Derivatives and Risk Management, 2e is a very comprehensive textbook designed to cater to the syllabi requirements of financial management students. The text provides extensive and intensive coverage of all the basic principles of derivatives and risk management. Furthermore, advanced topics such as credit risk, securitization, and credit derivatives are also covered in detail. It also includes corporate finance-related topics such as corporate securities seen as derivatives and real options. The focus of this particular edition is to provide a better and more organized coverage of the subject. In addition to covering regular subject material, the text covers weather and energy derivatives and accounting for derivatives. A few cases that throw light on the dangerous side of derivatives are also discussed. Other than providing an extensive coverage of the core concepts of the subject, it includes numerous solved examples and graphical illustrations to provide the students with a practical orientation towards derivatives.