Property derivatives have been 'the next big thing' for quite some time now. In the UK, dealers have been waxing lyrical about the benefits of property derivatives for years. All it needed, they said, was for property companies and investors to become familiar with these instruments to realise their potential.

The past few years have seen countless seminars, conferences and educational courses on property derivatives - many of which, it must be said, were very well attended. However, volumes

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