Managing Financial Risk A Guide to Derivative Products, Financial Engineering and Value Maximization

Summary: Managing Financial Risk provides an up-to-date, comprehensive look at how derivatives can be used to manage risk & maximize value within today's highly volatile financial environment. The authors provide in-depth explanations of forwards, futures, swaps, options & "exotic" derivatives, showing how to use these instruments to hedge a firm against unexpected movements in foreign exchange rates, interest rates, & commod...ity prices. Invaluable to every corporate financial professional, Managing Financial Risk explains: How risk management can increase a firm's value; The variety of risk management products, including forwards, futures, swaps, options, & hybrid securities-as well as a practical approach to implementing these products in a firm; The essentials of financial engineering including how to build customized hedging instruments that accomplish an organization's specific risk management objectives. [read more]