Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options

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Wiley, Aug 26, 2010 - Business & Economics - 286 pages
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Derivatives are everywhere in the modern world and it is importantfor everyone in banking, investment and finance to have a goodunderstanding of the subject. Derivatives Demystifiedprovides a step-by-step guide to the subject, enabling the readerto have a solid, working understanding of key derivative products.

Adopting a highly accessible approach, the author explainsderivative products in straightforward terms and without thecomplex mathematics that underlie the subject, focusing onpractical applications, case studies and examples of how theproducts are used to solve real-world problems. DerivativesDemystified follows a sequence that is designed to show that,although there are many applications of derivatives, there are onlya small number of basic building blocks, namely forwards andfutures, swaps and options. The book shows how each building blockis applied to different markets and to the solution of various riskmanagement and trading problems.

This new edition will be fully revised to reflect the manychanges the derivatives markets have seen over the last threeyears.  New material will include a comprehensive history ofderivatives, leading up to their use and abuse in the currentcredit crisis.  It will also feature new chapters onregulation and control of derivatives, commodity derivatives,credit derivatives and structured products and new derivativemarkets including inflation linked and insurance linkedproducts. 

Derivatives Demystified is essential reading for everyonewho operates in the financial markets or within the corporateenvironment who requires a good understanding of these importantfinancial instruments.

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About the author (2010)

Andrew Chisholm, (London, UK) is an independent consultant providing derivatives and capital markets training services to the investment banking industry. He has taught finance for major investment banks and portfolio management firms around the world since 1986 and was formerly head of training for JP Morgan in Europe. He was co-founder of Chisholm Roth and Company Ltd., a specialist in computer simulation-based training for traders, investors and risk managers in the capital markets industry. Andrew was educated at Edinburgh and Oxford Universities and Dartmouth College in the US and also has an MBA from the Warwick University Business School.

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