- Tytuł:
-
Konstrukcja portfela kontraktów na różnice kursowe z uwzględnieniem ryzyka rynkowego
The Construction of the Portfolio of Contracts for Differences with Respect to Market Risk - Autorzy:
- Jarek, Sławomir
- Powiązania:
- https://bibliotekanauki.pl/articles/591784.pdf
- Data publikacji:
- 2013
- Wydawca:
- Uniwersytet Ekonomiczny w Katowicach
- Tematy:
-
Giełda
Inwestor giełdowy
Ryzyko rynkowe
Market risk
Stock exchange
Stock exchange investor - Opis:
- In this paper is considered the issue of the portfolio of contracts for differences (CFD). As far as the standards of contracts traded on the stock exchanges are precisely defined and treated in such a manner that the investor in case of adverse developments for him on the market have the ability to complete the required margin, so transactions on the over the counter (OTC) market do not give an investor such the comfort and can result in an immediate closing open positions with significant losses for the investor. Open CFD positions offered in the OTC market are continuously monitored in terms of fulfilment of the required security deposit (margin) and the investor is responsible for maintaining the necessary assets to fully cover the market risk. Creating a CFD portfolio investor faces a dilemma, what proportion of the funds allocated to the opening position, and which of them leave as a hedge against market risks. The Problem is so complex that many of the CFD is exposed to currency risk. Appropriate funds intended to cover unrealised losses has to secure against a ineffective margin call to supplement the security deposit and unfavourable for the investor closing his position. The work discusses the various measures of market risk exposure used by reputable financial institutions offering contracts on exchange differences on the over the counter market. In addition, proposed several measures to support the portfolio structure of the CFD, taking into account market risk.
- Źródło:
-
Studia Ekonomiczne; 2013, 163; 29-43
2083-8611 - Pojawia się w:
- Studia Ekonomiczne
- Dostawca treści:
- Biblioteka Nauki
Artykuł