Lecture Financial markets and institutions: Chapter 10 - Anthony Saunders, Marcia Millon Cornett
Lecture Financial markets and institutions: Chapter 10 - Anthony Saunders, Marcia Millon Cornett
Chapter 10 - Derivative securities markets. In this chapter, we introduced the major derivative securities and the markets in which they trade. Derivative securities (forwards, futures, options, and swaps) are securities whose value depends on the value of an underlying asset but whose payoff is not guaranteed with cash flows from these assets.