1

Background and Development of the Derivatives Markets

‘Derivatives have been likened to aspirin: taken as prescribed for a headache, they will make the pain go away. If you take the whole bottle at once you may kill yourself.’

Market background

Introduction

Key features

Uses of derivatives

Range of derivatives

Increasing use of the Central Counterparty Model (CCP)

Risk and benchmarking

Market volumes

Users and uses of derivatives markets

Straight Through Processing (STP)

MARKET BACKGROUND

The past few years have been interesting to say the least! We have seen banks come and go, governments step in to aid financial institutions and corporations, insurance companies being re-engineered and some of the popular banking and financial instruments ...

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