Analysis of using options to the express certificates formation

Monika Harčariková and Anna Bánociová

Economic Research-Ekonomska Istraživanja, 2015, vol. 28, issue 1, 354-366

Abstract: This article analyses the express certificates formation on the financial market. Express certificates are one type of modern structured products suitable for individual investors, the return of which is derived from the return of the underlying asset. There are detailed descriptions of these products with the aim of showing the nature of the express certificates formation. It is proved that the payoff of the express certificates is engineered from a combination of traditional financial instrument with the derivative products, especially vanilla and barrier options. Theoretical price of vanilla and barrier options are calculated through option pricing models. The main aim of this article is to provide an analysis of the express certificates formation on the shares (Daimler AG and Allianz SE) issued by Deutsche Bank AG. The objective of the analysis is to contribute to the intellectualisation of all investors.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2015.1043776 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:28:y:2015:i:1:p:354-366

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2015.1043776

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().