Publisher's Synopsis
Excerpt from Derivative Financial Markets, Vol. 2: Hearing Before the Subcommittee on Telecommunications and Finance of the Committee on Energy and Commerce, House of Representatives, One Hundred Third Congress, Second Session, July 13, 1994
Derivatives perform a very necessary service to both corporations (end-users) and broker/dealers. Unlike cash instruments, derivatives can be fined tuned to meet the specific investment goals of the end-users This in turn provides the investor with the most cost effective and risk adverse vehicle whether it be for the purpose of risk management, funding or pure speculation.
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