Skip to product information
1 of 1

Interest Rate Swaps and Other Derivatives

Regular price $69.95
Sale price $69.95 Regular price $69.95
Sale Sold out
The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today b...
Read More
  • Format:
  • 28 August 2012
View Product Details

The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them.

Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

files/i.png Icon
Price: $69.95
Pages: 624
Publisher: Columbia University Press
Imprint: Columbia Business School Publishing
Publication Date: 28 August 2012
Trim Size: 9.00 X 6.00 in
ISBN: 9780231159647
Format: Hardcover
BISACs:

BUSINESS & ECONOMICS / Investments & Securities / Commodities / General, BUSINESS & ECONOMICS / Investments & Securities / General, BUSINESS & ECONOMICS / Investments & Securities / Derivatives

Howard Corb's comprehensive treatment of interest rate swaps and related derivatives is destined to be the standard source for all professionals and students anxious to learn both concepts and practice. This book is authoritative, accessible, and rich with applications and illustrative examples.
Howard Corb is an adjunct associate professor in finance and economics at Columbia Business School and a partner at Arel Capital. After receiving his Ph.D. in finance from Stanford University, he began his Wall Street career at J. P. Morgan and later joined Morgan Stanley, during which time he worked with a variety of institutional clients to help manage their interest rate risk using derivatives.

Preface
Acknowledgments
List of Abbreviations
1. An Introduction to Swaps
2. The Risk Characteristics and the Traditional Uses of Swaps
3. The Pricing of Swaps
4. Caps and Floors
5. Swaptions
6. Swaps with Embedded Options
7. Structured Notes
8. Relative Value and Macro Trades
9. More Recent Product Innovations
Appendixes
A. Refresher in Option Pricing
B. A Brief Review of Some Fixed Income Topics
C. A Closer Look at Day Count and Payment Conventions in Swaps
D. A Quick Look at Mortgages
E. The Normal Model
Solutions to Selected Problems
Bibliography
Index