{"product_id":"the-risk-management-of-contingent-jan-de-spiegeleer-9783030018238","title":"The Risk Management of Contingent Convertible (Coco) Bonds","description":"\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. The loss-absorption mechanism is automatically enforced either via the breaching of a particular accounting ratio, typically in terms of the Common Equity Tier 1 (CET1) ratio, or via a regulatory trigger. \u003c\/p\u003e \u003cp\u003eCoCos are non-standardised instruments with different loss-absorption and trigger mechanisms. They might also contain additional features such as the cancellation of coupon payments.\u003c\/p\u003e \u003cp\u003eDifferent pricing models are discussed in detail. These models use market data such as share prices, CDS levels and implied volatility in order to calculate the theoretical price of a CoCo bond and its sensitivities, providing the investor with insides to hedge from adverse changes in the market conditions.\u003c\/p\u003e \u003cp\u003eThe audience are professionals as well as academics who want to learn how to risk manage CoCo bonds using cutting edge techniques as well as all the risk involved in CoCo bonds.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Jan de Spiegeleer, Ine Marquet, Wim Schoutens\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3030018237\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783030018238\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/13\/2018\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 106\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.38lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.24d","brand":"Jan de Spiegeleer","offers":[{"title":"Paperback","offer_id":45478824313087,"sku":"9783030018238","price":69.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_3ff7dde5-2fd3-4302-aba7-07eb31d89414.jpg?v=1715935803","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-risk-management-of-contingent-jan-de-spiegeleer-9783030018238","provider":"WR Book House","version":"1.0","type":"link"}