Fully updated version of text formerly used for training by BPP
Diagramatic representation of deal structures, pricing and modeling
Full glossary of terms
International perspective, examples is US$
Clear logical explanation of processes, markets, and products
As the foreign exchange markets have developed and grown, more sophisticated financial instruments have been devised. This book is a highly practical introduction to futures, options, and the futures market as a whole. It explains how the markets operate and unravels a futures contract piece by piece to illustrate its purpose, structure, and the obligations of the parties involved. Finally it considers the criteria that a company must consider before deciding to use currency futures.
This expansive new range of risk management texts has undergone extensive rewriting to give each book in the series an international perspective. Each explains and analyzes core aspects of risk assessment and management in a way invaluable to students and useful to practitioners. All of these titles adopt a practical and clear approach to their subject. All are fully updated versions of a series of books previously produced by training experts at BPP. Intended audience: trainee risk analysts, small business managers, management trainees.
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arbitrage bank bought buy or sell buyer and seller buying and selling call option Chicago Mercantile Exchange clearing member client counterparty currency futures current market price customer's delivery date effective exchange rate equilibrium basis euro FX contract euro FX futures example exchange authorities expiry date expiry month financial futures floor trading forward contract forward exchange futures contract futures exchange futures market futures position futures price futures trading gain or loss GLOBEX initial margin International Monetary Market intrinsic value investor Japanese yen June contracts June euro FX June sterling futures June Swiss franc long position margin call margin payment marking to market non-clearing members option buyer option holder option writer options on currency options on futures price information profit put option seller of futures September contracts September sterling future short position sold spot rate sterling contracts strike price Swiss franc futures trading day transaction variation margins yen futures