Derivatives

Whether you are learning the ropes of the investment industry or have been a practicing investor or risk manager for many years, Derivatives offers you a conceptual framework for mastering basic derivatives, derivative markets, and using options in risk management. This authoritative guide is a turnkey solution to understanding these financial instruments that have become essential to effectively managing financial risk and creating synthetic exposures to asset classes. Comprehensive in scope and depth of coverage, this volume provides access to the most prestigious, professional-quality information on managing your investment portfolios. The editors and contributors bring a wealth of global, practical expertise and world-class knowledge in a framework that enables you to take action on informed decisions with confidence in the real world. Like all books in the CFA Institute Investment Series, meticulous attention to detail is given to ensure a fully up-to-date treatment of subject matter, accuracy of mathematical formulas, and strong pedagogical methodology to streamline and fortify the learning process. Throughout the pages of this guide, illustrative examples, charts, tables, and graphs visually clarify the covered concepts. Additionally, chapter summaries highlight the key takeaways for both review and quick reference, practice problems give you a way to test your comprehension, and new tools ensure you gain every benefit from the valuable material. For those who want to take their skillset further, a companion workbook is available which contains learning outcomes and summary overview sections as well as challenging problems with solutions that all sync with the main book. No other instructive resource on the market offers a faster or more thorough way to master: Forward, futures, options, and swaps markets Valuation of forward, futures, options, and swap contracts Best practices for using derivatives in portfolio and risk management Derivatives is your best-in-class guidebook from the premier association for investment professionals around the world.