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Trading in Financial Instruments

Trading in Financial Instruments. Dr Marcin Spyra. Financial instruments and securities. Interest rate swap. Fixed interest rate. Debtor. WIBOR 6M + 3%. WIBOR 6M + 3%. Equity swap. Market price for 100,000 shares of X plc on expiration date. Investor. 5.000.000 PLN on expiration date.

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Trading in Financial Instruments

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  1. Trading in Financial Instruments Dr Marcin Spyra

  2. Financial instruments and securities

  3. Interest rate swap. Fixed interest rate Debtor WIBOR 6M + 3% WIBOR 6M + 3%

  4. Equity swap Market price for 100,000 shares of X plc on expiration date Investor 5.000.000 PLN on expiration date Investment: 100,000 shares of X plc the target is: 50 PLN forshare

  5. Stock Put Option The obligation of the issuer to buy 50,000 shares of X plc for the strike price 10 PLN Issuer Buyer Premium 50,000 PLN 50,000shares of X plc bought at the spot price 10 PLN

  6. Option Spread (options without premium) Bank Exporter Put option underlying asset € strike price 3,4 PLN Put option underlying asset € strike 3,2 PLN Revenues€ Expenses PLN Call option underlying asset € strike 3,5 PLN

  7. Credit derivatives Credit default swap Total return swap Credit linked notes

  8. Financial market.

  9. The „Shipyard” case. Shipyard Bonds Underwriting agreement Charitable Association Secured loan Bank Brokerage services

  10. Uncomplicated financial instruments 1) shares admitted to trading on a regulated market or equivalent market in a country which is not a Member State;2) bonds or other debt securities, which have not an embedded derivative;3) units of investment funds, foreign funds participation titles and titles of the participation of open-end investment funds based in countries belonging to EEA and open-end investment funds established in OECD member countries other than the Member State of EU or EEA

  11. Uncomplicated financial instruments - There is, on an ongoing basis, the ability to dispose of, redeem or otherwise realize the value of the instrument at a price that is publicly available to market participants and which is the market price or the price specified, or approved by the pricing system independent of the issuer of financial instruments,- Instruments are not related to actual or potential liabilities in excess of the customer acquisition cost of these instruments,- There is a publicly available information explaining their characteristics in a manner understandable to the client

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