About this product: The solutions manual is definitely a great resource to have in your possession. It shows you step by step how to complete some of the more complicated algebraic problems. I found this book very, very helpful and user friendly.
About this product: Ask network administrators what their most critical computer application is, and most will say "email" without a moment's hesitation. If you run a network powered by Windows 2000 or Windows Server 2003, Microsoft Exchange occupies much of your time. According to Microsoft, 110 million Exchange seats have been deployed, but 60% of you are still running Exchange 5.5. That's a problem, because the difference between version 5.5 and the more efficient Exchange 2000 and Exchange Server 2003 is profound. Don't fret. Exchange Server Cookbook offers you a comprehensive how-to guide to these newer versions of Exchange. You'll find quick solutions for the most common tasks you need to perform--everything from installation and maintenance to configuration and optimization, with proven recipes for the most useful tools and utilities. The book also has solutions to some uncommon tasks (that you may not know are possible) and advanced procedures that aren't part of day-to-day operations. These include tasks for critical situations, such as using a recovery storage group. Our reliable desktop reference even shows you how to write scripts for Exchange management and deployment tasks. That's right. While not every Exchange job can be scripted, many can, and we provide lots of working VBScript examples for accomplishing particular goals. Whatever your particular need, you'll find it quickly, because chapters in this Cookbook are laid out by recipe, with cross references to other pertinent solutions in the book. With this guide, you'll learn:
The relationship between Exchange and Active Directory
When to use the GUI, the command line, or scripting
How to prepare forests, domains, and servers
How to use Group Policy to control Exchange
Diagnostic logging, measure performance, and administrative privileges
Recipient management: user accounts, mailboxes, mail-enabled groups
Mailbox and public folder database management
Message routing and transport functions
Security, backup, restore, and recovery operations
For every question you have about Exchange 2000 or Exchange Server 2003, our Cookbook has the answer--one that you can find and implement without a moment's hesitation.
About this product: Why are there so many foreclosures? Why would banks, the pillars of fiscal responsibility and risk aversion, lend money to people who couldn't afford to repay their loans? How did Wall Street manage to hide the risk and sell the subprime mortgages? How did the subprime mortgage business unravel and evolve into a worldwide liquidity crisis? What are the frauds and scams, how do they work and what should you be aware of? What is the forecast for the future and what conclusions can be drawn? You will find the answers to all of these questions and more in this book. It is an easy-to-understand and easy-to-read collection of analyses, stories and experiences about the real estate business, the mortgage business and the subprime market in particular.
About this product: The Third Edition of Credit Derivatives is a complete reference work offering comprehensive information on credit derivative products, applications, pricing/valuation approaches, documentation issues and accounting/taxation aspects of such transactions.
Previous editions have consisted of a number of chapters written by the author and a collection of papers from leading market practitioners. This edition departs from the previous format -- all chapters have been written by the author, Satyajit Das.
Key areas of new and enhanced coverage include:
Inclusion of latest developments in documentation (the 2003 Credit Derivative Definitions and market developments such as Master Confirmations).
Description of developments in structured credit products, including portfolio products, up-front credit default swaps, quanto credit default swaps, credit swaptions, zero recovery credit default swaps, first-to-default swaps/ Nth to-default swaps, and many more.
Increased coverage of credit linked notes including repackaging structures.
Detailed discussion of the collateralized debt obligations (CDO) market, including CDO structures, pricing and valuation, rating methodology, CDO variations, single tranche CDOs, hedging of CDO tranches, behavior of CDO tranche (equity, mezzanine, senior and super senior) investments.
Increased coverage of pricing of credit default swaps (including models and valuation approaches) and discussion of cash-synthetic basis and its causes and behavior.
Coverage of E2C (equity to credit) hedging.
Detailed examples of applications of credit derivatives by different market participants.
Discussion of trading in credit derivatives including more complex trading strategies such as basis trading and capital structure arbitrage trades.
Updated coverage of regulatory framework for credit derivatives.
Updated discussion of market structures, developments and prospects.
About this product: Collateralised debt obligations (CDOs) are at the heart of the continuing credit crisis. This guide is recommended to anyone trying to understand the mechanics of this challenging market. The question of how to value structured credit products has never been more urgent. This multi-contributor book successfully brings together cutting-edge, current research from a broad spectrum of leading academics and practitioners in the field to fully examine CDOs and provide expert practical guidance. The Definitive Guide to CDOs will deliver, to both practitioners and academics, the full range of current ideas and the newest innovations surrounding this important topic. It provides you with all the essential analysis concerning the CDO sector including:
A comprehensive overview of the market and application of CDOs, which will help the less experienced reader get up-to-date on the subject.
An analysis of the severe 2005 and 2007 CDO crises.
A clear picture of the current status of the market.
A technical overview of CDO hedging approaches.
An analysis of the current CDO valuation approaches, such as the One-Factor Gaussian Copula Model, Copula extensions, Levy processes, Markov Models, as well as CDO squared and CPDO valuation.
Insight into the risks, challenges and market outlook.
Recommended reading for anyone trying to stay ahead in the rapidly changing CDO market, including CDO investors and analysts, brokers and dealers, investment bankers, accountants, asset managers, collateral managers, credit enhancers, portfolio managers, trustees, structurers and risk managers.
About this product: "This is an essential book for any practitioner, researcher or student of securitisation - concise and accurate coverage of the key aspects of securitisation on all the main and secondary markets of the world."
"John Deacon's original book became the leading textbook for those genuinely interested in gaining a profound and detailed understanding of the arcane world of securitisation. The new, updated version confirms John's status as the top writer in this sector. Securitisation has moved on, becoming ever more complex in both its detail and its variety, but John's book never fails to deal with all the intellectual challenges posed, in a clear, logical and comprehensive fashion. A must for all practitioners- – I thoroughly enjoyed it."
—Robert Palache, Managing Director, Head of European Infrastructure Finance and Corporate Securitisation, Barclays Capital
"Deacon’s book is an unparalleled treatise on all aspects of asset securitisation and CDOs and is ideal for use by both experienced market practitioners and by those new to the seemingly ever-expanding world of securitisation. The book comprehensively outlines the various structures encountered, ranging from true sale and future flow financings to synthetics and whole business, addressing not only the framework of the structures but also the regulatory and accounting implications. A must have reference book."
—David Newby, Executive Director, ABN AMRO BANK N.V., Head of UK and Irish Securitisation, Head of European Commercial Real Estate Securitisation
About this product: The financial industry is swamped by credit products whose economic performance is linked to the performance of some underlying portfolio of credit-risky instruments, like loans, bonds, swaps, or asset-backed securities. Financial institutions continuously use these products for tailor-made long and short positions in credit risks. Based on a steadily growing market, there is a high demand for concepts and techniques applicable to the evaluation of structured credit products. Written from the perspective of practitioners who apply mathematical concepts to structured credit products, Structured Credit Portfolio Analysis, Baskets & CDOs starts with a brief wrap-up on basic concepts of credit risk modeling and then quickly moves on to more advanced topics such as the modeling and evaluation of basket products, credit-linked notes referenced to credit portfolios, collateralized debt obligations, and index tranches. The text is written in a self-contained style so readers with a basic understanding of probability will have no difficulties following it. In addition, many examples and calculations have been included to keep the discussion close to business applications. Practitioners as well as academics will find ideas and tools in the book that they can use for their daily work.
About this product: Why would banks, the pillars of fiscal responsibility and risk aversion, lend money to subprime borrowers who couldn't afford to repay their loans? How did Wall Street manage to hide the risk and sell the subprime mortgages? How did the subprime mortgage business unravel and evolve into a worldwide liquidity crisis? What are the frauds and scams, how do they work and what should you look out for? What's the forecast for the future and what conclusions can be drawn? Why are there so many foreclosures? In this book you'll find the answers to those questions and more. It is an easy-to-read and easy-to-understand collection of analyses, stories and experiences about the real estate business, the mortgage business and the subprime market in particular.
This self-contained volume brings together a collection of chapters by some of the most distinguished researchers and practitioners in the fields of mathematical finance and financial engineering. Presenting state-of-the-art developments in theory and practice, the Festschrift is dedicated to Dilip B. Madan on the occasion of his 60th birthday.
Specific topics covered include:
* Theory and application of the Variance-Gamma process
* Lévy process driven fixed-income and credit-risk models, including CDO pricing
* Numerical PDE and Monte Carlo methods
* Asset pricing and derivatives valuation and hedging
* Itô formulas for fractional Brownian motion
* Martingale characterization of asset price bubbles
* Utility valuation for credit derivatives and portfolio management
Advances in Mathematical Finance is a valuable resource for graduate students, researchers, and practitioners in mathematical finance and financial engineering.
Contributors: H. Albrecher, D. C. Brody, P. Carr, E. Eberlein, R. J. Elliott, M. C. Fu, H. Geman, M. Heidari, A. Hirsa, L. P. Hughston, R. A. Jarrow, X. Jin, W. Kluge, S. A. Ladoucette, A. Macrina, D. B. Madan, F. Milne, M. Musiela, P. Protter, W. Schoutens, E. Seneta, K. Shimbo, R. Sircar, J. van der Hoek, M.Yor, T. Zariphopoulou
About this product: Introducing the Outlook 2000 object model, this book shows how to hook into the object model using VB or VBA. Once the basics are covered, more advanced topics are covered, such as automation, data-access and manipulation, using COM add-ins and integration with other applications. The book is made complete with the inclusion of comprehensive "real-world" case studies that demonstrate the techniques learned throughout the book. There is also a complete reference to the Outlook 2000 Object Model.
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