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| ''Risk management''.
| | The official UK government register of UK companies. |
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| A form of hedge using options.
| | The main functions of Companies House are to: |
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| Collar hedges are more complex structures, compared with a simpler cap option or floor option.
| | 1. Incorporate and dissolve UK limited companies. |
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| An advantage of collars is that they can reduce the net premium paid for the hedge. They do this by adding a short option position to the simple cap or floor. In other words by the corporate hedger ''selling'' an option (in addition to ''buying'' the simple cap or floor option).
| | 2. Examine and store UK company accounts and other information delivered under the Companies Act and other legislation. |
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| The premium received by the corporate reduces their net premium payable. The net premium payable is often zero. (This arrangement is called a ''zero cost'' collar.)
| | 3. Make this information available to the public. |
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| It is also possible - though less common - to construct a ''negative cost'' collar, the net premium being ''receivable'' by the corporate.
| | == See also == |
| | * [[Company]] |
| | * [[Registrar of Companies]] |
| | * [[WebCHeck]] |
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| The case where the corporate hedger ''pays'' a net premium for the collar is known as a ''positive cost'' collar.
| | [[Category:Legal_Documentation]] |
| | | [[Category:Regulation_and_Law]] |
| In all cases, the net result and intention is to ‘collar’ the all-in hedged rate achieved within a range which is acceptable to the hedging corporate.
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| Collars are also known as ''cylinders'', ''corridors'' or ''range forwards''.
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| == See also ==
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| * [[Cap]]
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| * [[Floor]]
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| * [[Negative cost collar]]
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| * [[Positive cost collar]]
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| * [[Zero cost]]
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Revision as of 16:26, 18 June 2013
The official UK government register of UK companies.
The main functions of Companies House are to:
1. Incorporate and dissolve UK limited companies.
2. Examine and store UK company accounts and other information delivered under the Companies Act and other legislation.
3. Make this information available to the public.
See also
