The governing agreements for a wide range of transactions, from the most basic financing arrangements to the most complex derivatives trading relationships, frequently include a “cross-default” event ...

The sharp swings in oil prices since the war involving Iran began have shaken financial markets and pushed some large ...

The cover is the first clue: this is not your usual derivatives textbook. Two eager commodities traders — a rabbit, bearing acorns, and a squirrel, bearing carrots — face off across the front of a new ...

The financial industry has been rapidly integrating Artificial Intelligence (AI) to enhance various aspects of its operations, including the pricing of interest rate derivative contracts. Interest ...

The complex nature of derivatives markets may be a systemic risk to the global financial system, and the IMF has included this risk in the Global Financial Stability Report. This was announced as part ...

With the 2021 sunset of LIBOR looming on the horizon, the clock is ticking for banks and derivatives market participants to prepare for the transition to risk-free rates (RFRs). Most of the discussion ...

A derivative is a financial instrument that gains value from the performance or price of an underlying asset, such as stocks, bonds, commodities, currencies, and indices. It is set between two or more ...

Derivatives structurers are having a day in the sun. Higher interest rates are helping these alchemists of Wall Street to put together profitable trades across asset classes that can be pitched to ...