The complete guide to derivatives, from experts working with CFA Institute, offers an authoritative reference for students and investment professionals interested in the role of derivatives within comprehensive portfolio management. Starting with a general discussion on the types of derivatives and their characteristics, the book delves into detailed examinations of each market and its contracts, including forwards, futures, options, and swaps. It also explores credit derivative markets and their instruments, providing a thorough understanding of these financial tools.

The companion workbook (sold separately) offers problems and solutions that align with the text, allowing readers to test their understanding and facilitate deeper internalization of the material. This book builds a conceptual framework for grasping derivative fundamentals, offering systematic coverage and thorough explanations. Readers will understand the different types of derivatives and their characteristics, delve into the various markets and their associated contracts, and gain essential knowledge for effective financial risk management.