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Mastering Derivatives Markets A Step-by-step Guide to the Products, Applications and Risks

ISBN-10: 027370978X

ISBN-13: 9780273709787

Edition: 3rd 2006 (Revised)

Authors: Francesca Taylor

List price: $79.99
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Description:

Mastering Derivatives Markets is the most widely read book on the general derivatives market, and is read by everyone from bankers and brokers to journalists. The latest edition once again offers a comprehensive overview of everything a professional investor needs to know regarding the derivative process and its instruments. This include recent changes in derivative trading, and explanations into options, swaps and futures across the key asset classes of rates, currency, equity, commodity and credit. In support of this, it also covers newer and more complex tools such as credit derivatives, and answers the following questions: 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 work, IAS 39, FASB 133? How will MiFID affect what we do? This book is your passport to derivative success. Don & #146;t enter the market without it.
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Book details

List price: $79.99
Edition: 3rd
Copyright year: 2006
Publisher: FT Press
Publication date: 6/20/2007
Binding: Paperback
Pages: 448
Size: 6.50" wide x 9.50" long x 1.00" tall
Weight: 1.694

Author's acknowledgements
Publisher's acknowledgements
Foreword
Contributors
Background and development of the derivatives markets
Introduction
Definition and key features
Uses of derivatives
Range of derivatives
Increasing use of the Central Counterparty Model (CCP)
Risk and benchmarking
Market volumes
Users and uses of derivatives
Straight Through Processing (STP)
Market fundamentals
Introduction
How banks generate income
Three key assumptions
Role and use of LIBOR
Day counts
Financial maths
Calculating forward rates
Marking to market
Yield curves
Quiz
Derivatives fundamentals
Range of derivatives
What is a vanilla trade?
Settlement
Triggers
Liquidity and credit risk
Understanding the underlying
Benchmarks
Fair value
Dealing with derivatives
Basic option concepts
Introduction
Option pricing
Option mechanics
Interest rate derivatives - single settlement instruments
Background and development
Single settlement interest rate derivatives
Financial futures contracts
Forward rate agreements (FRAs)
Interest rate options (IROs)
Premium determinantsQuiz
Interest rate derivatives
Introduction
Interest rate caps and floors
Interest rate collars
Interest rate swapsQuiz
Benchmarking in the OTC derivatives markets
Financial benchmarking for derivatives
Operational risk measurements for derivatives
Markit Annual Scorecard
Conclusion
Credit derivatives
Introduction
What is credit risk?
Style of trading
Default data
The first deals
Range of credit derivatives
Credit default swaps
Total return swaps
Beyond a vanilla CDS
Introduction
Credit indices
CDOs
Where next?
Currency derivatives
Introduction
Over the counter currency options
Currency options: reduced premium strategies
Simple exotic structures
Currency swaps
Exchange-traded instruments
ConclusionQuiz
Equity derivatives
Introduction
Background
Single stocks or equity indices?
Stock index futures
Stock index options
Single stock options
Equity index swaps
Using equity derivatives in investment products
Equity investment
The development of the UK and European markets for equity-based retail products
Constructing a capital protected growth product with equity derivatives
Income paying capital-at-risk products
Calculation of income level
The risk to capital
The most common structural variations used in the equity derivative market
Commodity derivatives
Introduction
Exchange-traded energy derivatives
Exchange-tr