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基本説明
Focuses on trading situations as well as on calculations.
Full Description
Floating rates, central-bank intervention, derivatives trading and the very high volumes of speculative and round-the-clock trading are just a few of the facets of the foreign exchange marketplace that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides comprehensive coverage of these markets. Coverage includes: What the instruments areHow and why they are used - by both bank dealers and corporate end-usersHow the different instruments are linked one to anotherHow you price themStructure of the market, EMU etcThe range of risks arising from dealings in these instruments that affect banks and corporatesHow these risks are measured and managed
Contents
Some basic conceptsEssential financial arithmeticOverview of money market instrumentsDeposits and coupon-bearing instrumentsDiscount instrumentsForward interest rates, FRAs and introduction to futuresSpot foreign exchange; Forward outrights and swapsHedging swaps with deposits, FRAs and futures, covered interest arbitrage and creating synthetic FRAsManaging the spot risk on a forward FX positionCurrency relationshipsBank risk managementCorporate risk managementAnswers to the exercises