1.

Record Nr.

UNINA9910463996203321

Autore

Adelegan Olatundun Janet

Titolo

The derivatives market in South Africa [[electronic resource] ] : lessons for Sub-Saharan African countries / / prepared by Olatundun Janet Adelegan

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, Monetary and Capital Markets Dept., 2009

ISBN

1-4623-8199-5

1-4518-7343-3

1-4527-9143-0

9786612844041

1-282-84404-0

Descrizione fisica

1 online resource (36 p.)

Collana

IMF working paper ; ; WP/09/196

Disciplina

332.63

332.63228

Soggetti

Derivative securities - South Africa

Risk management - South Africa

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"September 2009."

Nota di contenuto

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Background; III. Current State of the Market; 1. South Africa: Share of Emerging Market Over-the-Counter Derivatives, 2007; 1. Trading Volume of Over-the-Counter Derivatives in South Africa, 2001-07; 2. South Africa: Trading Volume of Exchange-Based Traded Derivatives, 2007; 2. Trading Volume of Exchange Based Options and Future Contracts in South Africa, 2001-2008; 3. Change in Exchange-Based Derivatives in South Africa 2001-07; 4. Economic and Capital Market Growth Rates in South Africa, 2001-06

5. Notional Amount of the Exchange-Traded Derivatives in South Africa 6. Rankings in Ease of Doing Business, Protecting Investors, and Enforcing Contracts in Selected Sub-Saharan African Countries for 2008; IV. Current Issues Affecting the Future of the Market; V. Lessons for Countries of Sub-Saharan Africa from South Africa's Experience; VI.



Conclusion; References; Footnotes

Sommario/riassunto

This paper examines the role of the derivatives market in South Africa and provides policy options for promoting the development of derivatives markets in sub-Saharan Africa. South Africa's derivatives market has grown rapidly in recent years, supporting capital inflows and helping market participants to price, unbundle and transfer risk. There are tight regulations on asset allocations by insurance and pension funds to prevent excessive risk taking. The development of derivatives markets in sub-Saharan African countries could enable market participants to self-insure against volatile capital