结构性理财产品

并依据Black-Scholes模型、二叉树模型和蒙特卡罗模拟对结构性理财产品的定价问题进行了深入的研究。

And conducted in-depth research according to Black-Scholes model , binomial model and Monte Carlo simulation on the pricing of structured products .

并通过Delta-Gamma-Vega对冲法和VaR风险价值法等对银行结构性理财产品风险管理开展了研究。

And research was undertaken through the Delta-Gamma-Vega VaR risk hedging method and the value of law on banks and other major methods of risk management structured products .

我国引入结构性理财产品较晚，但发展十分迅速。

Our country introduced it a little late but it developed rapidly .

结构性理财产品的发展历史悠久，最早的形态是可转换债券，即债券与股票期权相结合。

It has a long history . The earliest form is Convertible Bond .

因此，发展中间业务逐渐成为国内银行的重要任务，而外汇结构性理财产品作为中间业务主要品种之一，成为发展的关键。

Consequently , developing intermediate service is an important task for domestic banks .

第3章主要研究股票挂钩型结构性理财产品定价原理。

In Chapter 3 , we focus on the pricing principle of equity-linked structured products .

但在发展过程中，我国结构性理财产品存在一些问题，制约了市场发展。

But , there are also many problems with the products , which block market development .

结构性理财产品作为一种个人理财产品，最早产生于美国。

As personal financial products , structured products were produced in the United States at first .

结构性理财产品的构造原理和功能优势保证了其持久的生命力和巨大的发展空间。

For its principle and function , structured financial product has lasting vitality and huge space of development .

在对产品各部分分别定价后，理论上通过将各部分价格相加，我们可以得到结构性理财产品的价格。

At last , we add up these two parts and the price of the structured products is acquired .

结构性理财产品的发展是我国商业银行改革的一大进步，有利于银行在控制风险的基础上扩大中间业务收入。

The development of structured product is a big progress of domestic commercial banks . The non-risk income is increased .

结构性理财产品是一种结合固定收益证券和金融衍生品的新型投资理财工具。

Structured financial product is a new kind of investment tool , which combines fixed income securities and financial derivative .

在总结结构性理财产品各种特点的基础上，分析了其主要存在的风险类别和风险管理方法。

Summing up the characteristics of structured products , analysis of structured products in domestic banks mainly in the risk categories and risk management .

银行通过设计和发行结构性理财产品，可以获得固定的收益，并不需要承担产品风险；而投资者购买了产品，在获取预期收益的同时也承担了产品的全部风险。

Banks can obtain fixed income by designing and selling structured products without risk , while investors take all the market risks and anticipated proceeds .

因此，不论是投资者还是银行都将结构性理财产品看成了高收益，低风险的理性产品，对其期望颇高。

Thus , either investors or banks view structured financial products and rational products as products of high-yield and low risk and have high expectations about them .

本文以国内金融行业全面开放，银行业竞争加剧为时代背景，对银行结构性理财产品的定价和风险管理进行了深入细化的研究。

With a fully opened the domestic financial sector and the increasing fierce banking competition , this article carries out specific research in pricing and risk management of structured financial products .

比如，确立金融消费者的法律概念，完善结构性理财产品的审批制度，制定结构性理财产品信息披露的标准等。

For example , the establishment of the concept of financial consumers , and the improvement of the approval system for structured finance-management , the setting of the standards of information disclosure .

并以恒生银行发行的一款汇率挂钩型理财产品为例进行实证研究，从而印证模糊综合评估法在结构性理财产品风险评估的有效性。

Then , through an empirical analysis of financial products issued by Hang Seng Bank , which confirms the fuzzy comprehensive evaluation method for risk assessment of the effectiveness of the structured financial products .

第五部分通过总结国内银行结构性理财产品的发展历程和现状的基础上，对所存在的问题进行全方位剖析。

Part ⅴ Summary of domestic banks by the development of structured products based on the history and current situation , to conduct comprehensive analysis of the problems structured financing products for domestic banks .

结构性理财产品是将固定收益证券的特征与衍生交易特征融为一体的新型理财产品，可以满足不同投资者的需求，是商业银行理财产品的重要部分。

Structured financial product of commercial banks is a new financial product , which combines the features of fixed return securities and financial derivatives . It will meet demands of different investors and is the substantial part of financial product .

结构性理财产品通过将固定收益产品与期权结合，使得其投资收益与标的关联资产的价格波动相联系，在保障本金的同时赚取较高的投资收益率。

Gearing effect has occurred between the ROI of structured products and the price volatility of the related assets linked to the object through the combination of fixed-income securities and options , which can get principal protection or higher ROI to some extent .

结构性理财产品是固定收益与衍生品的结合，投资于固定证券部分的资金为投资本金提供了保障；另一方面，衍生品部分的高杠杆性又使赚得高收益成为可能。

Structured financial products are combinated by fixed income and derivatives , investment has provided a guarantee for the capital invested in the fixed part of the funds in securities ; the other hand , part of the highly leveraged derivatives may earn high income .

随着国家外汇储备的迅速增长和国内外汇投资理财需求的提升，外汇结构性理财产品作为高灵活性、高收益性等特点逐渐成为外汇投资理财者的新宠。

As the rapid increase of national foreign exchange reserve and the growing demand for domestic foreign exchange investment , foreign exchange structured deposits , which is characterized by its high flexibility and high yield , is gradually becoming a hot choice for foreign exchange investors .

投资者该如何正确识别商业银行结构性存款的投资风险，从种类繁多的产品中选择？商业银行如何对结构性产品进行风险管理？了解结构性理财产品的设计和风险是本研究的主要动机。

How the Investors correctly identify the investment risks of structured deposits , from a wide variety of products to choose ? And how the Commercial Banks manage the risk of the structured products ?

结构性产品（StructuredProducts）是近三十年来国际金融领域最重要的金融创新工具之一，中国自2001年首次以外汇结构性存款的形式开始了针对境内个人的结构性理财产品的试点发行工作。

Structured Products are one of the most important financial innovations for the past three decades in the field of international finance . Since 2001 , China has embarked on structured financial products pilot issuance for domestic individuals in the form of currency structured deposits .