Chapter

Swaps and Derivative Securities Markets

Roy C. Smith and Ingo Walter

in Global Banking

Second edition

Published in print May 2003 | ISBN: 9780195134360
Published online November 2003 | e-ISBN: 9780199833009 | DOI: http://dx.doi.org/10.1093/0195134362.003.0004
Swaps and Derivative Securities Markets

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Derivatives are used to manage the various risks associated with financial assets and liabilities, the market values of which can fluctuate widely. Explains the nature of swaps and related derivative instruments, which can be tailored to reflect almost any interest rate or currency outlook, and create an appropriate risk exposure.

Keywords: derivatives; risk exposure; swaps

Chapter.  9394 words.  Illustrated.

Subjects: Financial Markets

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