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Derivative Instruments - 1st Edition - ISBN: 9780750654197, 9780080503899

Derivative Instruments

1st Edition

A Guide to Theory and Practice

Authors: Brian Eales Moorad Choudhry
Hardcover ISBN: 9780750654197
eBook ISBN: 9780080503899
Imprint: Butterworth-Heinemann
Published Date: 24th March 2003
Page Count: 272
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Table of Contents

Introduction to derivatives; Overview of bond instruments; Forewards and futures valuation; FRA's and interest rate futures; Bond futures; Swaps; Credit derivatives and CDOs; Equity futures; Equity swaps; Equity and equity index options; Option pricing; Equity linked structured products


The authors concentrate on the practicalities of each class of derivative, so that readers can apply the techniques in practice. Product descriptions are supported by detailed spreadsheet models, illustrating the techniques employed.

This book is ideal reading for derivatives traders, salespersons, financial engineers, risk managers, and other professionals involved to any extent in the application and analysis of OTC derivatives.

Key Features

  • Combines theory with valuation to provide overall coverage of the topic area
  • Covers all the latest developments in derivatives


Traders; Structured Derivatives Salespersons; Risk Managers; Corporate Treasurers; Auditors; Investment Fund Managers.


No. of pages:
© Butterworth-Heinemann 2003
24th March 2003
Hardcover ISBN:
eBook ISBN:


"The authors cover the subject with exceptional clarity and precision. This is a superlative work and one that will be of immense value to practioners and graduate students alike." Aaron Nematnejad Fixed Income Derivative Analytics, Bloomberg L.P. "A book that the market has been waiting for: the authors cut through the dry theory and present us with a highly readable and practical guide to derivatives. This book is a must for anyone working in the financial markets." Graham 'Harry' Cross Fixed Income Trading, Van Der Moolen UK Ltd.

Ratings and Reviews

About the Authors

Brian Eales

Brian Eales is a principal lecturer in the Department of Economics, Finance and Business at London Metropolitan University. He is also a consultant and trainer at FOW, the derivatives training and consulting firm. Brian Eales worked in the securities department of the Commerzbank in Frankfurt. He is a graduate of the London School of Economics. Brian’s previous publications include Financial Engineering and Financial Risk Management.

Affiliations and Expertise

Principal Lecturer, Department of Economics, Finance and Business at London Metropolitan University

Moorad Choudhry

Moorad Choudhry

Moorad Choudhry is Chief Executive Officer, Habib Bank Zurich PLC in London, and Visiting Professor at the Department of Mathematical Sciences, Brunel University. Previously he was Head of Treasury of the Corporate Banking Division, Royal Bank of Scotland. Prior to joining RBS, he was a bond trader and structured finance repo trader at KBC Financial Products, ABN Amro Hoare Govett Limited and Hambros Bank Limited. He has a PhD from Birkbeck, University of London and an MBA from Henley Business School. Moorad lives in Surrey, England.

Affiliations and Expertise

Chief Executive Officer, Habib Bank Zurich PLC and Visiting Professor at the Department of Mathematical Sciences, Brunel University.