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

Year 2008, Issue: 40, 131 - 142, 01.10.2008

Emine Şule Aydeniz

Abstract

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.

Keywords

Gelecek (Futures) İşlemleri Baz Riski Riskten Korunma (Hedging) Uzun ve Kısa Korunmacı.

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

Year 2008, Issue: 40, 131 - 142, 01.10.2008

Emine Şule Aydeniz

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.

Keywords

Futures Trades Basis Risk Hedging Long and Short Hedger.

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Details

Other ID JA26JD88UP
Journal Section Research Article
Authors

Emine Şule Aydeniz This is me

Publication Date October 1, 2008
Submission Date October 1, 2008
Published in Issue Year 2008 Issue: 40

Cite

APA 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). The Journal of Accounting and Finance(40), 131-142.
AMA Aydeniz EŞ. Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007). The Journal of Accounting and Finance. October 2008;(40):131-142.
Chicago Aydeniz, Emine Şule. “Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007)”. The Journal of Accounting and Finance, no. 40 (October 2008): 131-42.
EndNote Aydeniz EŞ (October 1, 2008) Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007). The Journal of Accounting and Finance 40 131–142.
IEEE E. Ş. Aydeniz, “Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007)”, The Journal of Accounting and Finance, no. 40, pp. 131–142, October 2008.
ISNAD Aydeniz, Emine Şule. “Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007)”. The Journal of Accounting and Finance 40 (October 2008), 131-142.
JAMA Aydeniz EŞ. Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007). The Journal of Accounting and Finance. 2008;:131–142.
MLA Aydeniz, Emine Şule. “Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007)”. The Journal of Accounting and Finance, no. 40, 2008, pp. 131-42.
Vancouver Aydeniz EŞ. Basis Risks of the Currency Futures Contracts and Their Effect of the Hedging Trades in the Turkish Derivatives Exchange: February 2005-August 2007). The Journal of Accounting and Finance. 2008(40):131-42.