翻訳と辞書 Words near each other ・ Asian Music Circle ・ Asian Music Circuit ・ Asian Muslims Human Rights Bureau ・ Asian narrow-headed softshell turtle ・ Asian nations at the FIFA World Cup ・ Asian Netball Championships ・ Asian Network of Major Cities 21 ・ Asian New Star Match ・ Asian News International ・ Asian Nigerian ・ Asian of the Century ・ Asian Open ・ Asian Open (tennis) ・ Asian Open Championship (Brazilian jiu-jitsu) ・ Asian openbill ・ Asian option ・ Asian ostrich ・ Asian Pacific American ・ Asian Pacific American Bar Association Educational Fund ・ Asian Pacific American Heritage Festival ・ Asian Pacific American Heritage Month ・ Asian Pacific American Labor Alliance ・ Asian Pacific American Librarians Association ・ Asian Pacific American Medical Student Association ・ Asian Pacific Children's Convention ・ Asian Pacific Internet Exchange Association ・ Asian Pacific Islander Queer Women and Transgender Community ・ Asian Pacific Journal of Cancer Prevention ・ Asian Pacific League for Freedom and Democracy ・ Asian Pacific Mathematics Olympiad Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Asian option ： ウィキペディア英語版 Asian option An Asian option (or ''average value'' option) is a special type of option contract. For Asian options the payoff is determined by the average underlying price over some pre-set period of time. This is different from the case of the usual European option and American option, where the payoff of the option contract depends on the price of the underlying instrument at exercise; Asian options are thus one of the basic forms of exotic options. One advantage of Asian options is that these reduce the risk of market manipulation of the underlying instrument at maturity .〔Kemna et al. 1990, p 1077〕 Another advantage of Asian options involves the relative cost of Asian options compared to European or American options. Because of the averaging feature, Asian options reduce the volatility inherent in the option; therefore, Asian options are typically cheaper than European or American options. This can be an advantage for corporations that are subject to the Financial Accounting Standards Board revised Statement No. 123, which required that corporations expense employee stock options. == Etymology == In the 1980s Mark Standish was with the London-based Bankers Trust working on fixed income derivatives and proprietary arbitrage trading. David Spaughton worked as systems analyst in the financial markets with Bankers Trust since 1984 when the Bank of England first gave licences for banks to do foreign exchange options in the London market. In 1987 Standish and Spaughton were in Tokyo on business when "they developed the first commercially used pricing formula for options linked to the average price of crude oil." They called this exotic option, the Asian option, because they were in Asia. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Asian option」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.