Normal view MARC view

All you need to know about the city 2007/8

Author: Stoakes, Christopher Publisher: Longtail, 2007.Language: EnglishDescription: 224 p. : Graphs ; 24 cm.ISBN: 9780955218637Type of document: BookBibliography/Index: Includes bibliographical references and index and glossary
Tags: No tags from this library for this title. Log in to add tags.
Item type Current location Collection Call number Status Date due Barcode Item holds
Book Asia Campus
Main Collection
Print HG181.63 .U5 S86 2007
(Browse shelf)
900179300
Available 900179300
Total holds: 0

Includes bibliographical references and index and glossary

Digitized

All You Need to Know About the City Who does what and why in London's financial markets Contents INTRODUCTION 1. THE CITY AS A MARKET 1 A simple framework -- companies, banks, institutional investors, brokers -- the nature of money -- foreign exchange -- direct investment/portfolio investment --OTC -- George Soros and the ERM -- trading book -- the dollar's dominance -- the financial markets -- liquidity and prices -- the financial markets -- other non-financial markets -- London's historical dominance 2. WHY COMPANIES NEED MONEY Fixed assets/working capital -- debt and equity finance -- the importance of cashflow -- profitability -- business angels -- venture capital --management buyouts and private equity -- exit routes 13 3. WHAT HAPPENS WHEN A COMPANY FLOATS Different types of listing on the London Stock Exchange -- the stock exchange's viewpoint -- principal players -- the company's perspective --the listing process -- underwriting -- rights issues -- the ongoing life of a public company -- corporate social responsibility 23 4. MandAs (AND MORE ON MBOs) 35 Hostile takeovers -- the players -- the basics of a takeover -- timetable of a takeover -- acquisition of minority interests -- stake building -- tender offers -- concert parties -- reverse takeovers -- Takeover Panel and City Code on Takeovers and Mergers -- share purchase v asset sale -- auctions -- MBOs in more detail -- incentives for managers and deal arrangers -- LBOs 5. MY WORD IS MY BOND: DEBT SECURITIES 49 Bonds v loans -- bonds as bearer instruments -- fixed-income instruments -- how the Eurobond market was born -- governments as bond issuers basis points -- rating agencies -- Belgian dentists -- underwriting -- different maturities -- bond yields 6. WHAT'S A BANK? 59 Commercial banks -- investment banks -- distribution and underwriting -- market making, secondary trading and proprietary trading -- principal investment -- Glass-Steagall -- universal, integrated or conglomerate banks -- bancassurance -- merchant banks -- bills of exchange -- trade finance -- a forfait -- accepting houses -- corporate finance and fund management -- where the big banks came from 7. MORE ON COMMERCIAL BANKING 71 The basics of a loan -- common banking terms -- risks -- typical loan structure -- security (not securities) -- representations and warranties -- financial covenants -- boilerplate -- events of default -- syndicated lending --acquisition finance -- asset finance (finance leasing) -- double dips -- finance lease v operating lease -- project finance -- step-in rights -- offtake/take-or-pay -- UK PFI/PPP 8. MORE ON INVESTMENT BANKING 87 Using their own capital -- proprietary trading, prime brokerage and principal investment -- risk and regulation -- distribution networks -- bookbuilding and bought deals -- bond terms -- legal aspects -- road shows -- bondholders' meetings -- global bonds -- placings -- vendor placings and MandAs -- how privatisation led to underwriting convergence 9. MARKET WHALES - INSTITUTIONAL INVESTORS 99 Buy side/sell side -- insurance companies (life/casualty) -- pension funds -- trustees and actuaries -- institutional investors and private equity -- asset classes -- fund managers -- retail funds -- investment trusts -- unit trusts -- OEICs and companies with variable capital -- active investment -- random walks -- the Sage of Omaha -- wholesale money -- benchmarking --passive investment (index-tracking) -- core portfolio -- fund of funds -- exchange traded funds -- asset allocation -- systemic risk, secular trends, quants and betas -- short-termism -- corporate governance -- hedge funds -- LTCM 10. GOING FOR BROKE 119 Agency v principal -- Big Bang -- banking and broking blurred -- brokers, dealers, broker-dealers and inter-dealer brokers -- mid-cap brokers -- research analysts -- conflicts of interest -- Chinese walls -- soft commissions -- how analysts assess companies' shares -- p/e ratios 11. MORE ABOUT MARKETS 127 Stock markets -- trading systems -- broking instructions -- settlement -- exchange wars -- bonds -- depositaries -- depositary receipts --custodians -- bond yields -- the yield curve -- repos -- the money markets 12. BIG PICTURE: THE IMPACT OF ECONOMICS 139 Inflation -- deflation -- how interest rates drive the markets -- strength of sterling -- why markets behave as they do -- the Bank of England: what it really does -- why markets don't always do as they should -- covered interest arbitrage 13. DERIVATIVES, SYNTHETICS AND ALL THAT JAll 147 Futures -- currency and commodity origins -- locals -- open outcry -- margin -- marking-to-market -- counterparty risk -- contracts for difference --spread betting -- stock index futures -- dynamic hedging -- Nick Leeson --speculation and arbitrage -- weapons of mass financial destruction? -- triple witching hour -- options -- premium -- options terminology -- convertible bonds and warrants -- synthetics -- trading strategies -- interest rate swaps -- currency swaps -- credit derivatives -- total return swaps, credit default swaps and credit-linked notes 14. THE ALCHEMY OF SECURITISATION 171 Why loans block up bank balance sheets -- Basel and capital adequacy -- turning loans into bonds -- coping with early redemption and default -- structured finance -- collateralised debt obligations 15. LLOYD'S OF LONDON and REINSURANCE 179 Managing agents, members' agents and Names -- syndicates and brokers --how the market reached meltdown -- long-tail asbestosis liability -- baby syndicates -- the LMX spiral -- Reconstruction and Renewal -- corporate capital --reinsurance -- alternative risk transfer -- cat bonds -- weather derivatives AFTERWORD and BIBLIOGRAPHY - WHERE NEXT? JARGON BUSTER 189 195

There are no comments for this item.

Log in to your account to post a comment.
Koha 18.11 - INSEAD Catalogue
Home | Contact Us | What's Koha?