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This product is aimed at clients who are looking to cover or speculate on a specific underlying asset. So far in the Colombian market there are only operating derivatives on the futures of, TRM, Ecopetrol, Preferencial Bancolombia, Pacific Rubiales, Colcap, TES, IBR and IPC. The price of derivatives, depend on or are derived from the behavior of the underlying asset. A derivative is an agreement for the purchase or sale of the asset, at a specified future date and at a set price.