中大機構典藏-NCU Institutional Repository-提供博碩士論文、考古題、期刊論文、研究計畫等下載:Item 987654321/78574
English  |  正體中文  |  简体中文  |  Items with full text/Total items : 78728/78728 (100%)
Visitors : 33542418      Online Users : 2342
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version


    Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/78574


    Title: 人民幣 TRF 之探討:設計方法、交易動機、交易爭議原因、交易相關建議及定價與風險分析;Research on the Renminbi Trf: Design Method, Trading Motive, Trading Controversy, Pricing and Risk Management.
    Authors: 吳庭斌
    Contributors: 國立中央大學財務金融學系
    Keywords: 目標可贖回遠期合約;匯率模型;衍生性商品定價;Target Redemption Forwards;Exchange Rate Model;Pricing for Derivative Securities
    Date: 2018-12-19
    Issue Date: 2018-12-20 12:05:37 (UTC+8)
    Publisher: 科技部
    Abstract: 依據商業周刊統計資料得知,全台有3,797 家中小企業因購買TRF 受到嚴重的財務損失,由此數 據可知,TRF 似乎不是個案問題,而是個結構性問題。台灣於2009 年亦曾發生大規模的結構債交易 爭議,當時金融監管當局制訂了一系列的交易規範,如今TRF 又重創台灣中小企業,可見當時制定的 交易規範尚有不足之處。本文將基於嚴謹財務工程理論,分析探討TRF 的設計原理、交易的合理性、 定價分析與風險分析,使投資人、銀行與主管機關透過本文能更深入的了解TRF 契約,並探討TRF 交易爭議之原因,最後提出相關建言,希冀對台灣金融業未來發展衍生性商品交易能有實際幫助。 ;According to the Business Weekly magazine (2016/08), there are 3,797 small and medium enterprises in Taiwan suffering from serious financial losses due to the trading of TRF contracts. Based on this data, it seems that the controversy of trading TRFs is not an individual-case but a structural problem. In 2009, a great controversy of trading structured notes had occurred in Taiwan, and the financial supervisory authority made some trading standards. However, in 2015 the TRF contracts hurt the small and medium enterprises in Taiwan again, which shows that there still exist some problems of the trading of derivative securities in the financial market in Taiwan. To solve these problems, this paper, based on the rigorous theory of financial engineering, will examine the design principles of the TRF contracts, the rationality of transaction, pricing analysis and risk analysis for the investors, banks and the financial supervisory authority to help them understand the TRF more deeply and find the causes of the TRF controversy. Finally, the conclusion and some suggestions will be presented and it is hoped that the study can help the development the financial industry in Taiwan.
    Relation: 財團法人國家實驗研究院科技政策研究與資訊中心
    Appears in Collections:[Department of Finance] Research Project

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML316View/Open


    All items in NCUIR are protected by copyright, with all rights reserved.

    社群 sharing

    ::: Copyright National Central University. | 國立中央大學圖書館版權所有 | 收藏本站 | 設為首頁 | 最佳瀏覽畫面: 1024*768 | 建站日期:8-24-2009 :::
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 隱私權政策聲明