Subject The article investigates the economic relations arising from transactions with derivatives traded in the international and national financial markets. Objectives The purpose is to analyze the use of various derivative financial instruments internationally and identify new trends in their development, as well as to determine the scope and prospects for their application by various economic entities in Russia. Methods To substantiate our conclusions, we applied the dialectical method of economic phenomena cognition, methods of scientific abstraction, analysis, synthesis, grouping and comparison, and the graphical method to analyze financial information. Results The article shows advantages of over-the-counter derivative contracts as compared to exchange-traded derivatives in general and in the context of financial centers, defines problems and prospects for the Russian financial derivatives market, and the needs of its participants at the present stage. Conclusions We substantiate the need for organization of the national derivatives trading platform. It will contribute to expanding their use in international settlements and reducing the economic risks of domestic participants of foreign economic activity. The paper systematizes spheres of derivatives' use for various business segments in Russia. This enables to identify potential risks and determine opportunities for their application.
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