Similar train squad" rates are being paid to a couple of undrafted rookies who have been on their respective teams' NFI account since the begin of training camp.



Running behind Jonas Gray tore his ACL during his final season by Notre Dame and signed a three-year, $1.44 million contract with the Miami Dolphins on May 4 Gray namely earning $5,700 per week meantime on the NFI account and returnedbuy nfl jerseys cheap to train two weeks antecedent Undrafted neophyte aggressive tackle Markus Zusevics received a $13,000 signing bonus aboard May 10 from the New England Patriots, who are paying the former Iowa standout $5,700 per week for he recovers from a torn pectoral muscle is he suffered during the 2012 scouting combine.

Falcons safety Matt Hansen ruptured his patella tendon meantime working out among late June and nbuy nfl jerseys cheapamely never earning a salary from the team meantime he rehabs his injury.

Two More Players Earning Increased Salaries On Practice Squad

Last month, Shutdown Corner reported is the New England Patriots are paying practice squad spacious recipient Greg Salas , and is the St. Louis Rams were paying increased salaries to practice squad offensive linemen Brandon Washington and Ty Nsekhe. Two more practinfl jerseys factoryce squad players can be additional to the additional salary"account.

According to NFLPA base salary information, the Washington Redskins are instantly paying exercise squad aggressive tackle Tom Compton, a 2012 sixth-round elect out of South Dakota,because whether he were on the 53-man roster. Compton had been earning $5,700 per week forward the club appended namely to $22,941 per week among mid-October. http://clarenovascotia.com/doc/Last week, the San Francisco 49ers increased the exercise squad salary of train squad aggressive tackle Al Netter, paying him the $22,941 he'd acquire because if he were on the 53-man roster. Undrafted out of Northwestern, the 49ers gave Netter a $7,500 signing bonus on May two.

Fantasy football advice aboard Yahoo! Sports:

Other fashionable content aboard the Yahoo! network:
?
?
?
?nhl jerseys

您的位置:主页 > 理财 > 导读 > > 正文

KODA关键说明书曝光 银行涉嫌与投资者对赌

发布者: admin 日期:2009-06-21 作者:admin 查看评论

  几个月来,多位内地富豪因一款带有杠杆性质的股票累积期权而深陷“KODA门”,银行追讨欠款、富豪负债喊冤、香港金管局无从插手。就在这场纠纷集中爆发的3个月后,记者终于从香港汇丰银行的一位私人银行客户手中拿到了一份KODA的产品说明书,至此,被业内专家和牵涉投资者普遍质疑非常不平等的“条约”终于浮出水面。

KODA被指不平等条约

  “产品本身肯定有问题,是一款银行不需要向投资者支付权利金的‘畸形’的、不平等的期权产品。”中欧国际工商学院金融学教授赵欣舸博士认为。

  KODA其实是一种累积期权合约,常见的投资标的资产为股票、贵金属和外汇等,而此次集中爆发于“KODA门”的产品主要投资于香港股票。因该产品而发生巨亏2000多万的万辉现在终于能一针见血地概括产品特点了:“就是银行和我约定某只股票的行权价和取消价,如果实际股价高于行权价而低于取消价,则我可以按约定份额例如最低1000股买入所谓的打折股票;而如股价某天跌至行权价之下,那我就要双倍地以行权价买入。

  这就是最要命的地方。”而本报曾经报道过的在星展银行购买过KODA而发生巨亏的郝女士也曾告诉记者类似情形。

  2007年4月,万辉在汇丰私人银行香港分行已经开户2年多,而那时他已经是内地一家大型外贸企业的老板,手中拥有近亿元的资产。“在开户时就存入了5000万港元资产,两年多下来收益一直非常稳健。而我的私人客户经理正是在2007年向我推荐的这款害死人的私人银行产品。”想起此事,万辉至今还非常懊恼。

  之所以被指不平等条约,就在于KODA是一款名为期权却违背期权本质的产品,通常我们所熟知的期权简单来说就是通过花费一笔权利金而获得一个在一定期限后按约定价格买入或卖出标的物的权利,这个权利可以行使,更可以放弃。“虽然KODA提供了投资者低于市价购买股票的权利,但是到达取消价合约就终止了,也就是说收益有限。而投资者提供给银行的却是一个不论市价跌至多少都按行权价购买,且加倍购买股票的权利,由于这两个权利代表的利益不对等,所以投资者在签订合同时就应该从银行那拿到一笔权利金。” 赵欣舸解释。

  其实这笔权利金就是投资者承担无限风险义务的事先补偿,而正是由于银行在一开始没有向投资者支付这笔权利金,也就是KODA产品不平等的根源所在。

  合约曝光 普通人就能看懂

  “一开始银行并没有给我提供中文版本的说明书,厚厚的英文文件传真过来后确实没有细看。而我就一直理解KODA就是打折股票,甚至还认为我当时下单的5000股就是合约所有的份额。”万辉回想当时的情景。

  而记者拿到此份名为“累算远期交易”的中文说明书之后发现,虽然正文内容长达17页,但是普通人只要稍微浏览至少可以掌握该产品的基本特点和风险。例如,在第6页共有8条非常明显的“风险摘要”,其中一条清楚地写明:“交易并不保本,客户可能面对的损失将无限。”而另一条则表明:“ 如客户为买方,即使当前价格低于行使价,即‘以亏本价买入’,客户仍有责任以行使价累积基准工具。在每一宗使用杠杆的交易中,‘以亏本价买入’额将倍增。”很清楚的是,这款打着“打折股票”名义到处兜售的产品并非只是单向的,而它的另一个方向就是股价下跌时的双倍购入风险。

  “在发现账户内保证金不足后,银行要求我追加现金担保,而我当然不想继续交易,但是银行拒绝我的要求,并一直在为我购入。” 万辉至今不理解。

  “说明书中的风险摘要中也明确提到,客户有责任持有合同直至期满。如客户因市场价格波动而遭受损失,本行并无责任按客户要求终止交易。至少从说明文件来看,外资银行不会犯下什么能被抓住把柄的低级错误。而投资者往往会忽略。”在通读完这款说明书后,赵欣舸博士感叹道。

温馨提示:本站文章内容仅供投资者参考!并不能作为投资建议,风险自担!

字体大小: 加入收藏】【打印本页】【关闭窗口】【网友评论】返回顶部
更多>>>

图文新闻