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In the field of financial risk management, the‘sell side’ is the set of financial institutionswho offer risk management products tocorporations, governments, and institutionalinvestors, who comprise the ‘buy side’. Thesell side is often at a significant advantage asit employs quantitative experts who providespecialized knowledge. Further, the existingbody of knowledge on risk management,while extensive, is highly technical andmathematical and is directed to the sell side.This book levels the playing field byapproaching risk management from the buyside instead, focusing on educating corporateand institutional users of risk managementproducts on the essential knowledge theyneed to be an intelligent buyer. Rather thanteach financial engineering, this volumecovers the principles that the buy side shouldknow to enable it to ask the right questionsand avoid being misled by the complexityoften presented by the sell side.Written in a user-friendly manner, thistextbook is ideal for graduate and advancedundergraduate classes in finance and riskmanagement, MBA students specializingin finance, and corporate and institutionalinvestors. The text is accompanied byextensive supporting material includingexhibits, end-of-chapter questions andproblems, solutions, and PowerPoint slidesfor lecturers.