派生权益是什么意思：中英文双语解读

中文版：

派生权益，也称为衍生权益，是指在基础资产或基础权益的基础上，通过特定合约或协议产生的权益。这些合约或协议可以是股票、债券、商品、外汇等金融市场上的交易工具，也可以是各种金融衍生品。派生权益的生成通常与原始资产的价格变动、利率变动、汇率变动等因素有关。

派生权益的出现，为投资者提供了更多元化的投资选择。通过购买派生权益，投资者可以间接参与到原本无法直接参与的金融市场或资产类别中，例如高风险的商品期货市场或新兴市场。同时，派生权益也提供了风险对冲和资产保值的功能。投资者可以通过购买与原始资产反向变动的派生权益，来降低投资组合的系统风险。

然而，派生权益也存在一定的风险。由于其价格受多种因素影响，包括基础资产价格、市场利率、汇率、甚至政治经济事件等，因此派生权益的价格波动性通常较大。此外，派生权益的交易往往涉及复杂的合约条款和法律关系，需要投资者具备较高的专业知识和风险意识。

英文版：

What Does Derivative Equity Mean?

Derivative equity, also known as derivative entitlement, refers to the entitlement arising from specific contracts or agreements based on underlying assets or entitlements. These contracts or agreements can be trading instruments in financial markets such as stocks, bonds, commodities, foreign exchange, or various financial derivatives. The generation of derivative entitlement is usually related to factors such as changes in the price of the underlying asset, interest rate fluctuations, and exchange rate fluctuations.

The emergence of derivative entitlement has provided investors with more diversified investment options. By purchasing derivative entitlement, investors can indirectly participate in financial markets or asset classes that they cannot directly access, such as high-risk commodity futures markets or emerging markets. At the same time, derivative entitlement also offers risk hedging and asset preservation functions. Investors can reduce the systematic risk of their investment portfolio by purchasing derivative entitlement that moves inversely to the underlying asset.

However, derivative entitlement also poses certain risks. Due to its price being influenced by various factors, including the price of the underlying asset, market interest rates, exchange rates, and even political and economic events, the price volatility of derivative entitlement is usually high. Additionally, the trading of derivative entitlement often involves complex contract terms and legal relationships, requiring investors to possess a high level of expertise and risk awareness.