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Derivatives and Risk Management

Derivatives and Risk Management

ISBN - 9789332551688
Sundaram Janakiramanan

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About Author

The widespread use of derivative instruments? considered to be one of the main causes of the 2008 financial crisis? has not flagged since the global economic meltdown. Contrary to popular belief, the improper use of derivatives, not the nature of derivative securities themselves, caused the collapse of 2008. In India, derivatives were introduced as late as 2000. Today, the National Stock Exchange is the number one trading spot in the world for index futures. The volume of trade of both financial and commodity-related derivatives has increased significantly over the past few years. During this period, the market has witnessed the introduction of several new products designed specifically for India, making it necessary for finance professionals to understand the working of these products in addition to the existing derivatives?a need that this book fulfills.

Derivatives and Risk Management provides readers with a thorough knowledge of the functions of derivatives and the many risks associated with their use. Besides discussing the particular derivative instruments available in India, the book concentrates on four types of derivatives? forward contracts, futures contracts, swap contracts and options contracts. It is targeted at postgraduate students of commerce, finance and management, and blends theory, problems and cases to introduce the basic concepts in a lucid, engaging manner. It will also be of use to fund managers, risk-management specialists, treasury managers, students taking the CFA examinations and anyone who wants to understand the derivatives market in India.

Key Features

* 17 Teaching slides with detailed modules

* Pre-built questions

* Explains concepts through detailed examples and problems

* Includes three unique chapters: “Derivatives in India”, “Stock Futures and Stock Index Futures”, and “Exotic Options”

* Uses learning tools such as learning objectives, figures, tables, chapter summaries and end-of-chapter questions, problems and cases

* Presents snapshots of real-world situations through chapter-opening boxes

*One year of subscription from the date of purchase

* 14.5% Service tax applicable on this product

Additional Information

ISBN 9789332551688
File Size (eBook) No
Edition No
Discipline Management

1 . Introduction

2 . The Derivatives Market in India

3 . Interest Rates

4 . Forward Contracts

5 . Futures Contracts

6 . Hedging Strategies Using Futures

7 . Single Stock Futures and Stock Index Futures

8 . Interest Rate Futures

9 . Currency Futures

10 . Swaps

11 . Fundamentals of Options

12 . Call and Put Options

13 . Combinations of Options: Trading Strategies

14 . Put–Call Parity

15 . The Binomial Options Pricing Model

16 . The Black–Scholes Options Pricing Model

17 . Currency Options, Interest Rate Options and Options on Futures

18 . Greeks in Options

19 . Exotic Options

20 . Credit Derivatives

Sundaram Janakiramanan is currently Associate Professor and Head of Programme Finance at SIM University, Singapore. He started his teaching career in 1975 at the P. S. G. College of Technology, Coimbatore. During his 35-year long teaching career, he has taught various topics in finance in several universities including the University of Minnesota, the University at Albany, the University of Melbourne, the National University of Singapore and Singapore Management University.

Dr Janakiramanan has been a consultant for many organizations such as the World Bank, the United States Agency for International Development, the Standard Chartered Bank, and Spectrum Technologies in USA. He has conducted executive development programs on using derivatives in portfolio and risk management organized by the Indian Institute of Science in 1996 and the Institute of Company Secretaries in February 2000. He also was invited as a guest faculty by Tata Motors for their program on globalization in December 2003.

An engineer from the Indian Institute of Technology Kharagpur, Dr Janakiramanan holds two doctorate degrees—one in mining engineering from IIT Kharagpur and the other in finance from the University of Minnesota. He is a member of the Institute of Cost and Works Accountants of India.

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