Understanding Derivatives: Markets and Infrastructure
A reference book about derivatives published by the financial markets group.
Chapter 1: Derivatives Overview (Revised, August 2013)
This chapter explains what derivatives are, how they are traded and the role they play in risk management. Read more...
Chapter 2: Central Counterparty Clearing
This chapter describes what central counterparty clearing is, what its role is in risk management of deriviatives and how it is structured legally. Read more...
Chapter 3: Over-the-Counter Derivatives
Richard Heckinger Ivana Ruffini Kirstin Wells
This chapter descibes what over-the-counter derivatives are, who trades them and how they are created and fulfilled. Read more...
Chapter 4: Hedging
Richard Heckinger Ivana Ruffini
This chapter explains the concept of hedging and illustrates the risk–reward tradeoff inherent in hedges through examples. Read more...
