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Informationen zum Autor ROBERT BAKER (London, UK) works as a consultant in the development of financial software and in training. Robert has over 20 years of commercial programming experience of which the last 13 have been in the financial sector, primarily as a quantitative developer sitting between traders, quants and programmers. He has been involved in credit derivatives for 10 years and has held positions at ABN Amro, Barclays Capital, UBS Warburg, Rabobank, Royal Bank of Scotland and the hedge fund Solent Capital. Robert also has experience of project management across a wide range of asset classes and financial instruments from plain vanilla to complex exotics. The author can be contacted by email at robert.baker@elmcroft.net Klappentext Drive profit and manage risk with expert guidance on trade processingThe Trade Lifecycle catalogues and details the various types of trades, including the inherent cashflows and risk exposures of each. Now in its second edition, this comprehensive guide includes major new coverage of traded products, credit valuation adjustment, regulation, and the role of information technology. By reading this, you'll dissect a trade into its component parts, track it from preconception to maturity, and learn how it affects each business function of a financial institution. You will become familiar with the full extent of legal, operational, liquidity, credit, and market risks to which it is exposed. Case studies of real projects cover topics like FX exotics, commodity counterparty risk, equity settlement, bond management, and global derivatives initiatives, while the companion website features additional video training on specific topics to help you build a strong background in this fundamental aspect of finance.Trade processing and settlement combined with control of risk has been thrust into the limelight with the recent near collapse of the global financial market. This book provides thorough, practical guidance toward processing the trade, and the risks and rewards it entails.* Gain deep insight into emerging subject areas* Understand each step of the trade process* Examine the individual components of a trade* Learn how each trade affects everything it touchesEvery person working in a bank is highly connected to the lifecycle of a trade. It is the glue by which all departments are bound, and the aggregated success or failure of each trade determines the entire organization's survival. The Trade Lifecycle explains the fundamentals of trade processing and gives you the knowledge you need to further your success in the market. Zusammenfassung Drive profit and manage risk with expert guidance on trade processing The Trade Lifecycle catalogues and details the various types of trades, including the inherent cashflows and risk exposures of each. Inhaltsverzeichnis Foreword from the First Edition xvii Foreword to the Second Edition xix Preface xxi Acknowledgements xxiii About the Author xxv PART ONE Products and the Background to Trading CHAPTER 1 Trading 3 1.1 How and why do people trade? 3 1.2 Factors affecting trade 3 1.3 Market participants 4 1.4 Means by which trades are transacted 5 1.5 When is a trade live? 7 1.6 Consequences of trading 7 1.7 Trading in the financial services industry 8 1.8 What do we mean by a trade? 10 1.9 Who works on the trade and when? 11 1.10 Summary 12 CHAPTER 2 Risk 13 2.1 The concept of risk 13 2.2 Risk is inevitable 13 2.3 Quantifying risk 14 2.4 Methods of dealing with risk 15 2.5 Managing risk 15 2.6 Problems of unforeseen risk 16 2.7 Summary 16 CHAPTER 3 Understanding Traded Products - Follow the Money 17 3.1 Spot trades 18 3.2 Future (forward) 20 3.3 Loan 21 3.4 Deposit 23 3...
