DERIVATIVES - COMPANION FILES
julianrsterling.com/hedge

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's four workbooks, corrected
   The_Cost_of_the_Hedge.xlsx         Chapters 1 to 3, 9 and 10
   The_Rolling_Programme.xlsx         Chapters 4, 5 and 8
   The_Collar_Year_by_Year.xlsx       Chapters 6 and 7
   The_Collateral_Ledger.xlsx         Chapters 11 to 17
   00_START_HERE.md                   what changed is at the end
   Each workbook closes on a Checks sheet: 175 checks in all, every one PASS.

2. Blank_Model_Set/  (new)
   The four workbooks with the 47 inputs of their shared Inputs sheet
   emptied, for your own programme. Each Checks sheet counts what is still
   missing and tests what holds for any inputs. The book's figures are in
   book_inputs.txt: type them back in and the book's results come back.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: the seven questions for somebody else's
   proposal, the cost line relabelled, the swap report, the rolling
   programme one row a year, three policies on one page, the collar term
   sheet interrogated, the accounting memo and the derivative note, the
   valuation note and the collateral annex, the cash table, the settlement
   convention and the facility, the counterparty list as a liquidity
   document, the symmetric stress pack, and the fact pattern with the
   running order. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_The_Path_The_Reservation_Needed.xlsx    Chapters 4, 5 and 17
   Case_2_The_Tenor_Limit.xlsx                    Chapters 16 and 17
   Case_3_The_Collar_Locked.xlsx                  Chapters 7, 8 and 17
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
