1. Price risk or market risk refers to the risk of financial derivatives arising from drastic price changes.

2. Credit risk or default risk refers to the loss that one party of financial derivative transactions will cause to the other party when it fails to perform the contract.

3. Off-balance-sheet risk refers to the risk that is not reflected in the balance sheet due to the change of the real asset-liability relationship of off-balance-sheet business.

4. Liquidity risk, including market liquidity risk and capital liquidity risk. The former means that when the market depth is not enough or the market shock fails, the market business volume is insufficient or the market price cannot be obtained, and the derivatives users cannot close or reverse their positions and face the risk of being unable to close their positions. The latter refers to the risk that the users of derivatives transactions are not mobile enough, and they cannot fulfill their payment obligations or add margin as required by the contract when the contract expires.