Errata

Chapter 9. Due to a printing error, approximately the first 500 books were missing page 162. This probably affects books bought before September 2014. A pdf of the correct page 162 is attached here. Wiley customer services will also replace any of these books with proof of purchase but without the need to send back the old one.

p. 100 In the equation for net initial margin it should be (0.4 + 0.6 * NGR) * Gross initial margin. The calculation example that follows should give 2.46 and not 2.1