Читать книгу Manufacturing and Managing Customer-Driven Derivatives - Qu Dong - Страница 14

Structured derivative business encompasses exotic derivatives, in addition to vanillas. The key elements to understand in structured derivatives are Models, Risks, Applications and Hedges (MRAH). Given the risky nature of the structured derivatives, failing to understand MRAH, structured derivatives can backlash and HARM you. Grasping MRAH requires an effective and 201Csimpler” business value chain, with an efficient and well-functioning product development and distribution processes.