Ebook: Interest Rate Swaps and Their Derivatives: A Practitioner's Guide

An up-to-date look at the evolution of interest rate swaps and derivatives

Interest Rate Swaps and Derivatives bridges the gap between the theory of these instruments and their actual use in day-to-day life. This comprehensive guide covers the main "rates" products, including swaps, options (cap/floors, swaptions), CMS products, and Bermudan callables. It also covers the main valuation techniques for the exotics/structured-notes area, which remains one of the most challenging parts of the market.

• Provides a balance of relevant theory and real-world trading instruments for rate swaps and swap derivatives
• Uses simple settings and illustrations to reveal key results
• Written by an experienced trader who has worked with swaps, options, and exotics

With this book, author Amir Sadr shares his valuable insights with practitioners in the field of interest rate derivatives-from traders and marketers to those in operations.Content:
Chapter 1 Bonds: It's All About Discounting (pages 1–23):
Chapter 2 Swaps: It's Still About Discounting (pages 25–41):
Chapter 3 Interest Rate Swaps in Practice (pages 43–65):
Chapter 4 Separating Forward Curve from Discount Curve (pages 67–76):
Chapter 5 Derivatives Pricing: Risk?Neutral Valuation (pages 77–95):
Chapter 6 Black's World (pages 97–121):
Chapter 7 European?Style Interest?Rate Derivatives (pages 123–148):
Chapter 8 Short?Rate Models (pages 149–173):
Chapter 9 Bermudan?Style Options (pages 175–184):
Chapter 10 Full Term?Structure Interest?Rate Models (pages 185–200):
Chapter 11 Forward?Measure Lens (pages 201–213):
Chapter 12 In Search of “The” Model (pages 215–218):