Securities are the fundamental tools and products of investment banking. They can be broadly categorized into debt - including banknotes, bonds and debentures, equity and derivative financial instruments that range from options and swaps to very complex and risky trading strategies. It is a multi-billion dollar business based on sophisticated financial models and pricing techniques.
Mastering Investment Banking Securitiesis a comprehensive guide to these trading instruments, their trading practices, pricing techniques and associated risks. It includes:
An introduction to investment bank structures, divisions and their roles All commonly traded money market and capital market instruments The most popular interest rate, equity, commodity and credit- linked financial instruments A wide range of derivative securities Details of pricing and valuation tools and the key pricing techniques The fundamentals of credit risk and market risk A glossary of key terms