Essentials of Financial Risk Management -- Contents -- Preface -- Acknowledgments -- Chapter 1: What Is Financial Risk Management? -- How Does Financial Risk Arise? -- What Is Financial Risk Management? -- Factors that Impact Financial Rates and Prices -- Factors that Affect Foreign Exchange Rates -- Factors that Affect Commodity Prices -- Financial Risk Management: A Selective History -- Chapter 2: Identifying Major Financial Risks -- Interest Rate Risk -- Foreign Exchange Risk -- Commodity Risk -- Credit Risk -- Operational Risk -- Other Types of Risk -- Chapter 3: Interest Rate Risk -- Forward Rate Agreements -- Interest Rate Futures -- Interest Rate Swaps -- Interest Rate Options -- Chapter 4: Foreign Exchange Risk -- Forward Contracts -- Currency Futures -- Foreign Exchange Options -- Chapter 5: Credit Risk -- How Credit Risk Arises -- Credit Exposure Management -- Credit Derivatives -- Chapter 6: Commodity Risk -- Historical References -- Fixed-Rate Contracts -- Types of Participants -- Commodities Markets -- Commodity Forwards and Futures -- Commodity Options -- Chapter 7: Operational Risk -- How Operational Risk Arises -- Operational Considerations -- Special Issues in Managing Operational Risk -- Industry Recommendations -- Chapter 8: Risk Management Framework: Policy and Hedging -- Risk Profile of an Organization -- Risk Management Policy -- Chapter 9: Measuring Risk -- Measures of Exposure -- Value-at-Risk -- Cost Risk Measurement -- Operational Risk Measurement -- Chapter 10: Global Initiatives in Financial Risk Management -- Settlement Initiatives -- Trading Initiatives -- Payment Initiatives -- Capital Adequacy Initiatives -- Accounting and Regulatory Initiatives -- Appendix -- Associations -- Accounting and Regulatory Bodies -- Payment and Settlement Systems -- Central Banks -- Exchanges -- Credit Rating Agencies -- Index.