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| Definition Of: |
derivative
A financial contract, the value of which depends on the value of one or more underlying reference assets, rates or indices. The basic classes of derivatives are futures contracts, options, swaps and forward rate agreements.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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European Central Bank Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 A: Page 1 of 2.
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