introducere in instrumente financiare derivate - Bursa de valori ...
introducere in instrumente financiare derivate - Bursa de valori ...
introducere in instrumente financiare derivate - Bursa de valori ...
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SC <strong>Bursa</strong> <strong>de</strong> Valori Bucuresti SA<br />
Denumire Element Indici Bursieri Actiuni Curs Valutar<br />
Pretul Zilnic <strong>de</strong><br />
Decontare<br />
1. pretul <strong>de</strong> licitatie al IFD - algoritm <strong>de</strong> fix<strong>in</strong>g <strong>in</strong> etapa INCHIDERE;<br />
2. pretul mediu pon<strong>de</strong>rat cu numarul <strong>de</strong> contracte corespunzatoare:<br />
ultimelor 5 tranzactii (daca nr. tranzactii > 5)<br />
toate tranzactiile <strong>in</strong>cheiate (daca nr. tranzactii < 5)<br />
3. pretul ord<strong>in</strong>elor <strong>de</strong> bursa active (daca nu se <strong>in</strong>cheie nicio tranzactie);<br />
4. pretul <strong>de</strong> <strong>de</strong>contare d<strong>in</strong> sed<strong>in</strong>ta <strong>de</strong> tranzactionare anterioara;<br />
5. pret teoretic stabilit <strong>de</strong> CCB (<strong>in</strong> conditii speciale).<br />
Pretul F<strong>in</strong>al <strong>de</strong><br />
Decontare<br />
Pretul mediu al<br />
tuturor <strong>valori</strong>lor<br />
<strong>in</strong>dicelui d<strong>in</strong> ultima<br />
ora <strong>de</strong><br />
tranzactionare d<strong>in</strong><br />
data sca<strong>de</strong>ntei<br />
Pretul mediu pon<strong>de</strong>rat cu<br />
volumul pentru toate<br />
tranzactiile <strong>in</strong>cheiate <strong>in</strong> data<br />
sca<strong>de</strong>ntei <strong>in</strong> piata pr<strong>in</strong>cipala<br />
adm<strong>in</strong>istrata <strong>de</strong> BVB<br />
Cursul pietei<br />
valutare<br />
<strong>in</strong>terbancare stabilit<br />
<strong>de</strong> BNR la data<br />
sca<strong>de</strong>ntei<br />
Specificatiile <strong>de</strong>taliate ale contractelor futures tranzactionate la BVB se gasesc pe site-ul www.bvb.ro,<br />
sectiunea Reglementari.<br />
Parametrii <strong>de</strong> tranzactionare si <strong>de</strong> clear<strong>in</strong>g ai tuturor contractelor futures tranzactionate la BVB se gasesc pe<br />
site-ul www.bvb.ro, la Pag<strong>in</strong>a Derivatelor, sectiunea Tranzactionare/ Produse/ Marje si alti parametri IFD.<br />
3. Avantajele tranzactionarii contractelor futures la BVB<br />
Tranzactionarea <strong>in</strong>strumentelor f<strong>in</strong>anciare <strong><strong>de</strong>rivate</strong> <strong>in</strong> cadrul Pietei Derivatelor adm<strong>in</strong>istrata <strong>de</strong> <strong>Bursa</strong> <strong>de</strong><br />
Valor Bucuresti (BVB) si compensarea-<strong>de</strong>contarea pr<strong>in</strong> Casa <strong>de</strong> Compensare Bucuresti (CCB) confera<br />
<strong>in</strong>vestitorilor si <strong>in</strong>termediarilor urmatoarele avantaje:<br />
Piete reglementate <strong>in</strong>tegrate (Piata Spot si Piata Derivatelor)<br />
tranzactionarea pr<strong>in</strong>tr-o platforma electronica <strong>in</strong>tegrata <strong>in</strong> timp real a <strong>in</strong>strumentelor f<strong>in</strong>anciare<br />
<strong><strong>de</strong>rivate</strong>, cat si a activelor suport corespunzatoare;<br />
set comun <strong>de</strong> reglementari si proceduri tehnico-operationale aplicabile ambelor piete<br />
reglementate adm<strong>in</strong>istrate <strong>de</strong> BVB;<br />
mecanismelor transparente <strong>de</strong> <strong>de</strong>scoperire a pretului si adm<strong>in</strong>istrare a pietelor la standar<strong>de</strong><br />
<strong>in</strong>ternationale.<br />
Sisteme electronice performante<br />
fiabilitatea sistemelor electronice adm<strong>in</strong>istrate <strong>de</strong> BVB (ARENA) si CCB (ARENA Clear<strong>in</strong>g<br />
House) confera siguranta <strong>in</strong> <strong>de</strong>rularea operatiunilor cu <strong>in</strong>strumente f<strong>in</strong>anciare <strong><strong>de</strong>rivate</strong>;<br />
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