I the concept of derivative financial assets
Derivatives are also called financial derivatives. Financial derivatives, also known as "financial derivatives", is a concept corresponding to basic financial products, which refers to derivative financial products whose prices change with the price (or value) of basic financial products. The basic product mentioned here is a relative concept, including not only spot financial products (such as bonds, stocks, bank time deposits, etc.). ), including financial derivatives. As the basis of financial derivatives, variables include interest rate, exchange rate, various price indexes, inflation rate and even weather (temperature) index.
Two, financial derivatives can be classified according to the types of basic instruments, risk-return characteristics and their own trading methods.
1. According to product classification, financial derivatives can be divided into independent derivatives and embedded derivatives.
2. According to the classification of trading places, financial derivatives can be divided into OTC derivatives and OTC derivatives.
3. According to the classification of basic instruments, financial derivatives can be divided into equity derivatives, currency derivatives, interest rate derivatives, credit derivatives and other derivatives.
4. Financial derivatives can be divided into financial forward contracts, financial futures, financial options, financial swaps and structured financial derivatives according to their own trading methods and characteristics.
Third, in reality, derivatives are usually classified in two ways.
1. According to product types, financial derivatives can be divided into forward, futures, options and swaps.
2. According to the nature of the original assets of derivatives, financial derivatives can be divided into stocks, interest rates, exchange rates and commodities.