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Swaps and Other Derivatives (The Wiley Finance Series)
 
 
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Swaps and Other Derivatives (The Wiley Finance Series) [Hardcover]

Richard R. Flavell

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Frequently Bought Together

Swaps and Other Derivatives (The Wiley Finance Series) + Interest Rate Swaps and Their Derivatives: A Practitioner's Guide (Wiley Finance) + Exotic Options and Hybrids: A Guide to Structuring, Pricing and Trading (The Wiley Finance Series)
Price For All Three: £125.12

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Richard Flavell
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Product Description

Product Description

The swaps market is a central market to many businesses, especially among the most liquid of financial contracts. Fully revised and updated from the first edition, Swaps and Other Derivatives offers a new insight on the growth of swaps markets worldwide. Additionally, this reference provides new chapters on FRA curve, asset packaging, theory of hedging, swapping structured securities, Value–at–Risk, convexity adjustments, and the impact of Credit Derivatives. Including a CD with practical examples and working simulations, this resource guides finance practitioners on the pricing and hedging of swaps.

From the Inside Flap

"This new second edition of Swaps and Other Derivatives leads the reader from simple swap pricing to more complex derivatives and different approaches to risk management of these. The theory is complemented by easy to understand examples and exercises in spreadsheets. The structure of the book is intuitive and will benefit both practitioners and those wanting to get a solid understanding of the complex world of swaps and other derivatives."
Lars Drauschke, First Vice President, Danske Bank

"Richard once again shows his rare gift of simplifying complex issues in a very practical way in this book. His building block approach ensures there is value to be had for all readers; for the non–quantitatively–adept practitioner or executive there is an easily understood conceptual framework off which to gain a sound understanding of the main–stream derivative market, and for the more quantitative reader this book will serve as a well structured reference framework by which to consider and value most main–stream derivative instruments, as well as manage attendant risks. Richard′s books have long been one of my first ports of call in developing my own understanding of the market and of valuation. I have never hesitated to recommend the same to others. This book does not look likely to break that trend."
Peter Blenkinsop, Global Head of Risk, Rand Merchant Bank, a division of FirstRand Bank Limited


Inside This Book (Learn More)
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Amazon.com:  8 reviews
20 of 22 people found the following review helpful
Flavell's book find the right balance 14 July 2002
By "paulc2708" - Published on Amazon.com
Format:Hardcover
Whilst I have only read the first 100 pages or so of Favell's book so far, my impression is very favourable. This is simply an excellent book that finds the perfect middle ground between academic texts and introductory works, both of which usually leave out practical market issues such as day count conventions, business day adjustments, rounding rules, interpolation concerns, available market data etc

As a quant working for financial software company finding the detailed information required to write documentation to drive software development is often difficult. This book supplies the level of detail needed, and also contains excellent descriptions of different pricing methodologies for interest rate swaps.

Later chatpers on risk management and pricing of other derivatives look equally impressive, and I look forward to reading them.

This is the best book on swaps that I seen so far; a definite improvement on Das in my opinion.

3 of 3 people found the following review helpful
lacks pedagogy 5 Dec 2010
By Oquant - Published on Amazon.com
Format:Hardcover
The book has a great practical and market oriented approach however the author makes no effort to help the reader understand the content. Unless you already have considerable practical knowledge about the products covered or unless you go through all the excel sheet examples whilst reading the book, you will probably have a tough time understanding everything. (This is totally unrelated to any sort of maths knowledge, although you'll suffer even more if you do not have a good quant background for some of the chapters on options and vol swaps.) It's a pity, the book could have truly been a great book had the author put more effort in helping the reader. This being said if you invest enough time you will most certainly increase your knowledge base significantly.
1 of 1 people found the following review helpful
Practical approach to interest rate derivatives 30 May 2011
By Wojciech - Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
Very good for people looking for market practice in the area of plain vanilla interest rate derivatives. Describes market conventions, and valuation approach. I was a bit disappointed when realized, that the second edition which was published long after the crises does not handle the single currency tenor basis swaps issues and impact of collateralization on valuation in depth that is needed for successful implementation. Nevertheless, still very good position, must have, read and understand.

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