derivatsioonilised

Derivatsioonilised, often translated as "derivatives" in English, refers to financial contracts whose value is derived from an underlying asset or group of assets. These underlying assets can include stocks, bonds, commodities, currencies, interest rates, and market indexes. Derivatsioonilised instruments do not have intrinsic value in themselves; their worth is determined by the fluctuations in the price of the underlying asset.

The primary purpose of derivatsioonilised is to manage risk, speculate on future price movements, or arbitrage opportunities. Common types of derivatsioonilised include futures contracts, options contracts, swaps, and forward contracts. Futures and forwards are agreements to buy or sell an asset at a predetermined price on a specific future date. Options give the buyer the right, but not the obligation, to buy or sell an asset at a specified price within a certain timeframe. Swaps involve the exchange of cash flows between two parties based on different underlying financial instruments.

Derivatsioonilised can be traded on exchanges or over-the-counter (OTC). Exchange-traded derivatives are standardized and cleared through a central clearinghouse, which reduces counterparty risk. OTC derivatives are customized and negotiated directly between two parties, offering greater flexibility but also carrying higher counterparty risk. While derivatsioonilised can be powerful tools for financial management, they also carry significant risks due to leverage and potential for large losses if market movements are unfavorable. Their complexity requires a thorough understanding of the underlying markets and the specific derivative instrument being used.