Commercial Real Estate Derivatives: The End or the Beginning?
认为商业房地产衍生品并非走到尽头，而是处于起步阶段，以EUREX推出基于英国商业房地产IPD指数的期货合约为标志，并指出远期IPD曲线对设计交易策略的重要性。
In this article, the authors argue that the development of commercial real estate derivatives is not at a dead end but rather in a starting phase marked by the ambitious introduction of futures contracts to the IPD index, which covers the U.K. commercial real estate sector, on EUREX. The authors believe that the introduction of futures in this asset class will also open new opportunities for more advanced derivatives to be traded on EUREX over-the-counter or further down the line. They highlight the importance of forward IPD curves in designing strategies that will trade not only the level of the commercial real estate prices but also the shape of this curve. <b>TOPICS:</b>Real estate, derivatives applications