| 书目名称 | Securities Lending and Repos |
| 副标题 | Instruments and Stra |
| 编辑 | Ralf Hohmann |
| 视频video | |
| 概述 | Explains the concept of securities lending and repos.Offers strategies on how to realize a risk-free surplus return.Describes the relationship between valuation and security lending |
| 丛书名称 | SpringerBriefs in Finance |
| 图书封面 |  |
| 描述 | .The aim of this book is to present different manifestations and conventional transactions with securities lending and repos. Securities lending as a way of short selling is not only suitable for hedging cash market positions, it is also an essential prerequisite for valuing options on the futures market. Their valuation according to the option price theory is theoretically not possible without securities lending. If, at the same time, no derivatives are traded on the market as a substitute, the valuation of a portfolio of cash and futures market positions is difficult to practice. This is unacceptable for the annual financial statements of banks, insurance companies and other capital collection agencies. With securities lending and repos, returns can be achieved with selected strategies that are above the risk-free interest rate for corresponding maturities. Market participants use differential arbitrage and compensatory arbitrage with different interest rates and premiums on the market to achieve excess returns. This is not pure short selling. Interest rates and premiums in the market should theoretically strive towards equilibrium through these transactions. Market participants |
| 出版日期 | Book 2023 |
| 关键词 | Capital Markets; Derivatives; Financial Crises; Bank Supervision; Hedging; Short Selling; Price Theory |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-658-41984-4 |
| isbn_softcover | 978-3-658-41983-7 |
| isbn_ebook | 978-3-658-41984-4Series ISSN 2193-1720 Series E-ISSN 2193-1739 |
| issn_series | 2193-1720 |
| copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Fachmedien Wies |
发表于 2025-3-21 17:51:03
