By John F. Marshall

ISBN-10: 0471242918

ISBN-13: 9780471242918

Monetary Engineering

Over 2,000 phrases defined

"An very good Reference That Articulates, Clarifies, and Explains the Language of economic Engineering in a Concise and simply Understood Method."–David Krell, President and CEO, overseas Securities trade

The swiftly evolving box of economic engineering–with its ever-growing vocabulary——necessitates a reference that offers pros with a brief, transparent feel of the meanings of the phrases they stumble upon of their paintings. Compiled via a pace-setter in monetary engineering schooling, the Dictionary of monetary Engineering is a distinct source that:

  • Defines and explains phrases and ideas concerning derivatives, probability administration, new monetary items, and strategies which are particular to the sector of economic engineering——one of the quickest development components in finance
  • Standardizes technical terminology, resolving disagreements approximately definitions
  • Includes listings and diagrams of recent (or newly named) monetary instruments
  • Provides instructional fabrics on monetary engineering, derivatives, and fixed-income analytics
  • Lists a number of meanings and cross-references

The Dictionary of economic Engineering is the reply for finance pros, traders, legal professionals, accountants, scholars, finance professors, and others who're drawn to realizing the present terminology.

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Extra resources for Dictionary of Financial Engineering (Wiley Series in Financial Engineering)

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This theorem is frequently appealed to in statistical work in order to justify certain assumptions. Unfortunately, it is frequently misapplied. certificate of deposit Known by the acronym CD. A large denomination negotiable certificate issued by a depository institution, such as a bank or thrift, that evidences a deposit. The certificate may be interest bearing or discounted. If interest bearing, the interest rate may be fixed or floating. Because they are negotiable, CDs are often referred to as negotiable certificates of deposit to distinguish them from small denomination nonnegotiable certificates of deposit purchased by retail investors.

Generally, the conditions necessary for the change to occur are for the spot price to rise above or fall below some preset level. charm A second order option Greek that measures the change in an option’s delta associated with the passage of time. cheapest-to-deliver Certain futures contracts allow for the delivery of any one of several underlying assets. Treasury bond futures are the best example of this. Bond futures allow for the delivery of any Treasury bond meeting certain criteria. , different coupons and different maturities).

Bond rating Also known as a credit rating. A measure of the relative likelihood of default associated with a particular bond issuance. Ratings are provided by rating agencies, such as Moody’s Investor Services, Standard & Poor’s, Fitch, and Duff & Phelps. bond reconstitution The opposite of stripping a bond of its coupons to create zero coupon bonds. Essentially, one purchases an appropriate collection of zero coupon bonds and repackages them into a conventional coupon-bearing bond. bond swap Any of a wide variety of strategies that involve the sale of one bond and the purchase of a different bond in order to exploit a view on interest rates, credit spreads, the shape of the yield curve, and so forth.

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Dictionary of Financial Engineering (Wiley Series in Financial Engineering) by John F. Marshall

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