文档介绍:Financial Risk Manager
Handbook
Second Edition
Founded in 1807, John Wiley & Sons is the oldest independent pany
in the United States. With offices in North America, Europe, Australia, and Asia, Wiley
is mitted to developing and marketing print and electronic products and
services for our customers’ professional and personal knowledge and understanding.
The Wiley Finance series contains books written specifically for finance and invest-
ment professionals, as well as sophisticated individual investors and their financial
advisors. Book topics range from portfolio management to merce, risk manage-
ment, financial engineering, valuation, and financial instrument analysis, as well as
much more.
For a list of available titles, please visit our Web site at .
Financial Risk Manager
Handbook
Second Edition
Philippe Jorion
GARP
Wiley
John Wiley & Sons, Inc.
Copyrightᮊ 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 . 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§.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have
used their