2010备战FRM 金融市场与产品.pdf

Part 3 – Financial Markets and Products 2010 Financial Risk Management Topic 21. Structural Hubs: Clearinghouses, Derivative Product Companies, and Exchanges1 Topic 22. Introduction (Hull Chap 1)11 Topic 23. Mechanics of Futures Markets24 Topic 24. Hedging Strategies Using Futures35 Topic 25. Interest Rates50 Topic 26. Determination of Forward and Futures Prices68 Topic 27. Interest Rate Futures84 Topic 28. Swaps95 Topic 29. Properties of Stock Options1 Topic 30. Trading Strategies Involving Options12 For Students in DMC’s FRM Training Program Only 2010/03/13-14 SJTU Wang Gang :Ph.D FRM CFA These materials may not be copied without written permission from the author. The unauthorized duplication of these materials is a violation of global copyright laws. Your assistance in pursuing potential violators of this law is greatly appreciated. Financial Markets and Products 道明诚教育 FRM项目组 Financial Risk Management 2010 CopyRight by DMC 11 考试要求概览 对应内容：属于2008年以前FRM考试市场风险管理部 分（Market Risk Management) 考试占比：30% 考点分布：138个AIMs ，其中涉及计算要求40个。 新增内容5个Readings ，固化内容John Hull 教材之9个章 节。(重点与难点） Financial Risk Management 2010 CopyRight by DMC 2 21.1 Topic 21: Structural Hubs: Clearinghouses, Derivative Product Companies, and Exchanges AIM 1: Describe major players in derivatives market, including: (1) derivatives dealers, (2) clearinghouses Derivatives dealers are specially organized firms, usually associated with major financial institutions, which buy and sell derivatives securities. Clearinghouses serve as “credit managers” for the financial markets by providing clearing and settlement services for fi