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全球财经 培训领导品牌 Derivatives Content • Financial Engineering • Financial Innovation • Financial Derivatives Financial Engineering - Background One of the most important uses of financial derivatives is risk management. Some types of risk are simple to manage with financial derivatives, but others require custom solutions. Financial engineering generally refers to the creation of custom solutions to plex risk management problems. The financial engineer might use a bination of futures, options, and swaps, to tailor a solution to a specific risk management problem. FRM学员服务部： 咨询： 邮箱：frm@gaodun.cn 网站： 全球财经 培训领导品牌 Financial Engineering - Background One of the most innovative areas to develop in the financial markets within the last fifty years has been the trading of derivative products related to capital markets instruments. As with all new products, derivatives h e been both described as uncontrollable methods of speculation and touted as money-s ing hedging techniques. Financial Engineering - Background Part of the problem surrounding the newest generation of derivatives is that they are products of financial engineering, not of the traditional derivatives exchanges. They