Fundamentals of Financial Instruments: An Introduction to Stocks, Bonds, Foreign Exchange,and Derivatives

This is a careful introduction to securities, securitized products, futures options and vanilla swaps covering their basic structure, market and trading and elementary pricing methods. It will appeal to readers requiring a gentle explanation of the fundamental concepts underlying the main classes of financial instruments, where every step is clearly illustrated by a simple numerical example. There are many specialized advanced mathematical texts on pricing and hedging financial instruments, but few other texts can compete with the clarity of Sunil Parameswaran's Fundamentals of Financial Instruments as an introduction to the general subject.
—Pofessor Carol Alexander, air of Financial Risk Management, ICMA Centre, Henley Business School at Reading; air of the Board, Professional Risk Manager’s International Association

"his book is a comprehensive survey of financial instruments with illustrations to enable an assiduous reader to understand not only their definitions but also the mechanics and numerical implementation. It will prove a valuable reference."
—Professor Simon Benninga, Faculty of Management, Tel Aviv University

"The book contains an excellent and comprehensive coverage of all important financial products and instruments which are extensively used in financial markets. It provides the reader with the fundamentals of valuation, nature of the markets and a wide range of applications of these instruments. It will be a very useful text in MBA courses dealing with financial markets and instruments."
—Professor P.G. Apte, Professor, Indian Institute of Management, Bangalore, India