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Derivatives

Derivatives

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Published by Aditya

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Published by: Aditya on Jun 14, 2010
Copyright:Attribution Non-commercial

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05/12/2014

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DerivativesDerivatives
A derivative is a financial productthe value of which is derivedfrom the value of underlyingasset.Future contractsOption contractsSwaps
 
C
urrency Future
C
urrency Future
C
urrency future is a standardizedagreement to deliver or receive aspecified amount of specifiedcurrency at a specified price andthe date.
 
Features of future contractFeatures of future contract
It is a standardized specific sizedcontractThe quotations are quoted in directquotesThe contract has a standard maturitydateA specified last trading day
C
ollateral requirement
C
ommission payment
C
learing house as a counter partySettlement on the final date of delivery

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