|
(2007, 2500 words)
The following research paper discusses factors that determine the value of the options and proceeds with overview of the real options. The final part of the paper is devoted to analysis of the hedging strategies in financial risk management.
(2006, 5000 words)
The paper examines the applications of Credit Derivatives (CD) reviewing the history of their development and their characteristics. CG growth over the past few years is discussed. The features of the Credit Default Swap (CDS) as the most liquid type of CD are examines discussing CDS contracts, CDS valuation, examples of CDS, the motivations to use CDS, CDS pricing, etc.
(2006, 3100 words)
This paper examines basic types of credit derivatives, their uses and risks. Also, the analysis for valuation of a credit default swap is taken using a numerical example, which is further shown with an illustration.
(2006, 19 500 words)
The dissertation investigates the issue of risk management in the highly volatile foreign exchange market addressing the problems of transaction exposure (TE) and investigating the TE and the use of hedging instruments in a Danish multinational enterprise IC Companys A/S. Financial and academic literature is reviewed touching on the theory of exchange rates, inflation and interest rates, the classifications of exchange rate exposures, TE management systems, transaction and economic risks, etc. Qualitative research approach is used combining the methods of secondary data analysis and a case study based on primary data (interviews) analysis. Conclusions are made about the applicability of the theoretical framework to financial risk management in the chosen company.
(2003, 3000 words)
The paper reports on the performance of hedge funds invested in the US company NASDAQ and the Chinese company Shanghai Composite. An overview of the companies stock prices behaviour is provided; a stock-trading strategy is identified; optimal weights of each asset are calculated; leverage, value at risk (VaR), and sensitivity analysis of the hedge fund is conducted.
(2005, 3000 words)
This report reviewed the current situations of risk exposures on currency risk and interest rate risk of Abbot Group, and recommends the possible hedging solutions for each of these risks, and then liquidity exposure is reviewed. Based on the above risk exposures, this report discussed whether the Group should adopt relationship banking or transaction banking in order to minimise the risks exposed.
(2005, 3300 words)
The first part of this report will identify the possible key benchmarks when measuring the performance of the treasury function of Abbot Group (Abbot), and how to reduce the risks of fraud or human error when controlling the function. In the second part of environmental scenario, this report will focus on the issues related to obtain or improve Abbots credit rating and the main risks which could lead to downgrade in credit rating.
(2005, 2000 words)
The paper examines financial instruments in the money markets focusing on bills in the discount market and the market for certificates of deposits (CDs). Their features are outlined on the basis of calculation and analysis.
(2005, 1500 words)
The paper discusses the views on the correlation between financial markets and corporate financial policy focusing on hedging strategies and the hypothesis of Modigliani and Miller. Reasons behind corporate hedging are outlined highlighting its benefits.
(2005, 2500 words)
The following case study is devoted to analysis of Nick Leeson futures trading strategy. Nick Leeson achieved the record of loosing more than one hundred billion yen in futures trading over a period of two month; his actions resulted in the collapse of Barings Bank. The case study focuses on analysis of Nick Leesons apparent trading strategy, particularly analysis of arbitrage opportunities between Osaka and Singapore is undertaken, as a part of the assignment trading strategy that replicates Nick Leesons loss is developed. Final part of the case discusses practical methods of misleading bank management and possible actions that should be undertaken by regulation authorities to detect fraud at early stages. The case study has a short overview of financial theory and will be useful for those who interested in derivatives trading.
(2005, 9000 words)
The dissertation aims to examine the models of pricing financial instruments focusing on pricing FTSE 100 index call options. The review of literature provides information on options as financial derivatives; Black, Scholes and Merton option pricing model; volatility smiles; FTSE 100 index call options, etc. Procedures of estimating European call options prices with different pricing models are described; conclusions about the accuracy of the models are made.
(2005, 3000 words)
The paper examines two financial derivatives, i.e. futures and options, providing descriptions of the key concepts and identifying types of hedging risks, futures contracts and options. The difference between futures and options as hedging mechanisms is highlighted.
(2003, 3500 words)
The paper studies the increasing use of derivatives by six UK banks identifying the types of derivatives; the reasons behind their use by banks; the extent to which banks resort to derivatives use; the implied risks and the problems of risk management.
(2005, 2500 words)
The paper examines American and European options as financial derivatives offering their classification and reviewing theories behind option pricing. Advantages and disadvantages of simulation models of evaluation and stochastic programming are discussed.
(2005, 5500 words)
The dissertation aims to evaluate the effectiveness of futures contracts as a hedge against price risks for West Texas Intermediate (WTI) oil on the New York Metal Exchange (NYMEX). A review of literature provides information on futures, spot transactions, exchange futures markets, WTI market, measures of effectiveness, etc. Analysis is based on the data obtained over the period from 1999 to 2004. Conclusions are made about the economic welfare benefits of the NYMEX oil futures market.
(2004, 10000 words dissertation + 2000 words proposal,)
Credit derivatives market has seen a miraculous growth in the last few years. Credit derivatives are primarily used as a risk management tool, which allows financial institutions to transfer the risk. Investment banks are the main intermediaries that use credit derivatives for speculation, as well as for the risk management. This dissertation looks at the concentration within the intermediary market and assesses the dangers of such concentration to the financial stability. It is found that while some risks do exist within the intermediary market, the main threat to financial stability from concentration lies within the sellers market.
(2005, 2000 words)
With respect to financial derivatives, a hedge is a position taken with the intention of obtaining protection from adverse price changes in an underlying asset. There are many forms of hedging that a company may wish to pursue, by using financial derivatives as well as other practices. There is a range of ways to hedge foreign currency risk using derivative functions including futures, options and swaps, or even options on futures. This paper analyses whether hedging is an appropriate measure for organisations to take.
(2004, 2000 words)
The paper investigates weather threats to business trading looking at weather derivatives as a new financial instrument to deal with weather risks. A general description of weather derivatives, their historical background, the strategy and methodology of using them are presented. The problems of hedging weather risks by energy suppliers are discussed.
(2004, 2000 words)
The paper compares two modern methods used in the quantification of credit risk, namely Morgans CreditMetrics and Moodys KMV. The paper examines their advantages and limitations and analyses how effective credit derivatives in reducing exposure to credit risk.
(2004, 5000 words)
The paper firstly defines the Black-Scholes option pricing model and describes its main characteristics, and highlights why to use option contracts to hedge against risk, and discusses the problems raised by the Black-Scholes method. Then the paper aims to understand better what type of strategies exist through the use of put and call combined employing examples of a given hedging situation.
(2004, 7000 words)
The paper is devoted to the market performance of hedge funds and the methods of evaluating this performance. The author seeks to understand whether financial decisions can add value to a company. The currency crisis in Asia in 1997 is discussed in terms of its impact on hedge funds.
(2005, 2000 words)
This paper explains the paradox of how the financial markets coped without credit derivatives in the early 1990s. Examples of alternative financial instruments that were used to replicate credit derivatives are outlined. The paper critically evaluates different causes of the enormous growth of this market. Examples of corporate and sovereign failures are outlines, while credit risk is discussed in detail.
(2004, 2000 words)
The paper presents a case study of a private hedge fund, Long-Term Capital Management (LTCM). The model devised by Black, Scholes and Merton to price options is described. The types of financial assets and derivatives traded by a hedge fund and the Value at Risk (VaR) approach to risk management are analysed in relation to LTCM.
(2004, 3000 words)
This essay looks at how Option-Adjusted Spread (OAS) analysis can be used to price corporate bond with embedded call feature. Our analysis is extended to find an incremental return or spread of a corporate bond over benchmark government bond return (or, yield) both with call feature and without.
(2004, 4500 words)
The paper constructs and investigates the validity of the Capital Asset Pricing Model, Portfolio Theory and evaluates the value of an American Put and Call option basing on ten stocks (BAE Systems; BP Plc; British Airways Plc; The British Land Company Plc; Centrica Plc; GlaxoSmithKline Plc; Marks & Spencer Group Plc; The Sage Group Plc; Tesco Plc; Vodafone Group Plc) from a stock market and gather data on their respective monthly prices, dividend yields and market values
(2004, 2700 words)
The paper discusses issues and benefits posed by introduction of the International Accounting Standard 39 (ISA 39)
(2003, 2800 words)
The paper discusses how stock index futures can be used for the purposes of hedging investment portfolios, and the creation of future funds
(2003, 1700 words)
The paper briefly compares and contrasts the currency forwards and futures markets and evaluates the reasons why customers would use one market rather than the other.
Page 2>
|
