Abstract
Derivative is a general term for contracts that have their price based on the properties of an underlying asset. In particular, options are a standardized type of derivatives that give the right to buy or sell the underlying asset at a particular price. Unlike options, however, general derivatives include a large number of non-standard features that allow them to be created even for illiquid assets such as corporate credit risk or real estate mortgages.
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© 2016 Carlos Oliveira
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Oliveira, C. (2016). Financial Derivatives. In: Options and Derivatives Programming in C++. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-1814-3_2
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DOI: https://doi.org/10.1007/978-1-4842-1814-3_2
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Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4842-1813-6
Online ISBN: 978-1-4842-1814-3
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