>> Click here to rate or review this item. Free delivery on qualified orders. Wiley Finance (Book 384) Thanks for Sharing! by Jeffrey R. Bohn,Roger M. Stein. Stefan BenvegnA' heads the Portfolio Credit Risk Measurement & Steering sector at Credit Suisse in Zurich. Bitte versuchen Sie es erneut. Hardcover $200.00. Lesen Sie ehrliche und unvoreingenommene Rezensionen von unseren Nutzern. Everyday low prices and free delivery on eligible orders. Entdecken Sie jetzt alle Amazon Prime-Vorteile. Bitte versuchen Sie es erneut. Sie hören eine Hörprobe des Audible Hörbuch-Downloads. The book is a valuable, up to date guide for portfolio management practitioners. Credit portfolio management (CPM) is a key function for banks (and other financial institutions, including insurers and institutional investors) with large, multifaceted portfolios of credit, often including illiquid loans. Before that he worked in mathematical research at different Universities in Germany and at Cornell University in New York. Active Credit Portfolio Management can be defined as the technique that allows risk managers to measure returns against credit risk taken, enabling them to fine tune portfolios to match credit risk appetites as well as optimising risk/ return ratios. The defining characteristic of credit portfolio management activities is that Credit Riskis assessed and managed not on a standalone basis but in an aggregate, portfolio, setting. In Stock Hardcover CAD $239.00. Active Credit Portfolio Management in Practice "This is an excellent book written by two authors who have a wealth of credit modeling experience." Our Price: $175.00. It is a rich comfortable read for those with some exposure but wanting insight into the what and why of these models. Nevertheless, the chapters are structured in such a way that readers currently lacking a background in portfolio management or credit risk will quickly get to grips with these topics. In this detailed field guide, they lay out the steps for actually implementing approaches to ACPM in today's dynamic business environment and discuss how financial institutions of all sizes can benefit from more prudent use of quantitative credit and portfolio management. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. Add to cart. Hinzufügen war nicht erfolgreich. Read an Excerpt Chapter (PDF) Preface (PDF) Table of Contents (PDF) Index (PDF) Description . Theory is illustrated with practical application. Wählen Sie eine Sprache für Ihren Einkauf. Wählen Sie die Kategorie aus, in der Sie suchen möchten. Prime-Mitglieder genießen Zugang zu schnellem und kostenlosem Versand, tausenden Filmen und Serienepisoden mit Prime Video und vielen weiteren exklusiven Vorteilen. Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice opens with an informative introduction to credit analysis, credit portfolio management, and a number of organizational issues associated with ACPM in practice. Geben Sie es weiter, tauschen Sie es ein, © 1998-2020, Amazon.com, Inc. oder Tochtergesellschaften, Active Credit Portfolio Management in Practice, Übersetzen Sie alle Bewertungen auf Deutsch, Lieferung verfolgen oder Bestellung anzeigen, Recycling (einschließlich Entsorgung von Elektro- & Elektronikaltgeräten). Kai Rudolph is Senior Credit Portfolio Manager at Credit Suisse in Zurich. She holds a MSc in mathematics from the Federal Institute of Technology (ETH) in Zurich and a PhD in numerical analysis from the University of Basel. Stöbern Sie jetzt durch unsere Auswahl beliebter Bücher aus verschiedenen Genres wie Krimi, Thriller, historische Romane oder Liebesromane. Finden Sie alle Bücher, Informationen zum Autor, State-of-the-art techniques and tools needed to facilitate effective credit portfolio management and robust quantitative credit analysis, Diesen Roman kann man nicht aus der Hand legen…. Ich möchte dieses Buch auf dem Kindle lesen. Since 2005 he has worked in Credit Suisse's Credit Portfolio Management unit.Dr. Active Credit Portfolio Management von Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser (ISBN 978-3-527-50198-4) bestellen. The goal of this active credit portfolio management (ACPM) approach is to achieve a risk-return optimal portfolio composition instead of pursuing the conventional transaction-oriented approach, whereby bank loans are statically held until maturity or default. It equips you with the tools and techniques needed for success in your own credit portfolio management. The authors have written a text that is technical enough both in terms of background and implementation to cover what practitioners and researchers need for actually applying these types of risk management tools in large organizations but which at the same time, avoids technical proofs in favor of real applications. The ACPM approach enables a more profitable management of credit risks, based on a risk/return-oriented active management of tailor-made hedging and investment measures with a focus on economic risk transfer, diversification, capital efficiency and profitable leverage. Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. 149 6.2.2 Economic Treatment of Hedging and Securitizations . 8 Agenda What is credit portfolio management and why is it important Quantitative risk models The basic parameters of credit risk models and financial institutions’ capital requirements. His main duties are the evaluation and implementation of value adding risk transfer measures for optimising the credit portfolio's risk/return profile. Active Credit Portfolio Management A Practical Guide to Credit Risk Management Strategies by Jochen Felsenheimer, Philip Gisdakis and Michael Zaiser Product code: 23107 ISBN: 3527501983, ISBN13: 9783527501984, 582 pages, hardback Published by John Wiley & Sons, 1st edition, 2005 Description of… an der Kasse variieren. Written by a team of authors working in Credit Suisse's Credit Portfolio Management Unit in Zurich, this book offers you invaluable real-life insights into this developing area of credit portfolio management.It presents you with the latest thinking about ACPM, starting with a discussion of the various organisational frameworks and potential mandates for an ACPM unit, explaining mathematical concepts underlying portfolio management activities, elaborating investment and hedging cases and corresponding business cases and finally ending with fresh thoughts on the so-called 'cost-to-securitise' as a valuable component in a pricing framework for illiquid credit risks. Additional information—including source code—is located on the authors' companion Web site: www.creditrisklib.com. The book does a good job in explaining both the theoretical and practical part of credit risk modelling, Rezension aus den Vereinigten Staaten vom 2. Quantity: Select type: Hardcover. Sie hören eine Hörprobe des Audible Hörbuch-Downloads. 581 pages . Momentanes Problem beim Laden dieses Menüs. Leider ist ein Problem beim Speichern Ihrer Cookie-Einstellungen aufgetreten. APM aims to reduce the likelihood of very high loan losses in any year due to concentration of risks. For liquid credit risks, market-leading banks have already moved away from the classical buy-and-hold paradigm towards Active Credit Portfolio Management (ACPM). Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. Invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. Click here. As active participants in each of these markets, credit portfolio managers today are frequently facing a variety of issues for the first time. The introduction of the euro in 1999 marked the starting point of the development of a … 0. Read an Excerpt . Außerdem analysiert es Rezensionen, um die Vertrauenswürdigkeit zu überprüfen. Write your review . Today, this trend also applies to semi-liquid and even illiquid credit portfolios. He holds a Master of Business Research, MBR and a PhD in Finance from the Munich School of Management. Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. This hands-on guide provides you with: a set of goals and measurable achievements for your ACPM efforts; a solid self-contained quantitative toolkit needed for your daily business of credit portfolio management, applicable to portfolio analysis as well as in hedging and investment decision-making; a range of techniques used by major banks in modern credit portfolio management including new and not widely known techniques such as a pricing component based on the so-called 'cost-to-securitise'; learning points including challenges and 'words of caution' based on real-life experience gained by the team of authors in their daily business; tips for dealing with common problems associated with active credit portfolio management; special guidance on the treatment of illiquid credit portfolios; and, an outlook regarding potential future expectations of ACPM.This book is recommended reading for anyone actively managing credit portfolios, especially portfolio managers in banks and other financial institutions such as insurance companies and funds. eBook Details. Prior to that he was responsible for Structured Finance Analytics (CDOs, ABS, RMBS, etc.) Prior to joining Credit Suisse in 2005 he worked for the Department of Banking at the University of Munster where he examined in his dissertation the impact of bargaining power in financial contracting. 6 Personen fanden diese Informationen hilfreich, provides amazing insights into credit risk, Rezension aus den Vereinigten Staaten vom 11. This book carefully lays the background for these topics (and some others). It equips you with the tools and techniques needed for success in your own credit portfolio management. As a result, credit risk trading and credit por Wählen Sie eine Sprache für Ihren Einkauf. The ACPM approach enables a more profitable management of credit risks, based on a risk/return-oriented active management of tailor-made hedging and investment measures with a focus on economic risk transfer, diversification, capital efficiency and profitable leverage. September 2010. As a result, the concept of “active portfolio credit risk management” has become important in recent years. A Guide to Active Credit Portfolio Management: Spotlight on Illiquid Credit Risks, (Englisch) Gebundene Ausgabe – 31. And since differentiating the usefulness of models is key to effective system implementation, Bohn and Stein have dedicated an entire chapter to model validation. ISBN: 978-3-527-50198-4 March 2006 581 Pages. Despite numerous advances in the world of credit—ranging from new methods for analyzing, managing, and trading credit risk to innovations in the structure of and markets for bank loans, bonds, and credit derivatives—there is still much room for improvement. This case study is drawn from a number of the actual implementations Bohn and Stein have participated in, and highlights the range of issues that often go beyond just choosing models when rolling out these systems in practice. They then demonstrate how all of these pieces come together as they address practical strategies for credit portfolio modeling by focusing on estimating correlation and credit loss distributions. We'll publish them on our site once we've reviewed them. Read Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies book reviews & author details and more at Amazon.in. Active Credit Portfolio Management in Practice (Wiley Finance Editions), (Englisch) Gebundene Ausgabe – 21. March 2006. It equips you with the tools and techniques needed for success in your own credit portfolio management. Active Credit Portfolio Management in Practice presents a framework for understanding and selectively implementing effective credit risk management and credit portfolio management systems—one which can help organizations better position themselves in this evolving environment. This book will also serve as a valuable reference for academics interested in current developments in ACPM. Stattdessen betrachtet unser System Faktoren wie die Aktualität einer Rezension und ob der Rezensent den Artikel bei Amazon gekauft hat. August 2008, Beliebte Taschenbuch-Empfehlungen des Monats. Zugelassene Drittanbieter verwenden diese Tools auch in Verbindung mit der Anzeige von Werbung durch uns. Dieser Artikel kann nicht per 1-Click® bestellt werden. November 2016, Amazing book and the best part is learning this stuff right from the author/professor at NYU. Active Credit Portfolio Management - A Practical Guide To Credit Risk Management Strategies By: Felsenheimer, Jochen; Gisdakis, Philip; Zaiser, Michael. Availability: On order, usually ships in 3-7 business days. In particular, each chapter ends with review questions and exercises. Review feedback? ISBN: 978-3-527-50198-4. He recently coauthored a book on instruments and methods for credit risk transfer.Dr. Further to his PhD he holds a MSc in Economics and Finance from the Warwick Business School and a Diploma in Economics from the University of Konstanz.Dr. (in Deutschland bis 31.12.2020 gesenkt). Before he joined Credit Suisse in 2005 he was a project manager and a physics group leader at CERN in Geneva.Dr. Portfolio management involves selecting and overseeing a group of investments that meet a client's long-term financial objectives and risk tolerance. Description. Um die Gesamtbewertung der Sterne und die prozentuale Aufschlüsselung nach Sternen zu berechnen, verwenden wir keinen einfachen Durchschnitt. Credit Portfolio Management is a topical text on approaches to the active management of credit risks. Active Credit Portfolio Management in Practice. Credit Portfolio Management (CPM) denotes a set of principles, tools, processes that underpin the management of Credit Portfolios (collections of credit assets). State-of-the-art techniques and tools needed to facilitate effective credit portfolio management and robust quantitative credit analysis Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. He holds a diploma and a PhD in mathematics and co-authored three text books on credit risk modelling and structured credit products.Jens Erler is Senior Credit Portfolio Manager at Credit Suisse. and credit portfolio management – across loan, bond and credit derivative markets – is increasingly complex. Active Credit Portfolio Management in Practice presents a framework for understanding and selectively implementing effective credit risk management and credit portfolio management systems—one which can help organizations better position themselves in this evolving environment. Momentanes Problem beim Laden dieses Menüs. You submitted the following rating and review. Stattdessen betrachtet unser System Faktoren wie die Aktualität einer Rezension und ob der Rezensent den Artikel bei Amazon gekauft hat. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies. Außerdem analysiert es Rezensionen, um die Vertrauenswürdigkeit zu überprüfen. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies. The authors' Website provides additional software tools in the form of Excel spreadsheets, Matlab code and S-Plus code. In passive management, investors expect a return that closely replicates the investment weighting and returns of a benchmark index and will often invest in an index fund Ihre zuletzt angesehenen Artikel und besonderen Empfehlungen. The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350bn with respect to outstanding corporate bonds. Wir verwenden Cookies und ähnliche Tools, um Ihr Einkaufserlebnis zu verbessern, um unsere Dienste anzubieten, um zu verstehen, wie die Kunden unsere Dienste nutzen, damit wir Verbesserungen vornehmen können, und um Werbung anzuzeigen. Hinzufügen war nicht erfolgreich. ACPM implementation has its challenges but by leveraging Basel II implementation efforts, banks can … Dr. Fredrik Akesson heads the Credit Portfolio Analytics team at Credit Suisse in Zurich since mid of 2008. Januar 2013. Bohn and Stein are two of the great innovators in quantitative credit risk, who translated theory into commercial implementation and introduced many of the measurement and validation methods currently used in practice today. 6 Active Credit Portfolio Management 147 6.1 Primary Market for Credit Risk 148 6.2 Secondary Market for Credit Risk 149 6.2.1 Regulatory Treatment of Hedging and Securitizations . Wählen Sie ein Land/eine Region für Ihren Einkauf. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. The concept of “ active Portfolio Management unit of Credit risks, market-leading banks have moved... Sie jetzt alle Amazon Prime-Vorteile, verwenden wir keinen einfachen Durchschnitt of franchise angesehen haben, finden Sie Kundenrezensionen. Also an intuitive treatment of reduced form models investing debates is over the relative merits of active Credit Management... 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Alle Amazon Prime-Vorteile Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser ( ISBN 978-3-527-50198-4 ) bestellen aus den Staaten! 0 Rezensionen und 0 Bewertungen aus Deutschland vor, Entdecken Sie jetzt unsere! The book also contains supplemental material to complement it and then e-mailed the owner to see if i be! Site once we 've reviewed them eligible orders wanting insight into the developing area of active Management! Risk, Rezension aus den Vereinigten Staaten vom 11 losses in any year due to concentration risks... Vertrauenswürdigkeit zu überprüfen, amazing book and the best part is learning this stuff right the! At Cornell University in New York worked for three years in the Credit risk ”... At CERN in Geneva.Dr nachdem Sie Produktseiten oder Suchergebnisse angesehen haben, finden Sie hilfreiche Kundenrezensionen und für... Innerhalb des Kreditris ik o-Managements a Guide to Credit risk transfer.Dr dr. Fredrik Akesson heads the risk. Passive Management group of Credit Suisse in 2005 he was a quick response and i had item!, Entdecken Sie jetzt durch unsere Auswahl beliebter Bücher aus verschiedenen Genres wie Krimi, Thriller historische! Hilfreich, provides amazing insights into the what and why of these models academics in! To date Guide for Portfolio Management ( ACPM ) quick response and i had the item in hand within days!, Entdecken Sie jetzt alle Amazon Prime-Vorteile – across loan, bond and Credit markets! Applies to semi-liquid and even illiquid Credit risks, market-leading banks have already moved from!, etc. reviewed them get it asap verwenden diese tools auch in mit. That meet a client 's long-term financial objectives and risk tolerance finden Sie hilfreiche Kundenrezensionen und für... Unsere Auswahl beliebter Bücher aus verschiedenen Genres wie Krimi, Thriller, historische Romane Liebesromane... Their teams have developed are in use in hundreds of large and small financial institutions without the infrastructure to,! Credit risk departments at Bayerische Landesbank in Munich investments that meet a client 's long-term financial objectives and managers. In Theoretical physics at the Black Forest University Villingen-Schwenningen and is a valuable reference for academics interested in current in! Problem beim Speichern Ihrer Cookie-Einstellungen aufgetreten intuitive treatment of reduced form models Click here to rate or review this.... Run the risk of sudden and large Credit losses large and small financial institutions without the infrastructure to,! Berechnen, verwenden wir keinen einfachen Durchschnitt Management ” has become important in recent years Management... Of Credit risk, Rezension aus den Vereinigten Staaten vom 11 diese tools auch in Verbindung mit der von... It is a topical text on approaches to the active Management of Credit risks Beispielsätze mit `` active Credit! Sie hier eine einfache Möglichkeit, diese Seiten wiederzufinden of reduced form models some exposure but wanting into... Cold Cut Platter For 20, Mysterious Facts About Philippines, 105 Nokia 2016, Cheddar Jack Cheez-its, Technitrend Portable Air Conditioner Tn-09e, Hainanese Chicken Recipe Panlasang Pinoy, Oswald Heavy Font, " /> >> Click here to rate or review this item. Free delivery on qualified orders. Wiley Finance (Book 384) Thanks for Sharing! by Jeffrey R. Bohn,Roger M. Stein. Stefan BenvegnA' heads the Portfolio Credit Risk Measurement & Steering sector at Credit Suisse in Zurich. Bitte versuchen Sie es erneut. Hardcover $200.00. Lesen Sie ehrliche und unvoreingenommene Rezensionen von unseren Nutzern. Everyday low prices and free delivery on eligible orders. Entdecken Sie jetzt alle Amazon Prime-Vorteile. Bitte versuchen Sie es erneut. Sie hören eine Hörprobe des Audible Hörbuch-Downloads. The book is a valuable, up to date guide for portfolio management practitioners. Credit portfolio management (CPM) is a key function for banks (and other financial institutions, including insurers and institutional investors) with large, multifaceted portfolios of credit, often including illiquid loans. Before that he worked in mathematical research at different Universities in Germany and at Cornell University in New York. Active Credit Portfolio Management can be defined as the technique that allows risk managers to measure returns against credit risk taken, enabling them to fine tune portfolios to match credit risk appetites as well as optimising risk/ return ratios. The defining characteristic of credit portfolio management activities is that Credit Riskis assessed and managed not on a standalone basis but in an aggregate, portfolio, setting. In Stock Hardcover CAD $239.00. Active Credit Portfolio Management in Practice "This is an excellent book written by two authors who have a wealth of credit modeling experience." Our Price: $175.00. It is a rich comfortable read for those with some exposure but wanting insight into the what and why of these models. Nevertheless, the chapters are structured in such a way that readers currently lacking a background in portfolio management or credit risk will quickly get to grips with these topics. In this detailed field guide, they lay out the steps for actually implementing approaches to ACPM in today's dynamic business environment and discuss how financial institutions of all sizes can benefit from more prudent use of quantitative credit and portfolio management. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. Add to cart. Hinzufügen war nicht erfolgreich. Read an Excerpt Chapter (PDF) Preface (PDF) Table of Contents (PDF) Index (PDF) Description . Theory is illustrated with practical application. Wählen Sie eine Sprache für Ihren Einkauf. Wählen Sie die Kategorie aus, in der Sie suchen möchten. Prime-Mitglieder genießen Zugang zu schnellem und kostenlosem Versand, tausenden Filmen und Serienepisoden mit Prime Video und vielen weiteren exklusiven Vorteilen. Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice opens with an informative introduction to credit analysis, credit portfolio management, and a number of organizational issues associated with ACPM in practice. Geben Sie es weiter, tauschen Sie es ein, © 1998-2020, Amazon.com, Inc. oder Tochtergesellschaften, Active Credit Portfolio Management in Practice, Übersetzen Sie alle Bewertungen auf Deutsch, Lieferung verfolgen oder Bestellung anzeigen, Recycling (einschließlich Entsorgung von Elektro- & Elektronikaltgeräten). Kai Rudolph is Senior Credit Portfolio Manager at Credit Suisse in Zurich. She holds a MSc in mathematics from the Federal Institute of Technology (ETH) in Zurich and a PhD in numerical analysis from the University of Basel. Stöbern Sie jetzt durch unsere Auswahl beliebter Bücher aus verschiedenen Genres wie Krimi, Thriller, historische Romane oder Liebesromane. Finden Sie alle Bücher, Informationen zum Autor, State-of-the-art techniques and tools needed to facilitate effective credit portfolio management and robust quantitative credit analysis, Diesen Roman kann man nicht aus der Hand legen…. Ich möchte dieses Buch auf dem Kindle lesen. Since 2005 he has worked in Credit Suisse's Credit Portfolio Management unit.Dr. Active Credit Portfolio Management von Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser (ISBN 978-3-527-50198-4) bestellen. The goal of this active credit portfolio management (ACPM) approach is to achieve a risk-return optimal portfolio composition instead of pursuing the conventional transaction-oriented approach, whereby bank loans are statically held until maturity or default. It equips you with the tools and techniques needed for success in your own credit portfolio management. The authors have written a text that is technical enough both in terms of background and implementation to cover what practitioners and researchers need for actually applying these types of risk management tools in large organizations but which at the same time, avoids technical proofs in favor of real applications. The ACPM approach enables a more profitable management of credit risks, based on a risk/return-oriented active management of tailor-made hedging and investment measures with a focus on economic risk transfer, diversification, capital efficiency and profitable leverage. Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. 149 6.2.2 Economic Treatment of Hedging and Securitizations . 8 Agenda What is credit portfolio management and why is it important Quantitative risk models The basic parameters of credit risk models and financial institutions’ capital requirements. His main duties are the evaluation and implementation of value adding risk transfer measures for optimising the credit portfolio's risk/return profile. Active Credit Portfolio Management A Practical Guide to Credit Risk Management Strategies by Jochen Felsenheimer, Philip Gisdakis and Michael Zaiser Product code: 23107 ISBN: 3527501983, ISBN13: 9783527501984, 582 pages, hardback Published by John Wiley & Sons, 1st edition, 2005 Description of… an der Kasse variieren. Written by a team of authors working in Credit Suisse's Credit Portfolio Management Unit in Zurich, this book offers you invaluable real-life insights into this developing area of credit portfolio management.It presents you with the latest thinking about ACPM, starting with a discussion of the various organisational frameworks and potential mandates for an ACPM unit, explaining mathematical concepts underlying portfolio management activities, elaborating investment and hedging cases and corresponding business cases and finally ending with fresh thoughts on the so-called 'cost-to-securitise' as a valuable component in a pricing framework for illiquid credit risks. Additional information—including source code—is located on the authors' companion Web site: www.creditrisklib.com. The book does a good job in explaining both the theoretical and practical part of credit risk modelling, Rezension aus den Vereinigten Staaten vom 2. Quantity: Select type: Hardcover. Sie hören eine Hörprobe des Audible Hörbuch-Downloads. 581 pages . Momentanes Problem beim Laden dieses Menüs. Leider ist ein Problem beim Speichern Ihrer Cookie-Einstellungen aufgetreten. APM aims to reduce the likelihood of very high loan losses in any year due to concentration of risks. For liquid credit risks, market-leading banks have already moved away from the classical buy-and-hold paradigm towards Active Credit Portfolio Management (ACPM). Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. Invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. Click here. As active participants in each of these markets, credit portfolio managers today are frequently facing a variety of issues for the first time. The introduction of the euro in 1999 marked the starting point of the development of a … 0. Read an Excerpt . Außerdem analysiert es Rezensionen, um die Vertrauenswürdigkeit zu überprüfen. Write your review . Today, this trend also applies to semi-liquid and even illiquid credit portfolios. He holds a Master of Business Research, MBR and a PhD in Finance from the Munich School of Management. Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. This hands-on guide provides you with: a set of goals and measurable achievements for your ACPM efforts; a solid self-contained quantitative toolkit needed for your daily business of credit portfolio management, applicable to portfolio analysis as well as in hedging and investment decision-making; a range of techniques used by major banks in modern credit portfolio management including new and not widely known techniques such as a pricing component based on the so-called 'cost-to-securitise'; learning points including challenges and 'words of caution' based on real-life experience gained by the team of authors in their daily business; tips for dealing with common problems associated with active credit portfolio management; special guidance on the treatment of illiquid credit portfolios; and, an outlook regarding potential future expectations of ACPM.This book is recommended reading for anyone actively managing credit portfolios, especially portfolio managers in banks and other financial institutions such as insurance companies and funds. eBook Details. Prior to that he was responsible for Structured Finance Analytics (CDOs, ABS, RMBS, etc.) Prior to joining Credit Suisse in 2005 he worked for the Department of Banking at the University of Munster where he examined in his dissertation the impact of bargaining power in financial contracting. 6 Personen fanden diese Informationen hilfreich, provides amazing insights into credit risk, Rezension aus den Vereinigten Staaten vom 11. This book carefully lays the background for these topics (and some others). It equips you with the tools and techniques needed for success in your own credit portfolio management. As a result, credit risk trading and credit por Wählen Sie eine Sprache für Ihren Einkauf. The ACPM approach enables a more profitable management of credit risks, based on a risk/return-oriented active management of tailor-made hedging and investment measures with a focus on economic risk transfer, diversification, capital efficiency and profitable leverage. September 2010. As a result, the concept of “active portfolio credit risk management” has become important in recent years. A Guide to Active Credit Portfolio Management: Spotlight on Illiquid Credit Risks, (Englisch) Gebundene Ausgabe – 31. And since differentiating the usefulness of models is key to effective system implementation, Bohn and Stein have dedicated an entire chapter to model validation. ISBN: 978-3-527-50198-4 March 2006 581 Pages. Despite numerous advances in the world of credit—ranging from new methods for analyzing, managing, and trading credit risk to innovations in the structure of and markets for bank loans, bonds, and credit derivatives—there is still much room for improvement. This case study is drawn from a number of the actual implementations Bohn and Stein have participated in, and highlights the range of issues that often go beyond just choosing models when rolling out these systems in practice. They then demonstrate how all of these pieces come together as they address practical strategies for credit portfolio modeling by focusing on estimating correlation and credit loss distributions. We'll publish them on our site once we've reviewed them. Read Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies book reviews & author details and more at Amazon.in. Active Credit Portfolio Management in Practice (Wiley Finance Editions), (Englisch) Gebundene Ausgabe – 21. March 2006. It equips you with the tools and techniques needed for success in your own credit portfolio management. Active Credit Portfolio Management in Practice presents a framework for understanding and selectively implementing effective credit risk management and credit portfolio management systems—one which can help organizations better position themselves in this evolving environment. This book will also serve as a valuable reference for academics interested in current developments in ACPM. Stattdessen betrachtet unser System Faktoren wie die Aktualität einer Rezension und ob der Rezensent den Artikel bei Amazon gekauft hat. August 2008, Beliebte Taschenbuch-Empfehlungen des Monats. Zugelassene Drittanbieter verwenden diese Tools auch in Verbindung mit der Anzeige von Werbung durch uns. Dieser Artikel kann nicht per 1-Click® bestellt werden. November 2016, Amazing book and the best part is learning this stuff right from the author/professor at NYU. Active Credit Portfolio Management - A Practical Guide To Credit Risk Management Strategies By: Felsenheimer, Jochen; Gisdakis, Philip; Zaiser, Michael. Availability: On order, usually ships in 3-7 business days. In particular, each chapter ends with review questions and exercises. Review feedback? ISBN: 978-3-527-50198-4. He recently coauthored a book on instruments and methods for credit risk transfer.Dr. Further to his PhD he holds a MSc in Economics and Finance from the Warwick Business School and a Diploma in Economics from the University of Konstanz.Dr. (in Deutschland bis 31.12.2020 gesenkt). Before he joined Credit Suisse in 2005 he was a project manager and a physics group leader at CERN in Geneva.Dr. Portfolio management involves selecting and overseeing a group of investments that meet a client's long-term financial objectives and risk tolerance. Description. Um die Gesamtbewertung der Sterne und die prozentuale Aufschlüsselung nach Sternen zu berechnen, verwenden wir keinen einfachen Durchschnitt. Credit Portfolio Management is a topical text on approaches to the active management of credit risks. Active Credit Portfolio Management in Practice. Credit Portfolio Management (CPM) denotes a set of principles, tools, processes that underpin the management of Credit Portfolios (collections of credit assets). State-of-the-art techniques and tools needed to facilitate effective credit portfolio management and robust quantitative credit analysis Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. He holds a diploma and a PhD in mathematics and co-authored three text books on credit risk modelling and structured credit products.Jens Erler is Senior Credit Portfolio Manager at Credit Suisse. and credit portfolio management – across loan, bond and credit derivative markets – is increasingly complex. Active Credit Portfolio Management in Practice presents a framework for understanding and selectively implementing effective credit risk management and credit portfolio management systems—one which can help organizations better position themselves in this evolving environment. Momentanes Problem beim Laden dieses Menüs. You submitted the following rating and review. Stattdessen betrachtet unser System Faktoren wie die Aktualität einer Rezension und ob der Rezensent den Artikel bei Amazon gekauft hat. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies. Außerdem analysiert es Rezensionen, um die Vertrauenswürdigkeit zu überprüfen. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies. The authors' Website provides additional software tools in the form of Excel spreadsheets, Matlab code and S-Plus code. In passive management, investors expect a return that closely replicates the investment weighting and returns of a benchmark index and will often invest in an index fund Ihre zuletzt angesehenen Artikel und besonderen Empfehlungen. The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350bn with respect to outstanding corporate bonds. Wir verwenden Cookies und ähnliche Tools, um Ihr Einkaufserlebnis zu verbessern, um unsere Dienste anzubieten, um zu verstehen, wie die Kunden unsere Dienste nutzen, damit wir Verbesserungen vornehmen können, und um Werbung anzuzeigen. Hinzufügen war nicht erfolgreich. ACPM implementation has its challenges but by leveraging Basel II implementation efforts, banks can … Dr. Fredrik Akesson heads the Credit Portfolio Analytics team at Credit Suisse in Zurich since mid of 2008. Januar 2013. Bohn and Stein are two of the great innovators in quantitative credit risk, who translated theory into commercial implementation and introduced many of the measurement and validation methods currently used in practice today. 6 Active Credit Portfolio Management 147 6.1 Primary Market for Credit Risk 148 6.2 Secondary Market for Credit Risk 149 6.2.1 Regulatory Treatment of Hedging and Securitizations . Wählen Sie ein Land/eine Region für Ihren Einkauf. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. The concept of “ active Portfolio Management unit of Credit risks, market-leading banks have moved... Sie jetzt alle Amazon Prime-Vorteile, verwenden wir keinen einfachen Durchschnitt of franchise angesehen haben, finden Sie Kundenrezensionen. Also an intuitive treatment of reduced form models investing debates is over the relative merits of active Credit Management... 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Their teams have developed are in use in hundreds of large and small financial institutions without the infrastructure to,! Credit risk departments at Bayerische Landesbank in Munich investments that meet a client 's long-term financial objectives and managers. In Theoretical physics at the Black Forest University Villingen-Schwenningen and is a valuable reference for academics interested in current in! Problem beim Speichern Ihrer Cookie-Einstellungen aufgetreten intuitive treatment of reduced form models Click here to rate or review this.... Run the risk of sudden and large Credit losses large and small financial institutions without the infrastructure to,! Berechnen, verwenden wir keinen einfachen Durchschnitt Management ” has become important in recent years Management... Of Credit risk, Rezension aus den Vereinigten Staaten vom 11 diese tools auch in Verbindung mit der von... 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active credit portfolio management

He holds a diploma in business mathematics from the University of Leipzig.Dr. He started his banking career in the Credit Risk Analytics department of Deutsche Bank. Schnelle Lieferung, auch auf Rechnung - lehmanns.de Zugelassene Drittanbieter verwenden diese Tools auch in Verbindung mit der Anzeige von Werbung durch uns. Viele übersetzte Beispielsätze mit "active portfolio management" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. Prior to his position at Credit Suisse he worked in market risk and credit risk departments at Bayerische Landesbank in Munich. He holds a diploma in physics and a PhD in theoretical physics from the University of Mainz.Christoph Muller heads the Credit Portfolio Consulting Team at Credit Suisse in Zurich. Geben Sie es weiter, tauschen Sie es ein, © 1998-2020, Amazon.com, Inc. oder Tochtergesellschaften. This book presents state-of-the-art techniques and tools that are needed to facilitate effective credit portfolio management and robust quantitative credit analysis. For liquid credit risks, market-leading banks have already moved away from the classical buy-and-hold paradigm towards Active Credit Portfolio Management (ACPM). He finished his Diploma in Theoretical Physics at the University of Karlsruhe and holds a PhD in Mathematics from the University of Bochum. hyporealestate.com Kreditportfolio- Management Kreditportfolio-Management is t einer der wesentlichen Eckpunkte innerhalb des Kreditris ik o-Managements . The book also contains supplemental material to complement it and facilitate its use for either classroom instruction or self-study. On the other hand, banks that are moving to ACPM will improve their competitiveness and value of franchise. Written by a team of authors working in Credit Suisse's Credit Portfolio Management Unit in Zurich, this book offers you invaluable real-life insights into this developing area of credit portfolio management.It presents you with the latest thinking about ACPM, starting with a discussion of the various organisational frameworks and potential mandates for an ACPM unit, explaining mathematical concepts underlying portfolio management activities, elaborating investment and hedging cases and corresponding business cases and finally ending with fresh thoughts on the so-called 'cost-to-securitise' as a valuable component in a pricing framework for illiquid credit risks. He started as a credit analyst for regional banks in Germany. With almost twenty years of experience in the credit arena, authors Jeffrey Bohn and Roger Stein are well versed in both the theory and practice of active credit portfolio management (ACPM). Amazon.in - Buy Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies book online at best prices in India on Amazon.in. Mar 2006. 1. by on November 14, 2020. Es liegen 0 Rezensionen und 0 Bewertungen aus Deutschland vor, Entdecken Sie jetzt alle Amazon Prime-Vorteile. Nur noch 1 auf Lager (mehr ist unterwegs). Jeffrey R. Bohn, PhD (Tokyo Japan, and San Francisco,CA) leads the Financial Strategies group at Shinsei Bank in Tokyo. It will be of interest to anyone involved in credit management including credit traders in investment banks and risk managers. Bücher bei Weltbild.de: Jetzt Active Credit Portfolio Management von Jochen Felsenheimer versandkostenfrei bestellen bei Weltbild.de, Ihrem Bücher-Spezialisten! Finden Sie hilfreiche Kundenrezensionen und Rezensionsbewertungen für Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies auf Amazon.de. I enrolled in a class last minute and needed this book within a week. Bernd Hofmann is Senior Credit Portfolio Manager in the Credit Portfolio Consulting group of Credit Risk Management at Credit Suisse (CS) in Zurich. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. ISBN: 978-3-527-50198-4. One of the longest-standing investing debates is over the relative merits of active portfolio management versus passive management. The authors then move on to discuss a variety of probability of default (PD) and valuation models used in credit portfolio management systems—including structural, econometric, and reduced-form—as well as exploring some practical approaches to modeling loss given default (LGD). Thus, banks for which the frontiers of credit risk management end at Basel II implementation will fail to take advantage of active diversification afforded by portfolio models. Christian Bluhm heads the Credit Portfolio Management unit of Credit Suisse's Credit Risk Management department in Zurich. Anna Schneebeli is Senior Credit Portfolio Manager in the Credit Portfolio Analytics group of Credit Risk Management at Credit Suisse in Zurich. This book draws from the wealth of their experience and knowledge and is a masterful overview of single obligor default probability models (structural, econometric, reduced form), model validation, and portfolio models. Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. In 1997, he started in the financial sector and changed to the credit methodology division at Deutsche Bank in 1999 where his main duties comprised portfolio modelling and structured credit products. Juni 2011. With an actively managed portfolio, a manager tries to beat the performance of a given benchmark index by using his or her judgment in selecting individual securities and deciding when to buy and sell them. Nachdem Sie Produktseiten oder Suchergebnisse angesehen haben, finden Sie hier eine einfache Möglichkeit, diese Seiten wiederzufinden. I bought it and then e-mailed the owner to see if I would be able to get it asap. Active Credit Portfolio Management (ACPM) 16 Framework at 30,000 Feet 19 Building Blocks of Portfolio Risk 23 Using PDs in Practice 32 Value, Price, and Spread 34 Defining Default 38 Portfolio'Performance Metrics 38 Data and Data Systems 42 Review Questions 43 CHAPTER 2 ACPM in Practice 45 Bank Valuation # 50 Organizing Financial Institutions: Dividing into Two Business Lines 52 … Prime-Mitglieder genießen Zugang zu schnellem und kostenlosem Versand, tausenden Filmen und Serienepisoden mit Prime Video und vielen weiteren exklusiven Vorteilen. Previously, he co-led Moody's KMV's (MKMV's) Global Research group and led MKMV's Credit Strategies group. OK, close 0. Bitte versuchen Sie es erneut. Carsten Knecht is Senior Credit Portfolio Manager in the Credit Portfolio Analytics group of Credit Risk Management at Credit Suisse (CS) in Zurich. 581 pages. Buy Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies by Felsenheimer, Jochen, Gisdakis, Philip, Zaiser, Michael (ISBN: 9783527501984) from Amazon's Book Store. Weitere Informationen finden Sie auf dieser Seite: Nachdem Sie Produktseiten oder Suchergebnisse angesehen haben, finden Sie hier eine einfache Möglichkeit, diese Seiten wiederzufinden. CAD $239.00. There is also an intuitive treatment of reduced form models. Weitere. In Stock. Throughout this book, readers will be introduced to the theoretical foundations of this discipline, and learn about structural, reduced-form, and econometric models successfully used in the market today.The book is full of hands-on examples and anecdotes. He holds a diploma in physics and a PhD in high energy physics from the university of Bonn. Financial institutions without the infrastructure to measure, monitor, and manage their credit exposure run the risk of sudden and large credit losses. Wählen Sie die Kategorie aus, in der Sie suchen möchten. practicing active credit portfolio management, there is not a singular business model employed by the various types of financial institutions who have developed credit portfolio management groups. The final chapter puts all of these topics in perspective, by presenting a case study of a bank implementing the tools to build an ACPM and economic capital allocation function. From the Back Cover . Active credit portfolio management started to accelerate really about [four] years ago with the development of the credit derivatives market…” quote: RISK Magazine, May 2006. Before joining Credit Suisse in 2004 he worked for three years in the Credit Portfolio Management group at UBS AG in Zurich. Wiederholen Sie die Anforderung später noch einmal. Je nach Lieferadresse kann die USt. Etwas ist schiefgegangen. Bitte versuchen Sie es erneut. Filled with in-depth insights and expert advice, "Active Credit Portfolio Management in Practice" serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. April 2009, Insightful, encyclopedic reference from two market innovators, Rezension aus den Vereinigten Staaten vom 7. Active management (also called active investing) refers to a portfolio management strategy where the manager makes specific investments with the goal of outperforming an investment benchmark index or target return. Active Portfolio Credit Risk Management The credit markets have experienced phenomenal growth and change in the 1980’s and 1990’s, and there is every reason to expect that this trend will continue in the next decade. Leider ist ein Problem beim Speichern Ihrer Cookie-Einstellungen aufgetreten. Credit portfolio management Credit portfolio management is particularly important within the framework of credit risk management. Lieferung verfolgen oder Bestellung anzeigen, Recycling (einschließlich Entsorgung von Elektro- & Elektronikaltgeräten). Its content comprises of three main parts: The framework for managing credit risks, Active Credit Portfolio Management in practice and Hedging techniques and toolkits. There was a quick response and I had the item in hand within 5 days. It equips you with the tools and techniques needed for success in your own credit portfolio management. Um die Gesamtbewertung der Sterne und die prozentuale Aufschlüsselung nach Sternen zu berechnen, verwenden wir keinen einfachen Durchschnitt. Wählen Sie ein Land/eine Region für Ihren Einkauf. The book is in excellent condition. CREDIT PORTFOLIO MANAGEMENT AT THE TAIL END OF THE CREDIT CYCLE SURVEY GOAL IACPM Members share their views on the state of CPM today, their priorities, goals and objectives, and how the practice is evolving and expanding in terms of structure, reporting, tools and its role in the enterprise. The models and systems their teams have developed are in use in hundreds of large and small financial institutions worldwide. Active Credit Portfolio Management. Today, this trend also applies to semi-liquid and even illiquid credit portfolios. in HypoVereinsbank's Group Credit Portfolio Management in Munich. Preise inkl. USt. Active Credit Portfolio Management in Practice: Epub Edition (Wiley Finance) | | ISBN: 9780470455128 | Kostenloser Versand für alle Bücher mit Versand und Verkauf duch Amazon. Rezension aus den Vereinigten Staaten vom 17. He finished his Diploma in Business Administration at the Black Forest University Villingen-Schwenningen and is a CFA Charterholder.Dr. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies | Felsenheimer, Jochen, Gisdakis, Philip, Zaiser, Michael | ISBN: 9783527501984 | Kostenloser Versand für alle Bücher mit Versand und Verkauf duch Amazon. Ihre zuletzt angesehenen Artikel und besonderen Empfehlungen. Wir verwenden Cookies und ähnliche Tools, um Ihr Einkaufserlebnis zu verbessern, um unsere Dienste anzubieten, um zu verstehen, wie die Kunden unsere Dienste nutzen, damit wir Verbesserungen vornehmen können, und um Werbung anzuzeigen. Reader Ratings: (0 reviews) >>> Click here to rate or review this item. Free delivery on qualified orders. Wiley Finance (Book 384) Thanks for Sharing! by Jeffrey R. Bohn,Roger M. Stein. Stefan BenvegnA' heads the Portfolio Credit Risk Measurement & Steering sector at Credit Suisse in Zurich. Bitte versuchen Sie es erneut. Hardcover $200.00. Lesen Sie ehrliche und unvoreingenommene Rezensionen von unseren Nutzern. Everyday low prices and free delivery on eligible orders. Entdecken Sie jetzt alle Amazon Prime-Vorteile. Bitte versuchen Sie es erneut. Sie hören eine Hörprobe des Audible Hörbuch-Downloads. The book is a valuable, up to date guide for portfolio management practitioners. Credit portfolio management (CPM) is a key function for banks (and other financial institutions, including insurers and institutional investors) with large, multifaceted portfolios of credit, often including illiquid loans. Before that he worked in mathematical research at different Universities in Germany and at Cornell University in New York. Active Credit Portfolio Management can be defined as the technique that allows risk managers to measure returns against credit risk taken, enabling them to fine tune portfolios to match credit risk appetites as well as optimising risk/ return ratios. The defining characteristic of credit portfolio management activities is that Credit Riskis assessed and managed not on a standalone basis but in an aggregate, portfolio, setting. In Stock Hardcover CAD $239.00. Active Credit Portfolio Management in Practice "This is an excellent book written by two authors who have a wealth of credit modeling experience." Our Price: $175.00. It is a rich comfortable read for those with some exposure but wanting insight into the what and why of these models. Nevertheless, the chapters are structured in such a way that readers currently lacking a background in portfolio management or credit risk will quickly get to grips with these topics. In this detailed field guide, they lay out the steps for actually implementing approaches to ACPM in today's dynamic business environment and discuss how financial institutions of all sizes can benefit from more prudent use of quantitative credit and portfolio management. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. Add to cart. Hinzufügen war nicht erfolgreich. Read an Excerpt Chapter (PDF) Preface (PDF) Table of Contents (PDF) Index (PDF) Description . Theory is illustrated with practical application. Wählen Sie eine Sprache für Ihren Einkauf. Wählen Sie die Kategorie aus, in der Sie suchen möchten. Prime-Mitglieder genießen Zugang zu schnellem und kostenlosem Versand, tausenden Filmen und Serienepisoden mit Prime Video und vielen weiteren exklusiven Vorteilen. Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice opens with an informative introduction to credit analysis, credit portfolio management, and a number of organizational issues associated with ACPM in practice. Geben Sie es weiter, tauschen Sie es ein, © 1998-2020, Amazon.com, Inc. oder Tochtergesellschaften, Active Credit Portfolio Management in Practice, Übersetzen Sie alle Bewertungen auf Deutsch, Lieferung verfolgen oder Bestellung anzeigen, Recycling (einschließlich Entsorgung von Elektro- & Elektronikaltgeräten). Kai Rudolph is Senior Credit Portfolio Manager at Credit Suisse in Zurich. She holds a MSc in mathematics from the Federal Institute of Technology (ETH) in Zurich and a PhD in numerical analysis from the University of Basel. Stöbern Sie jetzt durch unsere Auswahl beliebter Bücher aus verschiedenen Genres wie Krimi, Thriller, historische Romane oder Liebesromane. Finden Sie alle Bücher, Informationen zum Autor, State-of-the-art techniques and tools needed to facilitate effective credit portfolio management and robust quantitative credit analysis, Diesen Roman kann man nicht aus der Hand legen…. Ich möchte dieses Buch auf dem Kindle lesen. Since 2005 he has worked in Credit Suisse's Credit Portfolio Management unit.Dr. Active Credit Portfolio Management von Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser (ISBN 978-3-527-50198-4) bestellen. The goal of this active credit portfolio management (ACPM) approach is to achieve a risk-return optimal portfolio composition instead of pursuing the conventional transaction-oriented approach, whereby bank loans are statically held until maturity or default. It equips you with the tools and techniques needed for success in your own credit portfolio management. The authors have written a text that is technical enough both in terms of background and implementation to cover what practitioners and researchers need for actually applying these types of risk management tools in large organizations but which at the same time, avoids technical proofs in favor of real applications. The ACPM approach enables a more profitable management of credit risks, based on a risk/return-oriented active management of tailor-made hedging and investment measures with a focus on economic risk transfer, diversification, capital efficiency and profitable leverage. Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. 149 6.2.2 Economic Treatment of Hedging and Securitizations . 8 Agenda What is credit portfolio management and why is it important Quantitative risk models The basic parameters of credit risk models and financial institutions’ capital requirements. His main duties are the evaluation and implementation of value adding risk transfer measures for optimising the credit portfolio's risk/return profile. Active Credit Portfolio Management A Practical Guide to Credit Risk Management Strategies by Jochen Felsenheimer, Philip Gisdakis and Michael Zaiser Product code: 23107 ISBN: 3527501983, ISBN13: 9783527501984, 582 pages, hardback Published by John Wiley & Sons, 1st edition, 2005 Description of… an der Kasse variieren. Written by a team of authors working in Credit Suisse's Credit Portfolio Management Unit in Zurich, this book offers you invaluable real-life insights into this developing area of credit portfolio management.It presents you with the latest thinking about ACPM, starting with a discussion of the various organisational frameworks and potential mandates for an ACPM unit, explaining mathematical concepts underlying portfolio management activities, elaborating investment and hedging cases and corresponding business cases and finally ending with fresh thoughts on the so-called 'cost-to-securitise' as a valuable component in a pricing framework for illiquid credit risks. Additional information—including source code—is located on the authors' companion Web site: www.creditrisklib.com. The book does a good job in explaining both the theoretical and practical part of credit risk modelling, Rezension aus den Vereinigten Staaten vom 2. Quantity: Select type: Hardcover. Sie hören eine Hörprobe des Audible Hörbuch-Downloads. 581 pages . Momentanes Problem beim Laden dieses Menüs. Leider ist ein Problem beim Speichern Ihrer Cookie-Einstellungen aufgetreten. APM aims to reduce the likelihood of very high loan losses in any year due to concentration of risks. For liquid credit risks, market-leading banks have already moved away from the classical buy-and-hold paradigm towards Active Credit Portfolio Management (ACPM). Jochen Felsenheimer, Philip Gisdakis, Michael Zaiser. Invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. Click here. As active participants in each of these markets, credit portfolio managers today are frequently facing a variety of issues for the first time. The introduction of the euro in 1999 marked the starting point of the development of a … 0. Read an Excerpt . Außerdem analysiert es Rezensionen, um die Vertrauenswürdigkeit zu überprüfen. Write your review . Today, this trend also applies to semi-liquid and even illiquid credit portfolios. He holds a Master of Business Research, MBR and a PhD in Finance from the Munich School of Management. Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. This hands-on guide provides you with: a set of goals and measurable achievements for your ACPM efforts; a solid self-contained quantitative toolkit needed for your daily business of credit portfolio management, applicable to portfolio analysis as well as in hedging and investment decision-making; a range of techniques used by major banks in modern credit portfolio management including new and not widely known techniques such as a pricing component based on the so-called 'cost-to-securitise'; learning points including challenges and 'words of caution' based on real-life experience gained by the team of authors in their daily business; tips for dealing with common problems associated with active credit portfolio management; special guidance on the treatment of illiquid credit portfolios; and, an outlook regarding potential future expectations of ACPM.This book is recommended reading for anyone actively managing credit portfolios, especially portfolio managers in banks and other financial institutions such as insurance companies and funds. eBook Details. Prior to that he was responsible for Structured Finance Analytics (CDOs, ABS, RMBS, etc.) Prior to joining Credit Suisse in 2005 he worked for the Department of Banking at the University of Munster where he examined in his dissertation the impact of bargaining power in financial contracting. 6 Personen fanden diese Informationen hilfreich, provides amazing insights into credit risk, Rezension aus den Vereinigten Staaten vom 11. This book carefully lays the background for these topics (and some others). It equips you with the tools and techniques needed for success in your own credit portfolio management. As a result, credit risk trading and credit por Wählen Sie eine Sprache für Ihren Einkauf. The ACPM approach enables a more profitable management of credit risks, based on a risk/return-oriented active management of tailor-made hedging and investment measures with a focus on economic risk transfer, diversification, capital efficiency and profitable leverage. September 2010. As a result, the concept of “active portfolio credit risk management” has become important in recent years. A Guide to Active Credit Portfolio Management: Spotlight on Illiquid Credit Risks, (Englisch) Gebundene Ausgabe – 31. And since differentiating the usefulness of models is key to effective system implementation, Bohn and Stein have dedicated an entire chapter to model validation. ISBN: 978-3-527-50198-4 March 2006 581 Pages. Despite numerous advances in the world of credit—ranging from new methods for analyzing, managing, and trading credit risk to innovations in the structure of and markets for bank loans, bonds, and credit derivatives—there is still much room for improvement. This case study is drawn from a number of the actual implementations Bohn and Stein have participated in, and highlights the range of issues that often go beyond just choosing models when rolling out these systems in practice. They then demonstrate how all of these pieces come together as they address practical strategies for credit portfolio modeling by focusing on estimating correlation and credit loss distributions. We'll publish them on our site once we've reviewed them. Read Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies book reviews & author details and more at Amazon.in. Active Credit Portfolio Management in Practice (Wiley Finance Editions), (Englisch) Gebundene Ausgabe – 21. March 2006. It equips you with the tools and techniques needed for success in your own credit portfolio management. Active Credit Portfolio Management in Practice presents a framework for understanding and selectively implementing effective credit risk management and credit portfolio management systems—one which can help organizations better position themselves in this evolving environment. This book will also serve as a valuable reference for academics interested in current developments in ACPM. Stattdessen betrachtet unser System Faktoren wie die Aktualität einer Rezension und ob der Rezensent den Artikel bei Amazon gekauft hat. August 2008, Beliebte Taschenbuch-Empfehlungen des Monats. Zugelassene Drittanbieter verwenden diese Tools auch in Verbindung mit der Anzeige von Werbung durch uns. Dieser Artikel kann nicht per 1-Click® bestellt werden. November 2016, Amazing book and the best part is learning this stuff right from the author/professor at NYU. Active Credit Portfolio Management - A Practical Guide To Credit Risk Management Strategies By: Felsenheimer, Jochen; Gisdakis, Philip; Zaiser, Michael. Availability: On order, usually ships in 3-7 business days. In particular, each chapter ends with review questions and exercises. Review feedback? ISBN: 978-3-527-50198-4. He recently coauthored a book on instruments and methods for credit risk transfer.Dr. Further to his PhD he holds a MSc in Economics and Finance from the Warwick Business School and a Diploma in Economics from the University of Konstanz.Dr. (in Deutschland bis 31.12.2020 gesenkt). Before he joined Credit Suisse in 2005 he was a project manager and a physics group leader at CERN in Geneva.Dr. Portfolio management involves selecting and overseeing a group of investments that meet a client's long-term financial objectives and risk tolerance. Description. Um die Gesamtbewertung der Sterne und die prozentuale Aufschlüsselung nach Sternen zu berechnen, verwenden wir keinen einfachen Durchschnitt. Credit Portfolio Management is a topical text on approaches to the active management of credit risks. Active Credit Portfolio Management in Practice. Credit Portfolio Management (CPM) denotes a set of principles, tools, processes that underpin the management of Credit Portfolios (collections of credit assets). State-of-the-art techniques and tools needed to facilitate effective credit portfolio management and robust quantitative credit analysis Filled with in-depth insights and expert advice, Active Credit Portfolio Management in Practice serves as a comprehensive introduction to both the theory and real-world practice of credit portfolio management. He holds a diploma and a PhD in mathematics and co-authored three text books on credit risk modelling and structured credit products.Jens Erler is Senior Credit Portfolio Manager at Credit Suisse. and credit portfolio management – across loan, bond and credit derivative markets – is increasingly complex. Active Credit Portfolio Management in Practice presents a framework for understanding and selectively implementing effective credit risk management and credit portfolio management systems—one which can help organizations better position themselves in this evolving environment. Momentanes Problem beim Laden dieses Menüs. You submitted the following rating and review. Stattdessen betrachtet unser System Faktoren wie die Aktualität einer Rezension und ob der Rezensent den Artikel bei Amazon gekauft hat. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies. Außerdem analysiert es Rezensionen, um die Vertrauenswürdigkeit zu überprüfen. Active Credit Portfolio Management: A Practical Guide to Credit Risk Management Strategies. The authors' Website provides additional software tools in the form of Excel spreadsheets, Matlab code and S-Plus code. In passive management, investors expect a return that closely replicates the investment weighting and returns of a benchmark index and will often invest in an index fund Ihre zuletzt angesehenen Artikel und besonderen Empfehlungen. The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350bn with respect to outstanding corporate bonds. Wir verwenden Cookies und ähnliche Tools, um Ihr Einkaufserlebnis zu verbessern, um unsere Dienste anzubieten, um zu verstehen, wie die Kunden unsere Dienste nutzen, damit wir Verbesserungen vornehmen können, und um Werbung anzuzeigen. Hinzufügen war nicht erfolgreich. ACPM implementation has its challenges but by leveraging Basel II implementation efforts, banks can … Dr. Fredrik Akesson heads the Credit Portfolio Analytics team at Credit Suisse in Zurich since mid of 2008. Januar 2013. Bohn and Stein are two of the great innovators in quantitative credit risk, who translated theory into commercial implementation and introduced many of the measurement and validation methods currently used in practice today. 6 Active Credit Portfolio Management 147 6.1 Primary Market for Credit Risk 148 6.2 Secondary Market for Credit Risk 149 6.2.1 Regulatory Treatment of Hedging and Securitizations . Wählen Sie ein Land/eine Region für Ihren Einkauf. This work features invaluable real-life insights into the developing area of active credit portfolio management (ACPM) from a team of Credit Suisse authors. The concept of “ active Portfolio Management unit of Credit risks, market-leading banks have moved... Sie jetzt alle Amazon Prime-Vorteile, verwenden wir keinen einfachen Durchschnitt of franchise angesehen haben, finden Sie Kundenrezensionen. Also an intuitive treatment of reduced form models investing debates is over the relative merits of active Credit Management... 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