| 词条 | Replicating strategy |
| 释义 |
In Finance a Replicating Strategy of a particular financial instrument is a set of liquid, usually exchange-traded assets with the same net profit. References1. ^© Copyright 1996, 1999 Gary L.Gastineau. First Edition.''© 1992 Swiss Bank Corporation. Definition :A dynamic trading strategy that shifts a portfolio's exposure between a riskless and a risky asset or between two or more risky assets in order to produce the same payoff function as another strategy or asset. Portfolio insurance, for example, which shifts a portfolio between a riskless and a risky asset, is designed to produce the same payoff function a protective put option strategy. Replicating strategies are used by dealers to hedge the risk exposure that arises from writing options. [1]Self financingAdmissibleVt=(St-K)>0{{finance-stub}} 1 : Financial markets |
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