Description the widespread use of derivative instruments?considered to beone of the main causes of the 2008 financial crisis?has not flaggedsince the global economic meltdown. Contrary to popular belief, theimproper use of derivatives, not the nature of derivativesecurities themselves, caused the collapse of 2008. In india,derivatives were introduced as late as 2000. Today, the nationalstock exchange is the number one trading spot in the world forindex futures. The volume of trade of both financial andcommodity-related derivatives has increased significantly over thepast few years. During this period, the market has witnessed theintroduction of several new products designed specifically forindia, making it necessary for finance professionals to understandthe working of these products in addition to the existingderivatives?a need that this book fulfills. Derivatives and risk management provides readers with athorough knowledge of the functions of derivatives and the manyrisks associated with their use. Besides discussing the particularderivative instruments available in india, the book concentrates onfour types of derivatives?forward contracts, futures contracts,swap contracts and options contracts. It is targeted atpostgraduate students of commerce, finance and management, andblends theory, problems and cases to introduce the basic conceptsin a lucid, engaging manner. It will also be of use to fundmanagers, risk-management specialists, treasury managers, studentstaking the cfa examinations and anyone who wants to understand thederivatives market in india.