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Journals / Muhasebe ve Finansman Dergisi / 2008 / Sayı: 40

Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007)

Vadeli İşlem ve Opsiyon Borsası’nda (VOB) Dövize Dayalı Gelecek (Futures) İşlemlerinde Baz Riski ve Riskten Korunma (Hedging) İşlemine Etkisi: Şubat 2005-Ağustos 2007

Emine Şule Aydeniz
Pages
131–142
Publication Date
2008-10-01
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

A company can be foreign exchange risk regarding USD and Euro, opposes however with a basis risk.

📌 3 Key Takeaways

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Objective & Hypothesis:(Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007) A goal of the work is, the basis risk of the USD and Euro futures contracts, which are acted on Turkish derivatives exchange, to determine.
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Key Findings & Data:At the Turkish derivatives exchange between 04.02.2005-31.08.2007 one analyzed, how high the basis risk by USD and Euro futures contracts is.
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Conclusion & Impact:A company can be foreign exchange risk regarding USD and Euro, opposes however with a basis risk.
🔬Design:Research Article
📍Scope:2005 Verileri
⚙️Variables:Gelecek (Futures) İşlemleri · Baz Riski · Riskten Korunma (Hedging)

Abstract

(Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007) A goal of the work is, the basis risk of the USD and Euro futures contracts, which are acted on Turkish derivatives exchange, to determine. At the Turkish derivatives exchange between 04.02.2005-31.08.2007 one analyzed, how high the basis risk by USD and Euro futures contracts is. It was stated that outside of 2006 a high basis risk exists for these contracts. A company can be foreign exchange risk regarding USD and Euro, opposes however with a basis risk.

Özet

Çalışmanın amacı, Amerikan Doları (USD) ve Euro (€) kur riskine karşı korunmak isteyen firmaların Vadeli İşlem ve Opsiyon Borsası’nda (VOB) yaptıkları vadeli işlemin, baz riskine sebep olup olmadığını, sebep oluyor ise baz riskinin derecesini ve riskten korunma işlemine olan etkisini tespit etmektir. 04.02.2005-31.08.2007 arasında VOB’da işlem gören US-$ ve € vadeli sözleşmelerinde 2006 yılı hariç baz riski yüksektir. Firmalar, başarılı riskten korunma işlemine rağmen baz riskinin sebep olduğu zarara maruz kalmışlardır.

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Cite This Article

Aydeniz, E. Ş. (2008). Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007). Muhasebe ve Finansman Dergisi, Sayı: 40, 131–142. https://ajindex.com/articles/45004

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