The Aim of the Book
This book is aimed at the very many people in financial institutions, universities and elsewhere who will benefit from a solid grounding in the calculations behind the various financial instruments – dealers, treasurers, investors, programmers, students, auditors and risk managers – but who do not necessarily do complex mathematical puzzles for fun. There is also a strong emphasis on the mechanics, background and applications of all the various instruments.
Many dealers would claim to be able to perform their job – essentially buying and selling – very profitably, without using much maths. On the other hand, the different dealing areas in a bank overlap increasingly and it is essential to understand the basis for ...