Analysis of Derivatives for the CFA® Program introduces students and practitioners to a practical risk management approach to derivatives. The textbook captures current practice and reflects what the general investment practitioner needs to know about derivatives. It does not simply deliver an explanation of various derivatives instruments and positions but provides motivation for every derivatives position by explaining what the manager wants to accomplish prior to addressing the details of the position.
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The book is intended to provide the derivatives analysis portion of the CFA curriculum, and is intended to communicate a practical risk management approach to derivatives for the investment generalist. Derivatives are financial instruments that offer a return based on the return of some other asset. Exchange-traded contracts have standard terms and features and are traded usually at a futures or options exchange. OTC contracts are created by two parties anywhere else. In a futures contract, the futures... more info
