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Original scientific paper
https://doi.org/10.1080/1331677X.2015.1043776

Analysis of using options to the express certificates formation

Monika Harčariková   ORCID icon orcid.org/0000-0001-7605-226X
Anna Bánociová

Fulltext: english, pdf (428 KB) pages 354-366 downloads: 242* cite
APA 6th Edition
Harčariková, M. & Bánociová, A. (2015). Analysis of using options to the express certificates formation. Economic research - Ekonomska istraživanja, 28 (1), 354-366. https://doi.org/10.1080/1331677X.2015.1043776
MLA 8th Edition
Harčariková, Monika and Anna Bánociová. "Analysis of using options to the express certificates formation." Economic research - Ekonomska istraživanja, vol. 28, no. 1, 2015, pp. 354-366. https://doi.org/10.1080/1331677X.2015.1043776. Accessed 17 Feb. 2020.
Chicago 17th Edition
Harčariková, Monika and Anna Bánociová. "Analysis of using options to the express certificates formation." Economic research - Ekonomska istraživanja 28, no. 1 (2015): 354-366. https://doi.org/10.1080/1331677X.2015.1043776
Harvard
Harčariková, M., and Bánociová, A. (2015). 'Analysis of using options to the express certificates formation', Economic research - Ekonomska istraživanja, 28(1), pp. 354-366. https://doi.org/10.1080/1331677X.2015.1043776
Vancouver
Harčariková M, Bánociová A. Analysis of using options to the express certificates formation. Economic research - Ekonomska istraživanja [Internet]. 2015 [cited 2020 February 17];28(1):354-366. https://doi.org/10.1080/1331677X.2015.1043776
IEEE
M. Harčariková and A. Bánociová, "Analysis of using options to the express certificates formation", Economic research - Ekonomska istraživanja, vol.28, no. 1, pp. 354-366, 2015. [Online]. https://doi.org/10.1080/1331677X.2015.1043776

Abstracts
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.

Keywords
investment certificate; express certificate; vanilla option; barrier option; option pricing

Hrčak ID: 171521

URI
https://hrcak.srce.hr/171521

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