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THE BUSINESS OF HEDGING
Rocket-science is not a prerequisite of hedging. You don't even need a trading or financial background to be able to learn how to put the principles into good practice. The concepts and many of the executions of hedging are surprisingly simple.
Starting with the fundamentals, The Business of Hedging is a systematic and clearly explained tour of financial risk management. It describes the various forms of risk, such as interest rate risk, foreign exchange risk, and commodity price risk, and shows how these can have adverse effects on your business. It reviews the different tools available to neutralise these, including forwards, swaps, futures and options, and illustrates how best to apply them to everyday business. It also shows the strategies used by top companies around the world over the last century and a half, and describes how you can use the same techniques within your own company.
The Business of Hedging counteracts the fact that as the derivatives industry becomes more specialised and esoteric it is bypassing the very people that it can be of most benefit to. It provides a simple understanding of risk management and will enable you to put the right structure in place to not only ensure the survival of your own business but also guarantee its continued growth and prosperity.
10001124 | 332.645 STE b | RLC MM (Rak Buku Umum) | Available |
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