About the book

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Managers are overwhelmingly end-users of derivatives and prospective managers (today’s students) would become so shortly. Derivative end-users are the very reason that this market exists. That’s why this book is designed for students and practitioners alike, from the perspective of derivative end-user. This book:

1.    Combines the 3 asset classes of Currencies, Commodities and Interest Rates that business firms face, into one single accessible volume.
 

2.    Covers not just derivatives; it does cover industry specifics necessary for risk assessment and management
 

3.    Uses experiential form of learning – contains extensive Case Study and life-like material that would help fast-track transformation of readers into decision-makers having expertise in derivates and risk management.
 

4.    Recognises strategy as the main driver of Risk Management and restricts math heavy-material that poses entry barriers. Therefore, extensive coverage of

• Decision-making problems and approaches

• Understanding of derivatives, its mechanism and usage for Risk Management

• Preparation and deployment of strategies

• Evaluation of not just strategies, but also of management & governance and methods in it

• Makes for step-wise controlled order of learning: e.g. initiate with simple industry-simple products, move to complex industry-simple products or vice versa, and culminate into complexity in business, derivative product & strategies.

 

6.    Contains plenty of worked-out solutions in the book’s text. It has derivative concepts, pricing and valuation framework and product features involving

• Futures and Forwards

• Options and Strategies

• Swaps and varieties: currency, interest rate, coupon, principal

• Commodity derivatives

• Higher order options such as binaries, barriers, partial time barriers

• Structured products