To Lieutenant Lane's memorial on The Virtual Wall. Lieutenant Drazba and Lieutenant Jones were assigned to the 3rd Field Hospital in Saigon. They died in a helicopter crash near Saigon, February 18, 1966. Drazba was from Dunmore, PA., Jones from Allendale, SC.
DEFINITION of 'Exchange Traded Derivative'. A financial instrument whose value is based on the value of another asset, and that trades on a regulated exchange.
From the economic point of view, financial derivatives are cash flows, that are conditionally stochastically and discounted to present value. The market risk inherent in the underlying asset is attached to the financial derivative through contractual agreements and hence can be traded separately.The underlying asset does not have to be acquired. Derivatives therefore allow the breakup of ownership and participation in the market value of an asset. Credit derivative products can take many forms, such as credit default swaps, credit linked notes and total return swaps. 2  Derivative: A financial contract whose value is derived from the performance of assets, interest rates, currency exchange rates, or indexes.