As water rights markets mature innovative derivative products are emerging.
Forwards – contracts for an temporary water trade at a set price with a delivery at a future date
Carryover leasing – contract to lease storage rights for a defined period of time
Call options – contracts giving a buyer the right, but not the obligation, to buy a known volume of water at a known price at a specific date in the future
Delivery rights – the transfer of a right to have water delivered to a landholding.