Financial derivatives
in The UK financial system (fifth edition)
Abstract only
Log-in for full text

You are not authenticated to view the full text of this chapter or article.

manchesterhive requires a subscription or purchase to access the full text of books or journals - to see content that you/your institution should have access to, please log in through your library system or with your personal username and password.

If you are authenticated and think you should have access to this title, please contact your librarian.

Non-subscribers can freely search the site, view abstracts/extracts and download selected front and end matter. 

Institutions can purchase access to individual titles; please contact for pricing options.


If you have an access token for this content, you can redeem this via the link below:

Redeem token

Financial Derivatives can be categorised according to the type of trade. The first is the category of exchange-traded instruments and the second refers to those instruments bought directly from a bank or other financial institution and these are called over-the-counter derivatives. This chapter examines the main derivative contracts used in financial markets. It considers the reasons for the development and growth of trading of financial derivatives over the last 30 or so years, and examines the organisation of trading at Intercontinental Exchange Futures Europe. The chapter also examines the nature of financial futures, options, swaps, forward rate agreements, contracts for difference and credit derivatives. It includes two case studies that illustrate the dangers of derivatives trading: Metalgesellschaft and Barings bank. The chapter summarises a selection of the studies that have examined the efficiency of derivatives markets.


All Time Past Year Past 30 Days
Abstract Views 57 57 12
Full Text Views 0 0 0
PDF Downloads 22 22 15