Diese Hausarbeit enthält eine Gegenüberstellung und einen Vergleich von Discount-, Bonus-, Garantie- und Faktorzertifikaten. Der Vergleich beinhaltet eine Produktanalyse (Charakteristik, Einsatzmöglichkeiten, etc.) und eine Darstellung des Risikoprofils der jeweiligen Zertifikate.
A term paper in the field of derivatives. Content: a comparison of Discount-, Bonus-, Guarantee- and factor-certificates. The comparison includes a product analysis (the character of the products, investment aims with these products) as well as an illustration of the risk- and return- profile of the respective certificates.
Table of Contents
- 1 INTRODUCTION
- 2 CERTIFICATES IN GENERAL
- 2.1 IMPORTANT DEFINITIONS AND CHARACTERISTICS OF CERTIFICATES
- 2.2 ADVANTAGES AND DISADVANTAGES OF CERTIFICATES
- 2.3 CATEGORISATION OF CERTIFICATES
- 2.4 RISK FOR ALL TYPES OF CERTIFICATES
- 3 DISCOUNT CERTIFICATES
- 3.1 DEFINITION, FUNCTIONALITY AND CONSTRUCTION
- 3.2 APPLICATION FIELDS AND INVESTMENT AIMS
- 3.3 RETURN AND RISK
- 3.4 ASSESSMENT AS AN INVESTMENT POSSIBILITY
- 3.4.1 ADVANTAGES
- 3.4.2 DISADVANTAGES
- 4 BONUS CERTIFICATES
- 4.1 DEFINITION, FUNCTIONALITY AND CONSTRUCTION
- 4.2 APPLICATION FIELDS AND INVESTMENT AIMS
- 4.3 RETURN AND RISK
- 4.4 ASSESSMENT AS AN INVESTMENT POSSIBILITY
- 4.4.1 ADVANTAGES
- 4.4.2 DISADVANTAGES
- 5 GUARANTEE CERTIFICATES
- 5.1 DEFINITION, FUNCTIONALITY AND CONSTRUCTION
- 5.2 APPLICATION FIELDS AND INVESTMENT AIMS
- 5.3 RETURN AND RISK
- 5.4 ASSESSMENT AS AN INVESTMENT POSSIBILITY
- 5.4.1 ADVANTAGES
- 5.4.2 DISADVANTAGES
- 6 FACTOR CERTIFICATES
- 6.1 DEFINITION, FUNCTIONALITY AND CONSTRUCTION
- 6.2 APPLICATION FIELDS AND INVESTMENT AIMS
- 6.3 RETURN AND RISK
- 6.4 ASSESSMENT AS AN INVESTMENT POSSIBILITY
- 6.4.1 ADVANTAGES
- 6.4.2 DISADVANTAGES
- 7 CONCLUSION
- 7.1 SUMMARY
- 7.2 CRITICAL EVALUATION OF CERTIFICATES AS INVESTMENT VEHICLES
Objectives and Key Themes
This term paper aims to provide a comprehensive analysis and risk profile of four types of certificates: discount certificates, bonus certificates, guarantee certificates, and factor certificates. The paper examines the definition, functionality, construction, and application fields of each certificate type. It further explores the return and risk associated with each type and assesses their viability as investment vehicles.
- Definition and characteristics of certificates
- Advantages and disadvantages of certificates as investment instruments
- Return and risk profiles of different certificate types
- Assessment of certificates as investment possibilities
- Critical evaluation of certificates as investment vehicles
Chapter Summaries
Chapter 2 provides a general overview of certificates, discussing their key definitions, characteristics, advantages, disadvantages, categorisation, and overall risk profile. Chapters 3 to 6 delve into the individual types of certificates - discount, bonus, guarantee, and factor certificates - respectively. Each chapter examines the certificate type's definition, functionality, construction, application fields, return and risk, and overall assessment as an investment possibility, highlighting the advantages and disadvantages of each.
Keywords
Key terms and concepts examined in this paper include certificates, discount certificates, bonus certificates, guarantee certificates, factor certificates, investment instruments, return, risk, risk profile, application fields, investment aims, advantages, disadvantages, critical evaluation, and investment vehicles.
- Quote paper
- Jannik De Winter (Author), 2018, A Risk Profile of Discount-, Bonus-, Guarantee- and Factor-certificates, Munich, GRIN Verlag, https://www.grin.com/document/442813
