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This pocket sized book introduces Forward Rate Agreements. The topics covered include definition of FRAs, valuing an FRA at initiation and during the course of the contract, reading a quote, taking a view, hedging against rising rates and convexity. The material is kept light and intuitive and makes for a great read at leisure or on the road, or a great concept refresher. The layout is colourful and refreshing and learning options couldn't have been made easier. There are several examples which are thorough and help assist learning at every stage.
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This pocket sized book introduces the fundamentals of financial math and the concept of time value of money. The topics covered include using the Texas Instruments BAII Plus and the HP-12C Financial Calculators, Timeline Diagrams, Interpreting and Adjusting Interest Rate measures, Non annual compounding periods, and evaluating present and future value of uneven cashflow streams. The material is kept light and intuitive and makes for a great read at leisure or on the road, or a great concept refresher.

This pocket sized book is an intermediate course on options. The topics covered include binomial option pricing model for interest rate and bond options, valuing interest rate caps and floors, the Black-Scholes Merton model, Option Greeks (Delta, Vega, Theta, Rho), Higher Order Greeks (Gamma), Delta hedging and Managing a dynamic hedge. The material is kept light and intuitive and makes for a great read at leisure or on the road, or a great concept refresher. The layout is colourful and refreshing and learning options couldn't have been made easier.

This pocket sized book introduces the fundamentals of options. The topics covered include types of options, payoff plots to calls and puts, sythetic payouts combining puts, calls and underlying positions, moneyness of an options, the fundamentals of pricing and also covers uses of options for Corporates, Financial Institutions and Speculators. The material is kept light and intuitive and makes for a great read at leisure or on the road, or a great concept refresher. The layout is colourful and refreshing and learning options couldn't have been made easier.

Benefits of Christian credit counseling

The Bible states that "one man cannot serve two masters”. If you are in debts, you will have to fulfill your financial responsibility towards your creditors and thus will not be able to serve God. In order to dedicate most of your time to Christ, you must get rid of your debts. You can opt for a Christian credit counseling program offered by the different counseling agencies to get out of financial trouble.

What are the benefits of Christian credit counseling (http://www.creditmagic.org/)?

This article is intended as a Refresher on Anti-Money Laundering controls for bank staff working in all functional areas of a wholesale bank.

It contains highlights from the HKMA's January and May 2009 AML presentations, concerning common AML control weaknesses seen at banks operating in Hong Kong. It also contains three AML case studies and model answers. Please use the 'Notes Page' view to see the answers and the presenter's notes.

This article introduces the user to CMS-linked interest rate products. We cover the basics of how the cash flows of the product are determined, the motivation for designing such a contract, and introduce the important concept of convexity as it appears in CMS products. The article consists of two pages of text, and a 1 page termsheet.

This article summarises topics one and two of Paper 2 the Hong Kong Licensing Examination (L.E. Paper 2). Professionals intending to sit for the Paper 2 examination, will find the article a useful study aid. It highlights the essential features of:

Topic 1: Hong Kong's regulatory framework, and
Topic 2: The regulators' statutory & related requirements

Each topic contains a review section for self-testing.

This article summarises the regulatory requirements of the Hong Kong Securities & Futures Commission in respect of securities market research, in particular the need for securities analysts to avoid conflicts of interest. The article contains a three-page FAQ section for readers to test their knowledge of the regulator's requirements.

The regulations became effective in April 2005, and are now a part of the Code of Conduct for Persons Licensed by or Registered with the Securities & Futures Commission.

This 32 page document looks in depth at how to hedge interest rate exposure through interest rate swaps. This covers floating-floating risk, which can be covered through single currency basis swaps, as well as more traditional swaps.

We examine where we get swap rates from, using broker screens so you can see how this is interpreted form a practical viewpoint.