Interest rate risk management of publicly funded utility companies in Hong Kong.

by Lam Kang Hung, Roger.Thesis (M.B.A.)--Chinese University of Hong Kong, 1992.Includes bibliographical references (leaf 63).Abstract --- p.iiTable of Contents --- p.iiiList of Tables --- p.vList of Figures --- p.viAcknowledgements --- p.viiChapter Chapter I --- --- Introduction --- p.1Scope --- p.1-2Chapter Chapter II--- --- Methodology --- p.3Chapter Chapter III--- --- What Is Risk Management --- p.4Chapter Chapter IV --- --- What Is Interest Risk Management --- p.5Chapter Chapter V --- --- Importance Of Interest Rate Risk Management --- p.7Chapter Chapter VI --- --- Techniques Used In Interest Rate Risk Management --- p.10Gap Analysis --- p.10Limitations --- p.12Duration Analysis --- p.13Limitations --- p.15Simulation Analysis --- p.16Limitations --- p.17Chapter Chapter VII --- --- Treasury Tools Available --- p.18Interest Rate Swap --- p.18Futures Markets --- p.22Forward Rate Agreements --- p.25Options Markets --- p.27Exchange Traded Versus Over The Counter Options --- p.31Interest Rate Cap --- p.32Interest Rate Floor --- p.34Interest Rate Collar --- p.35Interest Rate Swaptions --- p.38Synthetic Products --- p.38Chapter 1. --- Asset Swaps --- p.38Chapter 2. --- Equity Swaps --- p.39Chapter Chapter VIII --- --- Hedging Strategies --- p.40Strategy 1: Remain Unhedged --- p.40Strategy 2: Interest Rate Swaps --- p.40Strategy 3: Interest Rate Caps --- p.41Strategy 4: Interest Rate Collars --- p.41Strategy 5: Interest Rate Swaptions --- p.41Chapter Chapter IX --- --- Risk Management In M.T.R. and K.C.R --- p.45Mass Transit Railway Corporation --- p.45Background --- p.45Financial Strategy --- p.47Debt Management --- p.47Techniques Employed --- p.49Kowloon-Canton Railway Corporation --- p.51Principal Activities --- p.51Financial Management --- p.52Chapter Chapter X --- --- Concluding Remarks --- p.54AppendicesChapter Appendix I --- Selected Financial Information of M.T.R --- p.57Chapter Appendix II --- Selected .Financial Information of K.C.R.C --- p.58Chapter Appendix III --- Interest Rate --- p.59Chapter Appendix IV --- Capital Market Instruments Employed By MTRC --- p.60Bibliography --- p.6