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Derivatives

Copyright © 2009 by National Stock Exchange of India Ltd. (NSE)
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or otherwise.
1
CONTENTS
CHAPTER 1...................................................................................................................................................5
INTRODUCTION TO DERIVATIVES ..................................................................................................5
1.1 DERIVATIVES DEFINED..........................................................................................................5
1.2 FACTORS DRIVING THE GROWTH OF DERIVATIVES.................................................6
1.3 DERIVATIVE PRODUCTS........................................................................................................7
1.4 PARTICIPANTS IN THE DERIVATIVES MARKETS........................................................8
1.5 ECONOMIC FUNCTION OF THE DERIVATIVE MARKET ............................................8
1.6 EXCHANGE-TRADED VS. OTC DERIVATIVES MARKETS ........................................ 10
1.7 NSE'S DERIVATIVES MARKET ............................................................................................ 11
1.7.1 Participants and functions.................................................................................................11
1.7.2 Trading mechanism.............................................................................................................12
1.7.3 Turnover...