Lietuvos vertybinių popierių rinkos priemonės

ENThe aim of this article is to reveal the kit of financial instruments proposed by the Securities market in Lithuania and to evaluate the regularity of demand and supply of these tools. Investment is the use of real property or financial papers in order to enlarge it. When investing into various securities of the Securities market, general capital is allocated into different spheres of economy for different periods of time. According to its economical nature, it is possible to group securities into three kinds: proprietary, debt securities and financial derivatives. Proprietary securities are stock, the certification of the unit of the propriety of the company. According to the investment aims, there are many kinds of stocks, and different emissions, conditions of circulation, legal and other factors determine the variety of stock types. Securities market in Lithuania was the market of supply during all its existence. In 2001, 2nd quarter, the proportion of supply/demand was 11,00. As Securities market in Lithuania is shallow enough and little realizable, we offer to provide investors more often and with more information about financial status and its changes of the enterprises emitting stocks. Debt securities are bonds, drafts. Bonds are classified as following: after the status of issuer, after the methods of payment and the ways of loan payment, after the cover of obligation by propriety and guaranties, after domination in international drafts market. Market of enterprises bonds does not exist in Lithuania. In the opinion of the author, the main market participants, forming the supply for bonds, are institutional investors - pension funds, insurance companies, investment banks and funds.Financial derivatives are forward, future, swap, option, warrants, convertible preference shares and convert bonds. While international trade is expanding and the number of payoffs in different currencies is increasing, Lithuanian enterprises seeking for successful market activities have to think how to insure themselves against possible losses occurring because of the change in currency rates. We offer for enterprises to evaluate the advantage of option transaction, the special feature of which is, that in order to prevent against possible losses due to the change of currency rate, the possible profit is not excepted in case the currency rates are changing positively. [From the publication]