Derivatives Unlocked

Derivates Unlocked: A Practitioner's Perspective offers the reader a practical explanation of the key concepts underpinning financial derivatives. Resolutely selective and user-friendly, this book constitutes an introduction to the basic pricing, design and use cases of derivatives products in modern global finance.

The book is articulated around two parallel streams of content. On the one hand, the Derivatives Toolbox comes as a set of calculation and pricing rules behind the building blocks of most derivatives products, such as discounting, duration, interest rates and credit default swaps, forwards and options. The methodology is approachable, simplified whenever possible, and does not require advanced mathematical training.

On the other hand, the Case Studies, largely inspired by real European corporate finance and risk management situations, allow the reader to make explicit use of the design and pricing principles learned as he progresses through the Toolbox and to grasp the effective power of derivatives solutions.

Features:

• Easy to follow for non-specialists, helping them build a solid and empirical foundation to encourage continued learning.
• Provides a unique and balanced combination between learning essential pricing tools for the main derivatives products and the real-life applications of the technology across corporate and financial institutions.
• Contains numerous case studies and other support material making it suitable for both students and practition.