Nature of the information
This site provides general information for learning how derivatives work and how they are handled in business and regulation. It is not a solicitation to invest or investment advice, and it is not legal, tax or accounting advice.
The site does not recommend any particular product, transaction, financial institution or firm. Any decision to trade, or any other decision, is your own responsibility. When you need a judgment that applies to your own situation, consult a qualified professional such as a lawyer, tax adviser or certified public accountant.
Accuracy and last reviewed dates
We work to keep the content accurate, but it may contain errors. Content may also become out of date when laws, standards or systems change.
Each page shows the date on which its content was last checked against its sources (the last reviewed date). Regulatory pages are reviewed every six months or every year, depending on the area. If you notice an error or outdated information, please let us know through the Contact page.
Use of AI
Much of the content on this site is written with AI (Claude, by Anthropic). A separate AI session checks the content against its sources, and the site operator reads a sample of pages. The production process is described on the About Us page.
Simulators
The simulators use simplified calculations for learning how products work. They cannot be used for valuing, executing or managing the risk of actual transactions.
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External sites and materials
This site links to external sites, for example as sources. The content of each linked site is provided by its operator. When we quote the wording of a source, we mark it as a quotation and show where it comes from.
Trademarks
The names of companies, organizations, products, benchmarks and other items mentioned on this site are trademarks or registered trademarks of their respective owners. This site is not affiliated with or endorsed by these companies or organizations.
Liability
The site operator is not liable for any loss arising from the use of the information or simulators on this site.
Changes
This disclaimer may be changed without notice. When it changes, the last updated date on this page is updated.