Derivatives and risk management / Jayanth Rama Varma

Introduction to derivatives -- Forward and futures markets -- Cost of carry model for futures and forwards -- Risk management using futures and forwards -- How and why do firms hedge? -- Options and their payoffs -- Option markets -- Risk neutral valuation -- The binomial option pricing model -- The black-scholes option pricing model -- Uses of options: simple option strategies -- The Greeks of the black-scholes model -- Complex option strategies -- Volatilities and implied volatilities -- Volatility smiles and implied risk neutral distributions -- Exotic options -- Warrants and convertibles -- Interest rate and currency swaps -- Caps, floors and swaptions -- Derivative accounting -- Corporate risk management -- Risk management in financial institutions -- Index