DERIVATIVE

Derivatives are contracts whose price "derives" from another price of a financial security, commodity or probability. They are bilateral contracts where the buyer receives the underlying asset at expiration from the seller, or earns (pays) the difference in prices. They are futures options, swap and forward. They can be exchange-traded (stock exchange) or Over The Counter.
Bibliography
Hull J. (2008) Options, futures and other derivatives, Prentice Hall.
Oldani C. (2008) Governing Global Derivatives, Ashgate, London.
Editor: Chiara OLDANI
© 2010 ASSONEBB