Glosario : p. 521-536.

Incluye bibliografías e índice.

Chapter 1: Introduction: 1.1. Futures contracts ; 1.2. History of futures markets ; 1.3. The over-the-counter market ; 1.4. Forward contracts ; 1.5. Options contracts ; 1.6. History of options markets ; 1.7. Types of traders ; 1.8. Hedgers ; 1.9. Speculators ; 1.10. Arbitrageurs ; 1.11. Dangers -- Chapter 2: Mechanics of futures markets: 2.1. Opening and closing futures positions ; 2.2. The specification of a futures contract ; 2.3. Convergence of futures price to spot price ; 2.4. The operation of margins ; 2.5. Newspaper quotes ; 2.6. Delivery ; 2.7. Types of traders and types of orders ; 2.8. Regulation ; 2.9. Accounting and tax ; 2.10. Forward vs. futures contracts -- Chapter 3: Hedging strategies using futures: 3.1. Basic principles ; 3.2. Arguments for and against hedging ; 3.3. Basis risk ; 3.4. Cross hedging ; 3.5. Stock index futures ; 3.6. Rolling the hedge forward -- Chapter 4: Interest rates: 4.1. Types of rates ; 4.2. Measuring interest rates ; 4.3. Zero rates ; 4.4. Bond pricing ; 4.5. Determining treasury zero rates ; 4.6. Forward rates ; 4.7. Forward rate agreements ; 4.8. Theories of the term structure of interest rates -- Chapter 5: Determination of forward and futures prices: 5.1. Investment assets vs. consumption assets ; 5.2. Short selling ; 5.3. Assumptions and notation ; 5.4. Forward price for an investment asset ; 5.5. Known income ; 5.6. Known yield ; 5.7. Valuing forward contracts ; 5.8. Are forward prices and futures prices equal? ; 5.9. Futures prices of stock indices ; 5.10. Forward and futures contracts on currencies ; 5.11. Futures on commodities ; 5.12. The cost of carry ; 5.13. Delivery options ; 5.14. Futures prices and expected spot prices -- Chapter 6: Interest rate futures: 6.1. Day count and quotation conventions ; 6.2. Treasury bond futures ; 6.3. Eurodollar futures ; 6.4. Duration ; 6.5. Duration-based hedging strategies using futures -- Chapter 7: Swaps: 7.1. Mechanics of interest rate swaps ; 7.2. Day count issues ; 7.3. Confirmations ; 7.4. The comparative-advantage argument ; 7.5. The nature of swap rates ; 7.6. Determining libor/swap zero rates ; 7.7. Valuation of interest rate swaps ; 7.8. Currency swaps ; 7.9. Valuation of currency swaps ; 7.10. Credit risk ; 7.11. Other types of swaps -- Chapter 8: Mechanics of options markets: 8.1. Types of options ; 8.2. Option positions ; 8.3. Underlying assets ; 8.4. Speciation of stock options ; 8.5. Trading ; 8.6. Commissions ; 8.7. Margins ; 8.8. The options clearing corporation ; 8.9. Regulation ; 8.10. Taxation ; 8.11. Warrants, executive stock options, and convertibles ; 8.12. Over-the-counter markets -- Chapter 9: Properties of stock options: 9.1. Factors affecting option prices ; 9.2. Sumptions and notation ; 9.3. Upper and lower bounds for option prices ; 9.4. Put-call parity ; 9.5. Early exercise: calls on a non-dividend-paying stock ; 9.6. Early exercise: puts on a non-dividend-paying stock ; 9.7. Effect of dividends -- Chapter 10: Trading strategies involving options: 10.1. Strategies involving a single option and a stock ; 10.2. Spreads ; 10.3. Combinations ; 10.4. Other payoffs -- Chapter 11: Introduction to binomial trees: 11.1. A one-step binomial model ; 11.2. Risk-neutral valuation ; 11.3. Two-step binomial trees ; 11.4. A put example ; 11.5. American options ; 11.6. Delta ; 11.7. Determining u and ; 11.8. Increasing the number of time steps ; 11.9. Options on other assets -- Chapter 12: Valuing stock options: the black-scholes model: 12.1. Assumptions about how stock prices evolve ; 12.2. Expected return ; 12.3. Volatility ; 12.4. Estimating volatility from historical data contents ; 12.5. Assumptions underlying black±scholes ; 12.6. The key no-arbitrage argument ; 12.7. The black±scholes pricing formulas ; 12.8. Risk-neutral valuation ; 12.9. Implied volatilities ; 12.10. Dividends ; 12.11. Valuing executive stock options -- Chapter 13: Options on stock indices and currencies: 13.1. Options on stock indices ; 13.2. Currency options ; 13.3. Options on stocks paying known dividend yields ; 13.4. Valuation of stock index options ; 13.5. Valuation of currency options -- Chapter 14: Futures options: 14.1. Nature of futures options ; 14.2. Reasons for the popularity of futures options ; 14.3. European spot and futures options ; 14.4. Put-call parity ; 14.5. Bounds for futures options ; 14.6. Valuation of futures options using binomial trees ; 14.7. A futures price as an asset providing a yield ; 14.8. Black's model for valuing futures options ; 14.9. American futures options vs. american spot options -- Chapter 15: The greek letters: 15.1. Illustration ; 15.2. Naked and covered positions ; 15.3. A stop-loss strategy ; 15.4. Delta hedging ; 15.5. Theta contents ; 15.6. Gamma ; 15.7. Relationship between delta, theta, and gamma ; 15.8. Vega ; 15.9. Rho ; 15.10. The realities of hedging ; 15.11. Scenario analysis ; 15.12. Extension of formulas ; 15.13. Creating options synthetically for portfolio insurance ; 15.14. Stock market volatility -- Chapter 16: Binomial trees in practice: 16.1. The binomial model for a non-dividend-paying stock ; 16.2. Using the binomial tree for options on indices, currencies, and futures ; 16.3. The binomial model for a dividend-paying stock ; 16.4. Extensions of the basic tree approach ; 16.5. Alternative procedure for constructing trees ; 16.6. Monte carlo simulation -- Chapter 17: Volatility smiles: 17.1. Foreign currency options ; 17.2. Equity options ; 17.3. The volatility term structure and volatility surfaces ; 17.4. When a single large jump is anticipated -- Chapter 18: Value at risk: 18.1. The var measure ; 18.2. Historical simulation ; 18.3. Model-building approach ; 18.4. Linear model ; 18.5. Quadratic model ; 18.6. Estimating volatilities and correlations ; 18.7. Comparison of approaches ; 18.8. Stress testing and back testing -- Chapter 19: Interest rate options: 19.1. Exchange-traded interest rate options ; 19.2. Embedded bond options ; 19.3. Black's model ; 19.4. European bond options ; 19.5. Interest rate caps ; 19.6. European swap options ; 19.7. Term structure models -- Chapter 20: Exotic options and other nonstandard products: 20.1. Exotic options ; 20.2. Mortgage-backed securities ; 20.3. Nonstandard swaps -- Chapter 21: Credit derivatives: 21.1. Credit default swaps ; 21.2. Credit indices ; 21.3. Determining cds spreads ; 21.4. Total return swaps ; 21.5. Cds forwards and options ; 21.6. Collateralized debt obligations -- Chapter 22: Weather, energy, and insurance derivatives: 22.1. Weather derivatives ; 22.2. Energy derivatives ; 22.3. Insurance derivatives -- Chapter 23: Derivatives mishaps and what we can learn from them: 23.1. Lessons for all users of derivatives ; 23.2. Lessons for financial institutions ; 23.3. Lessons for nonfinancial corporations.