Structured Equity Derivatives: The Definitive Guide to Exotic Options and Structured Notes
by Harry M. Kat
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List Price: $145.00
Our Price: $73.83
Your Save: $ 71.17 ( 49% )
Availability: Usually ships in 24 hours
Manufacturer: Wiley
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Average Customer Rating:  
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Binding: Hardcover
Dewey Decimal Number: 332.632
EAN: 9780471486527
ISBN: 0471486523
Label: Wiley
Number Of Items: 1
Number Of Pages: 392
Publication Date: 2001-09-12
Publisher: Wiley
Studio: Wiley
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Spotlight customer reviews:
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Customer Rating:
Summary: What Hull's book is missing
Comment: If you have ever taken a class on Derivatives, it is very likely you used the book "Option, Futures, and other Derivatives" by John Hull. Although Hull's book is a great introduction into the field of Derivatives, it is missing some crucial "real world" elements. For example, Hull's chapter on Exotics is pitiful. This book really talks about how to structure exotic derivatives so that it satisfies the hedger's need and giving him nothing more(thus reducing the cost). By learning how to structure these derivatives, you really learn what derivatives really are. This book starts from the ground up, and makes no assumptions to your derivatives knowledge. Like another reviewer has said, this book may not be useful to you if you have been structuring or pricing derivatives at a major i-bank for 10+ years, BUT it is a GREAT introduction to the subject at an advanced undergrad or an early graduate school level. Furthermore, it explains Derivatives from the consumer side, those who may wants a position hedged.
In short, This is probably the single best introductory book to exotic equity derivatives I've ever seen. Another good title for this book could have been "Applied Derivatives: A real world guide to structuring derivatives from ground up"
Customer Rating:
Summary: great book!
Comment: This is the best book on structured equity products so far, it is fun to read but never trivial.
Customer Rating:
Summary: Great introduction & overview
Comment: This is still a great introduction to the subject. Being familiar with the majority of current financial 'engineering' texts, I can honestly say this is still a very good book. It does what it claims to do - and sticks to the intended audience.
Customer Rating: 
Summary: A nice book for starters...
Comment: This is definitely a very useful book for students taking financial engineering courses or complete newcomers in the aera of structuring. The book's written in a very clear and approachable manner and the author doesn't bother you with obscur mathematics. However, being myself a structurer of derivative products, I must unfortunately say that this book didn't really improve my knowledge in the field of structuring. But since I believe that Dr. Kat's main objective was to primarily target newcomers in the area of structured products, and not any professionals working in the business, I still think that the book is a respectable achievement.
Customer Rating:
Summary: Finally!!!! A definitive guide for common sense people
Comment: This book offers readers, who have little knowlegde about structured products, the insides of it. It is easy to read and easy to understand. I bet the reviewer from New York and Seattle are in this business themselves, as to give this book such low ratings. These people are probably affraid that their clients will buy this book and find out later that they got ripped of by their ruthless bankers. If these people are in the business, they should not have bought the book it in the first place.... Go ask your colleagues!!!
It is true that the math is non-existent, but again there are loads of books written in english with loads of formulas in it that even most english speakers don't have a clue about, and most importanly, how to apply it. This is definitely a book on the side of the consumers of these products. Buy it, you won't waste your money!!!!
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Editorial Reviews:
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Customer Rating:
Summary: What Hull's book is missing
Comment: If you have ever taken a class on Derivatives, it is very likely you used the book "Option, Futures, and other Derivatives" by John Hull. Although Hull's book is a great introduction into the field of Derivatives, it is missing some crucial "real world" elements. For example, Hull's chapter on Exotics is pitiful. This book really talks about how to structure exotic derivatives so that it satisfies the hedger's need and giving him nothing more(thus reducing the cost). By learning how to structure these derivatives, you really learn what derivatives really are. This book starts from the ground up, and makes no assumptions to your derivatives knowledge. Like another reviewer has said, this book may not be useful to you if you have been structuring or pricing derivatives at a major i-bank for 10+ years, BUT it is a GREAT introduction to the subject at an advanced undergrad or an early graduate school level. Furthermore, it explains Derivatives from the consumer side, those who may wants a position hedged.
In short, This is probably the single best introductory book to exotic equity derivatives I've ever seen. Another good title for this book could have been "Applied Derivatives: A real world guide to structuring derivatives from ground up"
Customer Rating:
Summary: great book!
Comment: This is the best book on structured equity products so far, it is fun to read but never trivial.
Customer Rating:
Summary: Great introduction & overview
Comment: This is still a great introduction to the subject. Being familiar with the majority of current financial 'engineering' texts, I can honestly say this is still a very good book. It does what it claims to do - and sticks to the intended audience.
Customer Rating:
Summary: A nice book for starters...
Comment: This is definitely a very useful book for students taking financial engineering courses or complete newcomers in the aera of structuring. The book's written in a very clear and approachable manner and the author doesn't bother you with obscur mathematics. However, being myself a structurer of derivative products, I must unfortunately say that this book didn't really improve my knowledge in the field of structuring. But since I believe that Dr. Kat's main objective was to primarily target newcomers in the area of structured products, and not any professionals working in the business, I still think that the book is a respectable achievement.
Customer Rating:
Summary: Finally!!!! A definitive guide for common sense people
Comment: This book offers readers, who have little knowlegde about structured products, the insides of it. It is easy to read and easy to understand. I bet the reviewer from New York and Seattle are in this business themselves, as to give this book such low ratings. These people are probably affraid that their clients will buy this book and find out later that they got ripped of by their ruthless bankers. If these people are in the business, they should not have bought the book it in the first place.... Go ask your colleagues!!!
It is true that the math is non-existent, but again there are loads of books written in english with loads of formulas in it that even most english speakers don't have a clue about, and most importanly, how to apply it. This is definitely a book on the side of the consumers of these products. Buy it, you won't waste your money!!!!
"It has been said that in theory, theory translates into practice, but in practice it never does. This breakthrough book defies this conventional wisdom in a unique way. It is a must read for anyone interested in structuring derivatives products." — Dr Peter Carr, Principal, Banc of America Securities "Harry Kat has done a masterful job explaining the world of exotic options and the role that these options play in building structured securities. Dr Kat conveys the essence of these products from the perspective of a very experienced financial engineer but in a fashion that the less experienced reader can easily follow and understand. In this, Dr Kat has shown himself to be a marvellous teacher. I'm confident that this book will prove to be one of the classics to be read by future generations of financial engineers." — John F. Marshall, Principal, Marshall, Tucker & Associates, and Founding Executive Director, International Association of Financial Engineers "This is a refreshingly new and different book about putting together structured equity products. It is not a book about deriving formulas but a book about applying formulas. The emphasis on hedging costs and alternative ways of reducing those costs by modifying the structure will be appreciated both by those who actually manufacture and sell these products and those who buy them." — Don Chance, First Union Professor, Virginia Tech
"This book is about applications, about solving real business problems with derivatives.... Contrary to many other books in the field, the approach is managerial rather than abstractly mathematical, aimed at practitioners instead of applied mathematicians. Professor Kat's book contains all the mathematics required. However, the mathematical aspects play a purely supportive role, not the starring role. Bravo!"
— Anthony F. Herbst, University of Texas at El Paso, Founding Editor, The Journal of Financial Engineering "It is certainly a unique book, much more useful that most new books on derivatives. In a nutshell, this book is very creatively done and a great resource for professionals."
— Mark Rubinstein, Paul Stephens Professor of Applied Investment Analysis, University of California at Berkeley
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