Name: The Risk Management of Contingent Convertible (Coco) Bonds (Springerbriefs in Finance) (en Inglés)
Price: 1577.16 MXN
Availability: InStock
Author: Jan De Spiegeleer; Ine Marquet; Wim Schoutens
ISBN: 9783030018238

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portada The Risk Management of Contingent Convertible (Coco) Bonds (Springerbriefs in Finance) (en Inglés)

Formato

Libro Físico

Editorial

Springer

Autor

Jan De Spiegeleer; Ine Marquet; Wim Schoutens

Año

2018

Idioma

Inglés

N° páginas

116

Encuadernación

Tapa Blanda

ISBN13

9783030018238

N° edición

Categorías

Finanzas

The Risk Management of Contingent Convertible (Coco) Bonds (Springerbriefs in Finance) (en Inglés)

Jan De Spiegeleer; Ine Marquet; Wim Schoutens (Autor) · Springer · Tapa Blanda

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Reseña del libro "The Risk Management of Contingent Convertible (Coco) Bonds (Springerbriefs in Finance) (en Inglés)"

This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. The loss-absorption mechanism is automatically enforced either via the breaching of a particular accounting ratio, typically in terms of the Common Equity Tier 1 (CET1) ratio, or via a regulatory trigger. CoCos are non-standardised instruments with different loss-absorption and trigger mechanisms. They might also contain additional features such as the cancellation of coupon payments. Different pricing models are discussed in detail. These models use market data such as share prices, CDS levels and implied volatility in order to calculate the theoretical price of a CoCo bond and its sensitivities, providing the investor with insides to hedge from adverse changes in the market conditions. The audience are professionals as well as academics who want to learn how to risk manage CoCo bonds using cutting edge techniques as well as all the risk involved in CoCo bonds.