The book examines derivative financial products and their practical applications based on their use as tools for hedging financial risks (both traditional and market-related).

After a brief presentation of developments in the global and European financial space, the author presents and analyzes, using numerous examples, all categories of derivatives. He discusses options, futures contracts, forward contracts, specialized derivatives (caps, floors, collars, FRAs, warrants, stock repos), as well as credit derivatives.

Additionally, topics related to the understanding of derivatives are examined, such as forward currency rates, forward interest rates, and short selling. Particularly important is the analysis of the use of derivatives as investment tools with high leverage and returns, as well as the highlighting of their role in shaping modern investment products, such as capital guarantee products.

Importantly, the knowledge provided for recognizing derivatives based on the needs created by International Accounting Standards is significant. It serves as a practical tool for those employed in the financial sector (banks, brokerage firms, investment companies, etc.) who wish to gain immediate, comprehensive, and functional knowledge of these products. It is also directed at executives from both the private and public sectors, as well as investors. Finally, it constitutes a useful aid for students and learners of related courses.