Swap Literacy: A Comprehensible Guide CLO (Bloomberg Financial) - Hardcover

Ungar, Elizabeth; Bloomberg, Michael R.

Hardcover

ISBN 10: 1576600017 ISBN 13: 9781576600016

Publisher: John Wiley & Sons, 1997

Synopsis

This compact handbook will equip you to understand swaps and use them effectively. It is designed for anyone who deals with swap professionals or monitors the arrangements they make. If you are a CEO, a financial officer, or one who runs a business or manages a portfolio - in fact, if you are concerned in any way with cash flows - you need to know what is in this book.
Swap Literacy lays out the origins, history, types, and uses of swaps and then provides a detailed, alphabetical lookup that expands on more than 20 categories of swap and swap-related topics, such as marking to market, accounting, and types of risk.
The emphasis is always on understanding when and how to use each type. Swap Literacy explains how swaps actually work, what happens during their life cycles, what swaps can and cannot do, and when to use an alternative. It also describes how to reverse or unwind the swap if conditions go against you.
The concepts that this book clarifies will enable managers who know how beneficial swaps can be - and who know how quickly things can go wrong when swaps are misused - to ask the right questions, evaluate the answers they get and choose the right move to make.

About this title

About the Author

Elizabeth Ungar, Ph.D., has taught at Trinity College, Dublin, and is a senior editor of both Bloomberg Personal and Bloomberg Magazine.

From the Back Cover

This compact handbook will equip you to understand swaps and use them effectively. It is designed for anyone who deals with swap professionals or monitors the arrangements they make. If you are a CEO, a financial officer, or one who runs a business or manages a portfolio - in fact, if you are concerned in any way with cash flows - you need to know what is in this book. Swap Literacy lays out the origins, history, types, and uses of swaps and then provides a detailed, alphabetical lookup that expands on more than 20 categories of swap and swap-related topics, such as marking to market, accounting, and types of risk. The emphasis is always on understanding when and how to use each type. Swap Literacy explains how swaps actually work, what happens during their life cycles, what swaps can and cannot do, and when to use an alternative. It also describes how to reverse or unwind the swap if conditions go against you. The concepts that this book clarifies will enable managers who know how beneficial swaps can be - and who know how quickly things can go wrong when swaps are misused - to ask the right questions, evaluate the answers they get and choose the right move to make.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 1997
• Language: English
• ISBN 10: 1576600017
• ISBN 13: 9781576600016
• Binding: Hardcover
• Number of pages: 176