This is a practical handbook of key issues relating to investing in derivatives, both from the point of view of customers who purchase and use derivative products, and from the point of view of banks and other dealers. Among the topics discussed by leading regulators and practitioners in major markets - the United States, the United Kingdom and France - are risks from using and not using derivatives, the disclosures that dealers should make to customers, whether derivatives are securities, what disclosures should be made by users to their shareholders, suits by users against dealers, and what directors of users should know about derivatives. This handbook provides an excellent practical introduction to derivatives for company and securities lawyers, bankers and bank lawyers and corporate finance officers.