Financial Engineering -Language: german. This item is unavailable.Financial Engineering -Language: german

Knowing and understanding financial engineering is more important than ever for market participants today. Starting from an introduction to financial mathematics, basic symmetric products (fixed and variable rate bonds, forward rate agreements, and swaps) are first discussed. Then, using the example of stock options, the different option types, their valuation components and option price models are presented. These form the foundation for analyzing structured products with stock options (stock bonds, discount certificates, index bonds). Furthermore, interest rate options (bond options, caps, floors, collars and swaptions) are discussed and structured products (bonds with single and multiple termination rights, reverse floaters, leveraged floaters, capted constant maturity swaps) are analyzed. The product range is rounded off with the analysis of convertible bonds and certificates (including guarantee, bonus and leverage certificates). Assessment methods based on analytical formulas as well as binomial trees are used. In addition, the Monte Carlo simulation is increasingly prevalent especially for products with complex payout profiles. Gradually, the reader is introduced to the various assessment techniques. A chapter on ethics in financial engineering has also been newly recorded. This book is now available in the seventh, revised and expanded edition.