Latest posts
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Timing risk with transaction cost
Mr Kissell and Mr Glantz use timing risk to represent the uncertainty of the transaction cost estimate. The two main sources of uncertainty are volatility of both the asset’s price and of the trade volume but there are also other factor like spread risk especially if we are in fast market like in the last…
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The environmental markets
THE ENVIRONMENTAL MARKETS The emergence of exchanges like GIX is part of a broader context related to environmental markets. Environmental commodities are tradable goods that represent a specific environmental benefit, such as carbon credits or renewable energy certificates (RECs). These commodities are fundamental tools for companies seeking to achieve sustainability goals, reduce carbon footprints, or…
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Yield to worst
THE DEFINITION OF YTW: WHAT IS IT? The Yield to Worst (YTW) is the minimum potential return that an investor can receive on a bond without the issuer defaulting. It considers scenarios where the issuer might redeem the bond early, for example, through a call provision (Yield to Call – YTC). It is the lower…