Foreign Exchange and Money
Markets:
Theory practice and risk
management
Bob Steiner Managing Director
of Markets International Ltd,an independent company specialising in training in a range of
areas related to the international financial markets, treasury and banking.
- Brings
together a range of practical, relevant material on Foreign Exchange and money market
trading
- Focuses
on trading situations as well as on calculations
- International
in coverage; the concepts and methods covered are not restricted to any country or
institution
Floating rates, central-bank
intervention, derivatives trading and the very high volumes of speculative and
round-the-clock trading are just a few of the facets of the foreign exchange marketplace
that make it a highly dynamic and volatile arena.This book addresses the practical
applications of foreign currency trading and money market trading and provides
comprehensive coverage of these markets.
This advanced book addresses
the continuous challenges in the foreign exchange market and provides decision-making
skills tailored to meet individual trader needs, including:
- What
the instruments are
- How
and why they are used - by both bank dealers and corporate end-users
- How
the different instruments are linked one to another
- How
you price them
- Structure
of the market, EMU etc.
- The
range of risks arising from dealings in these instruments that affect banks and corporates
- How
these risks are measured and managed
CONTENTS: Foreign exchange -
Spot foreign exchange
Forward outfights and swaps
Covered interest arbitrage
and hedging
Managing the spot risk on a
forward desk
The market environment
Money markets - Overview and
introduction to money market arithmetic
Coupon-bearing instruments
Discount instruments
Forward interest rates
Risk management - Bank risk
management
Corporate risk management;
Appendices
Answers to exercises
Summary of calculations
List of SWIFT codes
READERSHIP: Foreign Exchange
traders in FX departments of commercial banks; Security firms, insurance companies, and
other Finance organisations; Corporate Treasurers and Foreign Exchange Traders; Portfolio
Managers.
256 pages