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Underlying asset - 기초자산
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선물, 선도, 옵션계약 등 파생상품에서 거래대상이 되는 상품 (대상자산)
Underlying assets are assets that derivatives are based on and derive their value. These assets can be stocks, commodities, indexes, currencies, etc. The price of the derivative is correlated to the price of the underlying asset, whether that be directly correlated (e.g. call option) or inversely correlated (e.g. put option).