QUESTION FIVE (5) Financial risks can be mitigated by several responses. Please explain what the following derivatives are and give a brief description of how they operate as hedging instruments. a) Futures contracts b) Forward contracts c) Options d) Swaps Operational risks can be mitigated by several responses. Please explain what the following responses are and give a brief description of how they operate as mitigating instruments. a) Long term supply contracts b) Take-or-pay contracts c) Take-and-pay contract d) Throughput agreements 5 Marks Each; Total: 20 Marks