{"product_id":"9780470026380","title":"Structured Finance The Object Oriented Approach","description":"\u003ch3\u003eThe Wiley Finance Series\u003c\/h3\u003e\u003ch1\u003eStructured Finance\u003c\/h1\u003e\u003ch2\u003eThe Object Oriented Approach\u003c\/h2\u003e\u003ch3\u003eUmberto Cherubini | Giovanni Della Lunga\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003ci\u003eStructured Finance: The Object Orientated Approach\u003c\/i\u003e is aimed at both the finance and IT professionals involved in the structured finance business with the intention of sharing common concepts and language within the industry. The financial community (structurers, pricers and risk managers) view structured products as collections of objects under the so-called replicating portfolio paradigm. The IT community use object oriented programming (OOP) techniques to improve the software updating and maintenance process. For them structured products are collections of objects as well. Despite use of the same \u003cb\u003eobject\u003c\/b\u003e concept, it looks like communication between these different professional functions has been problematic. Recently, construction of standard data structures known as FpML has begun to lay out a common definition of objects, at least for plain vanilla derivatives, both between IT and financial people and across different market players. Along this line, this book builds upon the concept of \u003cb\u003eobject\u003c\/b\u003e to provide frontier treatment of structured finance issues relevant to both communities engaged in building, pricing and hedging products and people engaged in designing and up-dating the corresponding software.   \u003cp\u003eStructured Finance: The Object Orientated Approach will enable you to: \u003c\/p\u003e \u003cul\u003e \u003cli\u003edecompose a structured product in elementary constituent financial \u003cb\u003eobjects\u003c\/b\u003e and risk factors (replicating portfolio)\u003c\/li\u003e \u003cli\u003eunderstand the basics of object oriented programming (OOP) applied to the design of structured cash flows \u003cb\u003eobjects\u003c\/b\u003e\n\u003c\/li\u003e \u003cli\u003ebuild your own \u003cb\u003eobjects\u003c\/b\u003e and to understand FpML data structures available for standard products\u003c\/li\u003e \u003cli\u003egauge risk exposures of the \u003cb\u003eobjects\u003c\/b\u003e in structured products to: risk factors, their volatilities and the correlation among them (which factor are you long\/short? Are you long\/short volatility? Are you long\/short correlation?)\u003c\/li\u003e \u003cli\u003eupdate your risk management system to accommodate structured products with non linear exposures and to design \u003cb\u003eobjects\u003c\/b\u003e to represent, price and hedge, counterparty risk \u003c\/li\u003e \u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cb\u003eUMBERTO CHERUBINI\u003c\/b\u003e is Professor of Financial Mathematics at the University of Bologna. He is fellow of the Financial Econometrics Research Center (FERC), University of Warwick and Ente Einaudi, Bank of Italy. He teaches risk management programs for professionals at the Italian Banking Association, and does consulting work with Prometeia, an Italian firm specialized in research and consultancy in economics and finance. He has published in international journals in economics and finance and has co-written the book \u003ci\u003eCopula Methods in Finance\u003c\/i\u003e (published in 2004 by John Wiley).  \u003cp\u003e\u003cb\u003eGIOVANNI DELLA LUNGA\u003c\/b\u003e is responsible for Market Risk Methodologies at Prometeia, an Italian firm specialized in research and consultancy in economics and finance. He teaches Finance and Computer Programming at University of Insubria (Varese, Italy) and has published in international journal in physics and chemistry.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e12 June 2007\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9780470026380\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eMultiple \/ component \/ retail \/ product \/ part \/ s\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e304\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e24.48\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44388988551308,"sku":"9780470026380","price":124.2,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780470026380_d00b2a6d-5046-4c2b-968a-13c0c2209e3e.jpg?v=1780158880","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780470026380","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}