The article discusses how derivatives can be used to manage risks in investments. It covers topics like forward and futures contracts, hedging with options, and the Black-Scholes model for option pricing. The researchers explore different strategies for creating value through risk management and highlight the importance of identifying and managing cash flow exposures. They also delve into credit risks and credit derivatives, as well as the demand and supply for derivative products. Overall, the article provides insights into the practice of risk management and discusses recent and future developments in the field.