3.23 DERIVATIVES Flashcards
1
Q
What is NUNS, as it pertains to derivatives?
A
NUNS: the three characteristics that describe a derivative
- N: No net investment
- UN: Underlying and a Notional amount
- S: net Settlement
2
Q
What are the 4 common types of derivatives?
A
- Options
- Forwards
- Futures
- Swaps
