Product Description

Over the past decade, structured products have become part of the financial mainstream. The area is characterized by rapid market expansion and product innovation as the acceptance and use of derivative structures has become more widespread.

This book takes a practical approach to the principal structured products which have been appearing in financial markets during the past few years. The investor will find in this work answers to questions which could arise in investment dealings, and how to maximize the potential for profitability.

An excellent reference source for the institutional investor, this book will assist in the understanding of this area, showing that it is not necessarily as complex as it may initially seem.

Product Details

• Amazon Sales Rank: #261665 in Books
• Published on: 2002-02-14
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 202 pages

From the Inside Flap
With the advent of structured products, institutional investors are required both to have a strong technical knowledge, yet also the flair to move swiftly on their instincts. This book explains the nature of the principal products. By means of a brief chapter on the basic principles and fundamental rules, this book analyses twenty distinct structures within fixed income and variable income.

This book explains in a practical manner for institutional investors the main structured products that have been developed over the past decade. This is achieved by studying in detail the risks, valuation and key elements of each structured product in turn. The basic principles and underlying philosophy behind the concept are explained in order to give investors a thorough understanding of each product.

The book features details on the following:

• Basic aspects of structured products

• Fundamental aspects used to carry out instrument assessment and risk measurement

• Equity indexed structures

• Fixed income structures

• Ten golden rules of structured products.

From the Back Cover
Over the past decade, structured products have become part of the financial mainstream. The area is characterized by rapid market expansion and product innovation as the acceptance and use of derivative structures has become more widespread.

This book takes a practical approach to the principal structured products which have been appearing in financial markets during the past few years. The investor will find in this work answers to questions which could arise in investment dealings, and how to maximize the potential for profitability.

An excellent reference source for the institutional investor, this book will assist in the understanding of this area, showing that it is not necessarily as complex as it may initially seem.

About the Author
ROBERTO KNOP is deputy manager of market risk at Banco Santander Central Hispano where he is responsible for the methodology and quantitative team. He has over ten years experience of derivatives pricing, market risk measurement and also has considerable experience of training others in derivatives pricing and market risk.

Customer Reviews

Absolutely practical and empirical
Easily understanding for someone with experience only in plain vanilla options. This book outlines the key guidelines of the most used structured products. Every structure is accompanied by a pricing example and what is more it is written obviously from someone with practical experience. The best book for someone to start with structure products.

Learn a "new language" to read this book....
THIS IS NOT ENGLISH. You may have to learn 2spanish-english" to read this book.It is ridicoulous. The technical part is good, but you really need to spend 50 minutes per page in order to understand the translation. It's a pitty because you have good coverage of Equity and Bond-Linked structured notes...with little math. Easy to follow but only the math...BUY THE SPANISH EDITION (if any)...Products like Asian Equity deposits, Digital Ranges, Step-ups, Range Accruals...are covered but with little implementattion guidance for Matlab or Excel code. Formulae is always available...advance users may find it usefull...not much proofs though.

Interesting handbook. Complete and useful
Great handbook with easy and straightforward explanations of the main equity and fixed income traditional structures. The models are analysed in great detail with a very rich grasp of maths. It would be useful to have the same analysis for more exotic structures. Credit structures are also missing.