How Long to Read Swaps and Other Derivatives

How Long Does it Take to Read Swaps and Other Derivatives?

It takes the average reader 6 hours and 37 minutes to read Swaps and Other Derivatives by Richard R. Flavell

Assuming a reading speed of 250 words per minute. Learn more

Description

"Richard Flavell has a strong theoretical perspective on swaps with considerable practical experience in the actual trading of these instruments. This rare combination makes this welcome updated second edition a useful reference work for market practitioners." —Satyajit Das, author of Swaps and Financial Derivatives Library and Traders and Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives Fully revised and updated from the first edition, Swaps and Other Derivatives, Second Edition, provides a practical explanation of the pricing and evaluation of swaps and interest rate derivatives. Based on the author’s extensive experience in derivatives and risk management, working as a financial engineer, consultant and trainer for a wide range of institutions across the world this book discusses in detail how many of the wide range of swaps and other derivatives, such as yield curve, index amortisers, inflation-linked, cross-market, volatility, diff and quanto diffs, are priced and hedged. It also describes the modelling of interest rate curves, and the derivation of implied discount factors from both interest rate swap curves, and cross-currency adjusted curves. There are detailed sections on the risk management of swap and option portfolios using both traditional approaches and also Value-at-Risk. Techniques are provided for the construction of dynamic and robust hedges, using ideas drawn from mathematical programming. This second edition has expanded sections on the credit derivatives market – its mechanics, how credit default swaps may be priced and hedged, and how default probabilities may be derived from a market strip. It also prices complex swaps with embedded options, such as range accruals, Bermudan swaptions and target accrual redemption notes, by constructing detailed numerical models such as interest rate trees and LIBOR-based simulation. There is also increased discussion around the modelling of volatility smiles and surfaces. The book is accompanied by a CD-ROM where all the models are replicated, enabling readers to implement the models in practice with the minimum of effort.

How long is Swaps and Other Derivatives?

Swaps and Other Derivatives by Richard R. Flavell is 393 pages long, and a total of 99,429 words.

This makes it 133% the length of the average book. It also has 122% more words than the average book.

How Long Does it Take to Read Swaps and Other Derivatives Aloud?

The average oral reading speed is 183 words per minute. This means it takes 9 hours and 3 minutes to read Swaps and Other Derivatives aloud.

What Reading Level is Swaps and Other Derivatives?

Swaps and Other Derivatives is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Swaps and Other Derivatives?

Swaps and Other Derivatives by Richard R. Flavell is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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