Money Markets - Vol 2 Coursebook in 'Foreign Exchange and Money Markets' series

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You are here: Foreign Exchange - Money Markets - Vol 2 Coursebook in 'Foreign Exchange and Money Markets' series - 59 book(s)

Money Markets - Vol 2 Coursebook in 'Foreign Exchange and Money Markets' series

By: DC Gardner
Our price: 60 + postage

Product code: 9627
ISBN: 1855646838
Format: Pb
Published by: Euromoney Books, 1998, 1st edition
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Money Markets - Vol 2 Coursebook in 'Foreign Exchange and Money Markets' series - front page cover image
 
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Description of Money Markets - Vol 2 Coursebook in 'Foreign Exchange and Money Markets' series
This workbook is part of a three-volume professional coursebook for the ACI/Forex Pre-Diploma curriculum (Introduction to FX and the Money Markets), which also contains additional subjects for advanced study. (The code numbers of the other two books are 9627 and 9628)
The three-volume set provides a concise, clear and comprehensive introduction to the foreign exchange and money markets. They cover the principal cash and derivative instruments: spot and outright forward FX, FX swaps, wholesale deposits, bank bills/BA, Treasury bills, commercial paper, certificates of deposit, repo, forward rate agreements, money market futures and interest rate swaps.
How the workbooks help you learn:
  • Chapters have a regular structure which allows easy comparison between instruments
  • Key points are highlighted throughout the text for easy revision
  • The same arithmetic is used throughout the workbooks, simplifying learning and facilitating an understanding of how to price, hedge and arbitrage between instruments
  • The main calculations are explained in a standard format in a special section at the end of each chapter
  • There is a glossary of definitions and summaries of key points and formulae at the end of each chapter
  • An extensive range of worked examples shows students how to use and price instruments
  • Each chapter is supported by a comprehensive set of questions, many drawn up from past ACI exams, and fully worked answers
  • You will learn how to handle advanced instruments such as repo, money market swaps, and overnight-index swaps.
    Prices for orders being shipped outside GB
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    ROW - US$170

  • Money Markets - Vol 2 Coursebook in 'Foreign Exchange and Money Markets' series - Chapter headings
    Part I: Money Market Arithmetic
    1. Money Market Instruments
  • What is the money market?
  • Categories of money market instruments: cash, off-balance sheet and derivative instruments
  • Describing a cash money market instrument - terminology for dates and cash flows
  • Types of cash instruments - classifying by type of contract, type of return and type of price
    2. Using rates of Return
  • Basic financial concepts: present and future values, rate of return
  • Basic financial calculations
  • Day count and annual basis conventions
  • Simple and compound rates of return
  • Rates of return with different compounding frequencies
  • Nominal and effective rates of return
    3. Using the Rate of Discount
  • Defining the rate of discount
  • Converting a rate of discount to a true yield
  • The Yield curve

    Part II: Money Market Characteristics and Instruments
    1. The Money Market
  • Why is the money market short term and wholesale?
  • Why should the market be liquid?
  • What is the euro money market?
    2. Deposits and Loans
  • How deposits are quoted
  • Value dates and maturity
  • Comparison with other money market instruments
  • Calculations involving deposits and loans
    3. Certificates of Deposit
  • How CDs are issued and quoted, and how return is paid
  • Value dates and maturity
  • CD calculations
    4. Bank Bills and Banker's Acceptances (BA)
  • How bank bills are issued and quoted
  • Value dates and maturity
  • comparison with other money market instruments
  • Calculations involving bank bills
    5. US and UK Treasury Bills
  • How US and UK Treasury bills are issued and quoted
  • Value dates and maturities
  • Calculations involving US and UK Treasury bills
    6. Commercial Paper
  • How CP is issued and quoted
  • Value dates and maturity
  • Calculations involving US commercial paper
  • Calculations involving non-US commercial paper
    7. Repo
  • Terminology - classic repo, sell/buy backs
  • What is special about repo?
  • How repo works - contract documentation, valuation and custody of collateral
  • Who uses repo?
  • How classic repo and sell/buy backs are quoted
  • Repo calculations
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