Manufacturing and Managing Customer-Driven Derivatives

Condition: BRAND NEW ISBN: 9781118632628 Author(s): Dong Qu Format: Hardcover Language: English Year: 2016 Edition: 1st Publisher: John Wiley & Sons Inc Pages: 576 Series: The Wiley Finance Series

Description: Manufacturing and Managing Customer-Driven Derivatives Manufacturing and Managing Customer-Driven Derivatives sheds light on customer-driven derivative products and their manufacturing process, which can prove a complicated topic for even experienced financial practitioners. This authoritative text offers up-to-date knowledge and practices across a broad range of topics that address the entire manufacturing, pricing and risk management process, including practical knowledge and industrial best practices. This resource blends quantitative and business perspectives to provide an in-depth understanding of the derivative risk management skills that are necessary to adopt in the competitive financial industry. Manufacturing and managing customer-driven derivative products have become more complex due to macro factors such as the multi-curve environments triggered by the recent financial crises, stricter regulatory requirements of consistent modelling and managing frameworks, and the need for risk/reward optimisation. Explore the fundamental components of the derivatives business, including equity derivatives, interest rates derivatives, real estate derivatives, and real life derivatives, etc.Examine the life cycle of manufacturing derivative products and practical pricing modelsDeep dive into a wide range of customer-driven structured derivative products, their investment or hedging payoff features and associated risk exposuresExamine the implications of changing regulatory standards, which can increase costs in the banking sectorDiscover practical yet sophisticated product analysis, quantitative modeling, infrastructure integration, risk analysis, and hedging analysisGain insight on how banks should handle complex derivatives products