Corporate Derivatives

Book description

Writing in a jargon-free and accessible manner, Pablo Triana guides you through this diverse and expanding field, providing answers to the important questions affecting today’s corporate derivatives landscape.

Packed with real - life corporate use of derivatives, this book provides informed, thought-provoking analysis and detailed commentary for practitioners seeking constructive and accessible guidance on this increasingly important subject for companies.

Drawing on real life examples the book guides you through the key areas and developments in this important subject, including:

• Evolution and nature of the corporate derivatives business
• Product overview
• 21st Century developments and case studies
• Accounting standards and their effects on corporate hedging practices
• Credit derivatives applications
• Weather derivatives update

With collaborations from leading practitioners, the book offers a refreshing and practically-focused alternative to other derivatives texts that concentrate on product definitions, finance theory, or quantitative methods.

A much-needed reference for those seeking a thought-provoking and practical source on the corporate derivatives business, including the key applied issues currently affecting corporates across the globe, it makes for essential reading not only for corporate treasurers and senior executives, but also for the bankers that cater to them and in general any person interested in the real world of corporate derivatives.

Book details

ISBN

9781906348397

Publish date

1 May 2006

Format

Size

155mm x 235mm

Author biography

Pablo Triana

Pablo Triana was a corporate derivatives banker before choosing to teach and write on the subject. He holds a Master of Science from New York University’s Stern School of Business and a Master of Arts from American University’s Economics Department. While at Stern he was appointed the president of the Financial Engineering Association. His professional experience includes corporate derivatives coverage for Spain at CSFB London, Madrid-based corporate Red Electrica, Washington DC-based InterAmerican Development Bank, and a US-based e-commerce start-up. He is currently professor asociado at Instituto de Empresa, consistently ranked among the best European business schools. During his time at the school he has developed an innovative course entitled "Applied Corporate Financial Engineering" currently not available at any other top international school. He has also lectured at Johns Hopkins University and New York University. He has recently published non-technical papers in the world’s two leading derivatives publications; Risk magazine and FOW.

Table of contents

INTRODUCTION

• Corporate Derivatives: A Brief History
• Tough Sell

QUICK PRODUCT REVIEW

• Plain Vanilla is Boring (I)
• Plain Vanilla is Boring (II)

21st CENTURY DEVELOPMENTS

• An Inverted Era
• Hedging is not Riskless
• DARO-loving Chicagoians
• 2001: A Quanto Oddysey
• Regulatory Incentives

ACCOUNTING

• Accounting Headlines
• The Four Horsemen of the Apocalypse
• Anti-Greenspan
• Exotic Solutions
• The Pollock Doctrine

CREDIT DERIVATIVES

• Addressing Concerns
• Beyong Receivables

WEATHER DERIVATIVES

• Weather Update primer
• Weather Deals

Testimonials

“I would strongly recommend the book to any finance professional wanting an engaging, insightful and non-technical review of advanced derivatives.“

GARP, January/February 07 Issue

“There is history, anecdotes and plenty of nuts-and-bolts on accounting and such. If you are entering a career in derivatives or work in corporate treasury, you will find this an enjoyable and informative read.“

Glyn Holton, Contingency Analysis