Discuss types, importance, typical users, usage as a risk management tool, pricing, effects of regulations, as well as disclosure requirements of the instrument as required by the Securities Exchange Commission.

In your paper you will need to discuss types, importance, typical users, usage as a risk management tool, pricing, effects of regulations, as well as disclosure requirements of the instrument as required by the Securities Exchange Commission. In addition, using theories covered in the course, apply financial engineering to the selected derivative instrument and other securities. In other words, create new financial product(s) from your selected instrument and others as applicable.