Financial Derivatives: pricing and risk management 9780470541746, 0470541741

Table of contents :
""Title Page""
""Copyright Page""
""Introduction""
""Acknowledgements""
""PART I --
Overview of Financial Derivatives""
""CHAPTER 1 --
Derivative Instruments""
""INTRODUCTION""
""A GENERALIST’S APPROACH TO DERIVATIVE CONTRACTS""
""STRUCTURED PRODUCTS AND AN APPLICATION TO DERIVATIVE CONTRACTS""
""CONCLUSION""
""ENDNOTES""
""REFERENCES""
""ABOUT THE AUTHOR""
""CHAPTER 2 --
The Derivatives Marketplace""
""INTRODUCTION""
""STANDARDIZATION VERSUS CUSTOMIZED PRODUCTS: DIFFERENCES IN STRUCTURE AND APPROACH""
""COMPETITION AND CONSOLIDATION: IMPETUS FOR CHANGE"" ""MOVING FROM BILATERAL TO MULTILATERAL RISK MANAGEMENT""""TRANSPARENCY AND INFORMATION IN THE EXCHANGE AND OTC MARKETPLACES""
""CONCLUSION""
""ENDNOTES""
""REFERENCES""
""ABOUT THE AUTHOR""
""CHAPTER 3 --
Speculation and Hedging""
""HEDGING TRANSACTIONS""
""SPECULATION""
""FROM HEDGING TO SPECULATION""
""INTERACTION BETWEEN HEDGERS AND SPECULATORS""
""CONCLUSION""
""ENDNOTES""
""REFERENCES""
""ABOUT THE AUTHOR""
""CHAPTER 4 --
The Social Functions of Financial Derivatives""
""HEDGING AND RISK TRANSFER""
""PRICE DISCOVERY""
""INTERTEMPORAL RESOURCE ALLOCATION"" ""ASSET FINANCE""""SYNTHETIC ASSET ALLOCATION""
""ENDNOTES""
""FURTHER READING""
""REFERENCES""
""ABOUT THE AUTHOR""
""PART II --
Types of Financial Derivatives""
""CHAPTER 5 --
Agricultural and Metallurgical Derivatives""
""INTRODUCTION""
""COMMODITIES""
""SEASONALITY IN SPOT AND FUTURES PRICES""
""FUTURES PRICING""
""CONCLUSION""
""REFERENCES""
""SUGGESTED FURTHER READING""
""ABOUT THE AUTHOR""
""CHAPTER 6 --
Agricultural and Metallurgical Derivatives""
""INTRODUCTION""
""COMMODITIES""
""DERIVATIVES""
""COMMODITY INVESTMENT STRATEGIES""
""HEDGING""
""SPREADS"" ""CONCLUSION""""REFERENCES""
""SUGGESTED FURTHER READING""
""ABOUT THE AUTHOR""
""CHAPTER 7 --
Equity Derivatives""
""INTRODUCTION""
""STOCK OPTIONS""
""EQUITY FUTURES""
""EQUITY SWAPS""
""FUTURE OF EQUITY DERIVATIVES""
""REFERENCES""
""FURTHER READING""
""ABOUT THE AUTHORS""
""CHAPTER 8 --
Foreign Exchange Derivatives""
""BASIC PRICING PRINCIPLES""
""FOREIGN EXCHANGE FORWARD AND FUTURES CONTRACTS""
""FOREIGN EXCHANGE OPTIONS""
""FX OPTION PRICING""
""PLAIN VANILLA FOREIGN EXCHANGE SWAPS""
""FLAVORED CURRENCY SWAPS""
""CONCLUSION""
""ENDNOTES""
""REFERENCES"" ""ABOUT THE AUTHOR""""CHAPTER 9 --
Energy Derivatives""
""INTRODUCTION""
""PRODUCTS: AN OVERVIEW""
""HISTORY""
""PETROLEUM DERIVATIVES: DETAILS""
""NATURAL GAS DERIVATIVES: DETAILS""
""ELECTRICITY DERIVATIVES: DETAILS""
""PRICING""
""CLEARING""
""RECENT DEVELOPMENTS""
""REFERENCES""
""ABOUT THE AUTHOR""
""CHAPTER 10 --
Interest Rate Derivatives""
""EXCHANGE-TRADED (LISTED) DERIVATIVES""
""OVER-THE-COUNTER DERIVATIVES""
""FURTHER READING""
""ABOUT THE AUTHOR""
""CHAPTER 11 --
Exotic Options""
""OVERVIEW""
""FORWARD-START OPTIONS""
""COMPOUND OPTIONS""
""CHOOSER OPTIONS""