Mastering Derivatives Markets : A Step-By-Step Guide to the Products, Applications and Risks - Softcover

Taylor, Francesca

Softcover

ISBN 10: 0273652435 ISBN 13: 9780273652434

Publisher: Prentice Hall, 2004

Synopsis

"Mastering Derivatives Markets "is written for both the new entrant into the markets and for the seasoned professional who requires a refresher on the fundamentals of derivatives, as well as for students on finance courses. This new edition of "Mastering Derivatives Management "has been updated with: * a new chapter on credit derivatives, now the everyday work-horse of the risk manager* an introductory guide to the principles of accounting for derivatives* a completely revised chapter by one of the leading market specialists on the compliance function* a new chapter on risk and risk management* an updated and expanded glossary of terms "Mastering Derivatives Markets "concentrates on the fundamentals and allows you to take considered decisions regarding the selection and use of derivatives. It is written by a market professional for the professional market; definitive practical advice direct from the cutting edge.

About this title

From the Back Cover

"The definitive passport to success in derivatives. Don't enter the market without it!"

Bill Hodgson, Business Development, DTCC

 

“As a trader I crave clarity. Mastering Derivatives Markets integrates tradable insights with a nuanced account of the mechanics of the trade. My suspicion is that if you lost money recently in a derivatives trade it was to a trader who reads Ms Taylor's books.”

Joseph M. Brooks, Independent FX Trader, Las Vegas, USA

 

“We run a number of courses on financial products and this book serves as excellent pre-course reading as well as an everyday reference handbook.”

Maricar Obieta, Senior Vice President, Capital Markets Learning & Development Manager, Corporate and Investment Bank, Europe, Middle East and Africa, Citigroup

 

“An essential read for anyone serious about understanding the impact of technology on the global derivatives market.”

Kevin Thorogood, Director of Investment Bank Solutions, Thunderhead Ltd

 

Mastering Derivatives Markets provides full up-to-the-minute explanations of the basic building blocks of options, swaps and futures across the key asset classes: rates, currency, equity, commodity and credit as well as the downstream processes essential to an understanding of today’s new exchange traded instruments.

 

Can you answer the following questions with confidence?

 

• Do you understand Credit Derivatives, CDOs and tranches?
• What happens after the deal is done?
• What is benchmarking?
• How does STP work in this market?
• What are electronic templates?
• How is technology evolving?
• How do the new accounting regulations like IAS 39 and FASB 133 work?
• How will MiFID affect what we do?

 

If you can, great. If not, you will find all the answers, and more besides, in this revised third edition of Mastering Derivatives Markets, which is the most widely read, easy to understand book on the general derivatives market. It is read by finance students and graduates, bankers, brokers, hedge fund managers and journalists as well as being mandatory reading in most IT, operations and technology departments.

 

Keep this book at your side for future reference and don't enter the derivatives market without it!

About the Author

Francesca Taylor is the principal of Taylor Associates, one of the City's leading financial training companies, specialising in derivatives, capital markets, risk and treasury training. She has personally trained in major UK and international corporations, American, European and UK banks and 'derivatives houses'. Francesca's career began with BICC plc where she learned her basic treasury, FX and Money Market skills - from the client's perspective. She then joined Midland Bank and became team leader in the Financial Engineering Group, concentrating on marketing, selling and trouble shooting the whole range of derivatives products to a client list including central banks, major and minor commercial banks, corporates and supranationals. She spent 12 months with Midland Futures, broking financial futures to a range of major financial institutions. In addition, it was Francesca's responsibility to educate and train Midland's client base in the uses and applications of a growing number of derivative products. Francesca then became a treasury consultant advising her clients on all aspects of currency and interest rate risk management. Notable clients included major utilities, banks and engineering companies. Following this, she spent time as an inter-bank swap broker with Sterling Brokers. During her career Francesca has followed each of the 4 major areas within banking and finance. She has been a corporate, a banker, a broker and a consultant, leading her to be ideally placed to offer independent training and product education to clients. Her company, Taylor Associates, has been highly successful and now offers a wide range of treasury, risk, general finance and complementary soft-skills courses to banks and non-banks alike. Francesca is a designated speaker for the ACI/FOREX Association, specialising in options, and has spoken at major conferences in the UK, Hong Kong, Singapore, Malaysia and Australia.

Edition details

• Publisher: Prentice Hall
• Publication date: 2004
• Language: English
• ISBN 10: 0273652435
• ISBN 13: 9780273652434
• Binding: Paperback
• Edition number: 2
• Number of pages: 368