Triana guides the reader through this diverse and expanding field, providing answers to the important questions affecting today's corporate derivatives landscape. With highly relevant, practical, theory-devoid coverage of many of the most critical topics covering real-life corporate use of derivatives, the book can be seen as a collection of self-contained essays each of them attempting to become an easy-to-read and information-filled reference on a particular issue. Drawing on real life examples the book guides the reader through the key areas and developments in this subject, including evolution and nature of the corporate derivatives business, product overview, 21st century developments and case studies, accounting standards and their effects on corporate hedging practices, credit derivatives applications and a weather derivatives update. Including collaborations from leading practitioners, the book offers a practically-focused alternative to other derivatives texts that concentrate on product definitions, finance theory, or quantitative methods. A reference for those seeking a thought-provoking and practical source on the corporate derivatives business, including the key applied issues currently affecting corporates across the globe, this is suitable not only for corporate treasurers and senior executives, but also for the bankers that cater to them and in general any person interested in the real world of corporate derivatives.