Summary |
To understand the motivations behind ART-many of which appear to be tied to the search by firms for optimal capital structure-Culp then probes the most interesting ART transactions to date by exploring their impact on the capital structure of many actual companies.
This comprehensive guide also provides a valuable overview of the risk control and capital structure functions provided by banking products, derivatives targeted at market and credit risk, asset divestitures and securitizations, and insurance and reinsurance. Also discussed are many similarities between these traditional risk management products, especially (re-) insurance and options. Moving from traditional methods to today’s most cutting-edge risk management and capital formation tools, The ART of Risk Management examines the emerging market for ART forms based on their type and function.
The final section of this invaluable resource presents some practical issues that ART product users will want to take into consideration. Guest contributors address catastrophic insurance products, weather risk transfer, patent law and ART financial innovation, and ART structures facilitating mergers and acquisitions.
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