
Derivatives Demystified
A Step-by-Step Guide to Forwards, Futures, Swaps and Options
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Derivatives Demystified
A Step-by-Step Guide to Forwards, Futures, Swaps and Options
About this book
Adopting a highly accessible approach, the author explains derivative products in straightforward terms and without the complex mathematics that underlie the subject, focusing on practical applications, case studies and examples of how the products are used to solve real-world problems. Derivatives Demystified follows a sequence that is designed to show that, although there are many applications of derivatives, there are only a small number of basic building blocks, namely forwards and futures, swaps and options. The book shows how each building block is applied to different markets and to the solution of various risk management and trading problems.
This new edition will be fully revised to reflect the many changes the derivatives markets have seen over the last three years. New material will include a comprehensive history of derivatives, leading up to their use and abuse in the current credit crisis. It will also feature new chapters on regulation and control of derivatives, commodity derivatives, credit derivatives and structured products and new derivative markets including inflation linked and insurance linked products.
Derivatives Demystified is essential reading for everyone who operates in the financial markets or within the corporate environment who requires a good understanding of these important financial instruments.
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Information
Table of contents
- Title Page
- Copyright Page
- Dedication
- Epigraph
- Acknowledgements
- Chapter 1 - The Origins and Growth of the Market
- Chapter 2 - Equity and Currency Forwards
- Chapter 3 - Forward Rate Agreements
- Chapter 4 - Commodity and Bond Futures
- Chapter 5 - Interest Rate and Equity Futures
- Chapter 6 - Interest Rate Swaps
- Chapter 7 - Equity and Credit Default Swaps
- Chapter 8 - Fundamentals of Options
- Chapter 9 - Hedging with Options
- Chapter 10 - Exchange-Traded Equity Options
- Chapter 11 - Currency or FX Options
- Chapter 12 - Interest Rate Options
- Chapter 13 - Option Valuation Concepts (1)
- Chapter 14 - Option Valuation Concepts (2)
- Chapter 15 - Option Sensitivities: The ‘Greeks’
- Chapter 16 - Option Trading Strategies (1)
- Chapter 17 - Option Trading Strategies (2)
- Chapter 18 - Convertible and Exchangeable Bonds
- Chapter 19 - Structured Securities
- Chapter 20 - Clearing, Settlement and Operational Risk
- Appendix A - Financial Calculations
- Appendix B - Exotic Options
- Appendix C - Glossary of Terms
- Index