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Swaps and Other Derivatives by Dr Richard R. Flavell, Richard Flavell

Swaps and Other Derivatives Dr Richard R. Flavell, Richard Flavell ebook
Format: pdf
Publisher: Wiley
Page: 1
ISBN: 0471495891, 9780471495895

When Lehman filed for Chapter 11, many counterparties that had swaps and other derivatives with the bank ended their transactions. Morgan, Merrill Lynch and Morgan Stanley, which are headquartered in New York. The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. President Obama said in a June 17 speech on his plans for finance industry regulatory reform that credit swaps and other derivatives “have threatened the entire financial system”. Senate recently debated a major financial reform bill in which the credit default swap, a kind of derivative, played a significant part, Senators Carl Levin (D-MI) and Jeff Merkley (D-OR) proposed an amendment to that bill that would have banned banks from proprietary trading. A bill by Minnesota Representative Keith Ellison would impose the same tax as the UK on stock trades and would apply a scaled rate to options, futures, credit default swaps and other derivative instruments. It's well known that speculation in key commodity markets using swaps and other derivatives has increased massively in recent years, and there's plenty of evidence that such speculation can greatly affect prices. There were a lot of Among the other owners of the Caymans company are Citigroup, Goldman Sachs, J.P. The fiscal industry's creation of complex products such as credit score default swaps and other derivatives has been extensively blamed for triggering the world-wide fiscal crisis of 2008. Unrealized gains (losses) on interest rate swaps and other derivative instruments are treated similarly. These funds employ various investment strategies such as use of swaps, futures contracts and other derivative instruments to accomplish their objectives.