EQUITY DERIVATIVES NZX DERIVATIVES MARKET.
|
|
- Tracey Brooks
- 8 years ago
- Views:
Transcription
1 EQUITY DERIVATIVES NZX DERIVATIVES MARKET
2 WHAT ARE EQUITY DERIVATIVES? Equity derivatives are among the most traded financial instruments globally with volume traded of billion in NZX is committed to offering global and local investors access to tools needed to manage and gain exposure to the New Zealand capital market.
3 NZX EQUITY DERIVATIVES NZX equity derivatives provide investors with the tools that may assist them to mitigate their risk and generate market exposure to New Zealand equities. NZX will initially launch an NZX 20 Index Futures contract followed by exchange-traded options. Market Hours Index Futures Equity Options Enquiry 1:30am 1:30am Pre - Open 9:00am 9:00am Open 9:45am 10:00am Pre close 5:13pm 5:08pm Close 5:15pm 5:10pm Enquiry 5:30pm 5:30pm NZX 20 Capital, NZX 50 Capital and NZX 50 Gross Indices 5,500 5,000 NZX20 Capital Index NZX50 Capital Index NZX50 Gross Index 4,500 4,000 Index Value 3,500 3,000 2,500 2,000 1,500 Apr-12 Apr-13 Apr-14
4 HOW CAN I GET INVOLVED? You can gain access to NZX s Equity Derivatives Market by contacting an accredited market participant: Trading and Advising Firm Advising Firm Contact details and further information is available at GLOBAL DERIVATIVES TRADING Last ten years Volume (billions) Source: Futures Industry Association
5 CONTRACT SPECIFICATION NZX s equity derivatives are settled to the underlying stock or index value. NZX 20 Index Futures are settled to the NZX 20 Capital Index, which reflects increases or decreases of the market value, based on the price of shares. Equity Options Trades will be physically settled with delivery of the underlying equity Contracts traded nearest 3 months out and up to six quarterly months out One equity option = rights over 100 ordinary shares of the underlying Index Futures Trades will be cash settled to the special opening quotation of the NZX 20 Capital Index calculated by NZX Contracts traded nearest 2 months out and up to six quarterly months out Contract valued at NZ$25 per index point (e.g. value NZ$75,000 at 3,000 index points) BENEFITS OF EQUITY DERIVATIVES Risk Management Speculation Transition Arbitrage Equitising Cash Index Futures Provides investors with the ability to protect the value of a portfolio correlated to the NZX 20 Index Investors can capture price movements in the underlying asset without trading the asset itself Investors can create synthetic market exposure when transitioning funds between markets and asset classes Investors trade on price discrepancies between the underlying stocks and index futures price Investors are able to avoid cash drag by purchasing futures to gain market exposure Equity Options Put options can assist an investor to protect their shares against a fall in value, as an investor is able to guarantee the sale price of their shares for the life of the option Options over equity securities expose an investor to movements in the share price for a fraction of the cost of purchasing the shares themselves Investors can create synthetic equity exposure when transitioning funds between underlying securities Investors can trade on price discrepancies between the price of equity options and the price of the underlying stock Investors are able to avoid cash drag by purchasing options contracts to gain exposure to individual equities
6 Disclaimer: This document is provided for general information purposes and is not intended as, and shall not constitute, investment advice nor an offer, invitation, inducement, solicitation or recommendation to acquire or dispose of securities. Although NZX Limited (NZX) has taken care to ensure the accuracy of the information as at the date of publication, NZX does not give any warranty or representation as to the accuracy,reliability or completeness of the information in this document. The reader of this document should seek independent advice before acting on any information in this document. To the maximum extent permitted by law, NZX and its subsidiaries, employees, officers and contractors shall not be liable for any loss or damage (whether direct, indirect, consequential or otherwise) arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from anyone acting or refraining to act in reliance on this information. NZX Derivatives Market is a registered market operated by NZX, a registered market operator regulated under the Securities Markets Act Those who desire to trade any products available on any NZX market or to offer and sell any such products to others should consider the requirements of the applicable Rules and other legal and regulatory requirements relevant to them, as well as the associated risks, before doing so.
Exchange For Physical. NZX Derivatives Market
Exchange For Physical NZX Derivatives Market CONTENTS 1. What is an EFP... 3 1.1 Benefits... 3 1.2 Examples 4-5 2. How an EFP Works..6-7 3. Procedures for EFPs on NZX...8-12 1. What is an EFP? An Exchange
More informationGuide to Options Trading. NZX Derivatives Market
Guide to Options Trading NZX Derivatives Market CONTENTS WHAT ARE OPTIONS? 3 COMPONENTS OF AN OPTION 4 ADVANTAGES OF TRADING OPTIONS 5 PAYOFF DIAGRAMS 7 GLOSSARY 9 Disclaimer: This Disclaimer relates to
More informationT+2 Settlement. Frequently Asked Questions. Date: February 2015. Broker Trades Message Specification. (November 2007) SX Market Information
T+2 Settlement Frequently Asked Questions Broker Trades Message Specification Date: February 2015 (November 2007) SX Market Information Information Solutions from the Source 2015 ASX Operations Pty Limited
More informationModule 6 Fixed income ETFs
Module 6 Fixed income ETFs Course #: Title Topic 1: I want exposure to bonds... 3 What are bonds?... 3 The bond market is diverse... 3 Bond prices... 4 What makes a bond's price change?... 4 More information...
More informationIndex options. Module 9
Course #: Title Module 9 Index options Index options... 1 Topic 1: Why trade index options?... 3 Trade the direction of the index... 3 Leveraged exposure... 3 Protect a share portfolio... 4 Topic 2: How
More informationModule 5 International ETFs
Module 5 International ETFs Course #: Title Topic 1: What are international ETFs?... 3 Exposure to international markets... 3 Why would I want exposure to overseas markets?... 3 Index-tracking... 3 Buying
More informationModule 5 Index CFDs. Course #: Title. Version 1 August 2013 1
Module 5 Index CFDs Course #: Title Topic 1: S&P/ASX 200 CFDs... 3 Initial margin... 3 Variation margins... 3 Cashflows... 4 Topic 2: S&P/ASX 200 CFD strategies... 6 Trade broad market movements... 6 Protect
More informationModule 1 Introduction to CFDs
Module 1 Introduction to CFDs Course #: Title Topic 1: Why use CFDs?... 3 Introduction... 3 Leveraged exposure... 3 Trade rising or falling markets... 3 Protect a physical position... 4 Pairs trading...
More informationEXCHANGE TRADED OPTIONS
EXCHANGE TRADED OPTIONS A SELF STUDY GUIDE TO TRADING EQUITY OPTIONS NZX EDUCATION This document is provided for general information purposes and is not intended as, and shall not constitute, investment
More informationContents. ETF Reference Guide Page 2 The Stock Exchange of Mauritius
ETF Reference Guide Contents 1. Background 04 2. Introduction to Exchange Traded Funds 05 What are Exchange Traded Funds Why invest in Exchange Traded Funds as an alternative to other similar investments?
More informationIntroduction to Equity Derivatives on Nasdaq Dubai NOT TO BE DISTRIUTED TO THIRD PARTIES WITHOUT NASDAQ DUBAI S WRITTEN CONSENT
Introduction to Equity Derivatives on Nasdaq Dubai NOT TO BE DISTRIUTED TO THIRD PARTIES WITHOUT NASDAQ DUBAI S WRITTEN CONSENT CONTENTS An Exchange with Credentials (Page 3) Introduction to Derivatives»
More informationASX CFD market fundamentals
Course #: Title Course 1 ASX CFD market fundamentals Topic 1: The ASX CFD Market... 3 What are CFDs?... 3 The popularity of ASX CFDs has arisen from two main features:... 3 ASX CFDs offer additional features
More information2015 Settlement Calendar for ASX Cash Market Products ¹ Published by ASX Settlement Pty Limited A.B.N 49 008 504 532
2015 Calendar for ASX Cash Market Products ¹ Published by ASX Pty Limited A.B.N 49 008 504 532 Calendar for ASX Cash Market Products¹ ASX Pty Limited (ASX ) operates a trade date plus three Business (T+3)
More informationGreg Flower Wealth Management. Discretionary Wealth Management
Greg Flower Wealth Management Discretionary Wealth Management Disclaimer The information included in this document, including any opinion, is based on various sources believed to be reliable, but its accuracy
More informationModule 2 How do ASX Listed CFDs work?
Module 2 How do ASX Listed CFDs work? Course #: Title Topic 1: Basic features... 3 Opening and closing CFD positions... 3 Novation... 3 CFD pricing... 4 Competition between DPMs... 4 Arbitrage opportunities...
More informationObligatory transactions on a specified date at a predetermined price
Obligatory transactions on a specified date at a predetermined price DERIVATIVE MARKET Bond Derivatives Bond Futures www.jse.co.za Johannesburg Stock Exchange A bond future is a contractual obligation
More informationModule 2 What are ETFs?
Module 2 What are ETFs? Course #: Title Topic 1: Features... 3 Underlying indices... 3 Accurate price tracking... 3 Trades at NAV... 3 Open-ended... 4 Exchange traded... 4 Topic 2: How ETFs are created...
More informationModule 8 Currency ETFs
Module 8 Currency ETFs Course #: Title Topic 1: Currency ETFs... 3 I want exposure to currencies... 3 What is an exchange rate?... 3 Currency ETFs track exchange rate movements... 3 How are exchange rates
More informationContracts for Difference (CFDs)
Contracts for Difference (CFDs) Wealth & Investment Stockbroking What are CFDs? A Contract for Difference (CFD) is an agreement between a buyer and a seller to exchange the difference in price of an underlying
More informationOntario Securities Commission
Ontario Securities Commission OSC Staff Notice 81-727 Report on Staff s Continuous Disclosure Review of Mutual Fund Practices Relating to Portfolio Liquidity June 25, 2015 Purpose of this Notice Staff
More informationHow To Understand The Cci Process
CHESS Understanding CHESS Depositary Interests CHESS DEPOSITARY NOMINEES PTY LTD (AFSL 254514) FINANCIAL SERVICES GUIDE The purpose of this financial services guide (FSG) is to assist issuers in deciding
More informationModule 7 Commodity ETFs
Module 7 Commodity ETFs Course #: Title Topic 1: I want exposure to commodities... 3 Introduction... 3 Understand both the commodity and the financial instrument... 3 Do I understand the financial instrument?...
More informationModule 1 Introduction to ETFs
Module 1 Introduction to ETFs Course #: Title Topic 1: Big picture investing... 3 Which stock to buy?... 3 Why take a big picture approach?... 3 How can you invest in the market?... 4 Topic 2: What are
More informationExplanatory Notes Securities Lending Reporting. Daily Market Report of Outstanding Borrowed Positions, by Security
Explanatory Notes Securities Lending Reporting The following provides information relating to the headers on each report. Daily Market Report of Outstanding Borrowed Positions, by Security ASX Code is
More information8.21 % 85.6 % 70 % 17.8 % 5 MUST-KNOW FACTS ON FTSE100 RUPEE DENOMINATED. world s equity Market-cap. UK s equity Market capitalization
5 MUST-KNOW FACTS ON FTSE100 8.21 % world s equity Market-cap 85.6 % UK s equity Market capitalization 100 largest UK listed blue-chip companies 70 % of FTSE100 represented by MNC s 17.8 % 3 years return
More informationHedging Stocks with SiMSCI Futures
Hedging Stocks with SiMSCI Futures Alex Poh, Singapore Exchange 24 July 2011 Version 1.0 Contents Page 1 What is SiMSCI? 2-3 2 Futures Trading 4-6 3 Hedge your Stocks using SiMSCI Futures 7-8 1 What is
More informationWhat to consider in an investment
Course 4 What to consider in an investment Topic 1: Return on investment... 3 Evaluating an investment... 3 Return on investment... 3 Income... 3 Frequency of income payments... 4 Capital growth... 4 Comparing
More informationEQUITY RAISING ANNOUNCEMENT
EQUITY RAISING ANNOUNCEMENT MARKET RELEASE 21 NOVEMBER 2012 KEY POINTS Entitlement Offer to Raise up to A$80 million o 3 for 10 accelerated non renounceable entitlement offer to raise up to A$80 million
More informationMore simply, a Bank Bill is a promise by the borrower
Contents 1 What are Bank Bills? 2 Features of Bank Bills 3 Borrowing via Bank Bills 4 Investing in Bank Bills 5 Managing Your Interest Rate Exposure 6 Interest Rate Risk Management Instruments 7 Bank Bill
More informationShanghai-Hong Kong Stock Connect 2015.01.07
Shanghai-Hong Kong Stock Connect 2015.01.07 The launch of Stock Connect further expands the crossborder RMB investment channel Shanghai-Hong Kong Stock Connect officially launched on 17 Nov 2014, enabling
More informationMSCI Announces the Results of the 2011 Annual Market Classification Review
MSCI Announces the Results of the 2011 Annual Market Classification Review Geneva June 21, 2011 MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices,
More informationReliance Index Fund - Sensex Plan (An Open Ended Index Linked Scheme)
ssssssssss Reliance Index Fund - Sensex Plan (An Open Ended Index Linked Scheme) Contents What does Index Fund mean? Page 2 Reasons to Invest in Index Fund Page 2 Reliance Index Fund Sensex Plan Page 2
More informationModule 3 Buying, holding and selling ETFs
Module 3 Buying, holding and selling ETFs Course #: Title Topic 1: Buying and selling ETFs... 3 How trading ETFs is similar to trading shares... 3 How trading ETFs is different from trading shares... 3
More informationOnline Share Trading Currency Futures
Online Share Trading Currency Futures pic Currency Futures Introduction Currency futures contracts can be hard-working additions to any investor s or trader s portfolio. They provide a way to hedge the
More informationANZ ETFS S&P/ASX 100 ETF. (ASX Code: ZOZI)
ANZ ETFS S&P/ASX 100 ETF (ASX Code: ZOZI) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors by ANZ ETFS,
More informationOnline Share Trading Currency Futures
Online Share Trading Currency Futures Wealth warning: Trading Currency Futures can offer significant returns BUT also subject you to significant losses if the market moves against your position. You may,
More informationHow options are traded
Course #: Title Module 10 How options are traded Topic 1: How options are traded... 3 Trading system... 3 Order types... 3 Combinations... 4 Trading hours... 4 Options taxation is a complex area... 5 The
More informationCHESS. Clearing House Electronic Subregister System
CHESS Clearing House Electronic Subregister System Exchange Centre, 20 Bridge Street, Sydney NSW 2000 Telephone: 1300 300 279 www.asx.com Information provided is for educational purposes and does not constitute
More informationShare Purchase Plan. Arvida Group Ltd. 6 July 2015
Arvida Group Ltd 6 July 2015 Share Purchase Plan This is an important document. You should read the whole document before deciding whether to subscribe for shares. If you have any doubts as to what you
More informationTHE U.S. INFRASTRUCTURE EFFECT INTERVIEW BY CAROL CAMERON
This interview originally appeared in the Summer 24 edition of InSIGHTS, a quarterly publication from S&P Dow Jones Indices. THE U.S. INFRASTRUCTURE EFFECT INTERVIEW BY CAROL CAMERON Every four years,
More informationHong Kong Exchanges and Clearing Limited. 12/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong
BRICS Hong Kong Exchanges and Clearing Limited 12/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong Tel: +852 2522 1122 Fax: +852 2295 316 Website: www.hkex.com.hk E-mail:
More informationINDEX-BASED INVESTING
PART 4 INDEX-BASED INVESTING N. (IN-DEKS BEYST IN-VEST-ING) AN INVESTMENT BASED ON PRODUCTS LINKED TO INDICES, SUCH AS INDEX MUTUAL FUNDS, ETFs AND OPTIONS CONTRACTS. 1 INDEX-BASED INVESTING Index-based
More informationProtect your shares. Course 7
Course 7 Protect your shares Topic 1: Introduction... 3 The put buyer's rights... 3 Topic 2: How does it work?... 5 Outcome 1 - share price falls... 5 Outcome 2 - share price rises... 6 Profits and losses...
More informationSelf-funding instalments
Course #: Title Course 6 Self-funding instalments Topic 1: Features of self-funding instalments... 3 How SFIs work... 3 How do SFIs differ from ordinary instalments?... 3 Summary... 4 Topic 2: Selecting
More informationBond Spread Futures - A Guide to the New Contract Month
SFE BULLETIN www.sfe.com.au 30 Grosvenor Street Sydney NSW 2000 Australia Telephone 61 2 9256 0555 Facsimile 61 2 9256 0666 PO Box N680 Grosvenor Place NSW 1220 Australia SFE Bulletin No: 26/04 From: SFE
More informationPowerful tools for investing, speculating or hedging
Powerful tools for investing, speculating or hedging DERIVATIVE MARKET Equity Derivatives Single Stock Futures www.jse.co.za Johannesburg Stock Exchange Single Stock Futures are powerful tools for investing,
More informationTen PowerShares Exchange-Traded Fund Trust Funds to Begin Trading on NASDAQ on September 20, 2006 (Financial Products Update #2006-xxx)
To: Head of NASDAQ Trading Head of ETF Trading Structured Products Traders Compliance Officers From: William Slattery Director PHLX Listing Qualifications Department Re: Ten PowerShares Exchange-Traded
More informationIdentifying the Differences Between VIX Spot and Futures
PRACTICE ESSENTIALS STRATEGY 201 U.S. Identifying the Differences Between VIX Spot and Futures CONTRIBUTOR Berlinda Liu berlinda.liu@spdji.com The S&P Dow Jones Indices Practice Essentials series is a
More informationThe Scottish Investment Trust PLC
The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLC
More informationANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF. (ASX Code: ZYAU)
ANZ ETFS S&P/ASX 300 HIGH YIELD PLUS ETF (ASX Code: ZYAU) INVESTMENT BUILDING BLOCKS FOR A CHANGING WORLD Introducing a suite of innovative exchange traded funds (ETFs) designed for Australian investors
More informationHow to buy and sell shares
Course 5 How to buy and sell shares Topic 1: Buying and selling shares... 3 Buying and selling shares... 3 Buying shares in a float or Initial Public Offering... 3 Buying and selling shares through a stockbroker...
More informationMSCI CHINA AND USA INTERNET TOP 50 EQUAL WEIGHTED INDEX
INDEX METHODOLOGY MSCI CHINA AND USA INTERNET TOP 50 EQUAL WEIGHTED INDEX September 2014 SEPTEMBER 2014 CONTENTS 1 Introduction... 3 2 Constructing the MSCI China and USA Internet Top 50 Equal Weighted
More informationA new landmark in trading
A new landmark in trading DERIVATIVES MARKET Equity Derivatives Dividend Futures www.jse.co.za Johannesburg Stock Exchange The JSE in collaboration with Deutsche Bank and Investec Capital Markets is launching
More informationIntroduction to Index Futures and Options
Introduction to Index Futures and Options Disclaimer of Liability Information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice
More informationAN INSIDE LOOK AT S&P MILA 40
DID YOU KNOW? This article originally appeared in the Summer 2013 edition of INSIGHTS, a quarterly publication from S&P DJI, and summarizes key aspects of the S&P MILA 40 Index originally featured in Benchmarking
More informationResults of MSCI 2015 Market Classification Review
Results of MSCI 2015 Market Classification Review China A Shares on Track for Inclusion MSCI and CSRC Will Form Working Group to Address Remaining Issues Geneva June 9, 2015 MSCI Inc. (NYSE: MSCI), the
More informationBRASIL BROKERS RESULTS 3 rd Quarter 2011 BRASIL BROKERS RESULTS
1 This presentation does not constitute an offer, or invitation, or solicitation of an offer to subscribe for or purchase This presentation any securities does neither not constitute does this an presentation
More informationInternational Financial Reporting Standards (IFRS)
FACT SHEET September 2011 IAS 27 Consolidated and separate financial statements (This fact sheet is based on the standard as at 1 January 2011.) Important note: This fact sheet is based on the requirements
More informationFundamental analysis. Course 10
Course 10 Fundamental analysis Topic 1: Fundamental analysis - an introduction... 3 Analysing individual companies... 3 What are you trying to learn about a company?... 4 Topic 2: Annual Report... 6 Sourcing
More informationFTIF Templeton Global Bond Fund
FTIF Templeton Global Bond Fund The STRATEGY Investment Goal FTIF Templeton Global Bond Fund seeks to maximize total return, with a combination of interest income, capital appreciation and currency gains
More informationAustralian Accounting Standards Board (AASB)
Standards Board () FACT SHEET September 2011 1038 Life Insurance Contracts (This fact sheet is based on the standard as at 1 January 2011.) Important note: This standard is an Australian specific standard
More informationJanuary 25, 2007. Description of the CBOE NASDAQ-100 BuyWrite Index (BXN SM Index)
Description of the CBOE NASDAQ-100 BuyWrite Index (BXN SM Index) Index Design. The CBOE NASDAQ-100 BuyWrite Index (BXN SM ) measures the total rate of return of a NASDAQ-100 covered call strategy. This
More informationStrategic Research: Contracts For Difference
Strategic Research: Contracts For Difference Ian Littlewood Contracts For Difference April 2007 Strategic Research reports from Thomson Financial are designed to enable strategic decision-making for investor
More informationOption pricing in detail
Course #: Title Module 2 Option pricing in detail Topic 1: Influences on option prices - recap... 3 Which stock to buy?... 3 Intrinsic value and time value... 3 Influences on option premiums... 4 Option
More information2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014
2014 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2014 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The
More informationInvestors on the JSE Limited have recently been able to invest in an exciting new type of financial product known as Share Instalments.
Instalments pic Investors on the JSE Limited have recently been able to invest in an exciting new type of financial product known as Instalments. What are Instalments? Instalments are instruments that
More informationNZX PARTICIPANT FEE SCHEDULE Effective 1 July 2010
NZX PARTICIPANT FEE SCHEDULE Effective 1 July 2010 CONTENTS PAGE 1. INTRODUCTION! 3 2. CONTACT DETAILS! 3 3. MEMBERSHIP FEES! 4 4. TRANSACTION FEES! 7 5. TECHNOLOGY FEES! 9 6. MARKET OVERSIGHT RECOVERIES!
More informationCorporate and Investment Banking. Open Account Trade Finance Solutions
Corporate and Investment Banking Open Account Trade Finance Solutions Open Account Trade Finance Solutions Standard Bank your trade partner in, for and across Africa Open Account Trade Finance Solutions
More informationAn Overview of Small Business Investment Company Funds. Jonathan Kivell Commerce Street Capital
An Overview of Small Business Investment Company Funds Jonathan Kivell Commerce Street Capital Disclaimer This presentation ( presentation ) is intended solely for the Recipient and has been prepared for
More informationOptions Strategies. 26 proven options strategies
asx 267_cover 25/8/9 1:32 PM Page 2 Options Strategies 26 proven options strategies Information line: 131 279 www.asx.com.au HOW TO USE THIS BOOKLET This brochure details more than two dozen strategies
More informationFor personal use only
29 September 2014 Dear Shareholder Lynas Corporation Limited Renounceable Pro Rata Entitlement Offer On 29 September 2014, Lynas Corporation Limited (Lynas) announced that it was conducting an underwritten,
More informationMagellan Global Equities Fund An Innovative Vehicle for Global Equity Investors
Magellan Global Equities Fund An Innovative Vehicle for Global Equity Investors March 2015 Important Information This presentation ( Presentation ) has been produced by Magellan Asset Management Limited
More informationAccessing the U.S. market through ETFs
Accessing the U.S. market through ETFs Brian Roberts Vanguard Investments Hong Kong Limited 9 Jul 2015 For professional institutional use investors only. Not use for only. public Not distribution. for
More informationAustralian Electricity Futures and Options. Contract Specifications
Australian Electricity Futures and Options Contract Specifications Disclaimer: This is for general information purposes only, does not constitute financial product advice and is provided on a non-reliance
More informationdb x-trackers S&P 500 UCITS ETF (DR) Supplement to the Prospectus
db x-trackers S&P 500 UCITS ETF (DR) Supplement to the Prospectus This Supplement contains information in relation to db x-trackers S&P 500 UCITS ETF (DR) (the Fund ), a sub-fund of Concept Fund Solutions
More information"This notice is not part of the accompanying prospectus"
We no longer offer certain of our variable annuity products and are not required to update the annuity prospectuses for such products. We maintain on this site, for your reference, the most recent annuity
More informationAustralian Accounting Standards Board (AASB)
FACT SHEET September 2011 1023 General Insurance Contracts (This fact sheet is based on the standard as at 1 January 2011.) Important note: This standard is an Australian specific standard with no international
More informationING Office Fund Extraordinary Unitholder Meeting
ING Office Fund Extraordinary Unitholder Meeting 2 April 2009 Times Square, 16-18 Mort Street, Belconnen ACT Agenda Purpose of meeting Market update Results and portfolio review Formal business - Resolution
More informationOur authorisation and permission details can be found on the FCA website at www.fca.gov.uk.
is authorised and regulated by the Financial Conduct Authority (FCA), FRN: 595450. We are also regulated under the Market in Financial Instruments Directive (MiFID) in regards to other offices within the
More informationING OFFICE FUND Acquisition of Bastion Tower, Brussels and Institutional Placement of $70.0m
ING OFFICE FUND Acquisition of Bastion Tower, Brussels and Institutional Placement of $70.0m 1 November 2007 0 DISCLAIMER NOT FOR DISTRIBUTION OR RELEASE IN THE UNITES STATES OR TO U.S. PERSONS This presentation
More informationWhat is a share? Course 1
Course 1 What is a share? Topic 1: What is a share?... 3 A share is simply part ownership of a business... 3 Shareholder rights and benefits... 3 How to decide what to buy... 4 Topic 2: What is the sharemarket?...
More informationEarn income from your shares
Course 8: Earn income from your shares Module 8 Earn income from your shares Topic 1: Introduction... 3 The call writer's obligation... 4 Topic 2: Why write covered calls?... 6 Income... 6 Example... 6
More informationInternational Financial Reporting Standards (IFRS)
FACT SHEET June 2010 IFRS 3 Business Combinations (This fact sheet is based on the standard as at 1 January 2010.) Important note: This fact sheet is based on the requirements of the International Financial
More informationMeasuring Volatility in Australia
CONTRIBUTOR Berlinda Liu Director Global Research & Design berlinda_liu@spdji.com How is VIX computed? Select first and second month OTM puts and OTM calls Compute implied volatility for each maturity
More informationINDEX METHODOLOGY MSCI REIT PREFERRED. Index Construction and Maintenance Methodology for the MSCI REIT Preferred Index.
INDEX METHODOLOGY MSCI REIT PREFERRED INDEX METHODOLOGY Index Construction and Maintenance Methodology for the MSCI REIT Preferred Index December 2014 DECEMBER 2014 CONTENTS 1 Introduction... 3 2 Defining
More informationINSIDER TRADING POLICY. Guidelines with Respect to Certain Transactions in Company Securities
INSIDER TRADING POLICY Guidelines with Respect to Certain Transactions in Company Securities This Policy provides guidelines to all employees, officers and directors of F5 Networks, Inc. and its subsidiaries
More informationModelling and Management of Tail Risk in Insurance
Modelling and Management of Tail Risk in Insurance IMF conference on operationalising systemic risk monitoring Peter Sohre, Head of Risk Reporting, Swiss Re Washington DC, 27 May 2010 Visit of ntuc ERM
More informationMeridian Energy broker presentation
Meridian Energy broker presentation 4 June, 2014 Meridian Energy will this week give a series of presentations to brokers and their clients on its business. The presentation is attached. For media queries,
More informationS&P 500 Low Volatility Index
S&P 500 Low Volatility Index Craig J. Lazzara, CFA S&P Indices December 2011 For Financial Professional/Not for Public Distribution There s nothing passive about how you invest. PROPRIETARY. Permission
More information$24 47.6% BILLION. The Bats-T3 SPY Volatility Index Introducing the SPYIX ( Spikes ) INTRODUCTION. Page 1
The Bats-T3 SPY Volatility Index Introducing the SPYIX ( Spikes ) Page 1 INTRODUCTION The Bats-T3 SPY Volatility Index (SPYIX the Spikes ) is a measure of expected 30-day volatility in the SPDR S&P 500
More informationDISCLAIMER. Any fact, assessment, analysis, forecasts, opinion and other information (collectively Information ) released by:
DISCLAIMER General This website can be accessed worldwide however the information on the website is related to Saxo Capital Markets CY Limited and is not specific to any other country. All clients will
More informationApril 2016. Bruno Jactel, CEO Erica Boisvert, CFO
April 2016 Bruno Jactel, CEO Erica Boisvert, CFO OUR MISSION TYRATECH Is a life science technology company focused on: pesticide-free products to control insects and parasites 1 ton of pesticide per person/year!
More informationJPMORGAN VALUE OPPORTUNITIES FUND, INC. JPMORGAN TRUST II JPMorgan Large Cap Value Fund (All Share Classes)
JPMORGAN VALUE OPPORTUNITIES FUND, INC. JPMORGAN TRUST II JPMorgan Large Cap Value Fund (All Share Classes) Supplement dated October 15, 2013 to the Summary Prospectuses dated November 1, 2012, as supplemented
More informationUnderstanding Options Trading. ASX. The Australian Sharemarket
Understanding Options Trading ASX. The Australian Sharemarket Disclaimer of Liability Information provided is for educational purposes and does not constitute financial product advice. You should obtain
More informationInsider Trading Policy
Insider Trading Policy FEBRUARY 2014 Table of Contents 1. Introduction... 2 2. Insider Trading Restrictions... 2 a) Insider Trading Restrictions... 2 b) Material Information... 3 c) Persons in Special
More informationStocks: Quick-start guide part 3 - Orders & Tickets
Saxo Academy Stocks: Quick-start guide part 3 - Orders & Tickets academy.tradingfloor.com 1. By clicking on one of the icons you can place a related Limit order and Stop order respectively. Once you have
More informationTHE RELATIONSHIP BETWEEN MSCI EMERGING MARKETS INDEX, mini MSCI EMERGING MARKETS INDEX FUTURES AND THE ishares MSCI EMERGING MARKETS ETF
WHITE PAPER THE RELATIONSHIP BETWEEN MSCI EMERGING MARKETS INDEX, mini MSCI EMERGING MARKETS INDEX FUTURES AND THE ishares MSCI EMERGING MARKETS ETF Sponsored by Table of Contents Executive Summary 1 What
More informationUnderstanding the 2013 Year-End Distributions Table
Understanding the 2013 Year-End Distributions Table Year-end distribution overview Q. What is Fidelity doing this year with regard to providing information on mutual fund distributions to Fidelity fund
More informationAttorney Fee Deferral Plan
Attorney Fee Deferral Plan ABOUT US Havelet is an independently owned assignment company based in Barbados. We provide periodic payment solutions to attorneys who wish to structure receipt of their contingent
More informationHybrids (1): Preference shares
Course #: Title Module 5 Hybrids (1): Preference shares Topic 1: Overview... 3 Why invest in preference shares?... 3 What is a preference share?... 3 What is a preference share? (cont)... 4 Buying preference
More information