Customized, privately negotiated contract that is traded directly between counterparties
Centralised trading products
Standardised products
Without any credit risk
Standardised features
Greater transperancy
Settlement months specified
All the options
Credit risk borne by the exchange
Interest rate derivatives
Credit derivatives
Equity derivative
True
False
True
False
CDS
Credit Spread options
Index Futures
Equity options
Hedging risk
Leveraging effect
Speculation
Arbitrage
Delivery