Key Market Concepts: 100 financial terms explained
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This is an age of innovation. A time when industries are evolving quicker than most of us can comprehend. A time of technological change when deals and communications take place at the speed of light, when the strategies and systems of tomorrow are needed today, and when survival is not just down to the knowledge you possess, but to knowing how to apply it. In the finance industry these developments and changes are occurring quicker than in any other commercial sector. Market professionals are not only being faced with a blizzard of new financial instruments and concepts, they are also being expected to understand them and know how to use them to full effect. Key Market Concepts is a practical reference tool for anyone studying on finance courses. It provides full explanations of 100 essential financial terms, providing you with detail of what each concept is, how it works, when it is likely to arise, and how best to use it. For each term it establishes a definition, describes situations and conditions in which it may be encountered, outlines the nuts and bolts of its operation and explains related terminology. Entries are supported by necessary formulas, and illustrated with worked examples.
PART I. TIME VALUE OF MONEY
PART II. ZERO-COUPON YIELD AND YIELD CURVE
PART III. THE MONEY MARKETS
PART IV. FORWARD-FORWARDS, FRAS AND FUTURES
PART V. THE BOND AND REPO MARKETS
PART VI. THE SWAPS MARKET
PART VII. FOREIGN EXCHANGE
PART VIII. OPTIONS
PART IX. RISK MANAGEMENT
- Entries are supported by necessary formulas, and illustrated with worked examples.
- Key Market Concepts adds focus to the financial markets, bringing clarity to this often obscure arena and lending practitioners the knowledge and confidence to employ financial instruments to their best advantage.
Bob Steiner is Managing Director of Markets International Ltd, an independent company specializing in training in a range of areas related to the international financial markets, treasury and banking. The company also provides advice to finance directors and treasurers of international companies on foreign exchange, money markets and other treasury matters. Bob spends a considerable amount of time training bankers, systems staff, corporate staff and others involved in the financial markets. In particular, he personally runs courses for all the ACI exams – the ACI Diploma, the Dealing Certificate and the Settlement Certificate – as well as courses on Financial Calculations and Repos. He is the author of Mastering Financial Calculations and Mastering Repo Markets, published by FT Prentice Hall