Search Results for "derivatives-regulation-three-volume-set"

Interest Rate Swaps and Other Derivatives

Interest Rate Swaps and Other Derivatives

  • Author: Howard Corb
  • Publisher: Columbia University Press
  • ISBN: 0231530366
  • Category: Business & Economics
  • Page: 624
  • View: 2994
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The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

Handbook of Cell Signaling, Three-Volume Set

Handbook of Cell Signaling, Three-Volume Set

  • Author: Ralph A. Bradshaw,Edward A. Dennis
  • Publisher: Academic Press
  • ISBN: 0080533574
  • Category: Science
  • Page: 2576
  • View: 3484
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The Handbook of Cell Signaling is a comprehensive work covering all aspects of intracellular signal processing, including extra/intracellular membrane receptors, signal transduction, gene expression/translation, and cellular/organotypic signal responses. The subject matter has been divided into five main parts (each of which is headed by a recognized expert in the field): * Initiation: Extracellular and Membrane Events * Transmission: Effectors and Cytosolic Events * Nuclear Responses: Gene Expression and Translation * Events in Intracellular Compartments * Cell-Cell and Cell-Matrix Interactions Covered in extensive detail, these areas will appeal to a broad, cross-disciplinary audience interested in the structure, biochemistry, molecular biology and pathology of cellular effectors. Tabular and well-illustrated, the Handbook will serve as an in-depth reference for this complex and evolving field. Tabular and well illustrated, the Handbook will serve as an in-depth reference for this complex and evolving field! * Contains approximately 470 articles * Provides well-organized sections on each essential area in signaling * Includes discussion on everything from ligand/receptor interactions to organ/organism responses * Extremely user-friendly

Risk Management Handbook for Health Care Organizations, 3 Volume Set

Risk Management Handbook for Health Care Organizations, 3 Volume Set

  • Author: American Society for Healthcare Risk Management (ASHRM)
  • Publisher: John Wiley & Sons
  • ISBN: 0470649194
  • Category: Medical
  • Page: 650
  • View: 1091
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Continuing its superiority in the health care risk management field, this sixth edition of The Risk Management Handbook for Health Care Organizations is written by the key practitioners and consultant in the field. It contains more practical chapters and health care examples and additional material on methods and techniques of risk reduction and management. It also revises the structure of the previous edition, and focuses on operational and organizational structure rather than risk areas and functions. The three volumes are written using a practical and user-friendly approach.

Molecular Medical Microbiology, Three-Volume Set

Molecular Medical Microbiology, Three-Volume Set

  • Author: Yi-Wei Tang,Dongyou Liu,Ian Poxton,Joseph Schwartzman,Max Sussman
  • Publisher: Elsevier
  • ISBN: 0080536883
  • Category: Science
  • Page: 2223
  • View: 5105
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The molecular age has brought about dramatic changes in medical microbiology, and great leaps in our understanding of the mechanisms of infectious disease. Molecular Medical Microbiology is the first book to synthesise the many new developments in both molecular and clinical research in a single comprehensive resource. This timely and authoritative 3-volume work is an invaluable reference source of medical bacteriology. Comprising over 100 chapters, organised into 17 major sections, the scope of this impressive work is wide-ranging. Written by experts in the field, chapters include cutting edge information, and clinical overviews for each major bacterial group, in addition to the latest updates on vaccine development, molecular technology and diagnostic technology. * The first comprehensive and accessible reference on Molecular Medical Microbiology * Two color presentation throughout * Full colour plate section * Fully integrated and meticulously organised * In depth discussion of individual pathogenic bacteria in a system-oriented approach * Includes a clinical overview for each major bacterial group * Presents the latest information on vaccine development, molecular technology and diagnostic technology * Extensive indexing and cross-referencing throughout * Over 100 chapters covering all major groups of bacteria * Written by an international panel of authors expert in their respective disciplines * Over 2300 pages in three volumes

Merton Miller on Derivatives

Merton Miller on Derivatives

  • Author: Merton H. Miller
  • Publisher: John Wiley & Sons
  • ISBN: 9780471183402
  • Category: Business & Economics
  • Page: 226
  • View: 9403
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A rare opportunity to go one–on–one with an industry giant and one of today′s most respected financial thinkers, Merton Miller on Derivatives is a refreshingly accessible overview of derivatives, the revolution they have wrought, and the disasters they′ve supposedly caused. Though routinely assailed by regulators and the media, derivatives are hailed by a celebrated group of practitioners, analysts, and theorists, led most notably by Nobel laureate Merton Miller. Miller is legendary for repeatedly demonstrating–often with humor and always with grace–the value of derivatives in price discovery, managing financial risk, and tailoring a risk–return profile. Here, in this collection of his recent essays, Miller expounds on a number of critical derivatives issues. Is it a problem that some organizations have lost substantial sums on derivatives? Miller′s short answer: Some organizations will always find ways to lose money. Nor does he believe that more government regulation is the answer. He notes, for example, that for all the horror stories about derivatives, the world′s banks have lost vastly more in bad real estate deals than they′ll ever lose on their derivatives portfolios. Merton Miller on Derivatives offers twenty–two provocative chapters. A sampling: "The Recent Derivatives ′Disasters′: Assessing the Damage" takes a close look at such debacles as Procter & Gamble, Orange County, and Barings Bank. "Financial Regulation: The Inside Game" uses an apt sports analogy to show how the derivatives regulatory game is really played, as opposed to the way outsiders imagine it is played. "Japanese–American Trade Relations: Can Rambo Beat Godzilla?" succinctly sums up the nature of Japanese–American trade. And "Risk and Return on Futures Contracts: A Chicago View" highlights the pivotal role derivatives play in hedging risk. There are also penetrating pieces on corporate governance that compare the system existing in the United States and England with the one existing in Germany and Japan. To complete the collection, a section called "Questions I′m Often Asked" features Miller′s unique perspective on a wide range of topics, from what′s ahead for China to what we′ve learned from the Crash of 1987. Contrary to widely held perceptions, the so–called "derivatives revolution" has made the world safer, not more dangerous. This explains the phenomenal growth of financial futures. As Miller shows, derivatives enable organizations to deal effectively with risks that have plagued them for decades, even centuries. Praise for merton miller on derivatives "Miller is one of the clearest thinkers of our time. Once again, he provides a simple, insightful, and witty analysis of an important and complex topic. This book is truly fun to read." –Kenneth R. French Beinecke Professor of Management Studies and Finance Yale University School of Management. "Some of us trade markets; others of us observe markets; Merton Miller understands markets. As this volume demonstrates, Professor Miller is unsurpassed at cutting through fluff, misinterpretation, and even obfuscation to get to the heart of highly charged issues." –Charles W. Smithson Managing Director, CIBC Wood Gundy. "Vintage Merton Miller: zesty writing and forcefully communicated ideas, not only on derivatives, but on a wide range of topics in financial markets. This is no ponderous academic tome, but rather a series of entertaining, yet devastatingly analytical essays on controversial issues in finance. Great reading and great analysis." –Hans R. Stoll Walker Professor of Finance and Director of the Financial Markets Research Center, Vanderbilt University. "I am grateful to Merton Miller for setting the record straight, once again, regarding derivatives. With his customary brilliance, Merton cuts through the fog of misunderstanding and nonsense that too often surrounds derivatives and reveals them for what they truly are: phenomenally successful and essential risk management tools." –Jack Sandner Chairman, Chicago Mercantile Exchange.

Commodities and Commodity Derivatives

Commodities and Commodity Derivatives

Modeling and Pricing for Agriculturals, Metals and Energy

  • Author: Helyette Geman
  • Publisher: John Wiley & Sons
  • ISBN: 9780470687734
  • Category: Business & Economics
  • Page: 416
  • View: 1465
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The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and analyses: Economic and geopolitical issues in commodities markets Commodity price and volume risk Stochastic modelling of commodity spot prices and forward curves Real options valuation and hedging of physical assets in the energy industry It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds. In Commodities and Commodity Derivatives, Hélyette Geman shows her powerful command of the subject by combining a rigorous development of its mathematical modelling with a compact institutional presentation of the arcane characteristics of commodities that makes the complex analysis of commodities derivative securities accessible to both the academic and practitioner who wants a deep foundation and a breadth of different market applications. It is destined to be a "must have" on the subject.” —Robert Merton, Professor, Harvard Business School "A marvelously comprehensive book of interest to academics and practitioners alike, by one of the world's foremost experts in the field." —Oldrich Vasicek, founder, KMV

Credit Derivatives and Structured Credit Trading

Credit Derivatives and Structured Credit Trading

  • Author: Vinod Kothari
  • Publisher: John Wiley & Sons
  • ISBN: 1118178785
  • Category: Business & Economics
  • Page: 256
  • View: 8850
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Credit derivatives as a financial tool has been growing exponentially from almost nothing more than seven years ago to approximately US$5 trillion deals completed by end of 2005. This indicates the growing importance of credit derivatives in the financial sector and how widely it is being used these days by banks globally. It is also being increasingly used as a device of synthetic securitisation. This significant market trend underscores the need for a book of such a nature. Kothari, an undisputed expert in credit derivatives, explains the subject matter using easy-to-understand terms, presents it in a logical structure, demystifies the technical jargons and blends them into a cohesive whole. This revised book will also include the following: - New credit derivative definitions - New features of the synthetic CDO market - Case studies of leading transactions of synethetic securitisations - Basle II rules - The Consultative Paper 3 has significantly revised the rules, particularly on synthetic CDOs - Additional inputs on legal issues - New clarifications on accounting for credit derivatives/credit linked notes

Interest Rate Derivatives Explained

Interest Rate Derivatives Explained

Volume 1: Products and Markets

  • Author: J. Kienitz
  • Publisher: Springer
  • ISBN: 1137360070
  • Category: Business & Economics
  • Page: 207
  • View: 736
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Aimed at practitioners who need to understand the current fixed income markets and learn the techniques necessary to master the fundamentals, this book provides a thorough but concise description of fixed income markets, looking at the business, products and structures and advanced modeling of interest rate instruments.

Handbook of Chemical and Biological Plant Analytical Methods, 3 Volume Set

Handbook of Chemical and Biological Plant Analytical Methods, 3 Volume Set

  • Author: Shilin Chen,Andrew Marston,Hermann Stuppner
  • Publisher: John Wiley & Sons
  • ISBN: 1118874986
  • Category: Medical
  • Page: 1176
  • View: 6451
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Plants and plant-derived compounds and drugs are becoming more and more popular with increasing numbers of scientists researching plant analysis. The quality control of herbal drugs is also becoming essential to avoid severe health problems, and in the future many more new drugs will be developed from plant sources. This three-volume Handbook, featuring 47 detailed review articles, is unique as it deals with chemical and biological methodologies for plant analysis. It presents the most important and most accurate methods which are available for plant analysis. This comprehensive work is divided into six sections as follows: Sample preparation and identification – discussing plant selection and collection, followed by extraction and sample preparation methodologies. Extraction and sample preparation methodologies Instrumentation for chemical analysis - several instrumentations for chemical plant analysis are presented with an emphasis on hyphenated techniques, e.g. the coupling between HPLC and mass spectroscometry, and HPLC with NMR. Strategies for selective classes of compounds – coverage of the most interesting classes of compounds such as polysaccharides, saponins, cardiotonic glycosides, alkaloids, terpenoids, lipids, volatile compounds and polyphenols ( flavonoids, xanthones, coumarins, naphthoquinones, anthraquinones, proanthocyanidins, etc.). Biological Analysis - includes phenotyping, DNA barcoding techniques, transcriptome analysis , microarray, metabolomics and proteomics. Drugs from Plants – covers the screening of plant extracts and strategies for the quick discovery of novel bioactive natural products. Safety assessment of herbal drugs is highly dependent on outstanding chromatographic and spectroscopic methods which are also featured here. This Handbook introduces to scientists involved in plant studies the current knowledge of methodologies in various fields of chemically- and biochemically-related topics in plant research. The content from this Handbook will publish online within the Encyclopedia of Analytical Chemistry via Wiley Online Library: http://www.wileyonlinelibrary.com/ref/eac Benefit from the introductory offer, valid until 30 November 2014! Introductory price: £425.00 / $695.00 / €550.00 List price thereafter: £495.00 / $795.00 / €640.00

Ullmann's Food and Feed, 3 Volume Set

Ullmann's Food and Feed, 3 Volume Set

  • Author: Wiley-VCH
  • Publisher: John Wiley & Sons
  • ISBN: 3527695508
  • Category: Technology & Engineering
  • Page: 1576
  • View: 1755
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A compilation of 58 carefully selected, topical articles from the Ullmann's Encyclopedia of Industrial Chemistry, this three-volume handbook provides a wealth of information on economically important basic foodstuffs, raw materials, additives, and processed foods, including a section on animal feed. It brings together the chemical and physical characteristics, production processes and production figures, main uses, toxicology and safety information in one single resource. More than 40 % of the content has been added or updated since publication of the 7th edition of the Encyclopedia in 2011 and is available here in print for the first time. The result is a "best of Ullmann's", bringing the vast knowledge to the desks of professionals in the food and feed industries.

Smart Grid Handbook, 3 Volume Set

Smart Grid Handbook, 3 Volume Set

  • Author: Chen-Ching Liu
  • Publisher: John Wiley & Sons
  • ISBN: 1118755480
  • Category: Science
  • Page: 1900
  • View: 3563
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Comprehensive, cross-disciplinary coverage of Smart Grid issues from global expert researchers and practitioners. This definitive reference meets the need for a large scale, high quality work reference in Smart Grid engineering which is pivotal in the development of a low-carbon energy infrastructure. Including a total of 83 articles across 3 volumes The Smart Grid Handbook is organized in to 6 sections: Vision and Drivers, Transmission, Distribution, Smart Meters and Customers, Information and Communications Technology, and Socio-Economic Issues. Key features: Written by a team representing smart grid R&D, technology deployment, standards, industry practice, and socio-economic aspects. Vision and Drivers covers the vision, definitions, evolution, and global development of the smart grid as well as new technologies and standards. The Transmission section discusses industry practice, operational experience, standards, cyber security, and grid codes. The Distribution section introduces distribution systems and the system configurations in different countries and different load areas served by the grid. The Smart Meters and Customers section assesses how smart meters enable the customers to interact with the power grid. Socio-economic issues and information and communications technology requirements are covered in dedicated articles.The Smart Grid Handbook will meet the need for a high quality reference work to support advanced study and research in the field of electrical power generation, transmission and distribution. It will be an essential reference for regulators and government officials, testing laboratories and certification organizations, and engineers and researchers in Smart Grid-related industries.

Practical Derivatives

Practical Derivatives

A Transactional Approach, Third Edition

  • Author: Edmund Parker,Marcin Perzanowski
  • Publisher: N.A
  • ISBN: 9781911078173
  • Category: Business & Economics
  • Page: 250
  • View: 4805
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American-Style Derivatives

American-Style Derivatives

Valuation and Computation

  • Author: Jerome Detemple
  • Publisher: CRC Press
  • ISBN: 1420034863
  • Category: Mathematics
  • Page: 248
  • View: 3230
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While the valuation of standard American option contracts has now achieved a fair degree of maturity, much work remains to be done regarding the new contractual forms that are constantly emerging in response to evolving economic conditions and regulations. Focusing on recent developments in the field, American-Style Derivatives provides an extensive treatment of option pricing with an emphasis on the valuation of American options on dividend-paying assets. The book begins with a review of valuation principles for European contingent claims in a financial market in which the underlying asset price follows an Ito process and the interest rate is stochastic and then extends the analysis to American contingent claims. In this context the author lays out the basic valuation principles for American claims and describes instructive representation formulas for their prices. The results are applied to standard American options in the Black-Scholes market setting as well as to a variety of exotic contracts such as barrier, capped, and multi-asset options. He also reviews numerical methods for option pricing and compares their relative performance. The author explains all the concepts using standard financial terms and intuitions and relegates proofs to appendices that can be found at the end of each chapter. The book is written so that the material is easily accessible not only to those with a background in stochastic processes and/or derivative securities, but also to those with a more limited exposure to those areas.

Global Derivative Debacles

Global Derivative Debacles

From Theory to Malpractice

  • Author: Laurent L Jacque
  • Publisher: World Scientific
  • ISBN: 9814663271
  • Category: Business & Economics
  • Page: 368
  • View: 7344
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This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Société Générale (2008) , AIG (2008) and JP Morgan-Chase (2012). It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down. Should derivatives be feared "as financial weapons of mass destruction" or hailed as financial innovations which through efficient risk transfer are truly adding to the Wealth of Nations? By presenting a factual analysis of how the malpractice of derivatives played havoc with derivative end-user and dealer institutions, a case is made for vigilance not only to market and counter-party risk but also operational risk in their use for risk management and proprietary trading. Clear and recurring lessons across the different stories in this volume call not only for a tighter but also "smarter" control system of derivatives trading and should be of immediate interest to financial managers, bankers, traders, auditors and regulators who are directly or indirectly exposed to financial derivatives. The book groups cases by derivative category, starting with the simplest and building up to the most complex — namely, Forwards, Futures, Options and Swaps in that order, with applications in commodities, foreign exchange, stock indices and interest rates. Each chapter deals with one derivative debacle, providing a rigorous and comprehensive but non-technical elucidation of what happened. What is new in the second edition? A new chapter on JP Morgan-Chase's London Whale, an in-depth discussion of credit-default swaps, and an update of the revamped regulatory framework with Basel 2.5 and Basel III against the backdrop of the Euro crisis, along with a revised and expanded discussion of the AIG debacle. Contents:Derivatives and the Wealth of NationsForwards:Showa Shell Sekiyu K KCitibank's Forex LossesBank Negara MalaysiaFutures:Amaranth Advisors LLCMetallgesellschaftSumitomoOptions: Allied LyonsAllied Irish BanksBaringsSociété GénéraleSwaps:Procter & GambleGibson Greeting CardsOrange CountyLong-Term Capital ManagementAIGJP Morgan Chase London WhaleFrom Theory to Malpractice: Lessons Learned Readership: Economists; undergraduates and graduates majoring in finance, economics and business administration; professionals, financial managers and CPAs in the financial service industry. Key Features:Includes simple graphs or numerical illustrations to enhance readers' understanding of the complex world of derivatives and financial engineering step-by-step, story-by-storyUses actual case studies to introduce college students, finance professionals and general readers to the world of high finance which shapes their day-to-day livesDemystifies the mysterious world of financial derivativesBrings alive difficult concepts by profiling the protagonists in each debacle and the corporate setting within which the derivative debacle unfoldedProvides a glossary of key concepts to discuss the respective derivatives product, how it is valued, trading strategies, and the workings of the market where it is tradedKeywords:Derivatives;Debacles;Options;Swaps;Futures;Forwards;Financial Engineering;Market Manipulation;Rogue Traders;Speculation;London WhaleReview: Reviews of the First Edition: “This timely and well-written book is a ‘must read’ for anyone directly or indirectly involved in financial markets and instruments as well as risk management. By telling actual stories of how rogue traders and incompetent managers put their firms at risk, the author demystifies the complex world of financial derivatives. His incisive and in-depth analysis of all major derivatives debacles should help the reader understand what happened and avoid future disasters.” Gabriel Hawawini The Henry Grunfeld Professor of Investment Banking INSEAD “The author has written a book whose clarity makes it accessible to a wide range of practitioners and executives, and he brings the technical subject matter to life through the concrete examples of the highest profile failures in the use of derivatives” B Craig Owens Senior Vice President and Chief Financial Officer Campbell Soup “The book is a timely contribution to a subject that has been at the epicenter of the current financial crisis … Learning from past mistakes and applying the lessons is what sets this book apart and should make it a useful guide for practitioners.” Dr Oliver S Kratz Head of Global Thematic Equities Deutsche Bank

Credit Derivatives and Synthetic Structures

Credit Derivatives and Synthetic Structures

A Guide to Instruments and Applications

  • Author: Janet M. Tavakoli
  • Publisher: John Wiley & Sons
  • ISBN: 9780471412663
  • Category: Business & Economics
  • Page: 312
  • View: 8912
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Fully revised and updated Here is the only comprehensive source that explains the various instruments in the market, their economic value, how to document trades, and more. This new edition includes enhanced treatment of U.S. and worldwide regulatory issues, and new product structures. "If you want to know more about credit derivatives--and these days an increasing number of people do--then you should read this book." --Merton H. Miller, winner, Nobel Prize in Economics, 1990 "Tavakoli brings extraordinary insight and clarity to this fascinating financial evolution . . ."--Carl V. Schuman, Manager, Credit Derivatives, West LB New York Janet M. Tavakoli (Chicago, IL) is Vice President of the Chicago branch of Bank of America, where she directs the company's overall marketing of global derivatives and manages its CreditMetrics initiative.

The Law of Derivatives

The Law of Derivatives

  • Author: Simon James
  • Publisher: CRC Press
  • ISBN: 1317811313
  • Category: Law
  • Page: 382
  • View: 2821
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This volume focuses on the legal risks arising in English law in the course of derivatives transactions. It discusses the following issues: the legal risks arising in the negotiation and conduct of derivatives transactions; the regulation of the derivatives market; the capacity to enter into derivatives transactions and the standard term upon which this is done; the consequences of default by a counterparty; and the standard terms on which derivatives are entered into, particularly the ISDA Master Agreement.

Derivatives and the Wealth of Societies

Derivatives and the Wealth of Societies

  • Author: Benjamin Lee,Randy Martin
  • Publisher: University of Chicago Press
  • ISBN: 022639283X
  • Category: Business & Economics
  • Page: 308
  • View: 3216
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The contributors to this volume draw upon their deep backgrounds in finance, the social sciences, arts, and the humanities to create a new way of understanding derivative capitalism that does justice to its technical, social, and cultural dimensions. The financial crisis of 2008 demonstrated both that derivatives are capable of producing great wealth and that their deregulation and privatization cannot control the risks that they produce. A popular reaction is to focus on the regulation or abolition of derivative finance. These authors take a different tack and instead raise the question: if we should want access to the wealth that derivatives are capable of producing, what kind of social institutions and policies would be needed to make such wealth production work for the benefit of all of us? Since this question goes to the very heart of what kind of society is most desirable, the volume argues that we need both a social understanding of the derivative and a derivative understanding of the social. The derivative reading of the social employs a small set of financial concepts to understand certain defining dimensions of contemporary reality. The central concept is that of volatility and its relations to risk, uncertainty, hedging, optionality, and arbitrage. The social reading of the derivative involves anthropological discussions of the gift, ritual, play, and performativity and provides us with frames of embodiment for analyzing, through action and event, the ways derivatives do their work.

Manufacturing and Managing Customer-Driven Derivatives

Manufacturing and Managing Customer-Driven Derivatives

  • Author: Dong Qu
  • Publisher: John Wiley & Sons
  • ISBN: 1118632524
  • Category: Business & Economics
  • Page: 576
  • View: 5014
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Manufacturing and Managing Customer-Driven Derivatives Manufacturing and Managing Customer-Driven Derivatives sheds light on customer-driven derivative products and their manufacturing process, which can prove a complicated topic for even experienced financial practitioners. This authoritative text offers up-to-date knowledge and practices across a broad range of topics that address the entire manufacturing, pricing and risk management process, including practical knowledge and industrial best practices. This resource blends quantitative and business perspectives to provide an in-depth understanding of the derivative risk management skills that are necessary to adopt in the competitive financial industry. Manufacturing and managing customer-driven derivative products have become more complex due to macro factors such as the multi-curve environments triggered by the recent financial crises, stricter regulatory requirements of consistent modelling and managing frameworks, and the need for risk/reward optimisation. Explore the fundamental components of the derivatives business, including equity derivatives, interest rates derivatives, real estate derivatives, and real life derivatives, etc. Examine the life cycle of manufacturing derivative products and practical pricing models Deep dive into a wide range of customer-driven structured derivative products, their investment or hedging payoff features and associated risk exposures Examine the implications of changing regulatory standards, which can increase costs in the banking sector Discover practical yet sophisticated product analysis, quantitative modeling, infrastructure integration, risk analysis, and hedging analysis Gain insight on how banks should handle complex derivatives products Manufacturing and Managing Customer-Driven Derivatives is an essential guide for quants, structurers, derivatives traders, risk managers, business executives, insurance industry professionals, hedge fund managers, academic lecturers, and financial math students who are interested in looking at the bigger picture of the manufacturing, pricing and risk management process of customer-driven derivative transactions. "Like many people on the quantitative side of finance I’ve often wondered why and how the more complex derivatives are created. I mean, some of the term sheets I’ve seen are just downright bizarre. Well, thanks to Dong Qu, the expert in both quant finance and the business side, now I know. Dong covers everything from creative ideas, country specifics, regulatory issues, and tax implications, to modeling and risk management. This is an excellent book, unique for its breadth of coverage, genuinely for the whole business of quantitative finance." Paul Wilmott, Wilmott Magazine "With so many books out there on derivatives pricing, I thought it was impossible to write a new, original one. Dong Qu proved I was wrong. Not only does this volume focus on the main industry-standard pricing models, it also sheds light on the typical workflow and development process of derivatives contracts in banks, from quant library design to meeting new regulatory risk-management requirements. I wish this book was out there when I started my career as a front-office quant!" Fabio Mercurio, Global Head of Quant Analytics, Bloomberg "Everything you always wanted to know about financial derivatives but were afraid to ask could also be the title of this book. Written by an author with over 20 years of experience in the industry, this book joins practical hedging, risk management and regulation issues with sophisticated yet not overly complicated maths. An absolute must for all practitioners and very informative for academicians." Dariusz Gatarek, Professor, Polish Academy of Sciences "This book has been expertly written from a practitioner’s viewpoint. Dong Qu uses his vast experience of working in major global banks to create an operationally relevant textbook, delivering a range and subject matter which is very readable and applicable in today’s financial markets. He writes clearly and authoritatively on all aspects of the life-cycle, manufacturing and regulation of structured products. He also uses his mathematical skills to explore and clearly explain pricing models, whilst never ignoring the practicalities of applying quantitative models to actual risk management requirements." Andrew Law, Global Head of Institutional Sales & Structuring, Bank of Ireland Global Markets

Swaps and Financial Derivatives

Swaps and Financial Derivatives

Products, Pricing, Applications and Risk Management

  • Author: Satyajit Das
  • Publisher: Wiley
  • ISBN: 9780470821091
  • Category: Business & Economics
  • Page: 4700
  • View: 6351
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Swaps/ Financial Derivatives - Third Edition is a unique, authoritative and comprehensive reference work for practitioners on derivatives. It brings together all aspects of derivative instruments within a cohesive and integrated framework covering: Derivative instruments including exchange-traded markets and over-the-counter markets Pricing, valuation and trading/hedging of derivatives. Management of market, credit and other risk associated with derivatives trading. Documentation, accounting, taxation and regulatory aspects of derivatives. Applications of derivatives. Derivative structures including synthetic asset structures using derivatives, exotic options, interest rate/ currency, equity, commodity (energy, metals and agricultural), credit and new derivative markets (insurance, weather, inflation/ macro-economic indicators, property and emissions) Key Features of Swaps/ Financial Derivatives include: Unparalleled up-to-date coverage of derivative markets in all asset classes. Written by experienced practitioner. Practical approach using actual transactions that are analysed to illustrate the structure, application, pricing, hedging and risk management of individual instruments. Four volumes; 4,500 pages; Hundreds of Exhibits and diagrams Detailed Index and extensive references

Pricing and Trading Interest Rate Derivatives

Pricing and Trading Interest Rate Derivatives

A Practical Guide to Swaps

  • Author: J. H. M. Darbyshire
  • Publisher: N.A
  • ISBN: 9780995455528
  • Category: Derivative securities
  • Page: 395
  • View: 3276
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The most professional and industry relatable text currently available for linear interest rate derivatives. This revised edition markedly expands the first edition released in 2016, with revised content based on multiple recommendations from active portfolio managers. Learn more at TradingInterestRates.com.. Written by a practicing derivatives portfolio manager with over twelve years of fixed income trading experience, this book focuses on core trading concepts; pricing, curve building (single and multi-currency), risk, credit and CSAs, regulations, VaR and PCA, volatility, cross-gamma, trade strategy analysis and market moving influences. The book's focus is interest rate swaps and cross-currency swaps. Topics are presented from that perspective, outlining the importance of regulations in an IRD capacity, with volatility and swaptions taught from a practical point of view rather than an overly cumbersome academic one. The treatment of risk is expansive and thorough. The author formally analyses modern market-maker techniques to accurately predict PnL, and successfully implement multiple, consistent perspectives to view all details of risks. Almost everything included here is compulsory knowledge for a modern, successful, swaps trader or interest rate risk portfolio manager. Certainly this book sets the benchmark for the level of expertise that swaps traders should strive for, and the style is aimed at the novice and professional alike.