The Risk Management of Contingent Convertible (CoCo) Bonds free ebook download.

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The Risk Management of Contingent Convertible (CoCo) Bonds free ebook download

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Management

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Catalogue

Author(s):	Jan De Spiegeleer

Date:	2017	Format:	PDF, EPUB	Language:	English	ISBN/ASIN:	3030018237
Pages:	1	OCR:		Quality:		ISBN13:
Uploader:	gestalt	Upload Date:	12/19/2018 7:55:42 AM

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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.

Links Table

	Title	Link	Password	Size (MB)	Thank to	Inform Admin
2364144	Book	http://k2s.cc/file/8c34cbd0ab695/3030018...		6.00	gestalt

Tags: Bonds CoCo Contingent Convertible Management Risk

Title	Link	Password	Size	Reason

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