Capital Market Instruments: Analysis and Valuation

The third edition of Capital Market Instruments: Analysis and Valuation is a fully revised and updated guide to the most important products in use in the financial markets today, providing clear understanding of key concepts, mathematical techniques and market analysis. There is detailed coverage of debt and equity products and market conventions, illustrated with worked examples and case studies of events in the industry. The book is accompanied by web-based software for a yield curve construction model, enabling readers to set up an Excel application to calculate spot and forward interest rates. In this new edition, all chapters are updated to reflect the latest market developments. There is also a succinct analysis of the 2007-2008 financial crisis, with lessons learned and recommendations for market practitioners. The authors have extensive experience in investment banking, quantitative analysis, bond trading and risk management, and provide valuable insight and understanding of the financial markets. www.quantlib.org

MOORAD CHOUDHRY is Head of Treasury at Europe Arab Bank PLC. Previously, he worked in investment banking in London, UK and as a gilt-edged market maker at ABN-AMRO Hoare Govett Sterling Bonds Ltd. He is also Visiting Professor at the department of Economics, Finance and International Business, London Metropolitan University. He is a Senior Fellow at the Centre for Mathematical Trading and Finance, CASS Business School, London.

DIDIER JOANNAS works at Thomson Reuters. He was previously employed as Investment Banker at SunGard, Hong Kong and as a quantitative analyst and arbitrage trader at ABN-AMRO Hoare Govett Sterling Bonds Ltd.

GINO LANDUYT is Head of Treasury Sales at Europe Arab Bank plc in London. Prior to that he was Head of Mid-Cap Institutional Structured Sales at ING Bank in Brussels, and in sales and origination at KBC Bank NV in their Brussels, Frankfurt, New York and London offices.

FRANCIS RICHARD PEREIRA is an investment actuary, specializing in fixed income and alternative investments. Richard has worked for JPMorgan as an Executive Director in the Structured Alternative Investments business area. Prior to this, he was a senior executive within the Fixed Income divisions of Nomura and Dresdner Kleinwort Wasserstein. Richard is a qualified Actuary (FIA - Fellow of the Institute of Actuaries) and also qualified as a Chartered Accountant (ACA - Institute of Chartered Accountants in England and Wales) at KPMG.

ROD PIENAAR works on investment banking systems at UBS Equity Finance in London, UK. He has previously worked in risk management consulting, during which time he provided systems, process and risk consultancy services to a variety of investment banks.