Forward Asiático - BBVA Continental

Forward Asiático
Febrero 2009
PRODUCT NOTE • PRODUCTOS ESTRUCTURADOS
<3
CRD
México
Estructura de tipo de cambio a 180 días en el que el cliente compra un Forward
Asiático sobre el USDPEN. Es una estructura costo cero para aquellos que tienen que
comprar dólares mensualmente y quieren estar cubiertos durante 6 meses.
Términos y Condiciones
!: (52) 55 56 21 91 52
Madrid
!: (34) 91 537 96 43
Moneda
USD
Monto
100,000.00
Fecha de Cierre
A ser determinada
Plazo
180 días
Fecha de Vencimiento
Fecha de Cierre + 180 dias
Base de Cálculo
Act / 360
Observaciones
Mensuales
Tipo de Cambio de
Referencia
Promedio de las observaciones mensuales del FIX
Spot de Referencia
3.2300
Strike Forward
3.2900
Forward Referencial
3.3082
Prima
0%
Pag 1
“The information contained in this document is set out for illustrative purposes only and does not constitute any form of offer from BBVA to trade on such terms or constitute an indication that it is possible to trade on those precise
terms. It is also understood that the information contained in this document shall not be considered investment advice nor a recommendation to enter into a transaction and shall not form the basis of a decision of any kind. BBVA
and its clients shall not be bound until they have both agreed to enter into a transaction and have agreed to its material terms. Actual prices will depend on market conditions at the time the transaction is concluded.
No representations or warranties are given or implied as to the information contained herein. All terms, information and pricing herein is indicative and subject to change without notice.
You acknowledge that the products to which this document refers may not be appropriate for you due to your specific investment goals, financial positions or risk profiles, as these have not been taken into account to prepare this
document. Therefore, before entering into a transaction, you should independently evaluate the financial, market, legal, regulatory, credit, tax and accounting risks and consequences involved and should not rely on BBVA for this.
Financial transactions involve high risks and are not appropriate for every investor. Indeed, in some cases, the potential losses may exceed the amount of initial investment. You should also be aware that secondary markets for the
said products may be limited or even not exist. BBVA S.A. shall not assume any liability nor responsibility of any kind for any cost or direct or indirect losses arising from the use of this document or its contents.
The information contained herein is provided to you by BBVA on a strictly confidential basis. No part of this document may be (i) copied, photocopied or duplicated by any other form or means (ii) redistributed or (iii) quoted,
without the prior written consent of BBVA.”
Forward Asiático
Febrero 2009
PRODUCT NOTE • PRODUCTOS ESTRUCTURADOS
<3
CRD
México
Descripción de la estructura:
I. Si a vencimiento el promedio de las observaciones mensuales es mayor al strike:
1) El cliente recibe la diferencia en soles según la siguiente fórmula:
(Tipo de Cambio Promedio – Strike) * Monto
!: (52) 55 56 21 91 52
Madrid
!: (34) 91 537 96 43
II. Si a vencimiento el promedio de las observaciones mensuales es menor al strike:
1) El cliente paga la diferencia en soles según la siguiente fórmula:
(Strike – Tipo de Cambio Promedio) * Monto
Gráfica Forward Asiático
10%
5%
3.49
3.46
3.43
3.40
3.37
3.34
3.31
3.28
3.25
3.22
3.19
3.16
-5%
3.13
0%
3.10
Ganancia en PEN
15%
-10%
-15%
Tipo de Cambio Promedio
Pag 2
“The information contained in this document is set out for illustrative purposes only and does not constitute any form of offer from BBVA to trade on such terms or constitute an indication that it is possible to trade on those precise
terms. It is also understood that the information contained in this document shall not be considered investment advice nor a recommendation to enter into a transaction and shall not form the basis of a decision of any kind. BBVA
and its clients shall not be bound until they have both agreed to enter into a transaction and have agreed to its material terms. Actual prices will depend on market conditions at the time the transaction is concluded.
No representations or warranties are given or implied as to the information contained herein. All terms, information and pricing herein is indicative and subject to change without notice.
You acknowledge that the products to which this document refers may not be appropriate for you due to your specific investment goals, financial positions or risk profiles, as these have not been taken into account to prepare this
document. Therefore, before entering into a transaction, you should independently evaluate the financial, market, legal, regulatory, credit, tax and accounting risks and consequences involved and should not rely on BBVA for this.
Financial transactions involve high risks and are not appropriate for every investor. Indeed, in some cases, the potential losses may exceed the amount of initial investment. You should also be aware that secondary markets for the
said products may be limited or even not exist. BBVA S.A. shall not assume any liability nor responsibility of any kind for any cost or direct or indirect losses arising from the use of this document or its contents.
The information contained herein is provided to you by BBVA on a strictly confidential basis. No part of this document may be (i) copied, photocopied or duplicated by any other form or means (ii) redistributed or (iii) quoted,
without the prior written consent of BBVA.”