KIS 채권평가 - Beyond Pricing
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Introduction
Introduction
- KIS Pricing
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Asset Pricing
Asset Pricing
- Bond Pricing
- Alternative Product Pricing
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Fund Evaluation
Fund Evaluation
- Bond Index
- ETF
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Solution
Solution
- Solution Service
- Consulting Service
- Contents Service
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Beyond Pricing
Beyond Pricing
- KIS-Net
- Data Providing
Asset Pricing
SWAP
FX Forward
fixing future currency exchange rate in present day
CRS
exchanges of interest between two currencies
IRS
exchanges of interest between the same currency
FX Forward / SWAP usage
- Means to solve currency risk and settlement problems at expiration
- Ex) Investing US-issued bonds (buying positions), take FX forward sell position positions to prevent loss from KRW revaluation
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- Risk management example
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inform of Position, forecast, Risk Management Position forecast Risk Management Fixed rate asset Rate Hike Fixed Rate → Float Rate
FX Swap (FX Buy & Sell)
IRS & CRS Trade
- IRS : coupon swap(Fixed VS float), Basis Swap(Float VS Float)
- CRS : Basis Swaps are traded in following types Float VS Float, Fixed VS Float. Fixed VS Fixed
- Floating rate index represented by short-term interest rates of the country (ex KRW:. CD91D, USD: Libor, etc.)
