Preface.
 
Scope of this Book.
 
The Readership.
 
About the Author.
 
Acknowledgments.
 
1 Foreign Exchange Options.
 
1.1 A Journey through the History Of Options.
 
1.2 Technical Issues for Vanilla Options.
 
1.3 Volatility.
 
1.4 Basic Strategies containing Vanilla Options.
 
1.5 First Generation Exotics.
 
1.6 Second Generation Exotics.
 
2 Structured Products.
 
2.1 Forward Products.
 
2.2 Series of Strategies.
 
2.3 Deposits and Loans.
 
2.4 Interest Rate and Cross Currency Swaps.
 
2.5 Participation Notes.
 
3 Practical Matters.
 
3.1 The Traders' Rule of Thumb.
 
3.2 Bid-Ask Spreads.
 
3.3 Settlement.
 
3.4 On the Cost of Delayed Fixing Announcements.
 
4 Hedge Accounting under IAS 39.
 
4.1 Introduction.
 
4.2 Financial Instruments.
 
4.3 Evaluation of Financial Instruments.
 
4.4 Hedge Accounting.
 
4.5 Methods for Testing Hedge Effectiveness.
 
4.6 Testing for Effectiveness - A Case Study of the Forward Plus.
 
4.7 Conclusion.
 
4.8 Relevant Original Sources for Accounting Standards.
 
4.9 Exercises.
 
5 Foreign Exchange Markets.
 
5.1 A Tour through the Market.
 
5.2 Software and System Requirements.
 
5.3 Trading and Sales.
 
Bibliography.

Index.