Research Catalog

Title

Currency and interest rate hedging : a user's guide to options, futures, swaps, & forward contracts / Torben Juul Andersen.

Author

Andersen, Torben Juul.

Publication

New York : New York Institute of Finance, [1993], ©1993.

Items in the Library & Off-site

Holdings

Details

Description

xii, 387 pages : illustrations; 24 cm

Summary

• Dramatic changes in foreign exchange rates between the major international currencies, along with extreme pressures on the European Monetary System, have made the hedging of currency and interest rate exposures more important than ever. In response to those changes, this definitive work on currency and interest rate hedging has been completely revised to provide the most up-to-date currency and interest rate hedging strategies available to today's financial market participant.
• The book describes and evaluates all of the major market developments that have taken place in the early nineties, including the expansion of futures exchanges in European markets, the introduction of a vast array of new financial futures products, and an expanding product range in the bank-driven OTC market.
• The book also provides readers with a thorough grounding in the basic components of generic product elements - whether structured on floors, caps, swaps or other types of instruments - in order to better understand all of the possibilities in the hedging market. In addition, you'll find a wealth of useful reference information including definitions, formulae with sample calculations of all the appropriate risk and hedging concepts, and realistic case discussions and sample calculations.
• The new edition retains the clearly written presentation, abundance of hands-on applications, and wealth of new insights on market instruments that made its previous version a bestseller in its field. It is a significant asset to potential hedgers who must remain current with all of the financial market alternatives, to market practitioners who need to stay abreast of competition from alternative markets, and to students who wish to broaden their understanding of the full financial market picture.

Subject

• Foreign exchange futures
• Hedging (Finance)
• Financial futures
• Interest rate futures
• Options (Finance)

Bibliography (note)

• Includes bibliographical references (p. 368-376) and index.

Contents

Pt. 1. The Argument for Hedging. Ch. 1. International Trade and Payments. Ch. 2. Financial Exposure -- Pt. 2. Financial Futures. Ch. 3. The Futures Contract. Ch. 4. Types of Contracts. Ch. 5. Hedging with Financial Futures -- Pt. 3. Options and OTC Financial Services. Ch. 6. The Option Contract. Ch. 7. Types of Contracts. Ch. 8. Profitability Patterns. Ch. 9. Hedging with Option Contracts. Ch. 10. Forward Agreements. Ch. 11. Currency Option Agreements. Ch. 12. Interest Rate Agreements. Ch. 13. Interest Rate and Currency Swaps. Ch. 14. Comparative Analysis -- Ch. 15. Concluding Remarks -- Appendix I: Forecasting Techniques -- Appendix II: Establishing Different Option Strategies on Cash Market Positions -- Appendix III: Standard Documentation.

ISBN

0132261014 :

LCCN

93023811

OCLC

ocm28183963

Owning Institutions

Columbia University Libraries