Financial swap transactions

Author: Zhu Guohua, Mao Xiaoyun
Publisher:
Publish Date: 2006-12-01
Features: One of the teaching materials series for financial and financial studies in higher education institutions, introducing financial swap transactions. The main content includes: the mechanism of interest rate swaps and currency swaps, participants in financial swaps and swap contracts, the application and analysis of financial swap transactions, operational techniques of financial swap transactions, pricing and valuation of financial swap transactions, and extended applications of swaps such as commodity swaps and stock index swaps. For a financial instrument, there are two types of people who pay close attention. One is the designer of the product, and the other is the user of the financial instrument. For the first type, those who wish to promote a financial transaction tool must understand its accounting and tax implications; the second type must clearly understand the economic theory and impact of the transaction tool to control related risks. This book attempts to explain to readers why swaps are implemented? What tools are commonly used for swaps? How are swaps conducted? Are swaps risky? How to perform practical operations in swaps? The framework provided in this book will be helpful to both types of people, allowing readers to fully understand the design structure and operational mechanisms of swap transactions.