Capital Market Instruments: Analysis and Valuation

Moorad Choudhry is a vice-president in structured finance services with JPMorganChase in London. He previously traded gilts and money markets with ABN Amro Hoare Govett Sterling Bonds, and was a sterling proprietary trader at Hambros Bank. He is editor of the Journal of Bond Trading and Management, and is a senior Fellow at the Centre for Mathematical Trading and Finance, City University Business School. Didier Joannas is a regional director with SunGard Trading and Risk Systems in Hong Kong. He worked in the City of London as a quantitative analyst and arbitrage trader on the gilt-edged market-making desk at ABN Amro Hoare Govett Sterling Bonds and ABN Amro Securities (UK). Dr Joannas obtained his PhD from the University of Lyon St etienne in France, specializing in optimum design in aerodynamics. Richard Pereira is a member of the credit derivatives and securitisation team at Dresdner Kleinwort Wasserstein in London. He trained as a chartered accountant after gaining a first-class degree in mathematics from Imperial College, University of London. Rod Pienaar is a business analyst with Deutsche Bank in London, a member of the project group providing technical analysis to the corporate and investment banking division. He graduated in commerce and accounting from the University of Witwatersrand in South Africa, before working as a consultant specializing in market risk management.