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ETF

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Title: Author: U686002 Last modified by: 0627 Created Date: 1/29/2003 2:12:31 AM Document presentation format: A4 (210x297 ) – PowerPoint PPT presentation

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Tags: etf | black | scholes

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Transcript and Presenter's Notes

Title: ETF


1
????????
???????
2
???????????? ???????? ????????????? ?????????????
????????
3
????????????
?? ??
2009?1?5? ??????????
2009?1?5? ????????????????????????
2009?1?5? ?????ETF?TDR?????????????
2009?1?5? ???????????????2,000?????1,000???,???????
4
????????????
?? ??
2010?6?28? ????????????????????
2010?9?1? ????????????????
2011?7?1? ???????
2012?7?1? ??????????
2012?11?5? ????????
2012?11?5? ?????????
2013?7?1? ???????????????
5
??????????
??????? ????????? ????????? ??????? ??????? ????
??? ????????????? ??????? ??(???????)
???(???????)
4
6
??????????
???????
  • ??????????
  • ??????
  • ????
  • ETF
  • ?????????????????

5
7
??????????
??????
  • ?????????,?????????????????????,???????????????
  • ??????????1000??????

?????????
  • ???????????????????1.425?
  • ?????????????????1?

6
8
??????????
??????????
????????????5?,????????10.2,????????????15?,?????
???????
??
???? ????
???? 15(17)16.05 15(1-7)13.95
???? 5(16.05-15)0.25.2 5-(15-13.95)0.24.79
???? 5(15-13.95)0.25.2 5-(16.05-15)0.24.79
??????16-151.05 ??????15-13.951.05
7
9
??????????
??????????5??????1??????????????,???????????,?????
???????????????
  • ????

????????
????????????10??????10??
????10??20????5??
????20??????1??
  • ????????
  • 1.?????????
  • 2.?????????
  • 3.???????????????,??????????
  • 4.?????,???????0.01??????????

8
10
?????????????
???? ???? ???? ???? ???
???? ???? ??? ??? ???
???? ???? ????? ????? ?????
???? ???? 6???2? 6???2? 3???2?
????? ????? ? ??????? ???????(??)
????? ????? ? ??????? ???????(??)
?????? ?????? ? ?? ??
??? ?? ??? ? ???? ???? ????????????????
??? ?? ?? ????? ????? ?????
??? ??? ???60???(??)?????? ???60???(??)?????? ???60???(??)??????
????? ????? ?????,?black-scholes???? ?????,?black-scholes???? ????,?????????
11
??????????? (????????????????????????????-???)?
???
12
??????????? (???-????????????????????????????)?
???
13
?????????
???????????????????x???????? ??????????????x??
?x(??????/365) x????
14
?????????
?????????????
  • ????????
  • ??????
  • ?????

13
15
?????????
???????
  • ???????????????,???????????????
  • ?????,???????????????,???????????????????????????,
    ?????????

14
16
?????????
???????????
  • ??????????????,?????????
  • ?????????,??????????????
  • ????????????????,???????
  • ??????
  • ?????????????????????
  • --?????????????

14
17
????????????
??????????? ??????????http//www.twse.com.tw/ch/stock_search/warrant_search.php ???????? http//warrants.sfi.org.tw/links.aspx ??????????? http//warrants.sfi.org.tw/links.aspx ??????? http//newmopsov.twse.com.tw/
18
????????????
???? ???? ???? ????
???? ??????? ????? ????
???? ?????? ?????? ????
???? ?????? ????? ?????????
?????? ???????? ??????
????? ???????? ??????
?????? ???????? ?????
???????? ?????
???????? ?????
????? ??????25?,???? ????????????B-S???? ???????????????????????
? ? ? ?
19
????????????
????
????????????
?????
????
18
20
????
19
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