Book 1

Everything today's executives and finance pros need to know about the freewheeling derivatives market to understant and manage risk with confidence Swaps, swaptions, caps, floors. Almost daily, new, more exotic forms of derivatives sweep through the marketplace, bringing their innovators one step closer to the holy grail of completely hedging risk on huge institutional investments. That's fine for traders. But what about those in the managerial chairs responsible for financial oversight of derivatives deals? This book satisfies their hunger for reliable information about how derivatives really work. Written in down-to-earth language everyone can understand, Derivatives for Decision Makers uses common examples from business and the markets to explain how derivatives work and how they are being used right now. Armed with its insights, executives, attorneys, accountants, and corporate board members will understand derivatives well enough to ask the right questions of themselves, their employees, and their trusted advisors.
* Covers the principles of derivatives, from their use in common situations such as refinancing a mortgage, through advanced financial applications * Goes beyond media coverage to explain recent derivatives use, misuse, and regulation GEORGE CRAWFORD (Palo Alto, California) lectures on fiduciary investing at Stanford Law School, where he also directs The Institutional Shareholder's Forum. He is a Visiting Scholar at the Hoover Foundation, and a former Partner and Firm Director of the Private Capital Section at Jones Day Reavis & Progue. BIDYUT C. SEN (New York, New York) has been a leading figure in derivative products and structured financings over the last decade. He is a Managing Director at Morgan Stanley, where he is co-head of the Worldwide Derivative Products Group.