Market participants often view derivatives and the "underlying" assets they reference almost interchangeably.
As such, investors are well-advised to view derivatives not just in isolation, but against the broader backdrop of the fund's entire portfolio.
This is sort of like alcohol and Oxycontin at the same time – what prompted our sagacious pal Warren Buffett to comment "I view derivatives as time bombs, both for the parties that deal in them and the economic system". in the Berkshire Hathaway (NYSE BRK.A) annual report for 2002!
Game Genie users, in contrast, are not invited to view derivative works based on Nintendo's copyrighted works without first paying for that privilege.
All new policies may be viewed as "derivatives" of LPR because they share some key features: simplicity and revenue neutrality.
The cholas that accompanied Fergie in some of her music videos were viewed as derivatives of the Harajuku Girls and Stefani's "Luxurious" music video.
What we know for a fact is that there are many solo toxins and antitoxins, and these can be reasonably viewed as derivatives of TAS that were exapted for other functions.
In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
Additionally, derivatives executed on UK exchanges could be viewed as "OTC derivatives" under EMIR and would therefore be counted towards the clearing thresholds under EMIR.
