his highly acclaimed text, designed for postgraduate students of management, commerce, and financial studies, has been enlarged and updated in its second edition by introducing new chapters and topics with its focus on conceptual understanding based on practical examples. Each derivative product is illustrated with the help of diagrams, charts, tables and solved problems. Sufficient exercises and review questions help students to practice and test their knowledge. Since this comprehensive text includes latest developments in the field, the students pursuing CA, ICWA and CFA will also find this book of immense value, besides management and commerce students.
This book Useful for Management, Commerce, CA students.
Section I: Financial Derivatives—The Background
1. Financial Derivatives: An Introduction
2. Futures Market and Contracting
3. Forward Market: Pricing and Trading Mechanism
4. Futures Pricing: Theories and Characteristics
Section II: Financial Derivatives—Indian Scenario
5. Financial Derivatives Markets in India
6. Regulation of Financial Derivatives in India
Section III: Specific Financial Futures and Forwards
7. Hedging Strategy Using Futures
8. Stock Index Futures
9. Forward Rate Agreements
10. Short-term Interest Rate Futures
11. Long-term Interest Rate Futures
12. Foreign Currency Futures
13. Foreign Currency Forwards
Section IV: Financial Swaps
14. Swaps Markets
15. Pricing and Hedging of Swaps
Section V: Options Derivatives
16. The Options—The Basics
17. Option Pricing Models
18. Trading with Options
19. Hedging with Options
20. Currency Options
Section VI: Other Derivatives
21. Advanced Financial Derivatives
22. Credit Derivatives
23. Real Options
24. Commodity Derivatives Market
Section VII: Financial Derivatives—Miscellaneous Issues
25. Accounting and Taxation of Derivatives
26. Risk Management in Derivatives
Answers to Unsolved Problems
Appendices
Glossary
Bibliography
Index
