Financial derivatives and structured financial products have been widely blamed for the recent economic downturn. Few understand what these instruments are used for and even fewer, how they are valued. This Continuing Legal Education (CLE/MCLE) course offers a brief overview of these instruments, how they are structured and their shortcomings.

Click here to download Chapter 1 of The Wall Street MBA by Telestrat President Reuben Advani

1. Derivative Basics
2. Options
3. Swaps
4. CDO's
5. Arbitrage
6. Cases

Reuben Advani

Former Investment Banker, Author, Professor

Reuben Advani is president of Telestrat Consulting, Inc., a financial advisory boutique which specializes in corporate valuation. Mr. Advani began his career with the Wall Street bank, Morgan Stanley & Co., Inc. where he worked in the firm’s corporate finance division. At Morgan Stanley, he performed detailed valuation analysis on acquisition targets for Fortune 500 companies and oversaw the coordination of several debt and equity issuances. After Morgan Stanley, Mr. Advani joined Sony Corporation of America where he was active in the development of Sony's online initiatives. Mr. Advani has provided consulting services to companies throughout the U.S. and Latin America and has held interim positions with several of them including CFO and COO. He is a frequent speaker on topics ranging from corporate valuation to financial reporting and is the author of The Wall Street MBA (McGraw-Hill).

Mr. Advani holds a BA from Yale University and an MBA from the Wharton School, and serves as an adjunct professor of finance at Drexel University.

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