Introduction to Derivatives 金融衍生工具导论

1995-3  

吉林长白山  

London, UK Reuters Limited　著  

212  

The Reuters Financial Training Series An Introduction to Derivatives A new concept in financial training, An Introduction to Derivatives guides novices through the often complex and challenging world of Derivatives. Full of definitions, concise descriptions, quizzes and examples, the book studies financial instruments - futures, options and swaps - from basic concepts to applications in trading, hedging and arbitrage. Key features include:　　* Introductory sections defining terms and giving background to theories　　* Examples of transactions and futures contracts　　* Summaries and overviews at the end of each chapter recapitulating key points and definitions　　* Quick quiz questions and answers to reinforce learning　　* Further resources which point to other books, articles and internet tools to widen readers' comprehension of derivatives and entrench their foundation in the subject.　　Each book in the series is supported by the Wiley-Reuters Financial Training web site (www.wiley-rft.reuters.com). This regularly updated site offers a range of screens taken directly from the Reuters terminal, information on professional exams, web links to key institutional finance web sites and much more. This book will be of particular interest to novice traders, investors and trainers in financial institutions looking for a key introductory text. By allowing readers to progress through the fundamentals and applications in a simulated trading environment at their own pace, the book will be an invaluable starting block for those new to the field of derivatives.

Section 1 Introduction　what Are Derivatives?　WhV Have Derivatives?　Who Uses Derivatives?　How Are Derivatives Traded?　Summary 　Quick Quiz Questions　Overview 　Quick Quiz Answers　 Further ResourcesSection 2 Forward and Futures Contracts　IntroduCtiOn　Forward Contracts　Futures Contracts--Overview 　Why Have Futures Contracts?　 Futures Contracts and Exchanges　 Trading on Margin　 Who Uses Futures Contracts?　 Relationship Between Cash and Future Prices　 Hedging Strategies　 Trading Strategies　 Off-Setting C：ontracts　Commodity and Energy Futures Contracts　FinanciaI Futures Contracts　The Importance of Forwards and Futures 　OTC V Exchange Traded Derivatives　 Exchange Traded Futures Contracts　 Commodity V Financial Futures Contracts　Summary 　Quick Quiz Questions　Overview 　Quick Quiz Answers　 Further ResourcesSection 3 Options Contracts　IntrOduCtiOn　what Are Options?　Why Do Holders and Writers Use Options?　How Options Work 　Strike Prices　 Premium．Intrinsic Value，Time Value　Pricing an Option 　Strike Price　 U nderlying Price　 Time to Expi　 Interest Rates 　Volatility　Option Risks and Sensitivities　Delta and Delta Hedge Ratio　 Delta　 Delta Hedging　 Neutral Hedging　The Other Sensivitjes　Exchange V OTC Traded Options　Trading Strategies for Options Long Call Short Put Short Call Long Put Straddles　　Strangles　　Spreads　　Synthetic Futu res and Options　The Importance of Options　Summary　 Quick Quiz Questions　Overview　 Quick Quiz Answers　 Further ResourcesSection 4　Swaps TransactionsSection 5 Managing Rick and Trading

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