The Handbook of Hybrid Securities

The Handbook of Hybrid Securities

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Introducing a revolutionary new quantitative approach to hybrid securities valuation and risk management To an equity trader they are shares. For the trader at the fixed income desk, they are bonds (after all, they pay coupons, so what's the problem?). They are hybrid securities. Neither equity nor debt, they possess characteristics of both, and carry unique risks that cannot be ignored, but are often woefully misunderstood. The first and only book of its kind, The Handbook of Hybrid Securities dispels the many myths and misconceptions about hybrid securities and arms you with a quantitative, practical approach to dealing with them from a valuation and risk management point of view. Describes a unique, quantitative approach to hybrid valuation and risk management that uses new structural and multi-factor models Provides strategies for the full range of hybrid asset classes, including convertible bonds, preferreds, trust preferreds, contingent convertibles, bonds labeled qadditional Tier 1, q and more Offers an expert review of current regulatory climate regarding hybrids, globally, and explores likely political developments and their potential impact on the hybrid market The most up-to-date, in-depth book on the subject, this is a valuable working resource for traders, analysts and risk managers, and a indispensable reference for regulatorsThis is a comprehensive book on hybrids with an extensive introduction on new concepts such as contingent convertibles and bail-in bonds.a€ a€”Philippe Jabre, Founder, Jabre Capital Partners a€œThis work is a very valuable resource and is ...


Title:The Handbook of Hybrid Securities
Author: Jan De Spiegeleer, Wim Schoutens, Cynthia Van Hulle
Publisher:John Wiley & Sons - 2014-05-19
ISBN-13:

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