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HMRC internal manual

Corporate Finance Manual

From
HM Revenue & Customs
Updated
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Understanding corporate finance: derivative contracts: overview

Contents

This section of the Corporate Finance Manual explains the commercial background to the use of derivatives.

CFM13020 onwards explains what a derivative is, the concept of underlying assets, how derivative contracts are settled and the sort of contracts and documentation they use.

CFM13110 onwards explains the main types of derivative contract (forwards, futures, swaps and options, and ‘exotics’).

CFM13270onwards explains how derivatives are used to manage, or ‘hedge’, risk.