List of Figures

Chapter 1: Derivative Securities

Figure 1.1: Monthly Silver Prices, January 1979 to June 1980. Spot price is the monthly average of the Handy and Harman daily closing price; COMEX December futures contract high is for the highest traded price for the December futures contract for that delivery year, e.g., the January 1980 (1979) value is for the December 1980 (1979) delivery.
Figure 1.2: The price decline during March 1980 and the Hunts' and Conti group's national variation margin payments ( Source: Adapted from Williams, 1995, p. 48.)
Figure 1.3: Leeson's Concealed Trading Losses at Baring's Bank (Singapore). ( Source: Bank of England, Board of Banking Supervisors.)
Figure 1.4: Foreign exchange business of Canadian banks involving U.S. dollars. ( Source: Bank of Canada, Review.)
Figure 1.5: Derivatives usage by U.S. nonfinancial firms. ( Source: Bodnar, G.M., Hayt, G.S., Marston, R.C., and Smithson, C.W. (1996). Financial Management 25: 113 133.)
Figure 1.6: CFTC website.

Figure 3.1: Supply of storage.
Figure 3.2: CFTC Commitments of Traders Report, allocation of open interest, November 13, 2001. ( Source: CFTC Commitments of Traders Report, Nov. 13, 2001.)
Figure 3.3: Interest rate futures prices. ( Source: The Wall Street Journal, August 8, 1994. With permission.)
Figure 3.4: Eurodollar futures price. ( Source: The Wall Street Journal, August 8, 1994. With permission.)
Graph 3.1: The relationship between the cash yield and the bond futures term structure. (Cheapest deliverable is 20 year maturity.)
Graph 3.2:...

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