Divided into 10 information-packed parts, this book will show you how derivatives can be used in practice to create risk management, valuation and investment solutions for a variety of market situations. It includes a broad overview of derivative contracts and markets, reviews the basic principles of security valuation and discusses the valuation of forward and options contracts and the risk management strategies associated with them. With a strong framework in hand, you'll then be introduced to derivative contracts in specific asset categories including stocks, stock indices, currencies, interest rates, bond and commodities . . .