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The applicability, purpose and impact of bond options : the South African perspective

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dc.contributor.advisor Mynhardt, Ronald Henry
dc.contributor.advisor Marx, Johan Erasmus, Coert 2015-04-15T12:06:06Z 2015-04-15T12:06:06Z 2014-11
dc.identifier.citation Erasmus, Coert Frederik (2014) The applicability, purpose and impact of bond options : the South African perspective, University of South Africa, Pretoria, <> en
dc.description.abstract In South Africa, over-the-counter (OTC) bond options may be used in order to either hedge or speculate. However, since 2001, this market deteriorated significantly. The current research assessed the role of the local bond option market, reasons for the deterioration of the South African OTC bond option market, and how this bond option market could possibly be restored as a primary hedging instrument. The opinions of individuals operating in this market were obtained using a questionnaire. In the opinion of the respondents, wide bid–offer spreads, regulatory interferences and poor participation within this market caused market deterioration. The market could be restored as a hedging instrument if effective market integration exists, interbank trading regularly takes place, liquidity was enhanced, transparency increased and investor knowledge improved. Future research could focus on regulatory transformation, the types of derivatives used for hedging, and an assessment of appropriate continuous professional development interventions for investors. en
dc.format.extent 1 online resource (xvi, 224 leaves) : color illustrations
dc.language.iso en
dc.subject Bond option en
dc.subject Bond en
dc.subject Derivatives en
dc.subject Deterioration en
dc.subject Emerging market economy en
dc.subject Improvement en
dc.subject Johannesburg Stock Exchange (JSE) en
dc.subject Opinions en
dc.subject Over-the-counter en
dc.subject South Africa en
dc.subject.ddc 332.63230968
dc.subject.lcsh Investment analysis -- South Africa en
dc.subject.lcsh Bonds -- South Africa en
dc.subject.lcsh Bond market -- South Africa en
dc.subject.lcsh Bonds -- Ratings and rankings -- South Africa en
dc.subject.lcsh Johannesburg Stock Exchange en
dc.title The applicability, purpose and impact of bond options : the South African perspective en
dc.type Dissertation en
dc.description.department Business Management en M. Com. (Business Management)

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