ch. 1. Introduction to forward and futures contracts -- ch. 2. Pricing forwards and futures -- ch. 3. Interest rate and currency swaps -- ch. 4. Introduction to options and no-arbitrage restrictions -- ch. 5. Trading strategies and slope and convexity restrictions -- ch. 6. Optimal early exercise of American options -- ch. 7. Binomial option pricing -- ch. 8. Using the binomial model -- ch. 9. The Black-Scholes-Merton option pricing formula -- ch. 10. Options on futures -- ch. 11. Risk management -- ch. 12. Empirical evidence and fixes -- ch. 13. Corporate securities and credit risk.

Derivatives markets are an important and growing segment of financial markets and play an important role in the management of risk. This invaluable set of lecture notes is meant to be used in conjunction with a standard textbook on derivatives in an advanced undergraduate or MBA elective course on futures, forwards, swaps, options, corporate securities and credit default swaps. It covers the foundations of derivatives pricing in arbitrage-free markets, develops the methodology of risk-neutral valuation as well as discusses hedging and the management of risk.

Electronic reproduction. Singapore : World Scientific Publishing Co., 2015. System requirements: Adobe Acrobat Reader. Mode of access: World Wide Web.