#2317649
[Féach: Samhail phraghsála i leith conradh céadrogha [member]]
[Refer: Option pricing model [member]]
[Féach: Samhail phraghsála i leith conradh céadrogha [member]]
[Refer: Option pricing model [member]]
Samhail phraghsála i leith conradh céadrogha [member]
Option pricing model [member]
[Féach: Samhail phraghsála i leith conradh céadrogha [member]; Meán ualaithe [member]]
[Refer: Option pricing model [member]; Weighted average [member]]
[Féach: Samhail phraghsála i leith conradh céadrogha [member]]
[Refer: Option pricing model [member]]
Samhail phraghsála i leith conradh céadrogha [member]
Option pricing model [member]
[Féach: Samhail phraghsála i leith conradh céadrogha [member]; Meán ualaithe [member]]
[Refer: Option pricing model [member]; Weighted average [member]]
B6 Cuirtear na fachtóirí seo a leanas, ar a laghad, san áireamh i ngach samhail phraghsála i leith conradh céadrogha:
B6 All option pricing models take into account, as a minimum, the following factors:
Má úsáideann eintiteas samhail phraghsála i leith conradh céadrogha lena luacháiltear scair-roghanna nach féidir a fheidhmiú ach ag deireadh shaolré na scair-rogha, ní gá aon choigeartú a dhéanamh as gan bheith in ann iad a fheidhmiú le linn na tréimhse dílseacháin (nó tréimhsí eile le linn shaolré na scair-rogha), toisc go nglactar sa tsamhail leis nach féidir na scair-roghanna a fheidhmiú le linn na dtréimhsí sin.
However, if an entity uses an option pricing model that values options that can be exercised only at the end of the options' life, no adjustment is required for the inability to exercise them during the vesting period (or other periods during the options' life), because the model assumes that the options cannot be exercised during those periods.
D’fhéadfaí, mar shampla, an luathfheidhmiú a bhfuil coinne leis a chur san áireamh trí úsáid a bhaint as meastachán ar an tsaolré lena bhfuil coinne le haghaidh na scair-rogha (arb í an tréimhse í ón dáta deontais go dtí an dáta ar a bhfuil coinne leis go bhfeidhmeofar an scair-rogha, i gcás scair-rogha d’fhostaithe) mar ionchur le samhail phraghsála i leith conradh céadrogha (e.g. foirmle Black-Scholes-Merton).
For example, expected early exercise could be taken into account by using an estimate of the option's expected life (which, for an employee share option, is the period of time from grant date to the date on which the option is expected to be exercised) as an input into an option pricing model (e.g. the Black-Scholes-Merton formula).
B19 Mar a thugtar ar aird i mír B17, d’fhéadfaí iarmhairtí an luathfheidhmithe a bhfuil coinne leis a chur san áireamh trí úsáid a bhaint as meastachán ar an tsaolré lena bhfuil coinne le haghaidh na scair-rogha mar ionchur le samhail phraghsála i leith conradh céadrogha.
B19 As noted in paragraph B17, the effects of early exercise could be taken into account by using an estimate of the option's expected life as an input into an option pricing model.
Is é sin le rá, i gcás ina ndéanfar meastachán ar luach cóir deontais scair-rogha, ba cheart díbhinní a bhfuil coinne leo a chur san áireamh agus samhail phraghsála i leith conradh céadrogha á cur i bhfeidhm.
That is to say, when the fair value of an option grant is estimated, expected dividends should be included in the application of an option pricing model.