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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (225)	9/27/1998 5:25:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 2794

Michael, you have a much broader definition of derivatives than I do. To me a convertible is primarily a bond with an embedded option. Just because something has an option component doesn't make it a derivative in its own right. Henry

To: Knighty Tin who wrote (225)	9/28/1998 12:26:00 AM
From: IngotWeTrust	Read Replies (3) \| Respond to of 2794

Michael sez: Convertible bonds are the original derivative. Au contrairè, my esteemed cyberposter, au contrairè!! I submit the original US financial derivative was & remains a paycheck in lieu of currency and coinage.... In fact, if someone is to apply the purest definition of a derivation, one probably has to go back to the derivation for money when exchanging fresh eggs for pioneer medical help when the doctor required/requested needed cash, ala Dr.Quinn, medicine woman. ....or maybe it was when the first piece of papyrus was scribbled on w/a glowing charcoal brand fresh from an ancient Egyptian campfire, a scribbled I.O.U. and given in exchange for some good or service, or gambling debt... O/49r