Fully updated version of text formerly used for training by BPP
Diagrammatic representation of deal structures, pricing, and modeling
Full glossary of terms
International perspective, examples is US$
Clear logical explanation of processes, markets, and products
From the Currency Risk Management section of the Risk Management series. This is one of three books in the Currency Risk Management series that examine the use of derivatives in the foreign exchange markets. In this book, options are described in detail, as is the process by which they are bought and sold, why they are used, and who uses them. Having described the key features, the risks and potential gains, the text proceeds to examine premiums, over-the-counter options, exchange-traded options, and second and third generation options packages.
This expansive new range of risk management texts has undergone extensive re-writing to give each book in the series an international perspective. Each explains and analyses 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.
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Features of Currency Options
The Risks and Potential Gains
Why Use Currency Options?
Other editions - View all
American option amount of currency At-the-money forward ATMF bank breakeven buy or sell buying an option call option currency exposure currency in exchange currency options current spot rate dealer delta hedging dollar put option earn European options European-style option euros example exchange rate movements exchange-traded options Exercise option exercise price exercise the option expiry date foreign currency forward contract forward exchange contract forward rate interest rate intrinsic value let the option natural logarithm option contract option gives option holder option is exercised option is in-the-money option lapse option premium option writer option's strike price options exchange OTC options out-of-the-money period to expiry Philadelphia Stock Exchange PHLX premium cost premium paid purchase rate of exchange rate on expiry risk sell the dollars spot exchange rate spot market spot price sterling strategy strike rate Swiss francs three months traded options transaction underlying currency volatility writing options writing the option written