The French at BRD-SocGen have expanded their offer by adding the trading of derivatives - i.e. options. The bank's Board of Directors made the decision as early as December last year, and in February, it received an approval from the NBR (National Bank of Romania). With the liberalisation of the capital account and a rise in exchange rates and interest rates fluctuations, derivatives, which can help shield buyers against such risks have begun to gain ground. The option contract gives the buyer the right to buy (through the Call option) or sell (through the Put option) the underlying asset at the exercise price within a set period of time, in exchange for the premium paid when the transaction was closed. In both cases, the decision to carry out the contract or to annul it rests with the buyer. The first banks, which included complex derivatives such as options in their offers, were HVB Bank and ABN Amro, which took this step as early as in the autumn of 2005.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
