S&P 500 Short Index

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The S&P 500 Short Index is an index linked to the performance of the well-known US stock index S&P 500 TR, which shows the corresponding performance inversely, i.e. increases in the event of falling prices. An alternative name for the index is therefore the S&P 500 Inverse Index. The index is de facto a short position on the S&P 500 TR index. In addition to an inverse performance mapping, the index is therefore also assigned an interest component in the amount of the USD LIBOR daily money rate . This interest component relates on the one hand to the invested capital, but also to the amounts obtained from the short position. This results in double the USD LIBOR interest rate, which is included in the index calculation on a daily basis. However, costs for the securities lending of the stocks contained in the S&P 500 TR Index are not charged to the S&P 500 Short Index according to the index calculation basis. The index is primarily used as the basis for derivative financial products.

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