What is derivative and what is Reconciliation

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A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or entity. Reconciliation is the process of comparing two sets of records to ensure they are in agreement.

Derivative is a financial instrument that derives its value from an underlying asset, such as stocks, bonds, commodities, currencies, or interest rates.
There are various types of derivatives, including options, futures, forwards, and swaps.
Reconciliation involves comparing financial records, transactions, or statements to ensure they match and are accurate.
It is commonly used in accounting, banking, and finance to identify discrepancies and errors.
For example, in banking, reconciliation is done to match the transactions in a bank statement with the transactions recorded in the bank's books.

What is derivative and what is Reconciliation

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