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Interest Rate Swaps and Other Derivatives
The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them.
Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.
Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.
624 pages, Hardcover
First published June 19, 2012
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Displaying 1 of 1 review
December 31, 2014
Great succinct writing with comprehensive math dets if you want to start modeling parts up. Really helpful on the desk when I don't want to annoy the PMs.
By far the most comprehensive account explaining the 1993 Orange County bankruptcy by repo-ing out levered inverse floaters. Ha! Even walks through the duration profile and mathematical reaction of the portfolio (kaBOOM!) when fed raised rates. Lots of great nuggets throughout the book!
5/5 for sure
By far the most comprehensive account explaining the 1993 Orange County bankruptcy by repo-ing out levered inverse floaters. Ha! Even walks through the duration profile and mathematical reaction of the portfolio (kaBOOM!) when fed raised rates. Lots of great nuggets throughout the book!
5/5 for sure
Displaying 1 of 1 review