DEFINITION OF DERIVATIVES :
Derivative is a product whose value is derived from the value of one or more basic variables, called bases (underlying asset, index, or reference rate), in a contractual manner. The underlying asset can be equity, forex, commodity or any other asset.
According to Securities Contracts (Regulation) Act, 1956 {SC(R)A}, derivatives is
 A security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security.
 A contract which derives its value from the prices, or index of prices, of underlying securities.
Derivative is a product whose value is derived from the value of one or more basic variables, called bases (underlying asset, index, or reference rate), in a contractual manner. The underlying asset can be equity, forex, commodity or any other asset.
According to Securities Contracts (Regulation) Act, 1956 {SC(R)A}, derivatives is
 A security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security.
 A contract which derives its value from the prices, or index of prices, of underlying securities.