Financial Engineering: Tools and Techniques to Profit from Financial Risk (Financial Times) - Hardcover

Galitz, Lawrence

 
9780273600039: Financial Engineering: Tools and Techniques to Profit from Financial Risk (Financial Times)

Synopsis

Financial engineering and the use of derivatives is critical for any corporation that needs to manage financial risk. It is vital for business managers to understand the use of derivatives and the risks involved. Written with a clear and concise style, Financial Engineering: Tools and Techniques to Manage Financial Risk carefully explains the tools of financial engineering and defines each instrument in depth. It describes the markets in which they are traded, and explains how each product is priced and hedged. All applications are illustrated with fully-worked practical examples, and recommended tactics and techniques are "tested" by demonstrating the results with recent historical data.

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Synopsis

Financial engineering is the use of financial instruments to replace not only the risk with certainty, but also to eliminate adverse risk while preserving beneficial risk. This text shows managers how to become sophisticated financial engineers and choose the right techniques to manage a variety of common financial risks. It covers the tools of financial engineering, clearly defines each instrument, describes the markets in which they are traded and explains how each product is priced and hedged. It then considers the ways in which financial engineering techniques may be applied. It also includes financial futures; swaptions; "exotic" options; caps, floors and collars; currency options; FRAs and SAFEs; currency and interest-rate swaps; interest rate options and IRGs. This text is suitable for corporate treasurers, finance directors, investment managers, bankers, dealers and traders.

About the Author

Lawrence C. Galitz is Director of ACF Consultants Ltd.

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