A Risk Profile of Discount-, Bonus-, Guarantee- and Factor-certificates

Term Paper , 2018 , 31 Pages , Grade: 1,0

Business economics - Investment and Finance

Diese Hausarbeit enthält eine Gegenüberstellung und einen Vergleich von Discount-, Bonus-, Garantie- und Faktorzertifikaten. Der Vergleich beinhaltet eine Produktanalyse (Charakteristik, Einsatzmöglichkeiten, etc.) und eine Darstellung des Risikoprofils der jeweiligen Zertifikate.

A term paper in the field of derivatives. Content: a comparison of Discount-, Bonus-, Guarantee- and factor-certificates. The comparison includes a product analysis (the character of the products, investment aims with these products) as well as an illustration of the risk- and return- profile of the respective certificates.

Content

LIST OF FIGURES

LISTOFTABLES

1 INTRODUCTION

2 CERTIFICATES IN GENERAL
2.1 Important definitions and characteristics of certificates
2.2 Advantages and disadvantages of certificates
2.3 Categorisation of certificates
2.4 Risk for all types of certificates

3 DISCOUNT CERTIFICATES
3.1 Definition, functionality and construction
3.2 Application fields and investment aims
3.3 Return and risk
3.4 Assessment as an investment possibility
3.4.1 Advantages
3.4.2 Disadvantages

4 BONUS CERTIFICATES
4.1 Definition, functionality and construction
4.2 Application fields and investment aims
4.3 Return and risk
4.4 Assessment as an investment possibility
4.4.1 Advantages
4.4.2 Disadvantages

5 GUARANTEE CERTIFICATES
5.1 Definition, functionality and construction
5.2 Application fields and investment aims
5.3 Return and risk
5.4 Assessment as an investment possibility
5.4.1 Advantages
5.4.2 Disadvantages

6 factor certificates
6.1 Definition, functionality and construction
6.2 Application fields and investment aims
6.3 Return and risk
6.4 Assessment as an investment possibility
6.4.1 Advantages
6.4.2 Disadvantages

7 CONCLUSION
7.1 Summary
7.2 Critical evaluation of certificates as investment vehicles

Appendix
Appendix 1: Calculation of a guarantee certificate and comparison with a direct investment
Appendix 2: Calculation of a bonus certificate and comparison with a direct investment
Appendix 3: Calculation of a guarantee certificate and comparison with a direct investment
Appendix 4: Calculation of a factor certificate and comparison with a direct investment
Appendix 5: Calculation of a factor certificate's performance in markets in volatile markets

Literature

• College: International School of Management Dortmund
• Course: Derivatives & Option Pricing Theory
• Grade: 1,0
• Author: Jannik De Winter (Author)
• Publication Year: 2018
• Pages: 31
• Catalog Number: V442813
• ISBN (eBook): 9783668820173
• ISBN (Book): 9783668820180
• Language: English
• Tags: Zertifikate, Investmentzertifikate, Certificates, Faktorzertifikate, Garantiezertifikate, Bonuszertifikate, Discountzertifikate, Factor certificates, Bonus certificates, Discount certificates, Guarantee certificates