金融衍生工具的中文解释

金融衍生工具由现货市场的标的资产(underlying cash assets)衍生出来，标的资产的交易方式如同股票或其他金融工具。 诸如期货、期权以及互换等衍生工具的价格及走势很大程度上受标的资产的表现影响。 但事实上，金融衍生工具常常反过来推动现货市场的走势，某些期货和期权的成交量较现货市场还要活跃。金融衍生工具可以在证券交易所挂牌买卖，亦可通过场外交易(OTC)的方式买卖。

Derivatives的英文解释

Derivatives instruments are derived from underlying cash assets that can be bought, sold and traded in a similar way to shares or any other financial instrument. The pricing and performance of derivatives such as futures, options and swaps is largely based on the underlying asset. In practice, derivatives often drive the underlying market and the volume traded in certain futures and options contacts can outstrip the underlying cash market. Derivatives can be traded on an investment exchange, or directly by telephone or computer in an over-the-counter (OTC) market.

• financial [fi´nænʃəl]   a.金融的，财政的   (初中英语单词)
• instrument [´instrumənt]   n.仪器；手段；乐器   (初中英语单词)
• performance [pə´fɔ:məns]   n.履行；行为；工作   (初中英语单词)
• volume [´vɔlju:m, ´vɑljəm]   n.卷；书籍；体积；容量   (初中英语单词)
• investment [in´vestmənt]   n.投资；(时间等)投入   (初中英语单词)
• computer [kəm´pju:tə]   n.计算机；电子计算器   (初中英语单词)
• underlying [,ʌndə´laiiŋ]   a.基础的；下层的   (英语六级单词)