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  1. Surveys
  2. 2010
  3. May
  4. F
  5. Financial Product Developement
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Hello:
We are Maastricht University students and we would like to invite you to participate in our survey regarding financial product development. We are trying to develop futures contract for dairy market in Europe(fluid milk in particular). In this survey, we require approximately 100 people to complete a survey that asks questions about dairy market, futures and related issues. It will take approximately 5 minutes to complete the questionnaire.

Your participation in this study is completely voluntary. There are no foreseeable risks associated with this project. However, if you feel uncomfortable answering any questions, you can withdraw from the survey at any point. It is very important for us to learn your opinions.

If you have questions at any time about the survey or the procedures, you may contact our research team by email at the email address specified below.

Thank you very much for your time and support. Please start with the survey now by clicking on the Continue button below.

* Please ignore the facebook connect option and proceed by selecting "skip this step" on the first page.

contact email: [email protected]
 
 
 
* Which of the following categories describes your occupation best?
 
Dairy Producer
 
Dairy Processor
 
Financial Expert
 
Expert in Dairy-related Issues
 
Other
 
 
 
 
What is the highest level of education you have completed? *
 
Lower than High School
 
High School
 
Some Additional Professional Training (MBO, HBO etc.)
 
University Undergraduate
 
University Graduate
 
 
 
* Do you perceive risk associated with fluctuations of dairy prices?
 
Yes
 
No
 
 
 
* Do you believe that futures contracts will be successful in reducing price risk associated with the dairy market?
 
Yes
 
No
 
Maybe
 
I don't know
 
 
 
* Have you heard of this possibility of Risk Management before?
 
Yes, I have heard of this type of futures contracts before (commodity futures)
 
Yes, I have heard of futures contracts in general
 
No, but I have heard of other financial products (forward contracts, options etc.) before
 
No, I have not heard about these products
 
 
 
* When making investment decisions, which are the main parties influencing your choice? You may choose more than one option.
 
Just Yourself
 
Other Co-workers
 
Accountants
 
Bankers
 
Brokers
 
Industry Specialists
 
Dairy/Farmers Associations
 
Family and Friends
 
Other
 

 
 
 
* Please rank the following contract specifications' combinations in order of preference (1 being the most preferred and 8 being the least preferred). Please use each rank only once.

Regarding the trade volume: the amounts are given in Liters over a specified period of months taking into account delivery every 2 or 3 days.
Please remember the product here is Fluid Milk in particular.
1. Settlement Type: Cash Settlement; Trade Volume: 45000 Liters (period 1 month); Trade Frequency: Continuous
2. Settlement Type: Cash Settlement; Trade Volume: 540000 Liters (period 12 months); Trade Frequency: limited number of times a day
3. Settlement Type: Physical Delivery; Trade Volume: 540000 Liters (period 12 months); Trade Frequency: Continuous
4. Settlement Type: Physical Delivery; Trade Volume: 45000 Liters (period 1 month); Trade Frequency: limited number of times a day
5. Settlement Type: Physical Delivery; Trade Volume 270000 Liters (period 6 months); Trade Frequency: limited number of times a day
6. Settlement Type: Cash Settlement; Trade Volume 270000 Liters (period 6 months); Trade Frequency: Continuous
7. Settlement Type: Physical Delivery; Trade Volume: 45000 Liters (period 1 month); Trade Frequency: Continuous
8. Settlement Type: Cash Settlement; Trade Volume: 45000 Liters (period 1 month); Trade Frequency: limited number of times a day
 
 
 
* Would you prefer to have options available on the futures contracts
 
Yes, American type Options
 
Yes, European type Options
 
I don't know
 
No, because?
 
 
 
 
* Would you be willing to invest in futures?
 
Yes
 
Maybe
 
No, I think it is too complicated
 
No, I don't think it will be beneficial for me
 
No, because?
 
 
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