Treasury Markets and Operations [electronic resource].

Format:

Book

Author/Creator:

(HKIB), Hong Kong Institute of Bankers.

Hong Kong Institute of Bankers Staff, Corporate Author.

Language:

English

Subjects (All):

Financial services industry.

Foreign exchange.

International finance.

Local Subjects:

Financial services industry.

Foreign exchange.

International finance.

Physical Description:

1 online resource (323 p.)

Edition:

1st ed.

Place of Publication:

Somerset : Wiley, 2014.

Language Note:

English

Summary:

An in-depth look at how banks and other financial institutions manage treasury operations Created for banking and finance professionals with a desire to expand their management skillset, this book focuses on treasury operations in banking. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Offers a detailed look at treasury operations and how banks manage their relationships with various markets, including foreign exchange, bond markets, and derivatives

Contents:

""Treasury Markets and Operations""; ""Contents""; ""Preface""; ""PART 1 Treasury Management""; ""1 Treasury Management of Financial Institutions""; ""Introduction""; ""Issues in Treasury Operations""; ""Balance Sheet Management""; ""Basel III""; ""Liquidity Risk Management""; ""Management of Settlement/Pre-Settlement Credit Risk""; ""Management of Interest-Rate Risk""; ""Management of Foreign Exchange Exposure""; ""Treasury Controls and Measures""; ""Internal Controls""; ""Trading Limits""; ""Monitoring and Control of Dealing Operations""; ""Audit and Compliance""; ""Conflicts of Interest""

""Code of Conduct""""Summary""; ""Key Terms""; ""Study Guide""; ""Further Reading""; ""2 The Foreign Exchange Market""; ""Introduction""; ""Basic Operation of Forex Market""; ""Market Participants""; ""Operations""; ""Forex Risk Management""; ""Quotation""; ""Value Date of FX Deals""; ""Arbitrage in the FX Market""; ""Determining Exchange Rates""; ""Interest Rate Parity and Inflation""; ""Balance of Trade and Payments""; ""International Investments and Capital Flow""; ""Trend Forecasting""; ""Forward Markets""; ""Value of a Forward Contract""; ""Hedging with a Forward Contract""

""Normal FX Outright Rate""""Time Options or Optional Forward Contract""; ""Theoretical Value of Optional Forward Contract""; ""Par Forward Contract""; ""Covered Interest Rate Parity Relationship""; ""Meaning of the Forward Rate""; ""Bid and Offer for an Outright Quote""; ""Discounts and Premiums""; ""Rollover of Forward Contracts""; ""Non-Deliverable Forward""; ""Hedging the FX Exposure""; ""Approaches to FX Hedging""; ""Measuring Exposure""; ""Hedging Strategies""; ""Summary""; ""Key Terms""; ""Study Guide""; ""Further Reading""; ""3 Money and Capital Markets""; ""Introduction""

""Hong Kong Dollar Market""""Peg System""; ""Operations of the Exchange Fund""; ""Setting the HIBOR""; ""Central Money markets Unit""; ""Certificates of Deposit and Bonds""; ""International Market""; ""Interest Rate Risk Management""; ""Eurodollar and Euroyen""; ""Bond Market""; ""Participants""; ""Markets""; ""RMB Market""; ""The CNH Market""; ""The Money Market Desk""; ""Liquidity Ratio""; ""Cash Flow Management""; ""Money Market Instruments""; ""Bond Repurchase Programs""; ""Money Market Operations""; ""Tenor""; ""Two-Way Quotation""; ""Pricing Forward Rate""; ""Treasury Bills""

""Quotation of Discount Instrument""""True Yield""; ""Buy High, Sell Low""; ""Exchange Fund Papers""; ""Capital Markets: Risk and Valuations""; ""Credit Default Risk""; ""Credit Spread Risk""; ""Measurement of Credit Risk Exposures""; ""Managing Credit Risk in Derivatives""; ""Summary""; ""Key Terms""; ""Study Guide""; ""Further Reading""; ""4 Bond Market""; ""Introduction""; ""Basics of the Bond Market""; ""Types of Bonds""; ""Pricing Bonds""; ""Yield and Price Relationship""; ""Discount Rates""; ""Term Structure""; ""Yield Curve""; ""Theories of Term Structure""; ""Reading the Yield Curve""

""Bonds with Embedded Options""

Notes:

Description based upon print version of record.

ISBN:

1-118-63878-6

0-470-82759-9