Underlying contract means the the contract that the derivatives

The typical example : stock is underlying contract , the stock option is derivative contract . 

 

Or : bond is underlying contract , fixed income swap is its corresponding derivative contract. 

所有跟帖： 

• 大谢。晚上可以睡个好觉了。因为我要理解透这些CONCEPTS，然后才能计算DELTA FOR COMPLEX CONTRACT的 -glueck- ♀ (0 bytes) () 08/01/2016 postreply 20:31:10

• No problem -ppp6- ♀ (0 bytes) () 08/01/2016 postreply 20:42:41

• 这个delta的计算是为了determine 是否要subject to withholding tax. -glueck- ♀ (0 bytes) () 08/01/2016 postreply 20:46:27

• 有意思。withholding tax 不和status 关联吗？看来你又进入新领域了。不错！ -julie116- ♀ (0 bytes) () 08/01/2016 postreply 21:04:35