Daniel Sabba
Director I Key Client Partners
Deutsche Bait Securities Inc
Deutsche Asset 8, Wealth Management
345 Park Avenue. 26th Floor
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Derivatives are financial transactions based upon one or more predetermined market factors where periodic payments (or
a one-time lump-sum payment) are made by each of the parties to the transaction based upon the value of the market
factor or factors. The amount of the payment(s) will either be set at a fixed amount or fluctuate as the value of the
underlying market factor fluctuates. The underlying market factors are items or variables which are subject to market
fluctuations; for example, interest rates, currency exchange rates, assets, stock prices, stock index levels, commodities or
a combination of one or more of these factors. Derivatives are normally used either as a hedging device or as an
investment vehicle. Over-the-counter (OTC) derivative transactions involve numerous risks including, among others,
market, counterparty default and illiquidity risk. In certain transactions, you could lose your entire investment or incur
unlimited loss.
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