Description
Book SynopsisFocusing on the structuring and practical applications of derivatives, this book introduces the reader to a flexible approach, emphasizing 'financial architecture'. It explains the reasons why derivatives exist and why there is such a large variety.
Trade Review"...there is no question that many industry participants will learn from and enjoy reading his book." (Risk, March 2002)
Table of ContentsPreface.
The General Framework.
Stocks and Stock Market Indices.
Special Contract Features.
Index-Linked Cash Flows.
Pricing and Hedging.
Improved Efficiency.
Risk Management.
Reducing the Costs of Buying Options.
Equity-Linked Bull Notes.
Raising the Participation Rate.
Market Timing and Non-Bullish Views.
Digital and Coupon Bearing Notes.
Equity-Linked Saving.
Appendix A.
Appendix B.
Appendix C.
Bibliography.
Index.
