Understand Swaps in a Day
Description:
The last20 years has seen the largest upheaval of the financial sector in history. This turbulence has been induced by unparalleled growth and the use of derivatives, and swaps in particular. Indeed swaps are one of the basic building blocks in the management of financial risk. This is a practical introduction to swaps for those with little or no knowledge of the swap markets. Using simple examples, it shows exactly how these transactions take place, the risks involved, and hedging strategies.
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