PrefaceAcknowledgmentsList of Abbreviations1. An Introduction to Swaps2. The Risk Characteristics and the Traditional Uses of Swaps3. The Pricing of Swaps4. Caps and Floors5. Swaptions6. Swaps with Embedded Options7. Structured Notes8. Relative Value and Macro Trades9. More Recent Product InnovationsAppendixesA. Refresher in Option PricingB. A Brief Review of Some Fixed Income TopicsC. A Closer Look at Day Count and Payment Conventions in SwapsD. A Quick Look at MortgagesE. The Normal ModelSolutions to Selected ProblemsBibliographyIndex
Howard Corb is an adjunct associate professor in finance and economics at Columbia Business School and a partner at Arel Capital. After receiving his Ph.D. in finance from Stanford University, he began his Wall Street career at J. P. Morgan and later joined Morgan Stanley, during which time he worked with a variety of institutional clients to help manage their interest rate risk using derivatives.