What are some examples of derivatives in finance?
An example of an AI chatbot conversation about derivatives in finance.
What are some examples of derivatives in finance?
Derivatives are financial instruments whose value is derived from an underlying asset. Common examples include options, futures, and swaps.
Can you explain how options work?
Sure! Options give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price before a certain date.
What about futures contracts?
Futures contracts are agreements to buy or sell an asset at a future date for a price agreed upon today. They are often used for hedging.
How do swaps function in finance?
Swaps are contracts in which two parties exchange cash flows or liabilities from different financial instruments, often used to manage risk.
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