Hedging Instruments And Risk Management

Author : Patrick Cusatis
Publisher : McGraw Hill Professional
ISBN 13 : 9780071454537
Total Pages : 396 pages
Book Rating : 4.35/5 ( download)

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Download or read book Hedging Instruments and Risk Management written by Patrick Cusatis and published by McGraw Hill Professional. This book was released on 2005-02-22 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Books on complex hedging instruments are often more confusing than the instruments themselves. Hedging Instruments & Risk Management brings clarity to the topic, giving money managers the straightforward knowledge they need to employ hedging tools and techniques in four key markets—equity, currency, fixed income, and mortgage. Using real-world data and examples, this high-level book shows practitioners how to develop a common set of mathematical and statistical tools for hedging in various markets and then outlines several hedging strategies with the historical performance of each.

Author : Simo M. Dafir
Publisher : John Wiley & Sons
ISBN 13 : 1119026733
Total Pages : 312 pages
Book Rating : 4.30/5 ( download)

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Download or read book Fuel Hedging and Risk Management written by Simo M. Dafir and published by John Wiley & Sons. This book was released on 2016-03-11 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hands-on guide to navigating the new fuel markets Fuel Hedging and Risk Management: Strategies for Airlines, Shippers and Other Consumers provides a clear and practical understanding of commodity price dynamics, key fuel hedging techniques, and risk management strategies for the corporate fuel consumer. It covers the commodity markets and derivative instruments in a manner accessible to corporate treasurers, financial officers, risk managers, commodity traders, structurers, as well as quantitative professionals dealing in the energy markets. The book includes a wide variety of key topics related to commodities and derivatives markets, financial risk analysis of commodity consumers, hedge program design and implementation, vanilla derivatives and exotic hedging products. The book is unique in providing intuitive guidance on understanding the dynamics of forward curves and volatility term structure for commodities, fuel derivatives valuation and counterparty risk concepts such as CVA, DVA and FVA. Fully up-to-date and relevant, this book includes comprehensive case studies that illustrate the hedging process from conception to execution and monitoring of hedges in diverse situations. This practical guide will help the reader: Gain expert insight into all aspects of fuel hedging, price and volatility drivers and dynamics. Develop a framework for financial risk analysis and hedge programs. Navigate volatile energy markets by employing effective risk management techniques. Manage unwanted risks associated with commodity derivatives by understanding liquidity and credit risk calculations, exposure optimization techniques, credit charges such as CVA, DVA, FVA, etc.

Author : Peter C. Fusaro
Publisher : McGraw Hill Professional
ISBN 13 : 9780786311842
Total Pages : 290 pages
Book Rating : 4.43/5 ( download)

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Download or read book Energy Risk Management written by Peter C. Fusaro and published by McGraw Hill Professional. This book was released on 1998 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the important issues of worldwide energy price risk management, this work assembles the leading industry figures to explain general theories and practices for hedging risk, and specific methods to effectively manage risk in markets such as coal, natural gas, electricity, and hydropower.

Author : Professional Risk Managers' International Association (PRMIA)
Publisher : McGraw Hill Professional
ISBN 13 : 007163164X
Total Pages : 314 pages
Book Rating : 4.48/5 ( download)

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Download or read book The Professional Risk Managers' Guide to Financial Instruments written by Professional Risk Managers' International Association (PRMIA) and published by McGraw Hill Professional. This book was released on 2007-12-21 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Techniques for pricing, hedging and trading The Professional Risk Managers' Guide to Financial Instruments will show you how manage the risk of the complex instruments offered to investors. Sponsored by PRMIA and edited by risk management experts Carol Alexander and Elizabeth Sheedy, this authoritative resource features contributions from eleven global experts who explore the major financial instruments, the valuation methods most appropriate for each, and strategies for assessing the associated market risks. The Professional Risk Managers' Guide to Financial Instruments offers step-by-step guidance in: The main types of bonds Futures and forward contracts Caps, floors, and interest rate options Swaps and swaptions Convertible bonds and other hybrid instruments Options, including exotic and path dependent pay-offs Using instruments for hedging and speculation

Author : A. Rashad Abdel-Khalik
Publisher : Routledge
ISBN 13 : 1136489290
Total Pages : 592 pages
Book Rating : 4.97/5 ( download)

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Download or read book Accounting for Risk, Hedging and Complex Contracts written by A. Rashad Abdel-Khalik and published by Routledge. This book was released on 2013-10-08 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the exponential growth in financial derivatives, accounting standards setters have had to keep pace and devise new ways of accounting for transactions involving these instruments, especially hedging activities. Accounting for Risk, Hedging and Complex Contracts addresses the essential elements of these developments, exploring accounting as related to today's most relevant topics - risk, hedging, insurance, reinsurance, and more. The book begins by providing a basic foundation by discussing the concepts of risk, risk types and measurement, and risk management. It then introduces readers to the nature and valuation of free standing options, swaps, forward and futures as well as of embedded derivatives. Discussion and illustrations of the cash flow hedge and fair value hedge accounting treatments are offered in both single currency and multiple currency environments, including hedging net investment in foreign operations. The final chapter is devoted to the disclosure of financial instruments and hedging activities. The combination of these topics makes the book a must-have resource and reference in the field. With discussions of the basic tools and instruments, examinations of the related accounting, and case studies to help students apply their knowledge, this book is an essential, self-contained source for upper-level undergraduate and masters accounting students looking develop an understanding of accounting for today’s financial realities.

Author : Michael Dempsey
Publisher : Routledge
ISBN 13 : 1000386171
Total Pages : 236 pages
Book Rating : 4.72/5 ( download)

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Download or read book Financial Risk Management and Derivative Instruments written by Michael Dempsey and published by Routledge. This book was released on 2021-05-17 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Risk Management and Derivative Instruments offers an introduction to the riskiness of stock markets and the application of derivative instruments in managing exposure to such risk. Structured in two parts, the first part offers an introduction to stock market and bond market risk as encountered by investors seeking investment growth. The second part of the text introduces the financial derivative instruments that provide for either a reduced exposure (hedging) or an increased exposure (speculation) to market risk. The fundamental aspects of the futures and options derivative markets and the tools of the Black-Scholes model are examined. The text sets the topics in their global context, referencing financial shocks such as Brexit and the Covid-19 pandemic. An accessible writing style is supported by pedagogical features such as key insights boxes, progressive illustrative examples and end-of-chapter tutorials. The book is supplemented by PowerPoint slides designed to assist presentation of the text material as well as providing a coherent summary of the lectures. This textbook provides an ideal text for introductory courses to derivative instruments and financial risk management for either undergraduate, masters or MBA students.

Author : Oleg V. Bychuk
Publisher : John Wiley & Sons
ISBN 13 : 111808537X
Total Pages : 322 pages
Book Rating : 4.70/5 ( download)

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Download or read book Hedging Market Exposures written by Oleg V. Bychuk and published by John Wiley & Sons. This book was released on 2011-06-28 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identify and understand the risks facing your portfolio, how to quantify them, and the best tools to hedge them This book scrutinizes the various risks confronting a portfolio, equips the reader with the tools necessary to identify and understand these risks, and discusses the best ways to hedge them. The book does not require a specialized mathematical foundation, and so will appeal to both the generalist and specialist alike. For the generalist, who may not have a deep knowledge of mathematics, the book illustrates, through the copious use of examples, how to identify risks that can sometimes be hidden, and provides practical examples of quantifying and hedging exposures. For the specialist, the authors provide a detailed discussion of the mathematical foundations of risk management, and draw on their experience of hedging complex multi-asset class portfolios, providing practical advice and insights. Provides a clear description of the risks faced by managers with equity, fixed income, commodity, credit and foreign exchange exposures Elaborates methods of quantifying these risks Discusses the various tools available for hedging, and how to choose optimal hedging instruments Illuminates hidden risks such as counterparty, operational, human behavior and model risks, and expounds the importance and instability of model assumptions, such as market correlations, and their attendant dangers Explains in clear yet effective terms the language of quantitative finance and enables a non-quantitative investment professional to communicate effectively with professional risk managers, "quants", clients and others Providing thorough coverage of asset modeling, hedging principles, hedging instruments, and practical portfolio management, Hedging Market Exposures helps portfolio managers, bankers, transactors and finance and accounting executives understand the risks their business faces and the ways to quantify and control them.

Author : Frank J. Beil
Publisher : Business Expert Press
ISBN 13 : 1606495917
Total Pages : 162 pages
Book Rating : 4.19/5 ( download)

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Download or read book Accounting for Derivatives and Hedging Activities written by Frank J. Beil and published by Business Expert Press. This book was released on 2013-10-09 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Derivatives, and derivatives used to hedge financial and operating functions, are designed to allow managers of firms to manage effectively the downside risk of their financial and operating strategies. They also can be very useful tools that allow managers and executives to accurately predict financial and operational performance and manage the investment communities' "expectations" regarding overall firm performance. Derivatives and hedges, however, if not properly designed in conjunction with the firm's risk management strategy, can be potentially disastrous for the firm. The ongoing financial turmoil in markets can be partially explained by company managers and executives not understanding the potential financial statement impact when derivative markets move in a particular direction for longer periods of time than anticipated by firms. This book is designed for managers and executives to be a comprehensive yet accessible resource for understanding the impact of derivative and hedge accounting on a company's reporting of financial statements. The book's primary purpose is to demystify derivatives and provide practical advice and counsel on how to use them to manage more effectively the operational and financial risk to the firm. When used properly derivatives are an extremely effective tool that managers and executives can use to reduce uncertainty regarding the future.

Author : Angelo Arvanitis
Publisher :
ISBN 13 : 9780585419336
Total Pages : 424 pages
Book Rating : 4.37/5 ( download)

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Download or read book Credit written by Angelo Arvanitis and published by . This book was released on 2001 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Fabrizio Casaretto
Publisher : Independently Published
ISBN 13 : 9781980513476
Total Pages : 210 pages
Book Rating : 4.73/5 ( download)

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Download or read book Hedging Practices written by Fabrizio Casaretto and published by Independently Published. This book was released on 2018-03-09 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncontrolled risks may lead to disaster. Uncertainties in prices should be managed in line with needs that are not uncertain.Starting with some educational information, then through Commercial and Financial practice examples, this book explains that by eliminating some risks, strong commercial activities and investments can be made and a solid future can be built. Fabrizio Casaretto, an Italian and French Levantine native to Istanbul, received his degree in Econometrics in France. After a brief experience in insurance, he broke into the world of Commodity Trading with Cargill. After several years of trading physical products and hedging with derivative tools, he has moved into the Energy sector to trade Fuels. Working in Turkey, a market with high volatility in commodity prices and currencies, he has mastered his hedging skills. Eventually, he made founding partner to a portfolio management company.Currently, Casaretto trades solid fuels and provides risk management consultancy to industries and trading companies. He is also a private consultant in derivative markets to a law firm and an instructor at a local University. He has decided to write this book in order to share his knowledge with professionals in commodity and financial markets, and also to be helpful to students aiming a career in this field."Learning financial risk management has become a prerequisite to protect your money in volatile financial markets, or at least to limit the losses you might incur.(...) This book will take the reader beyond financial literacy." Ali Agaoglu / Columnist, Vatan Newspaper"This is a wonderful guidebook on using complicated financial instruments such as derivatives instruments, which are more and more commonly encountered in our risk-laden world. (...)"Prof. Dr. Erdinc Altay / Istanbul University, Faculty of Economics"Futures and options contracts are the sine qua non of Risk Management, (...) this book has filled an important void in this area."Mustafa Yaman Basaran / Former Deputy General Manager of Futures and Options Exchange (VOB)