Introducing a revolutionary new quantitative approach to hybrid
securities valuation and risk management
To an equity trader they are shares. For the trader at the fixed
income desk, they are bonds (after all, they pay coupons, so what's
the problem?). They are hybrid securities. Neither equity nor debt,
they possess characteristics of both, and carry unique risks that
cannot be ignored, but are often woefully misunderstood. The first
and only book of its kind, The Handbook of Hybrid Securities
dispels the many myths and misconceptions about hybrid securities
and arms you with a quantitative, practical approach to dealing
with them from a valuation and risk management point of view.
* Describes a unique, quantitative approach to hybrid valuation
and risk management that uses new structural and multi-factor
models
* Provides strategies for the full range of hybrid asset classes,
including convertible bonds, preferreds, trust preferreds,
contingent convertibles, bonds labeled "additional Tier 1," and
more
* Offers an expert review of current regulatory climate regarding
hybrids, globally, and explores likely political developments and
their potential impact on the hybrid market
* The most up-to-date, in-depth book on the subject, this is a
valuable working resource for traders, analysts and risk managers,
and a indispensable reference for regulators
