“The Global Financial System has evolved over time with the development of new financial markets and financial instruments. One of such instruments includes derivatives” Required: Demonstrate your personal understanding of the above statement.                                                           Explain the perspectives and types of derivatives. Discuss some uses and criticisms of derivatives?

e) describe the expiration and exercise procedures commonly used in derivatives exchanges.  f) describe over-the-counter (OTC) derivatives trading and the risks involved in OTC trading versus exchange trading.    g) discuss the role of the clearinghouse in derivatives trading.  h) explain the concepts of initial margin, maintenance margin, and margin call.

I need help in investigating the topic of derivatives and researching the topic of financial options which are a form of financial derivative. and also explaining firstly what a derivative is, then identifying specific financial options and how they can be used to minimize risk in an organisation. 2. give real-world examples and discuss the implications of financial options for businesses and financial markets. Also give atleast 8 references relating to it.