Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27849
Authors: 
Löhr, Andreas
Cremers, Heinz
Year of Publication: 
2007
Series/Report no.: 
Working paper series // Frankfurt School of Finance & Management 82
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.
Subjects: 
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
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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