Product Description

Structured Products Volume 1 consists of 4 Parts and 20 Chapters covering applications of derivatives, the creation of synthetic assets using derivatives  (such as asset swaps, structured notes and repackaged assets), exotic options, non-generic derivative structures used in interest rates and currency markets (including non-generic swaps, basis (floating-to-floating) swaps, swaptions (options on interest rate swaps), callable bonds, CMT products, IAR products, interest rate and currency structured products. 

Product Details

• Amazon Sales Rank: #833416 in Books
• Published on: 2005-10-24
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 1200 pages

From the Back Cover
Structured Products Volume 1 consists of 4 Parts and 20 Chapters covering applications of derivatives, the creation of synthetic assets using derivatives  (such as asset swaps, structured notes and repackaged assets), exotic options, non-generic derivative structures used in interest rates and currency markets (including non-generic swaps, basis (floating-to-floating) swaps, swaptions (options on interest rate swaps), callable bonds, CMT products, IAR products, interest rate and currency structured products. 

DERIVATIVES APPLICATIONS.

1. Applications of Derivative Products.

2. Applications of Forwards/Futures, Swaps and Options

3. New Issues Arbitrage.

SYNTHETIC ASSETS.

4. Synthetic Assets – Asset Swaps, Structured Notes, Repackaging and Structured Investment Vehicles.

EXOTIC OPTIONS.

5. Exotic Options.

6. Packaged Forwards and Options.

7. Path Dependent Options.

8. Time Dependent Options.

9. Limit Dependent Options.

10. Payoff Modified Options.

11. Multifactor Options.

12. Volatility Products.

INTEREST RATE & FX STRUCTURES.

13. Non-Generic Swap Structures.

14. Basis Swaps.

15. Option on Swaps/Swaptions.

16. Callable Bonds.

18. Index Amortising Products.

19. Interest Rate Linked Notes

20. Currency Linked Notes.

About the Author
Satyajit Das is an international specialist in the area of financial derivatives, risk management and capital markets. Since 1994, he has been a consultant to financial institutions and corporations on derivatives and financial products and risk management issues. He presents seminars on financial derivatives/ risk management and capital markets in Europe, North America, Asia and Australia.

Between 1988 and 1994, Das was the Treasurer of the TNT Group, an Australian based international transport and logistics company with responsibility for the Global Treasury function, including liquidity management, corporate finance, funding/ capital markets and financial risk management. Between 1977 and 1987, he worked in banking with the Commonwealth Bank of Australia, Citicorp Investment Bank and Merrill Lynch Capital Markets specializing in capital markets and risk management / derivative products.

Das holds Bachelors’ degrees in Commerce (Accounting, Finance and Systems) and Law from the University of New South Wales and a Masters Degree in Business Administration from the Australian Graduate School of Management.

Customer Reviews

A superb reference
Structured products, especially those involving fixed income securities and mortgage loans, have been much discussed in the press in recent months, due possibly to the "subprime crisis" and its instigation of large losses accrued by many of the world's top financial institutions. A flurry of articles have appeared in some of the major financial publications that have as their topic the excoriation of structured finance and the credit risk modeling that goes along with them. Those involved in the financial engineering of these products or those aspiring to the profession, as well as those who are not financial professionals, may be taken aback by the content of these articles. What is needed then is a sound overview of the nature of structured products, if only to set the record straight on their risks and the culpability of those who manage them.

This volume, the second of a four-volume set on financial engineering, is a sizable one but can be approached by anyone needing information on structured products. The approach that the author takes is more descriptive, and so no advanced mathematics is needed to read the book. It can also be obtained separately from the other volumes for those who only need information on structured products and credit derivatives. The purpose of the entire set of course is to give a solid foundation for the instruments typically found in financial engineering, and as such is written as a research monograph or encyclopedia. Financial professionals will no doubt view it as such while students and those curious about the subject matter may find it approachable due to its length.

Each article in this volume should not be viewed as independent from the others, and newcomers to the subject matter should be aware of this before reading a particular article. Some prior exposure to the theory behind structured products will be needed before the contents can be appreciated. This reviewer only read the chapter on credit linked notes and collateralized debt obligations and is judging the volume solely on this basis.

As such this chapter gave a good overview of the reasons why these particular products arose and the financial strategies that lie behind them. Again, the financial press has devoted a lot of space to discussing these products recently, especially collateralized debt obligations since they are felt to play a major role in the "subprime crisis." Whether this is true remains to be seen, and only an in-depth, very involved statistical study can settle this for sure, but the information in this chapter will be helpful for those who need to assess or begin such a study.