reference asset การใช้

• The CDO gains the interest receivable on the reference asset ( s ) over the period while the counterparty mitigates their market risk.
• In this sense, IKB, TCW, and Wachovia were  long investors, betting that the referenced assets would perform well.
• Total return swaps allow the party receiving the total return to gain exposure and benefit from a reference asset without actually having to own it.
• In partial return reverse swaps, the underlying asset, referred to as the reference asset, is usually a stock or portfolio of stocks.
• In total return swaps, the underlying asset, referred to as the reference asset, is usually an equity index, loans, or bonds.
• Note that K _ M = K \ cap M where K is a constant solvency cone and M is the set of portfolios of the m reference assets.
• The reference asset is sold to the buyer, with half ( or some other percentage ) of the return owned by the party receiving the agreed rate of payment, which is usually in the form of a note payable.
• These firms put up a total of $ 195 million to purchase " mezzanine " tranches of the deal ( rated'AA'to'BB') and in return would receive scheduled principal and interest payments if the referenced assets performed.
• In contrast, some ETFs, such as commodities ETFs and their leveraged ETFs, do not necessarily employ full replication because the physical assets cannot be stored easily or used to create a leveraged exposure, or the reference asset or index is illiquid.
• Simply put, the risk of a forward contract is that the supplier will be unable to deliver the referenced asset, or that the buyer will be unable to pay for it on the delivery date or the date at which the opening party closes the contract.
• Finally, the bill would repeal the exemption from the prohibition for any insured depository institution that limits its swap and security-based swap activities to acting as a swaps entity for : ( 1 ) swaps or security-based swaps involving rates or reference assets that are permissible for investment by a national bank; or ( 2 ) credit default swaps, including those referencing the credit risk of asset-backed securities unless they are cleared by a derivatives clearing organization or a clearing agency registered, or exempt from registration, under the Commodity Exchange Act or the Securities Exchange Act.