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eISBN : 9781118467244

Sommaire : Preface
About the Author

1 Main Strategic Equity Derivative Instruments

1.1 Equity Forwards
1.2 Equity Swaps
1.3 Stock Lending and Borrowing
1.4 Call and Put Options
1.5 Dividend Swaps
1.6 Variance Swaps and Volatility Swaps

2 Equity Capital Markets Products

2.1 Main Equity Capital Markets Products
2.2 Initial Public Offerings
2.3 Case Study: Google's Dutch Auction IPO
2.4 Rights Issues (or Rights Offerings)
2.5 Rights Issues of Convertible Bonds
2.6 Accelerated Book-Buildings


3 Convertible Bonds and Mandatory Convertible Bonds

3.1 Introduction to Convertible Bonds
3.2 Who Buys Convertible Bonds?
3.3 Convertible Bonds: The Issuer Perspective
3.4 Case Study: Infineon's Convertible Bond
3.5 Delta Share Repurchase Strategy
3.6 Mandatory Convertible Bonds
3.7 Rationale for Issuing Mandatory Convertibles
3.8 Rationale for Investing in Mandatory Convertibles
3.9 Fixed Parity Mandatory Convertibles
3.10 Variable Parity Mandatory Convertibles
3.11 Dividend Enhanced Convertible Securities
3.12 Case Study: UBS's DECS
3.13 Special Clauses in Convertibles
3.14 Contingent Convertibles: FRESHES, CASHES and ECNS

4 Strategic Equity Transactions around Convertible/Exchangeable Bonds

4.1 Issuing an Exchangeable with a Third-party Guarantee
4.2 Issuing a Convertible Through a Third Party
4.3 Crystallizing a Gain in a Convertible Investment Through Warrants
4.4 Monetizing a Stake with an Exchangeable Plus a Put
4.5 Increasing Likelihood of Conversion with a Call Spread
4.6 Decreasing Likelihood of Conversion with a Call Spread
4.7 Double Issuance of Exchangeable Bonds
4.8 Buying Back Conversion Rights
4.9 Buying Back Convertible/Exchangeable Bonds
4.10 Pre-IPO Convertible Bonds

5 Hedging and Yield Enhancing Strategic Stakes

5.1 Hedging a Strategic Stake
5.2 Yield Enhancement of a Strategic Stake

6 Disposal of Strategic Stakes

6.1 Most Common Disposal Strategies
6.2 Deterministic Disposal Strategies
6.3 Enhanced Disposal Strategies
6.4 Derecognition Strategies
6.5 Combination of ABB and a Call Option/Exchangeable

7 Strategic Equity Derivatives in Mergers and Acquisitions

7.1 Keeping Voting Rights in Proxy Contests
7.2 Submitting Resolutions to an AGM
7.3 Increasing Likelihood of Success of a Merger Arbitrage Position
7.4 Avoiding Mandatory Offer Rules
7.5 Increasing Likelihood of Success of a Takeover

8 Stock Options Plans Hedging

8.1 Main Equity-based Compensation Plans
8.2 IFRS Accounting for Equity-based Compensation Plans
8.3 Case Study: ABC's ESOP and SAR
8.4 Main ESOP/SAR Hedging Strategies
8.5 HSBC's Performance Share Plan

9 Equity Financings

9.1 Case Study: Equity Collateralized Bond
9.2 Sale
9.3 Prepaid Forward
9.4 Repo Financing
9.5 Stock Loan Financing
9.6 Put Financing
9.7 Collared Financing
9.8 Revolving Margin Loan Facilities

10 Share Buybacks and Other Transactions on Treasury Shares

10.1 Open Market Repurchase Programs
10.2 Accelerated Repurchase Programs
10.3 VWAP-Linked Repurchase Programs
10.4 Prepaid Collared Repurchase Programs
10.5 Deep-in-the-money Call Purchase
10.6 Asian Call Purchase
10.7 Publicly Offered Repurchase Programs
10.8 Public Offer of Put Options
10.9 Private Sale of a Put Option
10.10 Acquisition of Shares with a Range Accrual
10.11 Other Transactions on Treasury Shares

11 Bank Regulatory Capital

11.1 An Overview of Basel III
11.2 Tier 1 Capital
11.3 Tier 2 Capital
11.4 Deductions from Common Equity Tier 1 Capital
11.5 Other Capital Buffers
11.6 Transitional Arrangements
11.7 Leverage Ratio
11.8 Liquidity Coverage Ratio
11.9 Net Stable Funding Ratio
11.10 Case Study: Calculation of Minority Interests
11.11 Case Study: Creating Minority Interests
11.12 Case Study: Reducing Risk Weighting
11.13 Case Study: Releasing Common Equity
11.14 Case Study: Reducing an Unconsolidated Financial Stake
11.15 Case Study: Commerzbank's Capital Structure Enhancement with Credit Suisse
Bibliography
Index

Langue : Anglais

Lieu d'édition : TORONTO

Localisation : Bibliothèque Campus de Nice

Support : Numérique

Etat : Présent

Propriétaire : Bibliothèque