澳洲assignment代写: 衍生证券转让调查XIV ETN
2018年2月5日,星期一,VelocityShares Daily Inverse VIX短期交易所交易票据(XIV)下跌超过80%。瑞士信贷(credit suisse)发行的这种证券,本应获得与cboe波动率指数(vix)相反的回报,后者是市场广泛采用的风险衡量指标。
2019年,瑞士信贷计划聘请一个外部咨询团队,由悉尼大学(University of Sydney)FINC6010课程的学生成员组成,调查XIV ETN(交易所交易票据)的崩溃。
1.什么是波动性?波动率指数衡量什么?
2.如何构建VIX指数?
3.以前(2003年9月之前)VIX指数是如何构建的?
4.VIX期货合约如何运作?
5.VIX选项如何工作?
6.如何使用VIX期货或VIX期权来押注VIX指数(押注VIX指数会下跌)?
7.现在考虑XIV ETN(交易所交易票据)。XIV跟踪的基础资产(指数)是什么?
8.如果没有赎回或加速,XIV ETN何时到期?
9.什么是XIV ETN的提前赎回?谁有提前赎回的权利?
10。XIV ETN的加速事件是什么?
11。2018年2月XIV熔毁是否与加速事件有关?如果是/否,请提供一些详细信息。
12。XIV ETN是否适合希望持有XIV ETN至到期的长期投资者?为什么?2018年2月5日,瑞士信贷(Credit Suisse)在XIV危机中遭受了巨大损失吗?提供你的理由。
澳洲assignment代写: 衍生证券转让调查XIV ETN
Derivative Securities Assignment
The VelocityShares Daily Inverse VIX Short-Term exchange-traded note (XIV) was down more than 80 percent on Monday, Feb 5 2018. The security, issued by Credit Suisse, was supposed to give the opposite return of the Cboe Volatility index (VIX), the market’s widely followed risk measure.
In 2019, Credit Suisse plans to hire an external consulting team, with student members from University of Sydney’s FINC6010 course, to investigate the meltdown of XIV ETNs (exchange-traded notes).
1. What is volatility?What does VIX index (Cboe Volatility Index) measure?
2. How to construct VIX index?
3. How VIX index was constructed previously (before September 2003)?
4. How do VIX futures contracts work?
5. How do VIX options work?
6. How to use VIX futures or VIX options to bet against VIX index (bet that VIX index will go down)?
7. Now consider XIV ETNs (exchange traded notes).What is the underlying asset (index) that XIV tracks?
8. When will the XIV ETNs mature if they are notredeemed or accelerated?
9.What is early redemption for XIV ETNs? Who has the early redemption right?
10. What is the acceleration event for XIV ETNs?
11. Was XIV meltdown in Feb, 2018 associated to an acceleration event? If yes/no, provide some details.
12. Are XIV ETNs suitable for long-term investors who want to hold XIV ETNs to maturity? Why? On Feb 5, 2018, did Credit Suisse suffer huge losses on XIV meltdown?Provide your reasoning.
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