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Publisher's Summary

Learn about derivatives with iMinds Money's insightful fast-knowledge series. In economics, a derivative is defined as a financial instrument or an “agreement” between two parties that is based on an “underlying” and generally tangible asset, such as a stock or a commodity.

For example, during the process of purchase there is a financial exchange for what is essentially a material benefit or instrument. Therefore, a derivative merely “derives” its value from this underlying asset which is of true material value. Financial investors use derivatives as a means of leverage in what is known as the derivative market. An example of a common form of derivative is that of a customer who walks into a store and purchases a cigar in exchange for money. In this case, the exchange is complete and both parties hold tangible items.

However, if the customer had phoned the dealer in advance, requesting the cigar be held for two hours until he/ she arrived and the retailer agrees, then a derivative is created. The agreement is simply derived from a proposed exchange, that they will trade money for cigar in two hours, not now.

iMinds will hone your financial knowledge with its insightful series looking at topics related to Money, Investment and Finance... whether an amateur or specialist in the field, iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind.iMinds unique fast-learning modules as seen in the Financial Times, Wired, Vogue, Robb Report, Sky News, LA Times, Mashable and many others... the future of general knowledge acquisition.

©2010 iMinds Pty Ltd (P)2010 iMinds Pty Ltd

Critic Reviews

"I'm learning all sorts of stuff about stuff I didn't even know I didn't know. And it sticks. In a nutshell: wonderful." (Jonathon Margolis, Financial Times)

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well presented

If you are not aware of the topic already, it'd be hard to follow, although it is well-presented.

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  • O'Brian
  • 01-06-16

Good overview

There is a lot more to Derivatives than what has been provided in this audiobook, however it gives a very good overview of it all. Great listen.