Asian Structured Products

Structured products in the form of equity-linked derrivatives have seen a rapid rise in popularity in the field of wealth management. Structured products are combinations of derivatives and traditional financial instruments such as stocks and bonds. The various components are combined into a single financial instrument and securitized. Discusses the characteristics and practical applications of structured products. In addition to providing a description of the structured products, this book focuses on their practical applications, showing how they can generate added value as part of an integrated investment process. Colourful charts help present the material in an attractive, real-world context.

This book is essential in understanding, investing and risk managing the holy grail of investments - structured products. The book begins by introducing structured products by way of a basic guide so that readers will be able to understand a payoff graphic, read a termsheet or assess a payoff formula, before moving on to the key asset classes and their peculiarities. Readers will then move on to the more advanced subjects such as structured products construction and behaviour during their lifetime. It also explains how to avoid important pitfalls in products across all asset classes, pitfalls that have led to huge losses over recent years, including detailed coverage of counterparty risk, the fall of Lehman Brothers and other key aspects of the financial crisis related to structured products. The second part of the book presents an original approach to implementing structured products in a portfolio. Key features include: A comprehensive list of factors an investor needs to take into consideration before investing. This makes it a great help to any buyer of structured products; Unbiased advice on product investments across several asset classes: equities, fixed income, foreign exchange and commodities; Guidance on how to implement structured products in a portfolio context; A comprehensive questionnaire that will help investors to define their own investment preferences, allowing for a greater precision when facing investment decisions; An original approach determining the typical distribution of returns for major product types, essential for product classification and optimal portfolio implementation purposes; Written in a fresh, clear and understandable style, with many figures illustrating the products and very little mathematics. This book will enable you to better comprehend the use of structured products in everyday banking, quickly analyzing a product, assessing which of your clients it suits, and recognizing its major pitfalls. You will be able to see the added value versus the cost of a product and if the payoff is compatible with the market expectations.

Advanced Guidance to Excelling in the FX Market Once you have a textbook understanding of money market and foreign exchange products, turn to FX Options and Structured Products, Second Edition, for the beyond-vanilla options strategies and traded deals proven superior in today’s post-credit crisis trading environment. With the thoroughness and balance of theory and practice only Uwe Wystup can deliver, this fully revised edition offers authoritative solutions for the real world in an easy-to-access format. See how specific products actually work through detailed case studies featuring clear examples of FX options, common structures and custom solutions. This complete resource is both a wellspring of ideas and a hands-on guide to structuring and executing your own strategies. Distinguish yourself with a valued skillset by: Working through practical and thought-provoking challenges in more than six dozen exercises, all with complete solutions in a companion volume Gaining a working knowledge of the latest, most popular products, including accumulators, kikos, target forwards and more Getting close to the everyday realities of the FX derivatives market through new, illuminating case studies for corporates, municipalities and private banking FX Options and Structured Products, Second Edition is your go-to road map to the exotic options in FX derivatives.

' With the CNY revaluation perspectives, hundreds of billions of US dollars have been invested in various types of CNY-related derivative products. As a derivatives specialist with more than ten years' experience in the international financial market and with a working experience in China in the past few years, the author offers a volume on trading and other practical issues of CNY-related derivative products in the offshore marketplace. Contents: The Chinese Economy and Financial SystemForeign Exchange Market and Foreign Exchange Derivatives MarketThe Asian Financial Crisis and Financial DerivativesChinese Yuan (CNY) DerivativesFuture Development Readership: Undergraduates and graduate students in accounting studies; researchers and practitioners in derivatives finance; exporters and importers; financial risk managers. Keywords:Chinese Yuan;CNY Revaluation;Non-Deliverable Forwards;CNY Forwards;CNY Non-Deliverable Options;CNY Non-Deliverable Swaps;CNY Structured NotesKey Features:Familiarizes readers with the Chinese economy in transition and the Chinese financial market, so that they can make their own judgement as to whether or not the CNY should be revaluedPresents major foreign exchange derivatives trading in organized exchanges and the over-the-counter marketplace around the worldReviews what foreign exchange products were involved both before and during the Asian financial crisis, because many of them were used to speculate or hedge against devaluations of the Asian currenciesStudies various CNY-related derivative products and embedded derivative productsExamines the possible impacts of these derivative products on the CNY exchange rate, based on the experiences of other currencies such as the Korean won and the New Taiwan dollarReviews:“I count Peter Zhang as one of the young heroes of the field of finance and this book surely illustrates my view. He brings his extensive knowledge and experience in derivatives and the operation of markets to bear in China where the development of both, while nascent, offers great promise. In his book, he has taken a very pragmatic and thoughtful approach to contending with and managing the risks of transactions in Chinese Yuan, contributing to both the scholarship and practice of finance in the global economy. The Chinese yuan will become a major currency in the global marketplace and this book will help readers get ready.”Sharon Brown-Hruska Acting Chairman and Commissioner US Commodity Futures Trading Commission “Peter G Zhang's new book on the Chinese yuan is an important and welcome addition to the body of English language works pertaining to the development of Chinese financial markets. It offers a comprehensive overview of financial derivatives in China and as such is much more than an analysis of the issues dealing with the revaluation of the Chinese currency.”Leo Melamed Chairman Emeritus and Senior Policy Advisor Chicago Mercantile Exchange “The new book on Chinese yuan derivative products by Peter G Zhang is the most comprehensive one written so far on existing derivatives relating to the Chinese currency trading both onshore and offshore. I am sure it will prove to be of great value not only to international trade and financial participants but also for domestic Chinese financial institutions in product innovation as China further integrates into the world economy, both financially and trade-wise.”Shengman Zhang, Managing Director World Bank “Peter G Zhang's book on the Chinese yuan derivatives is a timely work analyzing the major derivative products trading in the offshore market based on systematic introduction of the Chinese economy and financial system. I highly recommend this book as it is useful for the international community with increasing trade and financial businesses with China and particularly valuable for Chinese financial institutions that began to accelerate derivatives businesses guided by the ‘Interim Rules on Derivatives Business of Financial Institutes.’”Li Fuan Deputy Director General China Banking Regulatory Commission “I commend Dr Peter G Zhang's highly readable new book on Chinese Yuan derivatives as essential reading for those who want to participate in the likely explosive growth of a sophisticated Chinese financial services industry over the next ten years. For financial practitioners China is the biggest market opportunity in the world today — but please do your homework and ignore this book at your peril!”Roy Leighton Chairman European Advisory Board, CALYON SA Chairman Futures & Options Association, London “Peter Zhang's new book on Chinese yuan derivative products is set to become essential reading for any participant in world capital markets as China continues its development towards becoming a key financial centre.”Tim Cook Regional Head Exchange Traded Derivatives — Asia Pacific, UBS “Peter Zhang's new book will be an important asset to international finance in general and to Chinese finance in particular.”Sangkee Min Professor Seoul National University, South Korea “Comprehensive and practical in its topical coverage, Peter Zhang's new book combines many years of experience working in the field of derivatives and a deep knowledge of the Chinese economic environment to provide a systematic treatment of issues surrounding the Chinese Yuan derivative products. Not only will this book be tremendously helpful for practitioners, it would also greatly benefit scholars and policy makers alike.”Jin Li Assistant Professor Harvard Business School “Peter G Zhang knows both the international and the domestic Chinese financial market. He proves this once more in his new book, Chinese Yuan (Renminbi) Derivative Products. Drawing on his more than ten years' experience in these markets he presents the international foreign exchange cash and derivative markets in a remarkably pragmatic way, easily leading the reader through the still inscrutable situation of today's Chinese derivative market.All in all, a book worth reading for all those involved in any way with this market; students and pragmatics, businessmen and risk managers, traders and investors.”Dr Jörg Franke Former CEO of Eurex “Peter Zhang's new book provides a sweeping overview of recent developments in China's economy, banking and capital markets. He uses his extensive knowledge of derivatives to review pragmatic issues related to the development of and trading in Chinese Yuan derivatives. Peter's writing style is very readable — and a must read — for any derivatives professional wishing to understand the growing role of the Chinese economy and the development and use of derivatives based on the Chinese Yuan.”William J Brodsky Chairman & Chief Executive Officer Chicago Board Options Exchange '

Over the past decade there has been a great escalation in thesophistication of the financial markets and technology and as a result many newderivatives products have been developed. Structured Products offers practical details on the mainstructured products developed over the last ten years. The booklooks in detail at the risks, valuation and key elements of eachstructured product in turn. It explains the basic principles andunderlying philosophies behind the concept giving investors athrough understanding of each product in a conceptual and practicalway.

Master's Thesis from the year 2007 in the subject Economics - Finance, grade: Pass, Cranfield University (Cranfield School Of Management), course: Finance & Management, language: English, abstract: This thesis researches the pricing and back testing on structured products in the United Kingdom Market. We conclude that structured products do not give equity like returns. The structured products performance is evaluated on the basis of pricing and back testing is performed on three different instruments issued in the United Kingdom market. Their returns are compared with the returns of the FTSE 100 index, UK Treasury Bond and the Synthetic Instruments. The Black and Scholes model for dividend payments is used in this study to calculate the option prices of the structured products.

Advanced Guidance to Excelling in the FX Market Once you have a textbook understanding of money market and foreign exchange products, turn to FX Options and Structured Products, Second Edition, for the beyond-vanilla options strategies and traded deals proven superior in today’s post-credit crisis trading environment. With the thoroughness and balance of theory and practice only Uwe Wystup can deliver, this fully revised edition offers authoritative solutions for the real world in an easy-to-access format. See how specific products actually work through detailed case studies featuring clear examples of FX options, common structures and custom solutions. This complete resource is both a wellspring of ideas and a hands-on guide to structuring and executing your own strategies. Distinguish yourself with a valued skillset by: Working through practical and thought-provoking challenges in more than six dozen exercises, all with complete solutions in a companion volume Gaining a working knowledge of the latest, most popular products, including accumulators, kikos, target forwards and more Getting close to the everyday realities of the FX derivatives market through new, illuminating case studies for corporates, municipalities and private banking FX Options and Structured Products, Second Edition is your go-to road map to the exotic options in FX derivatives.