practices and Data Sources CD-ROM contains excel worksheets for calculating price yields, cash flows, amortising swaps, etc.
The book is divided into three sections:
Section I: An overview
Section I provides an overview of the debt securities and interest rate derivative markets, including the money market, bond market, and over-the-counter market. It also discusses market practices and data sources.
Contents
● Debt Securities And Markets – An Overview
● Money Market
● Bond Market in India
● The Primary Market in G-Secs
● The Secondary Market
● Interest Rate Derivatives
● Market Practices and Data Source
Section II: Fixed Income Mathematics
Section II covers the mathematical concepts underlying fixed-income securities and interest rate derivatives, such as valuation, term structure, and yield curves.
Contents
● Valuation of Fixed Income Securities: Basic Concepts
● Term Structure and Yield Curves
● Bonds with Options
● Securitization
● Interest Rate Derivatives: Pricing, Hedging, Valuation
Section III: Portfolio Management
Section III discusses portfolio management techniques for fixed-income securities, including risk measurement, portfolio classification, valuation, and credit risk management.
Contents
● Measuring The Price Risk: Duration and Convexity
● Measuring The Price Risk: VaR Approach
● Debt Securities Portfolios: Management, Classification, Valuation
● Price and Credit Risk Management: Capital Charge
● Operational Risk
● Issues in Accounting
The book is written in a clear and concise style, and is packed with practical examples and insights. It is an essential resource for anyone who wants to learn about the fixed income markets and interest rate derivatives.
