1, stock derivatives
Based on stocks and stock indexes, such as stock futures, stock options, stock index futures, stock index options and mixed trading contracts.
2. Currency derivatives
Currency-based instruments, such as forward foreign exchange contracts, currency futures, currency options, currency swaps and mixed trading contracts.
3. Interest rate derivatives
Based on interest rates or interest rate carriers, such as forward interest rate agreements, interest rate futures, interest rate options, interest rate swaps and mixed trading contracts.
4. Credit derivatives
Derivatives of credit risk or default risk based on basic products, such as credit swaps and credit-related notes.
5. Other derivatives
Derivatives developed on the basis of non-financial variables, such as weather futures, political futures and catastrophe derivatives.
The transaction mode and characteristic classification of financial derivatives
1, financial forward contract
It refers to a contract in which both parties buy and sell a certain basic financial asset at an agreed price on an agreed future date through an agreement in the OTC market, such as a forward interest rate agreement, a forward foreign exchange contract, a forward stock contract, etc.
2. Financial futures
It refers to the trading of standardized financial futures contracts conducted by both parties through open bidding, mainly including currency futures, interest rate futures, stock futures and stock index futures. New varieties such as real estate price index futures and inflation index futures.
3. Financial options
A contract in which the buyer pays the option fee to the seller and enjoys the right to buy and sell financial instruments to the seller at a predetermined price within the agreed date, including spot options and futures options. In addition to standardized options and warrants, OTC options are called exotic options.
4. Financial swap
Financial transactions in which two or more parties regularly exchange cash flows within the agreed time according to the agreed terms are divided into currency swap, interest rate swap, equity swap and credit default swap.
5. Structured financial derivatives
The first four "building blocks" are used to combine into institutionalized products, such as various structured bills traded in stock exchanges and wealth management products linked to different basic assets launched by commercial banks.