Derivatives are financial instruments that derive their value from the performance of assets, interest or currency exchange rates, or indexes. They may include structured debt obligations and deposits, swaps, futures, options, caps, floors, collars, and forwards, either singly or in various combinations.
BC = Banking Circular
See also Accounting
Risk Management of Financial Derivatives and Bank Trading Activities—Supplemental Guidance (OCC 1999-2, January 1999)
Accounting for Derivatives (OCC 1999-1, January 1999), Interim Guidance (December 1998)
Credit Derivatives—Guidelines for National Banks (OCC 1996-43, August 1996)
Risk Management of Financial Derivatives (BC 277, October 1993)