We are pleased to bring the revised edition for you. Each time after the first edition was published; we received many helpful suggestions from academics, students and practitioners regarding ways in which we could make fundamentals better. In response, we have made a number of changes that we believe substantially enhance Fundamentals terms of our goals of particularly, ease of comprehension, and flexibility. We are indebted to the academics, students and practitioners for their excellent and useful suggestions to bring the revised edition of this book. In this edition, materials have been updated and improved throughout the book. The new topics are covered so as to make the book compatible to BBA, MBA and EMBA courses. We have brought together our experience in teaching finance and derivatives. We chose to start by establishing a basic set of principles to guide our development of Fundamentals of Financial Derivatives and Risk Management. We believe you will see the improvements to this new revised edition.
In recent years there has been considerable growth in futures markets in Nepal. These markets are used by individuals and institutions to meet a variety of objectives. With these instruments, firms and portfolio managers can hedge particular kinds of risk or alter the distribution of the returns on their portfolios in certain ways. This book will also be useful to those who involve in futures markets.