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020 9780470870372|q(electronic bk.)
020 |z9780470870365
035 (MiAaPQ)EBC219729
035 (Au-PeEL)EBL219729
035 (CaPaEBR)ebr10113994
035 (CaONFJC)MIL27256
035 (OCoLC)54776189
040 MiAaPQ|beng|erda|epn|cMiAaPQ|dMiAaPQ
050 4 HG6024.A3S47 2004
082 0 332.4/5
100 1 Shamah, Shani
245 12 A Currency Options Primer
250 2nd ed
264 1 Hoboken :|bJohn Wiley & Sons, Incorporated,|c2004
264 4 |c©2004
300 1 online resource (211 pages)
336 text|btxt|2rdacontent
337 computer|bc|2rdamedia
338 online resource|bcr|2rdacarrier
490 1 The Wiley Finance Ser
505 0 Intro -- A Currency Options Primer -- Contents --
Disclaimer -- 1 Introduction -- 1.1 The forward foreign
exchange market -- 1.2 The currency options market -- 1.3
The alternatives to currency options -- 1.4 The users --
1.5 Whose domain? -- PART I MARKET OVERVIEW -- 2 The
Foreign Exchange Market -- 2.1 Twenty-four-hour global
market -- 2.2 Value terms -- 2.3 Coffee houses -- 2.4 Spot
and forward market -- 2.5 Alternative markets -- 2.6
Currency options -- 2.7 Concluding remarks -- 3 A Brief
History of the Market -- 3.1 The barter system -- 3.2 The
introduction of coinage -- 3.3 The expanding British
Empire -- 3.4 The gold standard -- 3.5 The Bretton Woods
system -- 3.6 The International Monetary Fund and the
World Bank -- 3.7 The dollar rules OK -- 3.8 Special
drawing rights -- 3.9 A dollar problem -- 3.10 The
Smithsonian agreement -- 3.11 The snake -- 3.12 The dirty
float -- 3.13 The European Monetary System -- 3.14 The
Exchange Rate Mechanism -- 3.15 The European Currency Unit
-- 3.16 The Maastricht Treaty -- 3.17 The Treaty of Rome -
- 3.18 Economic reform -- 3.19 A common monetary policy --
1.20 A single currency -- 3.21 Currency options -- 3.22
Concluding remarks -- 4 Market Overview -- 4.1 Global
market -- 4.2 No physical trading floor -- 4.3 A "perfect"
market -- 4.4 The main instruments -- 4.5 Comparisons of
options with spot and forwards -- 4.6 The dollar's role --
4.7 Widely traded currency pairs -- 4.8 Concluding remarks
-- 5 Major Participants -- 5.1 Governments -- 5.2 Banks --
5.3 Brokering houses -- 5.4 International Monetary Market
-- 5.5 Money managers -- 5.6 Corporations -- 5.7 Retail
clients -- 5.8 Others -- 5.9 Speculators -- 5.10 Trade and
financial flows -- 6 Roles Played -- 6.1 Market makers --
6.2 Price takers -- 6.3 A number of roles -- 6.4 A number
of roles - options -- 6.5 Concluding remarks -- 7 Purposes
505 8 7.1 Commercial transactions -- 7.2 Funding -- 7.3 Hedging
-- 7.4 Portfolio investment -- 7.5 Personal -- 7.6 Market
making -- 7.7 Transaction exposure -- 7.8 Translation
exposure -- 7.9 Economic exposure -- 7.10 Concluding
remarks -- 8 Applications of Currency Options -- 9 Users
of Currency Options -- 9.1 Variety of reasons -- 9.1.1
Example 1 -- 9.1.2 Example 2 -- 9.1.3 Example 3 -- 9.2
Hedging vs speculation -- Glossary of foreign exchange
terms -- PART II CURRENCY OPTIONS - THE ESSENTIALS -- 10
Definitions and Terminology -- 10.1 Call option -- 10.2
Put option -- 10.3 Parties and the risks involved -- 10.4
Currency option risk/reward perception -- 10.5 Currency or
dollar call or put option? -- 10.6 Strike price and strike
selection -- 10.7 Exercising options -- 10.8 American and
European style options -- 10.9 In-, at- or out-of-the-
money -- 10.10 The premium -- 10.11 Volatility -- 10.12
Break-even -- 11 The Currency Option Concept -- 12 The
Currency Options Market -- 12.1 Exchange vs over-the-
counter -- 12.2 Standardised Options -- 12.3 Customised
options -- 12.4 Features of the listed market -- 12.5
Comparisons -- 12.6 Where is the market? -- 12.7
Concluding remarks -- 13 Option Pricing Theories -- 13.1
Basic properties -- 13.2 Theoretical valuation -- 13.3
Black-Scholes model -- 13.4 Examples of other models --
13.5 Pricing without a computer model -- 13.6 Educated
guess -- 13.7 The price of an option -- 13.8 Option
premium profile -- 13.9 Time value and intrinsic value --
13.10 Time to expiry -- 13.11 Volatility -- 13.12 Strike
price and forward rates -- 13.13 Interest rates -- 13.14
American vs European -- 13.15 Concluding remarks -- 14 The
Greeks -- 14.1 Delta -- 14.2 Gamma -- 14.3 Theta -- 14.4
Vega -- 14.5 Rho -- 14.6 Beta and omega -- 15 Payoff and
Profit/Loss Diagrams -- 15.1 Payoff diagram -- 15.2 Profit
diagram -- 15.3 The option writer
505 8 15.4 Put option -- 15.5 Put option writer -- 15.6 Basic
option positions -- 15.7 Graph addition -- 15.8 Profit/
loss profiles for ten popular option strategies -- 15.9
Concluding remarks -- 16 Basic Properties of Options --
16.1 Option values -- 16.2 Put/call parity concept -- 16.3
Synthetic positions -- 17 Risk Reversals -- 17.1
Understanding risk reversals -- 17.2 Implications for
traders -- 17.3 Implications for hedgers -- 17.4
Concluding remarks -- 18 Market Conventions -- 18.1 Option
price -- 18.2 What rate to use? -- 18.3 Live price -- 18.4
Pricing terms -- 18.5 Premium conversions -- 18.6
Settlement -- 18.7 How is an option exercised? -- 18.8
Risks -- 18.9 Concluding remarks -- Basic option glossary
-- PART III CURRENCY OPTION PRODUCTS -- 19 Vanilla Options
-- 19.1 Long options -- 19.2 Short options -- 19.3
Straddle -- 19.4 Strangle -- 19.5 Cylinder -- 19.6 Collar
-- 19.7 Participating forward -- 19.8 Ratio forward --
19.9 Added extras to vanilla options -- 20 Common Option
Strategies -- 20.1 Directional options -- 20.2 Precision
options -- 20.3 Locked trade options -- 21 Exotic Options
-- 21.1 Barriers -- 21.2 Average rates -- 21.3 Lookback
and ladder -- 21.4 Chooser -- 21.5 Digital (binary) --
21.6 Baskets -- 21.7 Compound -- 21.8 Variable notional --
21.9 Multi-factor -- 22 Structured Currency Options --
22.1 Trigger forward -- 22.2 Double trigger forward --
22.3 At maturity trigger forward -- 22.4 Forward extra --
22.5 Weekly reset forward -- 22.6 Range binary -- 22.7
Contingent premium -- 22.8 Wall -- 22.9 Corridor -- 23
Case Studies -- 23.1 Hedging -- 23.2 Trading -- 23.3
Investment -- 23.4 Bid to offer exposure -- 23.5
Concluding remarks -- 24 Option Hedge Matrix -- Exotic
currency option glossary -- 25 Concluding Remarks -- Index
520 A quick and concise guide to currency options An
understanding of currency options is essential for those
working in investment and foreign exchange. A Currency
Options Primer sets out to give readers a clear guide to
how the currency option market functions, offering
practical advice on mastering the necessary components and
concepts for fully understanding the workings of this
market
588 Description based on publisher supplied metadata and other
sources
590 Electronic reproduction. Ann Arbor, Michigan : ProQuest
Ebook Central, 2020. Available via World Wide Web. Access
may be limited to ProQuest Ebook Central affiliated
libraries
650 0 Options (Finance);Foreign exchange
655 4 Electronic books
776 08 |iPrint version:|aShamah, Shani|tA Currency Options Primer
|dHoboken : John Wiley & Sons, Incorporated,c2004
|z9780470870365
830 4 The Wiley Finance Ser
856 40 |uhttps://ebookcentral.proquest.com/lib/sinciatw/
detail.action?docID=219729|zClick to View
