Innovative Turbo-Zertifikate am deutschen Kapitalmarkt - Preisstellung, Bewertung, Hedging und Gewinnpotenzial
Year: 2005
Author: Scholz, Hendrik, Baule, Rainer, Wilkens, Marco
Credit and Capital Markets – Kredit und Kapital, Vol. 38 (2005), Iss. 1 : pp. 87–116
Abstract
An overview shows the enormous success of turbo certificates at the German retail market. This article is concerned with the valuation and analysis of these innovative financial instruments. In doing so we focus on the recently disclosed pricing formulas of some issuers during the lifetimes of the products from issuance to maturity. Furthermore, we analyse a simple hedging strategy which shows the potential gains for the issuers depending on the turbo certificates’ lifetimes.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.38.1.87
Credit and Capital Markets – Kredit und Kapital, Vol. 38 (2005), Iss. 1 : pp. 87–116
Published online: 2005-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 30
Author Details
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