1.1 FORWARDS AND FUTURES1.2 SWAPS1.3 OPTIONS1.4 DERIVATIVE PRICING1.5 THE SPOT-FORWARD RELATIONSHIP1.6 THE SPOT-FORWARD-SWAP RELATIONSHIP1.7 THE SPOT-FORWARD-OPTION RELATIONSHIP1.8 PUT-CALL PARITY: A KEY RELATIONSHIP1.9 SOURCES OF VALUE IN A HEDGE1.10 MEASURES OF OPTION RISK MANAGEMENT