Risk control, capital allocation, and realistic derivative pricing and hedging are critical concerns for major financial institutions and individual traders ali

The financial systems in most developed countries today build up a large amount of model risk on a daily basis. However, this is not particularly visible as the

Risk is the main source of uncertainty for investors, debtholders, corporate managers and other stakeholders. For all these actors, it is vital to focus on iden

This text provides a thorough treatment of futures, 'plain vanilla' options and swaps as well as the use of exotic derivatives and interest rate options for spe