Derivatives Demystified

Product Description

Derivatives are everywhere in the modern world & it is important for everyone in banking investment & 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 & without the complex mathematics that underlie the subject focusing on practical applications case studies & 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 & futures swaps & options. The book shows how each building block is applied to different markets & to the solution of various risk management & trading problems. This new edition will be fully revised to reflect the many changes the derivatives markets have seen over the last three years. New material will include a comprehensive history of derivatives leading up to their use & abuse in the current credit crisis. It will also feature new chapters on regulation & control of derivatives commodity derivatives credit derivatives & structured products & new derivative markets including inflation linked & insurance linked products. 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.