Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series) - Softcover

Andrew M. Chisholm

Softcover

ISBN 10: 047009382X ISBN 13: 9780470093825

Publisher: Wiley, 2004

Synopsis

The book is a step-by-step guide to derivative products. By distilling the complex mathematics and theory that underlie the subject, Chisholm explains derivative products in straightforward terms, focusing on applications and intuitive explanations wherever possible. Case studies and examples of how the products are used to solve real-world problems, as well as an extensive glossary and material on the latest derivative products make this book a must have for anyone working with derivative products.

About this title

From the Back Cover

Derivatives are everywhere in the modern world and it is important for everyone in banking, investment and finance to have a good understanding of the subject. Derivatives Demystified provides a step-by-step guide to the subject, enabling the reader to have a solid, working understanding of key derivative products.

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.

Thoroughly up-to-date, the author includes explanations of later-generation products such as barrier options, cliquets and choosers. There are also sections on credit default and equity swaps and there are full chapters devoted to convertible and exchangeable bonds and to structured products such as equity-linked notes and bonds issued through synthetic securitization. The final chapter has information on the financial calculations that underpin the derivatives market, for those who wish to explore this topic.

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.

From the Inside Flap

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.

Thoroughly up-to-date, the author includes explanations of later-generation products such as barrier options, cliquets and choosers.  There are also sections on credit default and equity swaps and there are full chapters devoted to convertible and exchangeable bonds and to structured products such as equity-linked notes and bonds issued through synthetic securitization.  The final chapter has information on the financial calculations that underpin the derivatives market, for those who wish to explore this topic.

Edition details

• Publisher: Wiley
• Publication date: 2004
• ISBN 10: 047009382X
• ISBN 13: 9780470093825
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 250