Financial Institutions Week VII NOTES
Financial Institutions Week VII NOTES BU.231.710.W4.SP16
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This 2 page Class Notes was uploaded by Kwan on Tuesday May 3, 2016. The Class Notes belongs to BU.231.710.W4.SP16 at Johns Hopkins University taught by Roger Staiger in Spring 2016. Since its upload, it has received 30 views. For similar materials see Financial Institutions in Finance at Johns Hopkins University.
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Date Created: 05/03/16
Institutions VII Tuesday, May 3, 2016 14:57 LEC. 21st Century Real Estate/Derivatives Overview/Portfolio fundamentals/New Financial Products/Overview of Futures Contracts on Case-‐Shiller/Hedge Ratio Introduction Ø Current state of real estate Ø Asset class evolution since 2006 Ø Derivatives Overview (Futures/Forward/Options) Ø Everyone Trades Derivatives! (Qualitative Example) Portfolio fundamentals applied to real estate New Financial Products Ø Credit Default Swaps Ø Case-‐Shiller (Futures/Options) Overview of Futures Contracts on Case-‐Shiller Ø How Capital Markets are used for price discovery Ø Where to information 1. Investment (Financials) ▯ Asset held for investment purposes ▯ Stocks, Bonds, certain commodities 2. Consumption ▯ Asset held primarily for consumption ▯ Gas, Electricity, Corn, most commodities ▯ Not possible to determine Forward and Futures prices from spot price and other factors Credit Indices CDX ▯ Tracks credit spread for 125 investment grade North American Companies ABX ▯ Series of credit-‐default swaps based on 20 bonds that consist of subprime mortgages ▯ Four series with five tranches per series ▯ Tracks credit spread for 125 investment grade North American Companies ABX ▯ Series of credit-‐default swaps based on 20 bonds that consist of subprime mortgages ▯ Four series with five tranches per series iTraxx Europe ▯ Tracks credit spread for 125 investment grade European Companies
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