Free Download the Synthetic and Structured Assets: A Practical Guide to Investment and Risk By Erik Banks – Includes Verified Content:
Synthetic and Structured Assets: A Practical Guide to Investment and Risk
Master the world of structured and synthetic investments with this practical, product-focused guide.
This comprehensive resource is organized along product lines, exploring both the original classes of structured assets—such as mortgage-backed securities, asset-backed securities, and stripped government bonds—and the newest innovations in the market, including:
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Exchange-Traded Funds (ETFs)
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Credit Derivative-Based Collateralized Debt Obligations (CDOs)
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Total Return Swaps
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Contingent Convertibles (CoCos)
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Insurance-Linked Securities
The book begins with two essential introductory chapters outlining:
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The scope and size of the global market
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Key definitions and the economics of structuring
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Participant motivations and goals
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Core building blocks for synthetic and structured asset creation, such as derivatives, trusts, shelf registration debt programs, and special purpose entities
Eight detailed product chapters provide:
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Clear product descriptions
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Structural features and trading conventions
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Arbitrage and investment drivers
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Real-world worked examples and diagrams
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Minimal mathematics for easy comprehension
A final chapter addresses critical risk management, legal, regulatory, and accounting considerations across major global markets.
About the Author:
Erik Banks is a veteran risk consultant and financial author with over 20 years in the investment banking industry, holding senior positions at Merrill Lynch, XL Capital, and Citibank across New York, Tokyo, London, and Hong Kong. He has authored 20 books on derivatives, risk, and emerging markets, bringing a wealth of expertise to this indispensable guide.
