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stock index Cliquet Option

Polish translation: opcje indeksu giełdowego Cliquet

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13:48 Jan 23, 2004
English to Polish translations [PRO]
Bus/Financial
English term or phrase: stock index Cliquet Option
Z tekstu o programie obliczania ryzyka kredytowego. Proszę o wyjaśnienie tych tajemniczych NAZW
gwen0
Local time: 00:51
Polish translation:opcje indeksu giełdowego Cliquet
Explanation:
to nie ma polskiej nazwy, bo dopiero niedawno pojawiło się za granicą

Cliquet options are exotic financial securities, created from puts and calls which need to be priced accurately to be profitable. In the financial engineering option, several teams work on the same problem in parallel, but with different strategies. This year three teams, under the guidance of Jeremy Staum, overcame mathematical and computational obstacles to implement some ideas about Cliquet options of Peter Carr, a former Cornell finance professor who was recently named head of Analytic Research at Bloomberg LLP. The cliquet options studied in the project can be thought of as the combination of an investment in an equity index with the protection of a long-term put option, which is paid for by relinquishing some the upside value in the form of a series of short-term call options. The project was sponsored by Morgan Stanley.
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lim0nka
United Kingdom
Local time: 23:51
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
4opcje indeksu giełdowego Cliquet
lim0nka


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
stock index cliquet option
opcje indeksu giełdowego Cliquet


Explanation:
to nie ma polskiej nazwy, bo dopiero niedawno pojawiło się za granicą

Cliquet options are exotic financial securities, created from puts and calls which need to be priced accurately to be profitable. In the financial engineering option, several teams work on the same problem in parallel, but with different strategies. This year three teams, under the guidance of Jeremy Staum, overcame mathematical and computational obstacles to implement some ideas about Cliquet options of Peter Carr, a former Cornell finance professor who was recently named head of Analytic Research at Bloomberg LLP. The cliquet options studied in the project can be thought of as the combination of an investment in an equity index with the protection of a long-term put option, which is paid for by relinquishing some the upside value in the form of a series of short-term call options. The project was sponsored by Morgan Stanley.


    Reference: http://www.orie.cornell.edu/latex/newsletter2003/node5.html
lim0nka
United Kingdom
Local time: 23:51
Native speaker of: Native in PolishPolish
PRO pts in pair: 3581
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