Fundamentals of Financial Instruments

Fundamentals of Financial Instruments is a comprehensive introduction to the full range of financial products commonly used in the financial markets. Author Sunil Parameswaran offers clear, worked examples of everything from basic equity and debt securities to complex instruments such as derivatives and mortgage-backed securities.In addition to explaining the instruments, Parameswaran also outlines the structure and dynamics of the free-market system and clearly highlights the environment in which such financial instruments are traded.Financial securities lend themselves naturally to a quantitative analysis. To ensure that readers, irrespective of their academic background, are able to navigate through the presentation, a detailed chapter is devoted to the topic of interest rates and the time value of money. Thereafter the focus shifts to the intricacies of various financial instruments, including:equity and preferred sharesbondsmoney market instrumentsforeign exchange productsderivativesmortgage-backed securitiesswaps.The book is intended to serve as a standalone reference for market professionals and MBA students. It can also be used as a detailed reference for augmenting standard textbooks used in courses such as Financial Derivatives, Fixed Income Securities, and International Finance.