國立高雄大學圖資館 |

Language: English

Back

Hybrid securitiesstructuring, pricin...

Liberadzki, Kamil.

Hybrid securitiesstructuring, pricing and risk assessment /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Hybrid securitiesby Kamil Liberadzki, Marcin Liberadzki.
Reminder of title:	structuring, pricing and risk assessment /
Author:	Liberadzki, Kamil.
other author:	Liberadzki, Marcin.
Published:	London :Palgrave Macmillan UK :2016.
Description:	xii, 224 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Convertible securities.
Online resource:	https://doi.org/10.1007/978-1-137-58971-2
ISBN:	9781137589712$q(electronic bk.)

Hybrid securitiesstructuring, pricing and risk assessment /
Liberadzki, Kamil.

Hybrid securitiesstructuring, pricing and risk assessment /[electronic resource] :by Kamil Liberadzki, Marcin Liberadzki. - London :Palgrave Macmillan UK :2016. - xii, 224 p. :ill., digital ;24 cm.

Hybrid capital securities or 'hybrids' offer various benefits. They offer flexibility equity without shareholder dilution, provide protection to senior creditors, are a stable source of long-term funding for healthy companies, and help insurers and banks meet regulatory and rating agency capital requirements. Risks and features of hybrid securities are expressed in the credit spread of some relatively new financial instruments, but no structural fundamentals exist for to price hybrids precisely. This book proposes a model for the pricing of hybrids. It begins by explaining the concept of hybrids as well as their equity- and debt-like characteristics. Different types of hybrids are presented, including preference shares, convertible bonds, contingent convertibles (CoCos) and bail-in bonds. The authors then present analysis of regulatory regimes' impact on hybrids. They discuss the types of hybrid bonds that are contemplated in the Capital Requirements Regulation (CRR) and Banking Union mechanism. They then present an in-depth examination of hybrids pricing and risk assessment techniques. The book provides a comprehensive analysis from mathematical, legal and financial perspectives in order to look at relatively new financial instruments and address problems with the pricing models of hybrids which are as yet unsolved.

ISBN: 9781137589712$q(electronic bk.)

Standard No.: 10.1007/978-1-137-58971-2doiSubjects--Topical Terms:

207764
Convertible securities.

LC Class. No.: HG4652 / .L53 2016

Dewey Class. No.: 332.6457

Hybrid securitiesstructuring, pricing and risk assessment /
LDR:02365nmm a2200325 a 4500 001 548915
003 DE-He213
005 20190725103450.0
006 m d
007 cr nn 008maaau
008 190822s2016 enk s 0 eng d
020 $a 9781137589712$q(electronic bk.)
020 $a 9781349887804$q(paperback)
020 $a 9781137589705$q(hardback)
024 7 $a 10.1007/978-1-137-58971-2 $2 doi
035 $a 978-1-137-58971-2
040 $a GP $c GP
041 0 $a eng
050 4 $a HG4652 $b .L53 2016
072 7 $a KFFM $2 bicssc
072 7 $a BUS036000 $2 bisacsh
072 7 $a KFFM $2 thema
082 0 4 $a 332.6457 $2 23
090 $a HG4652 $b .L695 2016
100 1 $a Liberadzki, Kamil. $3 828484
245 1 0 $a Hybrid securities $h [electronic resource] : $b structuring, pricing and risk assessment / $c by Kamil Liberadzki, Marcin Liberadzki.
260 $a London : $b Palgrave Macmillan UK : $b Imprint: Palgrave Macmillan, $c 2016.
300 $a xii, 224 p. : $b ill., digital ; $c 24 cm.
520 $a Hybrid capital securities or 'hybrids' offer various benefits. They offer flexibility equity without shareholder dilution, provide protection to senior creditors, are a stable source of long-term funding for healthy companies, and help insurers and banks meet regulatory and rating agency capital requirements. Risks and features of hybrid securities are expressed in the credit spread of some relatively new financial instruments, but no structural fundamentals exist for to price hybrids precisely. This book proposes a model for the pricing of hybrids. It begins by explaining the concept of hybrids as well as their equity- and debt-like characteristics. Different types of hybrids are presented, including preference shares, convertible bonds, contingent convertibles (CoCos) and bail-in bonds. The authors then present analysis of regulatory regimes' impact on hybrids. They discuss the types of hybrid bonds that are contemplated in the Capital Requirements Regulation (CRR) and Banking Union mechanism. They then present an in-depth examination of hybrids pricing and risk assessment techniques. The book provides a comprehensive analysis from mathematical, legal and financial perspectives in order to look at relatively new financial instruments and address problems with the pricing models of hybrids which are as yet unsolved.
650 0 $a Convertible securities. $3 207764
650 1 4 $a Investments and Securities. $3 739860
650 2 4 $a Banking. $2 bicssc $3 534193
700 1 $a Liberadzki, Marcin. $3 828485
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer eBooks
856 4 0 $u https://doi.org/10.1007/978-1-137-58971-2
950 $a Economics and Finance (Springer-41170)