재무관리 날씨 파생상품과 이색 파생상품(영문)

재무관리 날씨 파생상품과 이색 파생상품(영문) [재무관리] 날씨 파생상품과 이색 파생상품(영문).pptx 목차 Index 1. Introduction to Derivatives 1-1. A Story of Thales of Miletus 1-2. A Derivative and Its Three Categorizations 1-3. The Uses of Derivatives 2. Weather Derivatives 2-1. The Need for Weather Derivatives 2-2. Weather Derivative Deals and Their Growth 2-3. Benefits of Weather Derivatives 2-4. An Example – Temperature Derivatives 3. Exotic Derivatives 3-1. Exotic vs Vanilla 3-2. CO2 Derivatives 3-3. Intrade.com 3-4. Grade Derivatives 본문 A derivative is a financial instrument whose value depends on other, more basic, underlying variables. Contracts to buy or sell an asset on or before a future date at a price specified today. Contracts that give the owner the right, but not the obligation, to buy or sell an asset. Contracts to exchange cash on or before a specified future date based on the underlying value of currencies, interest rates, and so on. 2. Weather Derivatives 2-1. The Need for Weather Derivatives 2-2. Weather Derivative Deals and Their Growth 2-3. Benefits of Weather Derivatives 2-4. An Example – Temperature Derivatives 1) Measuring daily index value HDD(Heating Degree Day) = Max(0, B-X) CDD(Cooling Degree Day) = Max(0, X-B) X: a day’s average temperature, B: base temperature(65oF) Exotic Derivatives usually refers to more complex and unusual derivative contracts that depend on the value of some specific underlying. This term contrasts with the use of Vanilla Derivatives to denote more standard derivative contracts (more highly liquid , standardized) 본문내용 to Derivatives 1-1. A Story of Thales of Miletus 1-2. A Derivative and Its Three Categorizations 1-3. The Uses of Derivatives 2. Weather Derivatives 2-1. The Need for Weather Derivatives 2-2. Weather Derivative Deals and Their Growth 2-3. Benefits of Weather Derivatives 2-4. An ExampleTemperature Derivatives 3. Exotic Derivatives 3-1. Exotic vs Vanilla 3-2. CO2 Derivatives 3-3. Intrade.com 3-4.