Derivatives are basically financial contracts which are a way of allowing traders to hedge their bets.
Mr Jenkins replaced Bob Diamond who quit over Barclays' role in rigging the Libor rate used in trillions of pounds of financial contracts.
Libor and Euribor are used to price hundreds of trillions of pounds worth of financial contracts, including loans and mortgages to businesses and individuals.
BBC: Deutsche Bank suspends traders for alleged Libor-rigging
In March, the FSA said it was investigating allegations that Barclays had mis-sold complex financial contracts called swaps to some of its business clients.
Libor, a daily average of borrowing costs announced by a panel of London-based banks, is used to calculate payments on hundreds of trillions of dollars-worth of financial contracts.
This category excludes securities dealers and commodity contracts dealers, but includes other sellers of financial contracts and could include portfolio managers and those who provide trust, fiduciary and custody services.
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The binary option and derivatives trading site Nadex was recently turned down for regulation when it attempted to include political event contracts in its already-regulated range of markets for financial contracts.
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The core issue involves a trading strategy that industry veterans say has actually been globally commonplace: an artificial depression of next-day physical energy prices in order to increase the value of separate financial contracts.
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U.S., U.K. and other banking regulators have been investigating allegations that more than a dozen banks, including Deutsche Bank, rigged the London interbank offered rate, or Libor, and other interest rates underpinning trillions of dollars in loans and other financial contracts.
Right now, for example, the bulk of the natural gas traded in the physical market (as opposed to financial contracts traded on the New York Mercantile Exchange) is still handled by "smile and dial" phone brokers at firms such as Prebon Yamane and Amerex.
In the past four business days, three European banks have said they will stop providing data to help set the euro interbank offered rate, or Euribor, which serves as the basis for interest rates on trillions of euros in loans and other financial contracts.
But, perhaps we should also be asking why those senior officials and regulators continued to allow Libor to play such an iconic role in global financial contracts - when even the governor of the Bank of England knew quite well that they did not paint a remotely accurate picture of reality.
For example, if underlying hedge funds were to purchase financial futures contracts for speculative versus hedging purposes, which is common, pension investment restrictions may be violated.
His influence, however, is bitterly contested by his long-standing rival, Ahmed Chalabi, another secular Shia with an impressive financial base boosted by contracts from Iran and by the Pentagon.
The third such meeting in two months occurred Thursday, but South Korean authorities said little progress was made in discussions about the financial terms of operating contracts at the park.
Comcast ( CMCSA - news - people )-NBC Universal tie-up would produce a credible ESPN rival care of NBC's NFL package and Comcast's regional sports networks and Versus, most analysts aren't concerned given ESPN's brand, long-term contracts and financial wherewithal.
Last year the paper ran a feature story about Snyder suing season ticketholders for reneging on their contracts due to financial hardship.
But with contracts stating explicit financial penalties for non-compliance for both student-athletes and schools, combined with the use of local law enforcement and a collaborative preventative partnership with the NFL, there is reason to hope that these steps would surely help curtail the incidence of cheating in Division I athletics in general and college football specifically.
Fin Reg grants the government the ability to modify and even rescind financial, employment and other business contracts executed by an institution during the wind-down procedure.
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Reuters said conditions remained difficult but that it had launched a range of new financial products and won two new contracts with leading investment banks Goldman Sachs and Lehman Brothers.
Clearly, the brutal financial damage that swept the financial community due to unregulated, little-understood derivative contracts like credit default swaps is one of the most controversial issues of the financial meltdown.
Commercial contracts are redacted so that crucial financial information is not in the public domain.
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"When the government rescued AIG for the sake of the financial system, it inadvertently rescued all the contracts AIG entered into with executives, " he said.
They often utilize the same legal contracts, deal with the same financial terminology, serve the same institutional investor clients, and exit investments in the same way.
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If unions cooperate in restructuring benefits and financial plans in a way that make them sustainable for the long-term, the emergency financial manager will not have to touch their contracts.
For a variety of factors, given the global economic recovery, the increased interconnectedness and digitalization of the global financial system and the ballooning of financial markets, we could see volume of contracts increase even higher than our estimates.
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Primarily based on Eurodollars, U.S. Treasuries, swaps and other dollar-related instruments that customers can utilize to manage short, medium and long term interest rate risk, interest rate contracts are the largest class of financial products traded on CME Group.
FORBES: Rising Volume Tied To Interest Rates Is Good For CME Group
Civil servants construct their own financial model when preparing to award long-term contracts such as the West Coast Main Line franchise.
The fine and the loss of several contracts left it struggling to find the financial backing it needs to avoid going into administration.
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