Tài chính doanh nghiệp - Chapter ten: Derivative securities markets

A derivative security is an agreement between two parties to exchange a standard quantity of an asset at a predetermined price at a specific date in the future Derivative securities markets are the markets in which derivative securities trade Derivatives involve the buying and selling (i.e., the transfer of) risk, which results in a positive impact on the economic system Derivatives are used for hedging and for speculation