September 2005
Intermediate to advanced
272 pages
9h 8m
English
Content preview from Clearing and Settlement of Derivatives
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options markets are global and trade contracts on a wide range
of products encompassing currencies, commodities, interest rates,
shares, indices, insurance; in fact you can find derivatives on just
about anything.
We do know that this vast array of products traded today would
seem unbelievable to the farmers and merchants of the Midwest of
the United States of America who first started trading futures con-
tracts, in a form similar to today, in the mid-1800s.
What is a futures contract?
A futures contract is a legally binding agreement to buy or sell a pre-
determined amount of a defined product ...
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