The [Korea goyounghun financial newspaper reporters - even when share prices listed on the loss is limited to a certain level of 'loss limit ETN' 15 securities markets stocks coming 27 days.
The loss limit ETN (exchange traded bonds) is based goods index fell below a certain level, even if the minimum redemption amount paid to the agreed level prior to the expiration time.
ELS to complement the disadvantages (such as low hwangeumseong of the equity-linked securities) is significant in providing a Medium risk products with varying profit, median earnings structure for investors. Index ETN · Tracking can be seen as a distinct product from the ETF.
Samsung Securities and Mirae Asset is treated, NH Investment & Securities and Korea Investment & Securities, including four issuers and listed a total of 15 events with various revenue structure. Full-scale issuance is 7 billion won to 105 billion won each event. Samsung Securities, Daewoo, Mirae Asset, NH Investment & Securities 4 events each, Korea Investment & Securities is expected to be traded three stocks.
Revenue type of structure is also configured in a variety of forms, such as calls, call spreads, put, jogisang cyclic stocks and butterfly.
Investors seeking income from goods of various structures depending on the outlook of the stock market and it is possible to hedge risks. Korea Stock Exchange officials said that by investing in a product while limiting the loss of a certain level, the stock market rise or fall as well as possible in the pursuit of profits trapped in range-bound situation, the utilization of risk management is difficult for individual investors to expect market volatility.
Used in over-the-counter market with alternative products Medium risk. ELS products popular in the median profit or limit losses as a principal part of a similar structure as ELS guaranteed a certain level, but it is possible in real-time marketing intestine.
Based index contrast structures that set the expiration or loss if held until maturity and then invest ₩ 10,000 based on the issue price, the market price if the sale between the final trading day from the Date of listing may look different yields.
Based index level is maintained even may result in gains or losses due to time value changes of options, such as the time until expiration has elapsed after buying, securities issued by companies because securitized derivatives of unguaranteed, unsecured nature that credit risk investments It should ensure the financial soundness considerations of the issuer.
A fair valuation shall publish the arithmetic mean of the two companies to evaluate the price of an external evaluation indicator values and real-time index values. Also, if early repayment occurs because it determines whether the index based on the closing price of the day early redemption evaluation index based on intraday basis will be available for the early redemption based on the closing price index is not available for the early redemption based on early redemption does not occur.
The index is based, except when traded securities or exchange-traded derivatives, such as the case of based on valuation due to the fluctuation of the index based pricing based on the tax base.
Exchange Securities Market Division Securities commodity markets unit goyoungjin said, "you can see the indirect investment in tough investors to invest directly in derivatives such as futures and options, due to the risk of loss, including the loss limit ETN investment" and introduced a "loss limit ETN will be able to grow into structured products market, which is linked to a variety of merchandise trade revenue structure, "he said.
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