Financial Risk Management Handbook.pdf

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Handbook
Second Edition
Financial Risk Manager
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Founded in 1807, John Wiley & Sons is the oldest independent publishing company
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For a list of available titles, please visit our Web site at www.WileyFinance.com.
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Handbook
Second Edition
Philippe Jorion
GARP
Wiley
John Wiley & Sons, Inc.
Financial Risk Manager
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Copyright 2003 by Philippe Jorion, except for FRM sample questions, which are
copyright 1997–2001 by GARP. The FRM designation is a GARP trademark. All rights
reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system, or
transmitted in any form or by any means, electronic, mechanical, photocopying,
recording, scanning, or otherwise, except as permitted under Section 107 or 108 of
the 1976 United States Copyright Act, without either the prior written permission of
the Publisher, or authorization through payment of the appropriate per-copy fee
to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923,
978-750-8400, fax 978-750-4470, or on the web at www.copyright.com. Requests to
the Publisher for permission should be addressed to the Permissions Department,
John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax
201-748-6008, e-mail: permcoordinator§wiley.com.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have
used their best efforts in preparing this book, they make no representations
or warranties with respect to the accuracy or completeness of the contents of
this book and specifically disclaim any implied warranties of merchantability
or fitness for a particular purpose. No warranty may be created or extended
by sales representatives or written sales materials. The advice and strategies
contained herein may not be suitable for your situation. You should consult with
a professional where appropriate. Neither the publisher nor author shall be liable
for any loss of profit or any other commercial damages, including but not limited to
special, incidental, consequential, or other damages.
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Library of Congress Cataloging-in-Publication Data:
ISBN 0-471-43003-X
Printed in the United States of America.
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