جميع الكتب

مهني

1 Markets I: The Ecosystem and Exchange-Traded Marketsالأسواق عبر الإنترنت 2 Markets II: Rates, FX and Creditالأسواق عبر الإنترنت 3 Markets III: Commodities, Energy and Cryptoالأسواق عبر الإنترنت 4 Quantitative Methodsالأساليب عبر الإنترنت 5 Derivatives and Volatilityالمشتقات عبر الإنترنت 6 Rates, Credit, XVA and Riskالفائدة والائتمان والمخاطر عبر الإنترنت 7 Research Craft: Predictors, Backtests, Measurement, Portfoliosالبحث عبر الإنترنت 8 Strategies I: Equities and Futuresالاستراتيجيات عبر الإنترنت 9 Strategies II: Volatility, Relative Value, Macro and the Bank Desksالاستراتيجيات عبر الإنترنت 10 Microstructure and Executionالتنفيذ عبر الإنترنت 11 Market Making and High-Frequency Tradingصناعة السوق عبر الإنترنت 12 Machine Learning for Marketsتعلم الآلة عبر الإنترنت 13 Low-Latency Softwareالتكنولوجيا عبر الإنترنت 14 Networks, Hardware and Trading Infrastructureالتكنولوجيا عبر الإنترنت 15 Research, Data and Risk Platformsالتكنولوجيا عبر الإنترنت 16 The Desk and the Firmالشركة عبر الإنترنت 17 The Industry: Firms, Roles and Careersالمسارات المهنية عبر الإنترنت 18 The Interview Bookالمسارات المهنية عبر الإنترنت
التطبيقات حول المدرب تسجيل الدخول ابدأ القراءة

Quantitative Finance · المسرد

ما معنى Dividend risk and dividend swap؟

يُعرف أيضًا باسم: dividend risk · dividend swap

Definition 5.10 Derivatives and Volatility · الفصل 5 — Dividends, Borrow and Forwards

Dividend risk is the sensitivity of a position to a change in the dividends expected before its maturity: a forward, a long call or a short put loses when expected dividends rise. A dividend swap is an over-the-counter contract that exchanges, at maturity, the dividends actually paid on a share or index over a period for a fixed amount agreed at inception; the listed version is the dividend future of One Quant Book 1, chapter 22.

Where dividend risk goes. The issuer of equity-linked notes hedges with the underlying, is paid its dividends and has promised their expected value to the note holders; it lays the risk off by selling dividends forward to investors who want them.
Figure 5.4. Where dividend risk goes. The issuer of equity-linked notes hedges with the underlying, is paid its dividends and has promised their expected value to the note holders; it lays the risk off by selling dividends forward to investors who want them.
اقرأ في الفصل →