The textbook outlines all the semantic elements of the derivatives market. The main derivative structures (forward, futures, option, swap), derivatives forms — derivatives contracts and securities with an embedded derivative, simple and complex derivatives transactions, transaction documentation, conclusion of master agreements, use of liquidation netting are considered. The features of the main groups of derivatives (commodity, currency, interest, credit, stock) and the problem of conscientiousness of participants in the market are revealed. All known litigations due to derivatives both in Russia and abroad are analyzed in detail.
The textbook remains relevant despite the changes in the financial market in 2022: many Russian companies have hedging transactions concluded earlier, and due to serious economic shocks, market participants will have to revise the terms of such transactions.
For students, graduate students and teachers of law schools, practitioners in the field of financial markets, as well as for all those interested in this subject.