Theories of Interest Rate Term Structures In this swatch, we take a look at three proposed theories of why interest rates have term structures i.e. they are not flat or constant.
Currency Swaps: Valuation Approaches (FRM Part 1) Here, we look at currency swaps – their mechanics and valuation approaches both as positions in bonds and using currency forwards.
Adjusting Option Terms for Stock Dividends (FRM Part 1) Here, we take a look at how option contracts are adjusted for stock dividends and stock splits.
Foreign Exchange Risk: Simple Formulation (FRM Part 1) Here is a quick and simple formulation for gaining insights into foreign exchange risk and hedging it.