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Principles of Financial Derivatives: U.S. and International Taxation provides the attorney or business manager with a comprehensive analysis of the tax law issues relating to financial derivatives. It explains what financial derivatives are, how they work, how they are priced, and how they are used to hedge financial risk.p>This work offers a comprehensive discussion of financial derivatives and the applicable U.S. laws and regulations, and the U.S. federal income taxation of derivatives. In addition, because many financial derivative transactions are "cross-border," this work includes chapters addressing the taxation of derivatives outside of the U.S. Financial products analyzed (and their regulation) include: futures, options, swaps, caps, straddles, and floors; hybrid and synthetic securities; asset-backed securities; and money market funds. Other topics include OTC derivatives markets, private investment funds, wash sales, mark-to-market rules, and business hedging.