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- W2501017091 endingPage "85" @default.
- W2501017091 startingPage "76" @default.
- W2501017091 abstract "Abstract This chapter traces the origins of the use of derivatives to the era of Mesopotamian farmers and compares it to similar transactions widely used by businesses today. Mesopotamian farmers routinely sold the following year's grain harvest due for delivery at the time of harvesting at a ‘future’ price, agreed today. The actual future price went up and down according to the market. Today, for a fee, an agreement is made to engage, at some point in the future, in a trade at a fixed price. The fee is the price of the so-called derivative contract that clearly should depend in some way on the price of the underlying asset. All businesses seek to reduce uncertainty in the financial state of their businesses by trying to fix the price of the underlying commodity. As a result, they are all natural buyers and sellers of derivative contracts." @default.
- W2501017091 created "2016-08-23" @default.
- W2501017091 creator A5023359121 @default.
- W2501017091 creator A5084496181 @default.
- W2501017091 creator A5086414159 @default.
- W2501017091 date "2013-09-01" @default.
- W2501017091 modified "2023-09-26" @default.
- W2501017091 title "8 Derivatives and options" @default.
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