Identify the examples of derivatives that follow as one of the following:
■ Forward contract
■ Future contract
■ Option
■ Warrant
■ Swap

a. Canadian Inc. (which has some US operations) contracts with American Corp. (which has some Canadian operations) to pay the interest and principal on a US$20,000,000 loan in exchange for American Corp. making the payments on a Canadian dollar loan of equal value.
b. Marianne Corp. contracts with its bank to sell them US$100,000 cash in December 2018 at a rate of C$1.15/US$1.00.
c. An investor purchases a bundle of securities that includes a $1,000 bond issued by Starlight Inc. and the right, but not the obligation, to purchase 20 common (ordinary) shares in the company for $38 each in three to five years’ time.

d. Jakeman Corp. purchases the right, but not the obligation, to sell €100,000 for C$1.40/€ for a 30-day period.
e. Irene Ltd. purchases 100 BAX (Canadian Banker’s acceptance contracts that mature in three months) on the TMX.