Build-Operate-Transfer (BOT) Approach

Definition:

One of the two main approaches in fiancing the large-scale infrastructure projects. Contrary to State-Build-Own-Operate (SBOO) Approach, BOT Approach awards a project to a project company that operates the project for twenty-five to thirty-five years before it is transferred back to the government. BOT Approach is similar to Public-Private-Partnership (PPP) Approach.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Naked option strategies

An unhedged strategy making exclusive use of one of the following: Short call strategy (selling or writing call options), and short put strategy (selling or writing put options). By themselves, these... Read More

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