instruments derived from existing instruments in the cash market. Comprising a whole range of futures, options and swaps traded on futures/options exchanges and over the counter. These instruments, often used within a portfolio of holdings, allow investors to hedge. They are often complex and therefore customized, in the case of OTC (over the counter) transactions, for the individual investor. Have become increasingly popular due to their off-balance-sheet (q.v.) status., a financial instrument that is valued according to the expected price movements of an underlying asset, which may be a commodity, a currency, or a security, optsioon, futuur, forward või muu tehing vara ostuks või müügiks tulevikus kindlaksmääratud tähtajal ja kindlaksmääratud hinnaga, välja arvatud käesoleva punkti alapunktis 1 ja 2 nimetatud tehing (repo- või pöördrepotehing)