Utilización y contabilidad de los instrumentos financieros derivados en los fondos de inversión españoles (Use and Accounting Treatment of Derivative Financial Instruments by Spanish Mutual Funds)

56 Pages Posted: 2 Apr 2019

Date Written: 2003

Abstract

This paper identifies the basic provisions under Spanish law governing the accounting and disclosure system for mutual fund transactions in derivative financial instruments, then goes on to test their effectiveness. Most Spanish mutual funds operate in derivative products, and though the global figures may not be significant, some funds employ derivatives on a major scale. It concludes that current disclosure and accounting rules are working effectively and stand comparison with the most advanced.

Note: Downloadable Document is in Spanish.

Suggested Citation

García, Carlos J. Rodríguez, Utilización y contabilidad de los instrumentos financieros derivados en los fondos de inversión españoles (Use and Accounting Treatment of Derivative Financial Instruments by Spanish Mutual Funds) (2003). CNMV Working Paper No. 4.2003, Available at SSRN: https://ssrn.com/abstract=3364564 or http://dx.doi.org/10.2139/ssrn.3364564

Carlos J. Rodríguez García (Contact Author)

Comisión Nacional de Mercado de Valores

Edison, 4
Madrid, 28006
Spain

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