Join Amazon Prime and get unlimited Free One-Day Delivery. Already a member? Sign in.

 

or
Sign in to turn on 1-Click ordering.
 
   
More Buying Choices
19 used & new from £20.62

Have one to sell? Sell yours here
 
   
Hedging Instruments and Risk Management: How to Use Derivatives to Control Financial Risk in Any Market (McGraw-Hill Library of Investment & Finance)
 
 

Hedging Instruments and Risk Management: How to Use Derivatives to Control Financial Risk in Any Market (McGraw-Hill Library of Investment & Finance) (Hardcover)

by Patrick Cusatis (Author), Martin Thomas (Author) "Hedging is an approach to risk management that uses financial instruments to neutralize the systematic risk of price changes or cash flows ..." (more)
No customer reviews yet. Be the first.
RRP: £38.99
Price: £29.49 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
You Save: £9.50 (24%)
In stock.
Dispatched from and sold by Amazon.co.uk. Gift-wrap available.

Only 2 left in stock--order soon (more on the way).

Want guaranteed delivery by Wednesday, July 8? Choose Express delivery at checkout. See Details
12 new from £26.72 7 used from £20.62

Frequently Bought Together

Hedging Instruments and Risk Management: How to Use Derivatives to Control Financial Risk in Any Market (McGraw-Hill Library of Investment & Finance) + Understand Derivatives in a Day + Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series)
Price For All Three: £74.30

Show availability and shipping details


Customers Who Bought This Item Also Bought

Options, Futures, and Other Derivatives (Prentice Hall Series in Finance)

Options, Futures, and Other Derivatives (Prentice Hall Series in Finance)

by JOHN C HULL
4.4 out of 5 stars (18)  £53.87
The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies

The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies

by Guy Cohen
5.0 out of 5 stars (1)  £29.44
Trading in the Zone

Trading in the Zone

by Mark Douglas
4.4 out of 5 stars (15)  £23.99
The Black Swan: The Impact of the Highly Improbable

The Black Swan: The Impact of the Highly Improbable

by Nassim Nicholas Taleb
3.3 out of 5 stars (110)  £6.16
Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series)

Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series)

by Andrew M. Chisholm
5.0 out of 5 stars (3)  £36.75
Explore similar items

Product details


Customers Viewing This Page May Be Interested in These Sponsored Links

  (What is this?)
Keep All Your Profits
   www.CMCMarkets.co.uk    We'll Cover Your Losses. With the Trading IQ© Risk Free Trading Day 
Wealth Management Abroad:
   www.deVereAndPartners.com    Offshore Financial Advice For You. Learn More Online Today! 
Derivatives
   internaxx.lu/derivatives    Get Discount Rates With Internaxx Download Our Free Demo Today 
  
 

Product Description

Product Description
Books on complex hedging instruments are often more confusing than the instruments themselves

Hedging Instruments & Risk Management brings clarity to the topic, giving money managers the straightforward knowledge they need to employ hedging tools and techniques in four key markets—equity, currency, fixed income, and mortgage.

Using real-world data and examples, this high-level book shows practitioners how to develop a common set of mathematical and statistical tools for hedging in various markets and then outlines several hedging strategies with the historical performance of each.

From the Back Cover

A straightforward approach to hedging risk in equity, fixed income, commodity, currency, and mortgage markets

Hedging is today’s key risk management tool for financial professionals in a wide variety of roles and markets. Yet while markets each have a unique set of characteristics, most share a fundamental structure that allows risks to be managed using a common set of mechanics, tools and techniques.

Hedging Instruments & Risk Management is the first guidebook to examine these tools as they apply to each market. It provides portfolio managers, corporate treasurers, and other finance practitioners and professionals with:

  • Mathematical and statistical concepts required to construct, implement, and evaluate an effective hedge
  • Characteristics of key hedging tools and techniques, including futures, swaps, and options
  • Hedging strategies for commodity, currency, equity, bond, and mortgage risk markets, with historical performance of each

Financial risk impacts virtually every business operation, yet can be managed using a relatively uniform set of techniques. Hedging Instruments & Risk Management is a clearly-written guide to the mechanics of using these techniques to hedge in today’s risk-driven marketplace.

“Most markets share a fundamental structure that can be managed with a common set of mechanics. Our objective in writing this book is to provide the reader with a self-contained, accessible guide to the mechanics and risks of hedging in various markets.”

--From Chapter 1

Businesses are exposed to systematic price risk in many forms. Because this risk exposure can impact the ability to forecast, plan, or even operate a business in an efficient and competitive manner, most financial decision-makers turn to hedging to neutralize this risk so they can focus on core business opportunities.

Hedging Instruments & Risk Management provides a comprehensive and results-oriented approach to making informed hedging decisions. Focusing on practical details of key hedging instruments as well as insights into the real-world application of these instruments, this finance practitioner’s handbook covers information including:

  • Basic concepts of valuation, including how to accurately calculate present value of future cash flows
  • Mathematics of bond pricing and risk measurement, including volatility, duration, and convexity
  • How to extract spot and implied forward rates from coupon bonds, as well as construct a swap zero-coupon yield curve from market prices
  • Structure and uses of the futures markets, including specifications of major contracts in commodity, fixed income, and equity markets
  • Basic knowledge of binomial option pricing, along with Black-Scholes options pricing models and extensions
  • Techniques for hedging exposure to commodity price fluctuations and foreign currency risk
  • Effective ways for corporate bond issuers to protect against interest rate risk using swaptions, forward delivery bonds and swaps
  • Swap contract structure, pricing, and volatility, including descriptions of plain vanilla interest rate swaps as well as more complex contracts such as currency, equity, basis, credit default, and total rate of return swaps

Hedging allows financial professionals to accomplish a number of risk management objectives, from decreasing cash flow volatility and offsetting interest rate fluctuations to minimizing price risk, default risk, and more. In a world of razor-thin margins, the challenge is to select a hedge that provides the most protection while incurring the least expense. Hedging Instruments & Risk Management compiles the information, data, definitions, and examples hedgers need to consistently meet this challenge, and develop a stable, long-term, and cost-effective hedging strategy.



See all Product Description

Inside This Book (Learn More)
First Sentence
Hedging is an approach to risk management that uses financial instruments to neutralize the systematic risk of price changes or cash flows. Read the first page
Explore More
Concordance
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Search inside this book:

Suggested Tags from Similar Products

 (What's this?)
Be the first one to add a relevant tag (keyword that's strongly related to this product)
Check a corresponding box or enter your own tags in the field below
finance

Your tags: Add your first tag
 

Customer Reviews


There are no customer reviews yet.   Create your own review
Video reviews
Video reviews
New feature! Amazon now allows customers to upload product video reviews. Use a webcam or video camera to record and upload reviews to Amazon.



Customer Discussions

 Beta (What's this?)
This product's forum (0 discussions)
  Discussion Replies Latest Post
  No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
  [Cancel]

   


Listmania!


Look for similar items by category


Look for similar items by subject


Feedback


The Body Shop

The Body Shop - Vitamin C Skin Boost
Protect and boost your glow with The Body Shop Vitamin C Skin Boost.

Shop The Body Shop

 

Beauty without the Beast

Olay Regenerist Daily 3 Point Treatment Cream
From au naturel to party glam, we have all the best names in cosmetics and skincare.

Discover Beauty at Amazon.co.uk

 

Train Hard...Play Hard

Nike, Gola, Converse, and more
Gear up with up to 60% off athletic and outdoor shoes.

Shop now

 

Treat Someone

Amazon.co.uk Gift Certificates--available in any amount from £5 to £500 With an Amazon.co.uk Gift Certificate, you can get them what they want (even if you don't know what that is).

Learn more about Gift Certificates

 
Ad

Where's My Stuff?

Delivery and Returns

Need Help?

Your Recent History

  (What's this?)
You have no recently viewed items or searches.

After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in.

Look to the right column to find helpful suggestions for your shopping session.

Continue Shopping: Top Sellers

amazon.co.uk Amazon Home
International Sites:  United States  |  Germany  |  France  |  Japan  |  Canada  |  China
Business Programs: Sell on Amazon  |  Fulfilment by Amazon  |  Join Associates  |  Join Advantage
Customer Service  |  Help  |  View Basket  |  Your Account
About Amazon.co.uk  |  Careers at Amazon
Conditions of Use & Sale |  Privacy Notice  © 1996-2009, Amazon.com, Inc. and its affiliates