Derivatives Explained: Forwards, Futures, Swaps, and Options as Building Blocks
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Swaps are one of the biggest markets in finance. The total notional principal is comfortably in the hundreds of trillions of dollars. Chapter 14 of Wilmott’s book explains how they work, why they exist, and how they connect to the bond pricing we covered in the previous post.