GLOBAL DERIVATIVE DEBACLES<br> From Theory to Malpractice

GLOBAL DERIVATIVE DEBACLES
From Theory to Malpractice

CONTENTS


FRONT MATTER Laurent L Jacque	i
DERIVATIVES AND THE WEALTH OF NATIONS Laurent L Jacque	1
PART I: FORWARDS
SHOWA SHELL SEKIYU K.K. Laurent L Jacque	15
CITIBANK'S FOREX LOSSES Laurent L Jacque	29
BANK NEGARA MALAYSIA Laurent L Jacque	41
PART II: FUTURES
AMARANTH ADVISORS LLC Laurent L Jacque	49
METALLGESELLSCHAFT Laurent L Jacque	73
SUMITOMO Laurent L Jacque	97
PART III: OPTIONS
ALLIED LYONS Laurent L Jacque	105
ALLIED IRISH BANKS Laurent L Jacque	125
BARINGS Laurent L Jacque	143
SOCIÉTÉ GÉNÉRALE Laurent L Jacque	179
PART IV: SWAPS
PROCTER & GAMBLE Laurent L Jacque	199
GIBSON GREETING CARDS Laurent L Jacque	217
ORANGE COUNTY Laurent L Jacque	221
LONG-TERM CAPITAL MANAGEMENT Laurent L Jacque	245
AIG Laurent L Jacque	275
FROM THEORY TO MALPRACTICE: LESSONS LEARNED Laurent L Jacque	281
BACK MATTER Laurent L Jacque	297
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