Risk And Pricing Analysis Of "Golden Key And Ruyi Combination" Of Agricultural Bank Of China

Commercial bank financial products is an investment instrument issued by commercial banks.When the funds are raised,the commercial bank will enter into a product contract with the purchaser as a guideline for the investment method,invest the funds in the corresponding financial market,and allocate the investment income to the purchaser within a fixed period.Today,commercial banks issued a variety of financial products,the theory of this research focused on marketing,yield analysis of factors such as factors,involving very little prici ng.For pricing research,but also mostly limited to the composition of a relatively simple product.The case study of this case is a linked to the stock index of structured financial products,this has been a scholar study of shallow water.Based on the analysis of the structural characteristics and risk characteristics of the product,this paper takes the "Golden Key and wishful combination" of the Agricultural Bank of China in April 2016 as the object of study,and the use of econometrics in econometrics Non-stationary time series conditional heteroskedasticity model and Monte Carlo simulation method,with Eviews software and Matlab software to calculate the theoretical pricing of the product,and compared with the actual pricing of the Agricultural Bank of China to determine the rationality of the actual pricing,and accordingly advise.The first part of this paper is the introduction,introduces the research background and significance,the research progress at home and abroad,the research content and t echnical route,innovation and deficiency of this paper.The second part is the relevant theoretical analysis,introduces the main concepts and classification of financial products,portfolio theory,life cycle theory,no arbitrage pricing theory and other related concepts and theoretical basis.The third part is the introduction of the case,respectively,from the product design principles,structural characteristics,income model of the three aspects of the Agricultural Bank of China "golden key or wishful combination" financial products to explain.The fourth part is the risk analysis of the product's risk classification by the risk analysis of the "golden key or wishful" financial products of the Agricultural Bank of China.The fifth part is the core content of this article,the fixed part of the case and the floating part of the pricing,and finally summed up the theoretical pricing.The fixed part adopts the formula pricing method,and the floating part adopts the Monte Carlo simulation method,and uses Matlab to simulate the fluctuation rate of the subject.The sixth part is based on the analysis of the results,the case of product analysis,the corresponding recommendations and countermeasures.