TAILIEUCHUNG - Thị trường tài chính và các định chế tài chính_ Chapter 15

Tài liệu mônThị trường tài chính và các định chế tài chính- Chapters " Interest Rate Derivative Markets" dành cho các bạn sinh viên, học viên đang theo học ngành kinh tế, chuyên ngành tài chính: tài chính doanh nghiệp, taì chính ngân hàng, tài chính tiền tệ,. | Chapter 15 Interest Rate Derivative Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. Chapter Outline Background Participation by financial institutions Types of interest rate swaps Risks of interest rate swaps Pricing interest rate swaps Factors affecting the performance of interest rate swaps Interest rate caps, floors, and collars Globalization of swap markets Background An interest rate swap is an arrangement whereby one party exchanges one set of interest payments for another ., fixed-rate payments are exchanged for floating-rate payments The provisions of a swap include: The notional principal The fixed interest rate The formula and type of index to determine the floating rate The frequency of payments The lifetime of the swap Background (cont’d) Amounts owed are typically netted out so that only the net payment is made The market for swaps is facilitated by .

• Tài chính doanh nghiệp
• financial markets
• institutions FM&I
• tài chính
• thị trường tài chính
• Lecture Financial markets
• Financial futures markets
• Valuation of financial futures
• Interest rate futures
• Financial institutions
• Lecture Financial markets and institutions
• Financial institutions markets
• Capital markets
• Money markets
• Derivative securities markets
• Futures markets
• Option markets
• Swap markets
• Foreign exchange derivative markets
• Bank management
• Types of Financial Markets
• Securities traded
• Valuation of securities
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Commercial banks
• Financial statements
• Risks at financial institutions
• Market risk
• Exchange rates
• Economics 252
• Efficient markets
• Excess volatility
• Efficient Markets Hypothesis
• Interest rate derivative markets
• Interest rate swaps
• Mortgage backed securities
• Globalization of mortgage markets
• Financial markets and institutions
• The financial system
• Interest rates change
• Financial markets efficient
• Term structure affect interest rates
• The stock market
• The mortgage markets
• The international financial system
• Financial regulation
• Interest rate fundamentals
• Interest rates
• Security valuation