Weather Derivatives
2-1. The Need for Weather Derivatives
2-2. Weather Derivative Deals and Their Growth
2-3. Benefits of Weather Derivatives
2-4. An Example – Temperature Derivatives
1) Measuring daily index value
HDD(Heating Degree Day) = Max(0, B-X)
CDD(Cooling Degree Day) = Max(0, X-B)
X: a day’s average temperature, B: base temperature(65oF)
Exotic Derivatives u
After the independence; the Civil War
The new concern was raised by three organizations; who is going to be the legal government? It leaded to the Civil War for 27 years, from 1975 to 1992. The MPLA, which supported socialism, was helped by the Soviet Union, and the FNLA and UNITA, which had the power of the US behind. While they had the Civil War, they ruined infrastructure such as roads, harbo
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train their every employees in every
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call customer as 손님 not 고객
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Safari, Flower festival, Indoor water park ‘Caribbean bay’
The workers are the people who knows
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3. 브랜드 파워 (Brandpower)
많은 사람들이 스키리조트 하면 대부분 ‘무주’를 먼저 떠올린다. 무주리조트가 그만큼 유명하고 신뢰를 얻었으며, 그만큼 많은 사람들이 이용하고 있다는 증거이다. 이러한 브랜드 파워를 지녔기 때문에 큰 노력을 기울이지 않아도 관광객이 먼저 무주리조트를 찾게 된다.
X1 = 5,000 Long Put
X2 = 5,650 Short Call
결과-> HDD 4,800
손익-> 5,000 – 4,800 = 200
200 X $6,000 = $120만
Scenario
올해 여름, 평년에 비해 기온이 상승하여 하이트 맥주사의 매출액이 상승했다.
이에 날씨에 따른 이익을 기뻐하던 CEO는 날씨가 하락 했을 경우의 손실에 대해 걱정이 되기 시작하