Produce a final report covering the following issues:

1. Explain what is a fixed income derivative instrument? Your explanations should include numerous examples of such instruments and a brief description of how they are valued, and under what context they are used. (30marks)
2. Discuss ways of measuring the different types of risks associated with such complex financial instruments. Provide examples to illustrate points (40 marks)
3. Fixed income derivatives were instrumental in the financial crisis of 2008. Other than outright banning, what can be done to these instruments to ensure that they are not as dangerous in the future. Illustrate with suitable examples. (30 marks)