contributing members and retiree – increasing life expectancy of retirees) combined with downwards interest rates created a negative asymmetry between funds’ assets (invested contributions) and liabilities (pension payments). The Province’s taxpayers then absorbed the shortfall. Subsequent to the crisis,
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easily traded, such as a lawn mowing business. The other is that substitutes are not always perfect when manufactured in different countries, such as automobiles made in the US and Japan, because of the value consumers place on the products. 3. The market for loanable funds and the foreign money exchange are both central to macroeconomics of open economies. First, the real interest rate adjusts to equilibrium between the supply and demand for loanable funds. The supply of loanable funds comes
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of the derivative depends on the underlying. The underlying can be everything as long as it is clearly defined! Examples: Financial prices: stocks, bonds, stock-indices, exchange rates Commodities: oil price, gold, copper, coffee, orange juice concentrate, wine, energy In most cases the underlying is the price of a traded asset! 3 Derivative securities: Introduction Types of derivatives Forwards Futures Options Swaps Advanced products Structured products:
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publishers is strictly prohibited. 2 Disclaimer The contents of this publication do not necessarily constitute or imply its endorsement, recommendation, or favouring by the National Institute of Securities Market (NISM) or the Securities and Exchange Board of India (SEBI). This publication is meant for general reading and educational purpose only. It is not meant to serve as guide for investment. The views and opinions and statements of authors or publishers expressed herein do not constitute
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shuffling and redistribution of the risks that an investor faces. Thus aids in the process of diversifying ones portfolio. The volatility in the equity markets over the past years has resulted in greater use of equity derivatives. The volume of the exchange traded equity futures and options in most of the mature markets have seen a significant growth. It goes beyond that the local derivative in the emerging markets have witnessed widespread use of the derivative instrument for a variety of reasons. This
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UNIVERSITY 1.0 Introduction: The Dhaka Stock Exchange (DSE) is registered as a Public Limited Company and its activities are regulated by its Articles of Association rules & regulations and bye-laws along with the Securities and Exchange Ordinance, 1969, Companies Act 1994 & Securities & Exchange Commission Act, 1993. 1.1 Background of Dhaka Stock Exchange: • • • • East Pakistan Stock Exchange Ltd was finally named as Dhaka Stock Exchange (DSE) on 14 May 1964. Although incorporated in 1954
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METHODOLOGY 1. Objectives of the study:- ➢ To study Mutual Fund Industry with specific reference to equity growth oriented schemes. ➢ To compare the performance of 5 open ended equity mutual fund schemes with various financial parameters like Treynor, Jenson and Sharpe Model. ➢ To assess the above-mentioned schemes in-depth and suggest the investors for the same. ➢ To assign ranks to the selected mutual fund schemes and suggest suitable scheme to the investors on the basis of
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POLICY RESEARCH WORKING PAPER 1667 Dealing with Commodity Price Uncertainty Plantos Varangis Dont Larson Market liberalization has increased the appeal of commodity derivative instruments (such as futures, options, swaps, and commodity-linked notes)as a means of managing price uncertainty. many In emerging countries both government and the private sector are increasinglyusing these instruments. The World Bank International Economics Department Commodity Policy and Analysis
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Offering When a company wants to raise money to further fund its operations it can do so through an Initial Public Offering, or IPO. A private company can choose to sell shares in its company to interested investors, but first the value of a company’s shares must be evaluated. When a company decides to go public it needs to hire an underwriter, or investment bank. The owner of the company must file an S-I with the Securities and Exchange Commission, or the SEC. An S-I filing is comprised of extensive
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all of his available funds of £300000 into strictly AIM companies only. Adrian had explained to his advisor that he classes himself as a risk averse investor, therefore is seeking to create an investment portfolio which overall, has a smaller chance of failing, although is less likely to generate large returns. The advice to purely invest into the Alternative Investment Market only does not meet Adrian’s investor profile. The AIM is a sub-market of the London Stock Exchange which lists smaller
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