Derivatives: markets, valuation, and risk management

Front Matter

Derivative Markets. Derivative Contracts and Markets

Fundamentals of Valuation. Assumptions and Interest Rate Mechanics

Relation between Return and Risk

Forwards/Futures/Swap Valuation. No-Arbitrage Price Relations: Forwards, Futures, Swaps

Risk Management Strategies: Futures

Option Valuation. No-Arbitrage Price Relations: Options

Valuing Standard Options Analytically

Valuing Nonstandard Options Analytically

Valuing Options Numerically

Risk Management Strategies: Options

Stock Derivatives. Stock Products

Corporate Securities

Compensation Agreements

Stock Index Derivatives. Stock Index Products: Futures and Options

Stock Index Products: Strategy Based

Currency Derivatives. Currency Products

Interest Rate Derivatives. Interest Rate Products: Futures and Options

Interest Rate Products: Swaps

Credit Products

Valuing Interest Rate Products Numerically

Commodity Derivatives. Commodity Products

Lessons Learned. Key Lessons

Elementary Statistics

Regression Analysis

Statistical Tables

Glossary of Derivatives-Related Terms.