Deskription und Bewertung strukturierter Produkte unter besonderer Berücksichtigung verschiedener Marktszenarien

Andreas Löhr and Heinz Cremers

No 82, Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management

Abstract: Due to a fast market development in volume and innovation on the structured products (certificates) side, critics are finding fault regarding a lack in transparency and comparability. However, certificates can provide characteristics for every market scenario as its explicit strength. The aim of the following working paper is to provide transparency and an analysis in the most common certificates. The analysis consists of a description, valuation and scenario analysis which then leads to a substantial overview and should provide knowledge which certificate can be used in specific market scenarios.

Keywords: Financial engineering; strukturierte Produkte; Zertifikate; evaluation by duplication; Discountzertifikate; Aktienanleihe; Doppel-Aktienanleihe; Cheapest-to-deliver-Zertifikat; Bonus-Zertifikat; Sprint-Zertifikat; Outperformance-Zertifikat; Reverse Sprint-Zertifikat; Reverse Outperformance-Zertifikat (search for similar items in EconPapers)
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (63)

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