{"issue":"3","author":[{"full_name":"Pelster, Matthias","orcid":" https://orcid.org/0000-0001-5740-2420","id":"67265","first_name":"Matthias","last_name":"Pelster"},{"last_name":"Schertler","first_name":"Andrea","full_name":"Schertler, Andrea"}],"department":[{"_id":"186"},{"_id":"578"}],"keyword":["cross‐pricing","discount certificate","hedging","issuance decisions","put warrants","structured financial products"],"file_date_updated":"2019-02-06T13:06:50Z","page":"342-365","abstract":[{"text":"We exploit a unique sample of structured financial products (SFPs) to analyze pricing and issuance dependencies among different types of such market‐linked investment vehicles. Our study provides evidence of cross‐pricing between products with complementary payoff profiles. Such dependencies may be explained by issuers’ efforts to generate order flow for products that supplement their current SFP risk exposure. Additionally, we observe issuance patterns in line with the argument that issuers exploit the complementarity payout profiles when bringing SFPs to market. Our study emphasizes cross‐pricing from a perspective not previously considered in the literature.","lang":"eng"}],"_id":"4561","year":"2019","intvolume":"        39","status":"public","jel":["G12","G13","G14","G24"],"doi":"10.1002/fut.21978","publication":"Journal of Futures Markets","publication_status":"published","date_created":"2018-10-01T11:45:28Z","language":[{"iso":"eng"}],"date_updated":"2022-01-06T07:01:10Z","volume":39,"type":"journal_article","ddc":["330"],"title":"Pricing and issuance dependencies in SFP portfolios","article_type":"original","file":[{"success":1,"file_size":1658836,"creator":"bange","file_id":"7566","file_name":"Pelster 2019 SFP.pdf","content_type":"application/pdf","date_created":"2019-02-06T13:06:50Z","access_level":"closed","relation":"main_file","date_updated":"2019-02-06T13:06:50Z"}],"citation":{"ieee":"M. Pelster and A. Schertler, “Pricing and issuance dependencies in SFP portfolios,” <i>Journal of Futures Markets</i>, vol. 39, no. 3, pp. 342–365, 2019.","mla":"Pelster, Matthias, and Andrea Schertler. “Pricing and Issuance Dependencies in SFP Portfolios.” <i>Journal of Futures Markets</i>, vol. 39, no. 3, 2019, pp. 342–65, doi:<a href=\"https://doi.org/10.1002/fut.21978\">10.1002/fut.21978</a>.","short":"M. Pelster, A. Schertler, Journal of Futures Markets 39 (2019) 342–365.","ama":"Pelster M, Schertler A. Pricing and issuance dependencies in SFP portfolios. <i>Journal of Futures Markets</i>. 2019;39(3):342-365. doi:<a href=\"https://doi.org/10.1002/fut.21978\">10.1002/fut.21978</a>","apa":"Pelster, M., &#38; Schertler, A. (2019). Pricing and issuance dependencies in SFP portfolios. <i>Journal of Futures Markets</i>, <i>39</i>(3), 342–365. <a href=\"https://doi.org/10.1002/fut.21978\">https://doi.org/10.1002/fut.21978</a>","chicago":"Pelster, Matthias, and Andrea Schertler. “Pricing and Issuance Dependencies in SFP Portfolios.” <i>Journal of Futures Markets</i> 39, no. 3 (2019): 342–65. <a href=\"https://doi.org/10.1002/fut.21978\">https://doi.org/10.1002/fut.21978</a>.","bibtex":"@article{Pelster_Schertler_2019, title={Pricing and issuance dependencies in SFP portfolios}, volume={39}, DOI={<a href=\"https://doi.org/10.1002/fut.21978\">10.1002/fut.21978</a>}, number={3}, journal={Journal of Futures Markets}, author={Pelster, Matthias and Schertler, Andrea}, year={2019}, pages={342–365} }"},"user_id":"21810","has_accepted_license":"1"}