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Spread-Produkt

English translation: spread position; spread product

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Spread-Produkt
English translation:spread position; spread product
Entered by: Beate Lutzebaeck

09:56 Jun 28, 2002
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Spread-Produkt
Die Staatsanleihen stiegen sehr stark in ihrem Kurs (so dass ein sehr hoher Verlust auf der Short-Position bestand) und das Spread-Produkt wurde ebenfalls in Mitleidenschaft gezogen (entweder durch einen Kursverlust oder eine Spread-Ausweitung).
Natalie Wilcock (X)
Local time: 04:29
spread position
Explanation:
Spreads are not products, because you create it yourself as an options contract (which is the product) , i.e. sell the S&P500 1000 call and 980 put. If at expiration the spread closes between these two benchmarks, it expires worthless (what you want) and you pocket the premium on both ends.
Selected response from:

gangels (X)
Local time: 20:29
Grading comment
Again, thank you, the input is much appreciated.
4 KudoZ points were awarded for this answer



Summary of answers provided
4spread position
gangels (X)
1spread product
Ralf Lemster


  

Answers


4 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
spread product


Explanation:
Impossible to be more precise without context - what spread does this product refer to, and what's the structure?

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Note added at 2002-07-01 18:55:49 (GMT) Post-grading
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Although I agree with Klaus\'s interpretation of TIN\'s query (I believe \"spread position\" is correct here), spreads can, in fact, be products. There are examples for exchange-traded spreads (such as inter-product spreads which were once listed by Eurex, as well as their upcoming \"delta-neutral trading products\", which are essentially futures/options spreads), as well as OTC products (mostly warrants, but also certificates, etc.), which are based on embedded spreads or represent spreads between different assets.

Ralf Lemster
Germany
Local time: 04:29
Specializes in field
Native speaker of: German
PRO pts in category: 475
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3 days 6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
spread position


Explanation:
Spreads are not products, because you create it yourself as an options contract (which is the product) , i.e. sell the S&P500 1000 call and 980 put. If at expiration the spread closes between these two benchmarks, it expires worthless (what you want) and you pocket the premium on both ends.

gangels (X)
Local time: 20:29
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 45
Grading comment
Again, thank you, the input is much appreciated.

Peer comments on this answer (and responses from the answerer)
neutral  Ralf Lemster: Spreads can indeed be products - see my added note.
2 hrs
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