a financial instrument whose characteristics and value are based on the characteristics and value of another undelying financial instrument or product. A general term for futures, options and warrants.
[...] (b) if it is an off-exchange future, it will be included at the net value of closing out in accordance with a valuation method agreed between the ACD and the Depositary; (c) if the property is an off-exchange derivative, it will be included at a valuation method agreed between the ACD and Depositary; [...]