Off Campus Access
All users may search our online catalog. Additional subscription-based resources are available to current students, faculty and staff from off-campus. You must have an existing St. John's account. If you click on one of these links and you are asked for a username and password, enter the same username and password you use to access St. John's Central. Davis library members may access most subscription-based resources on site.
Search The Davis Library Catalog
"Derivative: A financial instrument whose value depends, at least in part, on the value of a related asset or liability/ In essence, its value is “derived” from the values of some underlying asset such as a commodity or stock. For example, if an individual or business owns an option to purchase 1,000 shares of a particular stock at a set price, the value of the option will increase as the value of the stock increases. Risk managers and financial officers often deal in derivatives as a technique for managing their business risks.
Glossary of Insurance and Risk Management Terms, 8th ed. (Dallas, TX: International Risk Management Institute, Inc., 2001), 61.
"Derivative contract : A financial contract that specifies the terms of a future transaction (or set of transactions) in some underlying asset. The term, "derivative," arises because of the value of this contract is "derived" from the underlying asset price."
Robert E. Whaley. Derivatives: Markets, Valuation, and Risk Management, (New York: John Wiley & Sons, 2006), 875.
SJU - Manhattan Campus
101 Astor Pl.
New York, NY 10003
ph (212) 277 - 5136
fx (212) 277 - 5140