Financial Derivatives UCLA Department of 金融衍生品 UCLA系.pptVIP

Financial Derivatives Robert M. Hayes 2002 Overview Definition of Financial Derivatives Common Financial Derivatives Why Have Derivatives? The Risks Leveraging Trading of Derivatives Derivatives on the Internet An Apologia for Derivatives The Dark Side of Derivatives Definition of Financial Derivatives A financial derivative is a contract between two (or more) parties where payment is based on (i.e., derived from) some agreed-upon benchmark. Since a financial derivative can be created by means of a mutual agreement, the types of derivative products are limited only by imagination and so