Please answer the following questions and all its parts(max 4 parts according to chegg). Failure to do so will result in negative rating. Try answering on a piece of paper if possible and scan it please and i will give good rating. Thanks!

Finants 2017 c.) Describe the 4 main participants in the derivatives market (1) Explain the terms exotic derivative and credit derivative while supporting your answer with relevant examples CW) Explain the main advantages that an option contract has over a forward contract Civ) Esplain the terms Commodity risk, contango and backwardation in relation to the crude oil market 1