The Front Office Manual

1. Front Matter

   Pages i-xvii

   PDF

2. The Structure of an Investment Bank

   • Andrew Sutherland, Jason Court

   Pages 1-30

3. Interest Rate Swaps

   • Andrew Sutherland, Jason Court

   Pages 31-50

4. An Introduction to the Interest Rate Yield Curve

   • Andrew Sutherland, Jason Court

   Pages 51-66

5. The Mechanics of Simple Yield Curve Construction

   • Andrew Sutherland, Jason Court

   Pages 67-96

6. Discount and Forward Interest Rate Curves

   • Andrew Sutherland, Jason Court

   Pages 97-115

7. Foreign Exchange

   • Andrew Sutherland, Jason Court

   Pages 116-133

8. Cross-Currency Trades in the Future: Forward FX and Cross-Currency Basis Swaps

   • Andrew Sutherland, Jason Court

   Pages 134-149

9. Basic Equity Trades

   • Andrew Sutherland, Jason Court

   Pages 150-160

10. Government Bonds

    • Andrew Sutherland, Jason Court

    Pages 161-186

11. Corporate Bonds, Credit Spreads and Credit Default Swaps

    • Andrew Sutherland, Jason Court

    Pages 187-205

12. Vanilla Options

    • Andrew Sutherland, Jason Court

    Pages 206-236

13. More Vanilla Options

    • Andrew Sutherland, Jason Court

    Pages 237-256

14. Vanilla Interest Rate Options

    • Andrew Sutherland, Jason Court

    Pages 257-286

15. Back Matter

    Pages 287-298

    PDF

The Front Office Manual is unique, providing clear and direct explanations of tools and techniques relevant to front office work. From how to build a yield curve, to how a swap works, to what exactly 'product control' is supposed to do, this book is essential reading for anyone who works (or wants to work) on the 'sell side'.

• bank
• Bonds
• Corporate Bonds
• Credit Default Swaps
• investment
• mechanics
• Options
• Swaps
• trading
• banking
• investments and securities

Andrew Sutherland is a finance enthusiast with seventeen years of experience in the industry. After obtaining his law degree from the University of Virginia in 1995, Andrew became a derivatives technologist for Citibank in New York. From New York, he moved to London, where he became a structured products trader for Citi, working with interest rate products and FX. He has since become a front-office technology expert, leading teams to develop complex front-office systems for a variety of institutions, including Barclays and HSBC. He lives in London with his wife and two children.

Jason Court is a director of boutique consultancy Jmoni Limited. He started his career in the City of London in 1986 working in operations for Midland Bank International (now HSBC) before moving into corporate treasury sales, specialising in rates and foreign exchange. In the mid-1990s he moved into information technology as an analyst, leveraging his detailed front to back process and product knowledge. He has worked at Baring Brothers (now ING Barings) in debt derivatives, Merrill Lynch (now Bank America Merrill Lynch) where he was Head of Emerging Markets Technology, and Credit Suisse where he ran equity derivatives technology in EMEA. He is an avid cricket fan, and when not working enjoys spending time at the Oval watching Surrey CCC with his three children.

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