Introduction to Derivative Financial Instruments: Bonds, Swaps, Options, and Hedging

Capa
McGraw Hill Professional, 02/03/2008 - 400 páginas
  • Over 6,000 banking, industrial, and government executives worldwide have participated in the author's seminars
  • The value of the hedge fund market in 2007 has already topped $1.5 trillion.

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Índice

Beware of Assumed Exposure and Illiquidity
95
Options
147
Risk Control for Options
225
Futures Forwards and Swaps
269
Index
349
Direitos de autor

Palavras e frases frequentes

Passagens conhecidas

Página 24 - For want of a nail, the shoe was lost, For want of a shoe, the horse was lost, For want of a horse, the rider was lost, For want of a rider, the battle was lost, For want of a battle, the kingdom was lost, And all for the want of a horseshoe nail.
Página 15 - An option is a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset, at a specific price, on or before a certain date.
Página 91 - ... resulting designation. • For a derivative designated as a hedge of the exposure to changes in the fair value of a recognized asset or liability or a firm commitment (referred to as a fair value hedge), the gain or loss...
Página 156 - Option: Gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a given date.
Página 39 - ... makes a profit. The lower the spot price, the more is the profit he makes. If the spot price of the underlying is higher than the strike price, he lets his option expire unexercised.
Página 143 - ... not affect earnings. Our proposed standard provides optional hedge accounting for many derivatives. Gains or losses on derivatives that qualify for hedge accounting, that is that are effective and do not have a speculative aspect to them, should have little or no net effect on a company's earnings. They will be offset by comparable losses or gains on the thing that is being hedged, and the result is little or no volatility in earnings.
Página 42 - An options contract bestows upon its owner the right, but not the obligation, to buy or sell the underlying futures contract at a specified time and "strike
Página 287 - Forward Rate Agreement (FRA): A contract in which two counterparties agree on the interest rate to be paid on a notional deposit of specified maturity at a specific future time.
Página 66 - Testimony to the US House of Representatives Committee on Banking, Finance, and Urban Affairs on...

Acerca do autor (2008)

Dimitris N. Chorafas, Dr.Sc., has worked internationally as an advisor to financial institutions and industrial corporations since 1961. Over 6,000 banking, industrial, and government executives worldwide have participated in his seminars. Dr. Chorafas is the author or numerous business titles, including McGraw-Hill's Managing Derivative Risk Dr. Chorafas has taught at universities in the United States, Canada, Germany, and Switzerland.

Informação bibliográfica