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Lecture Financial derivatives - Lecture 32: Derivatives mishaps and what we can learn from them

This chapter presents the following content: Lessons for all users of derivatives, lessons for nonfinancial corporations, big losses by financial institutions, big losses by non-financial corporations, lessons for all users of derivatives, lessons for non-financial corporations. | Lecture # 32 Derivatives Mishaps and What We Can Learn from Them Lessons For All Users of Derivatives Define Risk Limits Take the Risk Limits Seriously Do not Assume You Can Outguess the Market Do not Underestimate the Benefits of Diversification Carry out Scenario Analyses and Stress Tests Lessons For Nonfinancial Corporations Make Sure You Fully Understand the Trades You are Doing Make Sure a Hedger Does not Become a Speculator Be Cautious About Making the Treasury Department a Profit Center | Lecture # 32 Derivatives Mishaps and What We Can Learn from Them Lessons For All Users of Derivatives Define Risk Limits Take the Risk Limits Seriously Do not Assume You Can Outguess the Market Do not Underestimate the Benefits of Diversification Carry out Scenario Analyses and Stress Tests Lessons For Nonfinancial Corporations Make Sure You Fully Understand the Trades You are Doing Make Sure a Hedger Does not Become a Speculator Be Cautious About Making the Treasury Department a Profit . | Lecture # 32 Derivatives Mishaps and What We Can Learn from Them Lessons For All Users of Derivatives Define Risk Limits Take the Risk Limits Seriously Do not Assume You Can Outguess the Market Do not Underestimate the Benefits of Diversification Carry out Scenario Analyses and Stress Tests Lessons For Nonfinancial Corporations Make Sure You Fully Understand the Trades You are Doing Make Sure a Hedger Does not Become a Speculator Be Cautious About Making the Treasury Department a Profit . | Lecture # 32 Derivatives Mishaps and What We Can Learn from Them Lessons For All Users of Derivatives Define Risk Limits Take the Risk Limits Seriously Do not Assume You Can Outguess the Market Do not Underestimate the Benefits of Diversification Carry out Scenario Analyses and Stress Tests Lessons For Nonfinancial Corporations Make Sure You Fully Understand the Trades You are Doing Make Sure a Hedger Does not Become a Speculator Be Cautious About Making the Treasury Department a Profit Center | Lecture # 32 Derivatives Mishaps and What We Can Learn from Them Lessons For All Users of Derivatives Define Risk Limits Take the Risk Limits Seriously Do not Assume You Can Outguess the Market Do not Underestimate the Benefits of Diversification Carry out Scenario Analyses and Stress Tests Lessons For Nonfinancial Corporations Make Sure You Fully Understand the Trades You are Doing Make Sure a Hedger Does not Become a Speculator Be Cautious About Making the Treasury Department a Profit Center | Lecture # 32 Derivatives Mishaps and What We Can Learn from Them Lessons For All Users of Derivatives Define Risk Limits Take the Risk Limits Seriously Do not Assume You Can Outguess the Market Do not Underestimate the Benefits of Diversification Carry out Scenario Analyses and Stress Tests Lessons For Nonfinancial Corporations Make Sure You Fully Understand the Trades You are Doing Make Sure a Hedger Does not Become a Speculator Be Cautious About Making the Treasury Department a Profit Center