| Popis: |
The structured financial products, for instance, structured notes, convertible bonds, reverse convertible bonds and others, did much to increase the role of all financial instruments in the market of securities and stock market. The stock-option component of a convertible bond has a calculable value in itself. The market of structured financial products can develop and function successfully if it is able to produce additional rate of profit on invested capital and its return to corporations issuing these structured financial products. The development of the market of structured financial products encourages the effective operation of other segments of financial markets, primarily the sector of derivative financial instruments as structured products are based mainly on these derivatives. A further efficient market of derivative instruments which merits consideration is its attempt to maintain liquidity, to provide fairer pricing and to enlarge the variety of accessible derivatives, which will positively impact not only financial markets but the entire economic system as a whole. |
