Tranched Value Securities

  title={Tranched Value Securities},
  author={N. Zvezdin},
  journal={Innovation Finance & Accounting eJournal},
  • N. Zvezdin
  • Published 2019
  • Business
  • Innovation Finance & Accounting eJournal
Structured financial products and derivatives were one of the major financial innovations since 18th century, which improve market completeness by transforming risk-sharing mechanisms. Since then, thousands of derivative types were created, and its market has grown to over six-times greater than global GDP, but capital markets still exhibit efficiency only to a limited extent. This paper assesses the potential performance of Tranched Value Securities (patent pending) – a new financial… Expand