Understanding Swaps

John F. Marshall (Author), Kenneth R. Kapner (Author)

9780471308270, Wiley

Hardback, published 19 November 1993

288 pages
24.5 x 16.1 x 2.5 cm, 0.59 kg

From plain vanilla swaps to swaptions to circus swaps here s themost comprehensive, practical introduction to the global world ofswaps Understanding Swaps Financial personnel, corporate treasurersand professional cash managers seeking a practical, hands-onintroduction to swaps sophisticated financial instruments usedglobally to control interest payments, manage debt, and enhanceinvestment portfolios need look no further than UnderstandingSwaps.

"Jack Marshall and Ken Kapner have done a superb job of providing acomplete, easy-to-read primer to derivative products. Using clearlanguage and concise examples, it lays out the world of swaps forthe practitioner, student, accountant, lawyer or regulator." RobertJ. Schwartz EUP and Chief Operating Officer Mitsubishi CapitalMarkets, Inc.

"Marshall and Kapner have produced an exceptionally cogentdescription and analysis of the swaps market along with itsessential technical and theoretical underpinnings. This book shouldbe number one on the reading list for any student or practitionerof contemporary financial techniques." J. Michael Payte SeniorManaging Director Bear Sterns & Co., Inc.

"Understanding Swaps details the complete world of swaps: thebasics (interest rate and currency swaps), the vogue (equity andcommodity swaps), and the future (macroeconomic swaps). Indeed,Understanding Swaps is the book I would recommend to someone for acomprehensive and very readable primer on swaps." Carolyn JacksonFirst Vice President Banque Indosuez

An Overview and Brief History of the Swaps Markets.

The Generic Swap Structure.

Interest Rate Swaps.

Currency Swaps.

Commodity Swaps and Equity Swaps.

Swaps, Structured Solutions, and Financial Engineering.

The Pricing of Interest Rate Swaps.

Managing a Swap Portfolio.

Hedging Business Cycle Risk: The Next Major Wave inDerivatives?.

Glosssary.

Answers to Review Questions.

Index.

Subject Areas: Finance & accounting [KF]