71.   PhileoAllied executive director Philip Koh said the company planned to use the INCPS as underlying assets for quasi-debt and quasi-warrant instruments for subscription by end-investors.

72.   Derivatives, sold by banks and securities firms, are customized securities whose values are linked to underlying assets or markets, such as stock prices or interest rates.

73.   Derivatives are securities linked to, or derived from, an underlying asset, such as stocks, interest rates or a currency.

74.   Futures allow investors to purchase a contract on an underlying asset for future delivery.

75.   Mutual fund investment performance depends on the behaviour of many different underlying assets such as stocks.

76.   The bid and offer prices are based on the value of the underlying assets of the funds under the plan and will be revalued periodically.

77.   The fund invested heavily in derivative securities, which are complicated and sometimes volatile investments linked to an underlying asset such as groups of stocks or commodities.

78.   The rating agency would then rate the underlying assets held by the SPV.

79.   The value of a derivative is derived from an underlying asset, such as a currency, stock or commodity.

80.   Tracking stocks are designed to represent the results of a unit without actually owning the underlying assets of the operation.