会议专题

Research on the Characteristics and Risks of KODA

This paper dissects the structured financial derivative product Knock Out Discount Accumulator (KODA) by introducing its characteristics, analyzing its potential risks and providing strategies of protective measures for both banks and investors. KODA is a non-standard financial product sold to investors at a discounted price in the curb exchange. The investor, frequently bearing a leverage effect, has the obligation to accumulate the share purchase until the share reaches knock out price or the contract expires. A single KODA contract brings potential risks for both parties. Yet there are several risk prevention strategies available for either party, banks usually have access to safer and wider range of risk control methods than the investors.

Cheng Mengwen

Business School,University of Nottingham,Ningbo,P.R.China,315100

国际会议

The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)

武汉

英文

1926-1930

2010-12-04(万方平台首次上网日期,不代表论文的发表时间)