An Introduction to Financial Derivatives
We shall first review briefly the most important kinds of financial contracts, traded either on exchanges or over-the-counter (OTC), between financial institutions and their clients. For a detailed account of the fundamental features of spot (i.e., cash) and futures financial markets the reader is referred, for instance, to Duffie (1989), Kolb (1991), Redhead (1996), or Hull (1997).
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