Derivative Financial Instruments and Risk Management (5th Edition)

Author: (USA) Qian Chen, Zheng Lei
Publisher:
Publish Date: 2004-05-01
Features: This book comprehensively covers all research on financial instruments known as derivative financial instruments. From it, you will learn about the types of derivative financial instruments, including options, forwards, futures, swaps, and numerous variations derived from these basic instruments. Derivative financial instruments are powerful, effective tools that can alter an organization's risk or the risk of its securities investments. In this book, you will learn about the characteristics of these instruments, how they are priced, how they are used in investment and trading strategies, and how to manage the risks they introduce, as well as how to leverage them to manage existing risks. The book encompasses outstanding theoretical achievements on almost all derivative financial instruments, including options, futures, forwards, swaps, and many variations derived from them. Additionally, you will encounter the world's most widely used derivative financial instruments—currency and interest rate derivatives. Through this book, you will learn how to use these instruments and their portfolios, understand the risks involved, and learn how to manage these risks to turn them into profits.
Key Features of the Book:
· Comprehensive and Systematic. Covers almost all derivative products in domestic and international financial markets.
· Strong Practicality. Combines case studies and charts to present theoretical frameworks, emphasizing close integration with practical applications.
· Easy to Understand. No advanced financial knowledge or mathematical background is required—you will find it easy to learn and apply the pricing policies and investment strategies demonstrated in the book.
· Rich in Case Studies. The book is woven throughout with the case of AOL, supplemented by numerous virtual and real-life small cases closely tied to actual transactions, making it easy for you to learn and apply.
· Explores Cutting-Edge Fields. Covers areas where fundamental products (such as stock-bond, stock-futures) intersect with derivative products, while emphasizing the interplay among various derivative instruments like options, forwards/ futures.