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Record Nr. |
UNINA9910788227703321 |
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Autore |
Adelegan Olatundun Janet |
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Titolo |
The Derivatives Market in South Africa : : Lessons for Sub-Saharan African Countries / / Olatundun Janet Adelegan |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-8199-5 |
1-4518-7343-3 |
1-4527-9143-0 |
9786612844041 |
1-282-84404-0 |
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Descrizione fisica |
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1 online resource (36 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Derivative securities - South Africa |
Risk management - South Africa |
Finance: General |
Investments: Futures |
Investments: Options |
Foreign Exchange |
General Financial Markets: General (includes Measurement and Data) |
Contingent Pricing |
Futures Pricing |
option pricing |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
Finance |
Derivative markets |
Futures |
Options |
Futures markets |
Over-the-counter markets |
Financial markets |
Financial institutions |
Derivative securities |
Financial instruments |
South Africa |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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 flows. Theiroverdependence on bank credit as a source of funding could be reduced and their management of seasonal risk could be improved through the introduction of commodity futures. However, these markets must be appropriately regulated and supervised. Since such markets would likely be small, consideration should be given to the establishment of a regional derivatives market. |
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