ESCP Europe

"In today's complex world, modern financial institutions cannot succeed without the use of derivatives for managing the varied risks of their assets and liabilities. This book was written to be the first book read on derivatives, and not the last. Our aim has been to design a book that is closely connected to real markets, examines the uses of derivatives but warns against their abuses, and presents only the necessary quantitative material in an 'easily digestible form' (and no more!)" - in jacket.

Preface --- Introduction to derivatives --- Derivatives and risk management --- Interest rates --- Stocks --- Forwards and futures --- Options --- Arbitrage and trading --- Financial engineering and swaps --- Forwards and futures --- Forward and futures markets --- Futures trading --- Futures regulations --- The cost of carry model --- The extended cost of carry model --- Futures hedging --- Options --- Options markets and trading --- Option trading strategies --- Option relations --- Single period binomial model --- Multiperiod binomial model --- The black-scholes-merton model --- Using the black-scholes-merton model --- Interest rate derivatives --- Yields and forward rates --- Interest rate swaps --- Single period binomial hjm model --- Multiperiod binomial hjm model --- The hjm libor model --- Risk management models --- Appendix: mathematics and statistics --- References --- Notation --- Glossary --- Results --- Additional sources and websites --- Books on derivatives and risk management..