000			02009nam a2200169Ia 4500
020			_a0471956228
082			_a332.645 CHE
100			_aChew, Lillian
245			_a Managing derivative risks : the use and abuse of leverage
260			_c1996 _bJohn Wiley & Sons _aChichester
300			_axviii, 313p. _b24 cm ; Hard Bound
505			_a1. Derivatives The Beauty 2. Derivatives The Beast 3. Beauty v The Beast 4. Spot Risks 5. Forward Risks 6. Option Risks: Curvature and Time Decay 7. Option Risks: Volatility and Prepayment 8. Unbundling Structures 9. Just One Number 10. Not Just One Man
520			_aManaging Derivative Risks The Use and Abuse of Leverage Lillian Chew When Barings, the oldest merchant bank in the United Kingdom, collapsed it joined the long list of financial disasters that have involved derivatives. Procter & Gamble, Metallgesellschaft and Orange County have all fallen famously foul of these instruments. But are they really so dangerous? Promoters of derivatives rightly argue that they provide a service, helping to manage risk in increasingly volatile markets. Where large losses have occurred, it is because derivatives have been misused through greed, a lack of understanding of their risks and the failure of management to control properly those who deal in them, or all three. This book cuts through the hysteria and hype and explains in non-technical terms the unique risks of derivatives. These risks are discussed using actual examples, particularly the high-profile cases of the early 1990s. Managing Derivative Risks also discusses topical issues such as Value at Risk and the latest Bank for International Settlements’ capital requirements for market risk. It will prove a valuable source of information for finance directors, treasurers, institutional investors, fund managers, bankers, regulators, and anyone who sits on a corporate board.
650			_aDerivative securities
650			_aFinancial leverage _aInstruments Derivative - Finances
942			_cBK
999			_c80948 _d80948