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  • 12-11-2003 7:07pm
    #1
    chump
    Closed Accounts Posts: 3,807 ✭✭✭


    What are:

    futures?
    securities?
    derivitives?

    I'm not completely sure...


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    #2
    Victor
    Registered Users Posts: 78,421 ✭✭✭✭Victor


    Originally posted by chump
    futures?
    Futures are contracts where you decide a price now for the delivery of a product in the future. For example, as (heavy) oil is in highest demand in winter, you might buy ahead in the summer, but you won't get the summer price - you will get the winter price.
    Originally posted by chump
    securities?
    Largely anything that has a real asset behind it. For example the ESB did a sale and lease back-type financing deal to improve their cashflow in the 1990s which saw bonds being raised with Moneypoint Power Station as the secutity. Others would be state loans and the like. Usually there it ahs to ahve a ready market.
    Originally posted by chump
    derivitives?
    Complex financial instruments, which for example track a certain commodity or stock exchange, not for us plebs.

    Look up better definitions on www.dictionary.com


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