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Today’s featured e-book download is Tools of the Trade: A Basic Guide to Financial Derivatives (2.05 MB, 15 pg) – This guide offers insight into when and how derivatives can be valuable tools for managing financial risk and focuses on pertinent questions to ask yourself and others before you or your company invests.

What you can learn from this booklet

During the mid-1990s, derivatives figured prominently in a number of high-profile financial reversals involving municipalities, corporations, investment firms, and banks. Yet even as these instruments gained notoriet3; they remained somewhat of a mystery. The one certainty about derivatives was that people wanted to know more about them.

The Federal Reserve System responded by embarking on a major effort to increase public awareness. We, at the Federal Reserve Bank of Boston, hosted a daylong educational forum on managing the risks associated with investing in derivatives. Our target audience was not the Wall Street investment professional who worked with derivatives every day but, rather, the nonexpert who wanted to know more about derivatives in order to make an informed decision — either on the job or in the realm of personal financial planning.

The enthusiastic response to our conference indicated that the desire for information about derivatives was even greater than we had anticipated. Auditors, investment planners, municipal treasurers, CFOs, and even a few CEOs packed the Bank’s auditorium to hear some of the country’s foremost experts on financial derivatives discuss everything from what derivatives are to what types of expertise and control are needed to use these instruments wisely.

This publication is an outgrowth of that conference. Its primary purposes are to offer some insights into when and how derivatives can be valuable tools for managing financial risk and to focus on the pertinent questions to ask yourself and others before you or your company invests. We hope it will help to dispel the mystique that surrounds the varied group of financial instruments known collectively as derivatives.

To download this e-book, or any of our current e-books, please visit the ebook page where you may choose the e-book(s) you wish to download. *Download an e-book by clicking on it’s title.*

Jeremy

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