The Risk Management of Contingent Convertible (Coco) Bonds

by Ine Marquet, Jan de Spiegeleer, Wim Schoutens

This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. The loss-absorption mechanism is automatically enforced either via the breaching of a particular accounting ratio, typically in terms of the Common Equity Tier 1 (CET1) ratio, or via a regulatory trigger.

CoCos are non-standardised...

• Format: Paperback
• Language: English
• ISBN: 3030018237
• ISBN13: 9783030018238
• Release Date: November 2018
• Publisher: Springer
• Length: 106 Pages
• Weight: 0.38 lbs.
• Dimensions: 0.2" x 6.1" x 9.2"