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Primer on Pricing Risky Securities
| Content Provider | Scilit |
|---|---|
| Author | Campolieti, Giuseppe Makarov, Roman N. |
| Copyright Year | 2018 |
| Description | Let us start with a basic classification of financial instruments. First, we differentiate between underlying assets (or securities) and derivative financial contracts. A financial security is a legal claim to some future benefit. Bonds, bank deposits, common stocks, and the like are all examples of financial securities. In contrast, a general financial contract links nominally two (or more) parties. Such a contract specifies conditions under which payments or payoffs are to be made between the parties. The main example is derivative contracts whose payoff depends on the value of another financial variable such as price of a stock, price of a bond, market index, or exchange rate called underlying assets. Examples include forward contracts, futures, swaps, and options. Book Name: Financial Mathematics |
| Related Links | https://content.taylorfrancis.com/books/download?dac=C2011-0-08796-5&isbn=9781315373768&doi=10.1201/9781315373768-2&format=pdf |
| Ending Page | 82 |
| Page Count | 36 |
| Starting Page | 47 |
| DOI | 10.1201/9781315373768-2 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2018-10-24 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Financial Mathematics Economics Parties Payoffs Payments Differentiate Underlying Assets Specifies |
| Content Type | Text |
| Resource Type | Chapter |
