Możliwości wykorzystania struktur opcyjnych do redukcji ryzyka kursowego przez polskich eksporterów
Possibilities of the use of option structures for currency risk reduction by Polish exporters

Summary/Abstract: The paper presents option structures as compound derivatives being an alternative to a simple buying option that can be used for currency risk reduction. It describes some ways of constructing zero-cost structures and solutions enabling to increase strikes in put options. It is a basis to determine the impact of analysed deals for company’s currency risk exposure and enables to prove that such transactions are not well suited for risk reduction. The last part of the article indicates the main factors that will limit the use of zero-cost option structures by the Polish companies in the nearest future.

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