Tranched Value Securities

Nikolay Zvezdin

MPRA Paper from University Library of Munich, Germany

Abstract: Structured financial products and derivatives were one of the major financial innovations since 18th century, which improve market completeness by transforming risk-sharing mechanisms. Since then, thousands of derivative types were created, and its market has grown to over six-times greater than global GDP, but capital markets still exhibit efficiency only to a limited extent. This paper assesses the potential performance of Tranched Value Securities (patent pending) – a new financial instrument that transforms a single underlying to asymmetrically paying derivative, and has a potential to further improve capital markets by facilitating risk sharing, and satisfy a wide range of investment objectives.

Keywords: tranched value securities; value tranching; derivatives; securitization; risk transfer; financial instrument; structured products; securities; alternative investments; financial innovation (search for similar items in EconPapers)
JEL-codes: G0 G00 G10 G12 G13 G19 (search for similar items in EconPapers)
Date: 2019-02-19
New Economics Papers: this item is included in nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92302

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