Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Interest Rate Derivatives is unique in that it is written by an experienced trader who has traded swaps, options and exotics. Sadr has written the book for practitioners in the field of interest rate derivatives (traders, marketers, operations). Buchnummer des Verkäufers
An up-to-date look at the evolution of interest rate swaps and derivatives
Interest Rate Swaps and Derivatives bridges the gap between the theory of these instruments and their actual use in day-to-day life. This comprehensive guide covers the main "rates" products, including swaps, options (cap/floors, swaptions), CMS products, and Bermudan callables. It also covers the main valuation techniques for the exotics/structured-notes area, which remains one of the most challenging parts of the market.
With this book, author Amir Sadr shares his valuable insights with practitioners in the field of interest rate derivatives-from traders and marketers to those in operations.
From the Inside Flap: Interest rate swaps and their derivatives have become an integral part of the fixed income market, but many of the pricing and risk management issues for these now mainstream products can only be learned on a trading floor. While there are many books on fixed income and interest rate derivatives, they generally suffer from being either too elementary and bond-centric, mentioning swaps in passing, or too technical and focused on exotics and the myriad implementation issues and algorithms used to tackle them.
Rather than focusing on exotics, Interest Rate Swaps and Their Derivatives thoroughly covers the mainstream products—swaps, flow options, Bermudans, semi-exotics—showing the common pricing techniques while also explaining how to generalize the concepts to more nuanced products.
Author Amir Sadr, experienced as a quant, trader, financial software developer, and academic in the fixed income field, begins by presenting plain-vanilla swaps as an extension of fixed rate bonds—revealing how techniques for pricing these instruments are a generalization of similar methods used for pricing bonds and repos, and for the most part involve the concepts of financing cost, discount factors, and projection of forward curves. He then moves on to cover the options markets for flow products, including options on futures, caps and floors, and European swaptions—with detailed attention to the actual trading practice of these products. Sadr explains how, as with any option product, the pricing and risk management of these requires dealing with volatility as the main risk factor—and he shows that one does not need to have a PhD in math to understand options. Sadr presents risk-neutral valuation as the fundamental pricing paradigm for derivatives, and illustrates the core idea of dynamic replication in a simple binomial setting. This unified framework is used to derive industry-standard Black formula for flow products, and is developed into short-rate and full term-structure models for more complex interest rate exotics including Bermudans.
For current or aspiring practitioners in interest rate products, Interest Rate Swaps and Their Derivatives provides a sound working knowledge and appreciation of the main features of these products and their pricing and risk management issues.
Buchbeschreibung Wiley. Buchzustand: Acceptable. A book with obvious wear. May have some damage to the cover or binding but integrity is still intact. There might be writing in the margins, possibly underlining and highlighting of text, but no missing pages or anything that would compromise the legibility or understanding of the text. Buchnummer des Verkäufers 19-B-001764
Buchbeschreibung Wiley. Hardcover. Buchzustand: Very Good. 0470443944 very good condition, pages are clean and free of markings, minimal wear to corners and edges, ships same day or next. Buchnummer des Verkäufers 394000132
Buchbeschreibung Buchzustand: Acceptable. Book Condition: Acceptable. Buchnummer des Verkäufers 97804704439415.0
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Buchbeschreibung Hardback. Buchzustand: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Buchnummer des Verkäufers GOR004898070
Buchbeschreibung Wiley, 2009. Hardcover. Buchzustand: Very Good. Buchnummer des Verkäufers P020470443944
Buchbeschreibung Wiley. Hardcover. Buchzustand: Fine. 0470443944 Like New Condition. Buchnummer des Verkäufers LN6.0240939
Buchbeschreibung John Wiley and Sons. Buchzustand: New. Brand New. Buchnummer des Verkäufers 0470443944
Buchbeschreibung Buchzustand: Good. Interest Rate Swaps and Their Derivatives: A Practitioners Guide (Wiley Finance). Buchnummer des Verkäufers Grb1097006
Buchbeschreibung 2009. HRD. Buchzustand: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Buchnummer des Verkäufers KS-9780470443941