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The Handbook of Corporate Financial Risk Management (2nd Edition)
Discipline: Corporate Risk, Operational Risk, Investing
First published:
How are the largest European non-financial companies managing their financial risks? How do you hedge financial risks? How do you determine which risks to hedge first, and which ones (if any) should be left unhedged? The Handbook of Corporate Financial Risk Management addresses these problems, providing a detailed guide to financial risks facing corporates.
This unique book, purely devoted to corporate risk management, is now in its second edition and greatly expanded. It contains 43 real-life case studies, 20 of which are new to the second edition.
Stanley Myint and Fabrice Famery (BNP Paribas) have based this book on 700+ client projects spanning over 14 years. The case studies draw on real-life industry experience and the challenges that treasurers and treasuries face every day.
Contents
Foreword
Introduction
Theory and Practice of Corporate Risk Management
Theory and Practice of Optimal Capital Structure
Introduction to Funding and Capital Structure
How to Obtain a Credit Rating
Refinancing Risk and Optimal Debt Maturity
Optimal Cash Position
Optimal Leverage
Introduction to Interest Rate and Inflation Risks
How to Develop an Interest Rate Risk Management Policy
How to Improve Your Fixed-Floating Mix and Duration
Interest Rates: The Most Efficient Hedging Product
Do You Need Inflation-linked Debt?
Prehedging Interest Rate Risk
Pension Fund Asset and Liability Management
Introduction to Currency Risk
How to Develop Currency Risk Management Policy
Translation or Transaction: Netting Currency Risks
Early Warning Signals
How to Hedge High Carry Currencies
Currency Risk on Covenants
Optimal Currency Composition of Debt 1: Protect Book Value
Optimal Currency Composition of Debt 2: Protect Leverage
Cyclicality of Currencies and Use of Options to Manage Credit Utilisation
Managing the Depegging Risk
Currency Risk in Luxury Goods
Introduction to Credit Risk
Counterparty Risk Methodology
Counterparty Risk Protection
Optimal Deposit Composition
Prehedging Credit Risk
xVA Optimisation
Introduction to M&A-related Risks
Risk Management for M&A
Deal-contingent Hedging
Introduction to Commodity Risk
Managing Commodity-linked Revenues and Currency Risk
Managing Commodity-linked Costs and Currency Risk
Commodity Input and Resulting Currency Risk
Offsetting Carbon Emissions
Introduction to Equity Risk
Hedging Dilution Risk
Hedging Deferred Compensation
Stake-building