دانلود کتاب Mastering Derivatives Markets: A Step-by-Step Guide to the Products, Applications and Risks

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Cover
Mastering Derivatives Markets
The author
Contents
Author’s acknowledgements
Publisher’s acknowledgements
Foreword
Contributors
Background and Development of the Derivatives Markets
Market background
Introduction
Key features
Uses of derivatives
Range of derivatives
Increasing use of the Central Counterparty Model (CCP)
Risk and benchmarking
Market volume
Users and uses of derivatives markets
Straight Through Processing (STP)
Market Fundamentals
Introduction
How banks generate income
Three key assumptions
Role and use of LIBOR
Day counts
Financial maths
Calculating forward rates
Marking to market (MTM or M2M)
Yield curves
Quiz
Risk – a Primer
Introduction
Financial risks: market, credit, liquidity
Operational risk
More esoteric risks
Derivatives Fundamentals
Range of derivatives
What is a vanilla trade?
Settlement
Triggers
Liquidity and credit risk
Understanding the \'underlying’
Benchmarks
Fair value
Dealing with derivatives
Basic Option Concepts
Introduction
Option pricing
Option mechanics
Interest Rate Derivatives – Single Settlement Instruments
Introduction
Single settlement interest rate derivatives
Financial futures contracts
Forward rate agreements (FRAS)
Interest rate options (IROS)
Quiz
Interest Rate Derivatives – OTC Multiple Settlement Instruments
Introduction
Interest rate caps and floors
Interest rate collars
Interest rate swaps
Quiz
Benchmarking in the OTC Derivatives Markets
Financial benchmarking for derivatives
Liquidity benchmarking for derivatives
Operational risk measurements for derivatives
Conclusion
Currency Derivatives
Introduction
Over the counter currency options
Currency options: reduced premium strategies
Simple exotic structures
Currency swaps
Exchange-traded instruments
Quiz
The Impact of Electronic Trading on the FX Market
The early years
FX as part of a commodity portfolio
First electronic dealing platforms
Electronic market making
Phases I and II
Point and click vs algo traders
The impact of the credit crisis on banks\' FX trading
Phase III
Credit Derivatives
Introduction
What is credit risk?
Styles of trading
The first deals
Range of credit derivatives
Credit default swaps
Central Clearing and the OTC Market
The basics
Trade execution
Risks and mitigation
Getting trades into clearing
The business case and benefits
Predictions for market development
Terminology
Equity Derivatives
Introduction
Background
Single stocks or equity indices?
Stock index futures
Stock index options
Single stock options
Equity index swaps
Commodity Derivatives
Introduction
Exchange-traded energy derivatives
Exchange-traded futures contracts
Exchange-traded energy option contracts
OTC or ‘off-exchange’ energy derivatives
OTC option products
OTC oil swaps
Carbon Derivatives and Environmental Products
What are carbon markets?
Volumes and value
Overview of regulation
Carbon instruments
What drives carbon prices?
Trading carbon: in practice
Conclusion
Regulation in the Derivatives Markets
Why regulate the derivatives markets?
Who regulates the derivatives markets?
Regulatory models and objectives
Supervisory aims – equal access to markets
Market integrity
Market abuse and manipulation
The role of market surveillance
Efficient markets
Continuing regulatory challenges
Glossary
Answers to Quizzes
Index