An EXCHANGE TRADED DERIVATIVE or OVER THE COUNTER DERIVATIVE with an UNDERLYING reference based on nonfinancial COMMODITIES including chemicals, energy, base and precious metals , livestock, GRAINS, and SOFTS. A commodity derivative can be structured as a COMMODITY FUTURE , commodity FORWARD, commodity OPTION , or COMMODITY SWAP See also CREDIT DERIVATIVE , CURRENCY DERIVATIVE , EQUITY DERIVATIVE , INTEREST RATE DERIVATIVE .
Black’s Law Online Dictionary
