id	sid	tid	token	lemma	pos
cjfa-3241	1	1	copernican	copernican	PROPN
cjfa-3241	1	2	journal	journal	PROPN
cjfa-3241	1	3	of	of	ADP
cjfa-3241	1	4	finance	finance	PROPN
cjfa-3241	1	5	&	&	CCONJ
cjfa-3241	1	6	accounting	accounting	PROPN
cjfa-3241	1	7	e	e	PROPN
cjfa-3241	1	8	-	-	PROPN
cjfa-3241	1	9	issn	issn	PROPN
cjfa-3241	1	10	2300	2300	NUM
cjfa-3241	1	11	-	-	SYM
cjfa-3241	1	12	3065	3065	NUM
cjfa-3241	1	13	p	p	PROPN
cjfa-3241	1	14	-	-	PUNCT
cjfa-3241	1	15	issn	issn	PROPN
cjfa-3241	1	16	2300	2300	NUM
cjfa-3241	1	17	-	-	SYM
cjfa-3241	1	18	1240	1240	NUM
cjfa-3241	1	19	data	datum	NOUN
cjfa-3241	1	20	wpłynięcia	wpłynięcia	NOUN
cjfa-3241	1	21	:	:	PUNCT
cjfa-3241	1	22	05.12.2013	05.12.2013	NUM
cjfa-3241	1	23	;	;	PUNCT
cjfa-3241	1	24	data	datum	NOUN
cjfa-3241	1	25	zaakceptowania	zaakceptowania	PROPN
cjfa-3241	1	26	:	:	PUNCT
cjfa-3241	1	27	19.12.2013	19.12.2013	NUM
cjfa-3241	1	28	.	.	PUNCT
cjfa-3241	1	29	*	*	PUNCT
cjfa-3241	1	30	 	 	SPACE
cjfa-3241	1	31	dane	dane	NOUN
cjfa-3241	1	32	kontaktowe	kontaktowe	PROPN
cjfa-3241	1	33	:	:	PUNCT
cjfa-3241	1	34	jarek86@doktorant.umk.pl	jarek86@doktorant.umk.pl	PROPN
cjfa-3241	1	35	,	,	PUNCT
cjfa-3241	1	36	ul	ul	INTJ
cjfa-3241	1	37	.	.	PUNCT
cjfa-3241	1	38	broniewskiego	broniewskiego	PROPN
cjfa-3241	1	39	59b/27	59b/27	NUM
cjfa-3241	1	40	,	,	PUNCT
cjfa-3241	1	41	87	87	NUM
cjfa-3241	1	42	-	-	SYM
cjfa-3241	1	43	100	100	NUM
cjfa-3241	1	44	toruń	toruń	NOUN
cjfa-3241	1	45	,	,	PUNCT
cjfa-3241	1	46	tel	tel	PROPN
cjfa-3241	1	47	.	.	PROPN
cjfa-3241	2	1	511	511	NUM
cjfa-3241	2	2	749	749	NUM
cjfa-3241	2	3	195	195	NUM
cjfa-3241	2	4	.	.	PUNCT
cjfa-3241	2	5	doi	doi	NOUN
cjfa-3241	2	6	:	:	PUNCT
cjfa-3241	2	7	10.12775	10.12775	NUM
cjfa-3241	2	8	/	/	SYM
cjfa-3241	2	9	cjfa.2013.0212013	cjfa.2013.0212013	NOUN
cjfa-3241	2	10	,	,	PUNCT
cjfa-3241	2	11	volume	volume	NOUN
cjfa-3241	2	12	2	2	NUM
cjfa-3241	2	13	,	,	PUNCT
cjfa-3241	2	14	issue	issue	NOUN
cjfa-3241	2	15	2	2	NUM
cjfa-3241	2	16	jarosław	jarosław	PROPN
cjfa-3241	2	17	pawłowski	pawłowski	NOUN
cjfa-3241	2	18	*	*	PUNCT
cjfa-3241	2	19	uniwersytet	uniwersytet	PROPN
cjfa-3241	2	20	mikołaja	mikołaja	PROPN
cjfa-3241	2	21	kopernika	kopernika	PROPN
cjfa-3241	2	22	w	w	PROPN
cjfa-3241	2	23	toruniu	toruniu	PROPN
cjfa-3241	2	24	derivatives	derivative	NOUN
cjfa-3241	2	25	as	as	ADP
cjfa-3241	2	26	security	security	NOUN
cjfa-3241	2	27	against	against	ADP
cjfa-3241	2	28	market	market	NOUN
cjfa-3241	2	29	risk	risk	NOUN
cjfa-3241	2	30	on	on	ADP
cjfa-3241	2	31	the	the	DET
cjfa-3241	2	32	example	example	NOUN
cjfa-3241	2	33	of	of	ADP
cjfa-3241	2	34	the	the	DET
cjfa-3241	2	35	selected	select	VERB
cjfa-3241	2	36	companies	company	NOUN
cjfa-3241	2	37	keywords	keyword	VERB
cjfa-3241	2	38	:	:	PUNCT
cjfa-3241	2	39	derivative	derivative	ADJ
cjfa-3241	2	40	,	,	PUNCT
cjfa-3241	2	41	risk	risk	NOUN
cjfa-3241	2	42	,	,	PUNCT
cjfa-3241	2	43	hedging	hedging	NOUN
cjfa-3241	2	44	.	.	PUNCT
cjfa-3241	3	1	j	j	PROPN
cjfa-3241	3	2	e	e	PROPN
cjfa-3241	3	3	l	l	PROPN
cjfa-3241	3	4	classification	classification	NOUN
cjfa-3241	3	5	:	:	PUNCT
cjfa-3241	3	6	g32	g32	NOUN
cjfa-3241	3	7	.	.	PUNCT
cjfa-3241	4	1	abstract	abstract	ADJ
cjfa-3241	4	2	:	:	PUNCT
cjfa-3241	4	3	company	company	NOUN
cjfa-3241	4	4	operating	operate	VERB
cjfa-3241	4	5	in	in	ADP
cjfa-3241	4	6	current	current	ADJ
cjfa-3241	4	7	economic	economic	ADJ
cjfa-3241	4	8	conditions	condition	NOUN
cjfa-3241	4	9	are	be	AUX
cjfa-3241	4	10	exposed	expose	VERB
cjfa-3241	4	11	to	to	ADP
cjfa-3241	4	12	a	a	DET
cjfa-3241	4	13	series	series	NOUN
cjfa-3241	4	14	of	of	ADP
cjfa-3241	4	15	different	different	ADJ
cjfa-3241	4	16	kinds	kind	NOUN
cjfa-3241	4	17	of	of	ADP
cjfa-3241	4	18	risk	risk	NOUN
cjfa-3241	4	19	.	.	PUNCT
cjfa-3241	5	1	in	in	ADP
cjfa-3241	5	2	order	order	NOUN
cjfa-3241	5	3	to	to	PART
cjfa-3241	5	4	secure	secure	VERB
cjfa-3241	5	5	against	against	ADP
cjfa-3241	5	6	some	some	PRON
cjfa-3241	5	7	of	of	ADP
cjfa-3241	5	8	them	they	PRON
cjfa-3241	5	9	,	,	PUNCT
cjfa-3241	5	10	firms	firm	NOUN
cjfa-3241	5	11	may	may	AUX
cjfa-3241	5	12	apply	apply	VERB
cjfa-3241	5	13	hedging	hedging	NOUN
cjfa-3241	5	14	,	,	PUNCT
cjfa-3241	5	15	i.e.	i.e.	X
cjfa-3241	5	16	use	use	NOUN
cjfa-3241	5	17	of	of	ADP
cjfa-3241	5	18	derivative	derivative	ADJ
cjfa-3241	5	19	instruments	instrument	NOUN
cjfa-3241	5	20	.	.	PUNCT
cjfa-3241	6	1	this	this	DET
cjfa-3241	6	2	paper	paper	NOUN
cjfa-3241	6	3	focus	focus	NOUN
cjfa-3241	6	4	on	on	ADP
cjfa-3241	6	5	the	the	DET
cjfa-3241	6	6	problem	problem	NOUN
cjfa-3241	6	7	of	of	ADP
cjfa-3241	6	8	using	use	VERB
cjfa-3241	6	9	derivatives	derivative	NOUN
cjfa-3241	6	10	for	for	ADP
cjfa-3241	6	11	the	the	DET
cjfa-3241	6	12	needs	need	NOUN
cjfa-3241	6	13	of	of	ADP
cjfa-3241	6	14	reducing	reduce	VERB
cjfa-3241	6	15	market	market	NOUN
cjfa-3241	6	16	risk	risk	NOUN
cjfa-3241	6	17	,	,	PUNCT
cjfa-3241	6	18	based	base	VERB
cjfa-3241	6	19	on	on	ADP
cjfa-3241	6	20	the	the	DET
cjfa-3241	6	21	example	example	NOUN
cjfa-3241	6	22	of	of	ADP
cjfa-3241	6	23	kghm	kghm	PROPN
cjfa-3241	6	24	polska	polska	PROPN
cjfa-3241	6	25	miedź	miedź	PROPN
cjfa-3241	6	26	sa	sa	PROPN
cjfa-3241	6	27	and	and	CCONJ
cjfa-3241	6	28	pgnig	pgnig	PROPN
cjfa-3241	6	29	sa	sa	PROPN
cjfa-3241	6	30	.	.	PUNCT
cjfa-3241	7	1	instrumenty	instrumenty	PROPN
cjfa-3241	7	2	pochodne	pochodne	PROPN
cjfa-3241	7	3	jako	jako	PROPN
cjfa-3241	7	4	zabezpieczenie	zabezpieczenie	PROPN
cjfa-3241	7	5	przed	prze	VERB
cjfa-3241	7	6	ryzykiem	ryzykiem	PROPN
cjfa-3241	7	7	rynkowym	rynkowym	NOUN
cjfa-3241	7	8	na	na	PROPN
cjfa-3241	7	9	przykładzie	przykładzie	ADJ
cjfa-3241	7	10	wybranych	wybranych	NOUN
cjfa-3241	7	11	spółek	spółek	PROPN
cjfa-3241	7	12	słowa	słowa	PROPN
cjfa-3241	7	13	kluczowe	kluczowe	PROPN
cjfa-3241	7	14	:	:	PUNCT
cjfa-3241	7	15	instrument	instrument	NOUN
cjfa-3241	7	16	pochodny	pochodny	PROPN
cjfa-3241	7	17	,	,	PUNCT
cjfa-3241	7	18	ryzyko	ryzyko	NOUN
cjfa-3241	7	19	,	,	PUNCT
cjfa-3241	7	20	hedging	hedging	NOUN
cjfa-3241	7	21	.	.	PUNCT
cjfa-3241	8	1	klasyfikacja	klasyfikacja	PROPN
cjfa-3241	8	2	j	j	PROPN
cjfa-3241	8	3	e	e	PROPN
cjfa-3241	8	4	l	l	PROPN
cjfa-3241	8	5	:	:	PUNCT
cjfa-3241	8	6	g32	g32	NOUN
cjfa-3241	8	7	.	.	PUNCT
cjfa-3241	9	1	abstrakt	abstrakt	PROPN
cjfa-3241	9	2	:	:	PUNCT
cjfa-3241	9	3	przedsiębiorstwa	przedsiębiorstwa	NOUN
cjfa-3241	9	4	funkcjonujące	funkcjonujące	VERB
cjfa-3241	9	5	w	w	PROPN
cjfa-3241	9	6	obecnych	obecnych	PROPN
cjfa-3241	9	7	warunkach	warunkach	PROPN
cjfa-3241	9	8	gospodarczych	gospodarczych	PROPN
cjfa-3241	9	9	są	są	PROPN
cjfa-3241	9	10	narażone	narażone	PROPN
cjfa-3241	9	11	na	na	PROPN
cjfa-3241	9	12	szereg	szereg	PROPN
cjfa-3241	9	13	różnych	różnych	VERB
cjfa-3241	9	14	rodzajów	rodzajów	PROPN
cjfa-3241	9	15	ryzyka	ryzyka	PROPN
cjfa-3241	9	16	.	.	PUNCT
cjfa-3241	10	1	w	w	PROPN
cjfa-3241	10	2	celu	celu	PROPN
cjfa-3241	10	3	zabezpieczenia	zabezpieczenia	PROPN
cjfa-3241	10	4	się	się	PROPN
cjfa-3241	10	5	przed	prze	VERB
cjfa-3241	10	6	niektórymi	niektórymi	NOUN
cjfa-3241	10	7	z	z	PROPN
cjfa-3241	10	8	nich	nich	PROPN
cjfa-3241	10	9	mogą	mogą	NOUN
cjfa-3241	10	10	stosować	stosować	PROPN
cjfa-3241	10	11	hedging	hedging	PROPN
cjfa-3241	10	12	,	,	PUNCT
cjfa-3241	10	13	czyli	czyli	PROPN
cjfa-3241	10	14	wykorzystanie	wykorzystanie	PROPN
cjfa-3241	10	15	instrumentów	instrumentów	NOUN
cjfa-3241	10	16	pochodnych	pochodnych	NOUN
cjfa-3241	10	17	.	.	PUNCT
cjfa-3241	11	1	w	w	NOUN
cjfa-3241	11	2	niniejszej	niniejszej	PROPN
cjfa-3241	11	3	pracy	pracy	PROPN
cjfa-3241	11	4	podjęto	podjęto	VERB
cjfa-3241	11	5	właśnie	właśnie	PROPN
cjfa-3241	11	6	problematykę	problematykę	PROPN
cjfa-3241	11	7	wykorzystania	wykorzystania	PROPN
cjfa-3241	11	8	instrumentów	instrumentów	PROPN
cjfa-3241	11	9	pochodnych	pochodnych	NOUN
cjfa-3241	11	10	na	na	ADP
cjfa-3241	11	11	potrzeby	potrzeby	PROPN
cjfa-3241	11	12	ograniczania	ograniczania	NOUN
cjfa-3241	11	13	ryzyka	ryzyka	NOUN
cjfa-3241	11	14	rynkowego	rynkowego	NOUN
cjfa-3241	11	15	na	na	PART
cjfa-3241	11	16	przykładzie	przykładzie	ADJ
cjfa-3241	11	17	kghm	kghm	PROPN
cjfa-3241	11	18	polska	polska	PROPN
cjfa-3241	11	19	miedź	miedź	PROPN
cjfa-3241	11	20	sa	sa	PROPN
cjfa-3241	11	21	oraz	oraz	PROPN
cjfa-3241	11	22	pgnig	pgnig	PROPN
cjfa-3241	11	23	sa	sa	PROPN
cjfa-3241	11	24	.	.	PROPN
cjfa-3241	11	25	translated	translate	VERB
cjfa-3241	11	26	by	by	ADP
cjfa-3241	11	27	jarosław	jarosław	PROPN
cjfa-3241	11	28	pawłowski	pawłowski	PROPN
cjfa-3241	11	29	jarosław	jarosław	PROPN
cjfa-3241	11	30	pawłowski154	pawłowski154	PROPN
cjfa-3241	11	31	 	 	SPACE
cjfa-3241	11	32	introduction	introduction	NOUN
cjfa-3241	11	33	risk	risk	NOUN
cjfa-3241	11	34	is	be	AUX
cjfa-3241	11	35	a	a	DET
cjfa-3241	11	36	basic	basic	ADJ
cjfa-3241	11	37	economic	economic	ADJ
cjfa-3241	11	38	phenomenon	phenomenon	NOUN
cjfa-3241	11	39	present	present	ADJ
cjfa-3241	11	40	in	in	ADP
cjfa-3241	11	41	contemporary	contemporary	ADJ
cjfa-3241	11	42	systems	system	NOUN
cjfa-3241	11	43	of	of	ADP
cjfa-3241	11	44	market	market	NOUN
cjfa-3241	11	45	economy	economy	NOUN
cjfa-3241	11	46	.	.	PUNCT
cjfa-3241	12	1	it	it	PRON
cjfa-3241	12	2	indispensably	indispensably	ADV
cjfa-3241	12	3	accompanies	accompany	VERB
cjfa-3241	12	4	operation	operation	NOUN
cjfa-3241	12	5	of	of	ADP
cjfa-3241	12	6	the	the	DET
cjfa-3241	12	7	functioning	function	VERB
cjfa-3241	12	8	entities	entity	NOUN
cjfa-3241	12	9	.	.	PUNCT
cjfa-3241	13	1	in	in	ADP
cjfa-3241	13	2	current	current	ADJ
cjfa-3241	13	3	conditions	condition	NOUN
cjfa-3241	13	4	of	of	ADP
cjfa-3241	13	5	globalization	globalization	NOUN
cjfa-3241	13	6	,	,	PUNCT
cjfa-3241	13	7	liberalization	liberalization	NOUN
cjfa-3241	13	8	of	of	ADP
cjfa-3241	13	9	capital	capital	NOUN
cjfa-3241	13	10	flows	flow	NOUN
cjfa-3241	13	11	and	and	CCONJ
cjfa-3241	13	12	growing	grow	VERB
cjfa-3241	13	13	competition	competition	NOUN
cjfa-3241	13	14	,	,	PUNCT
cjfa-3241	13	15	its	its	PRON
cjfa-3241	13	16	meaning	meaning	NOUN
cjfa-3241	13	17	is	be	AUX
cjfa-3241	13	18	increasing	increase	VERB
cjfa-3241	13	19	.	.	PUNCT
cjfa-3241	14	1	what	what	PRON
cjfa-3241	14	2	is	be	AUX
cjfa-3241	14	3	more	more	ADJ
cjfa-3241	14	4	,	,	PUNCT
cjfa-3241	14	5	a	a	DET
cjfa-3241	14	6	catalogue	catalogue	NOUN
cjfa-3241	14	7	of	of	ADP
cjfa-3241	14	8	its	its	PRON
cjfa-3241	14	9	identified	identify	VERB
cjfa-3241	14	10	types	type	NOUN
cjfa-3241	14	11	is	be	AUX
cjfa-3241	14	12	expanding	expand	VERB
cjfa-3241	14	13	as	as	ADV
cjfa-3241	14	14	well	well	ADV
cjfa-3241	14	15	.	.	PUNCT
cjfa-3241	15	1	in	in	ADP
cjfa-3241	15	2	such	such	ADJ
cjfa-3241	15	3	realities	reality	NOUN
cjfa-3241	15	4	,	,	PUNCT
cjfa-3241	15	5	risk	risk	NOUN
cjfa-3241	15	6	management	management	NOUN
cjfa-3241	15	7	in	in	ADP
cjfa-3241	15	8	companies	company	NOUN
cjfa-3241	15	9	takes	take	VERB
cjfa-3241	15	10	special	special	ADJ
cjfa-3241	15	11	meaning	meaning	NOUN
cjfa-3241	15	12	.	.	PUNCT
cjfa-3241	16	1	for	for	ADP
cjfa-3241	16	2	the	the	DET
cjfa-3241	16	3	purpose	purpose	NOUN
cjfa-3241	16	4	of	of	ADP
cjfa-3241	16	5	securing	secure	VERB
cjfa-3241	16	6	against	against	ADP
cjfa-3241	16	7	negative	negative	ADJ
cjfa-3241	16	8	consequences	consequence	NOUN
cjfa-3241	16	9	of	of	ADP
cjfa-3241	16	10	risk	risk	NOUN
cjfa-3241	16	11	,	,	PUNCT
cjfa-3241	16	12	derivative	derivative	ADJ
cjfa-3241	16	13	instruments	instrument	NOUN
cjfa-3241	16	14	are	be	AUX
cjfa-3241	16	15	becoming	becoming	AUX
cjfa-3241	16	16	applied	apply	VERB
cjfa-3241	16	17	more	more	ADV
cjfa-3241	16	18	widely	widely	ADV
cjfa-3241	16	19	.	.	PUNCT
cjfa-3241	17	1	regarding	regard	VERB
cjfa-3241	17	2	validity	validity	NOUN
cjfa-3241	17	3	of	of	ADP
cjfa-3241	17	4	this	this	DET
cjfa-3241	17	5	problem	problem	NOUN
cjfa-3241	17	6	,	,	PUNCT
cjfa-3241	17	7	and	and	CCONJ
cjfa-3241	17	8	its	its	PRON
cjfa-3241	17	9	meaning	meaning	NOUN
cjfa-3241	17	10	,	,	PUNCT
cjfa-3241	17	11	aim	aim	NOUN
cjfa-3241	17	12	of	of	ADP
cjfa-3241	17	13	this	this	DET
cjfa-3241	17	14	article	article	NOUN
cjfa-3241	17	15	is	be	AUX
cjfa-3241	17	16	to	to	PART
cjfa-3241	17	17	present	present	VERB
cjfa-3241	17	18	the	the	DET
cjfa-3241	17	19	application	application	NOUN
cjfa-3241	17	20	of	of	ADP
cjfa-3241	17	21	derivatives	derivative	NOUN
cjfa-3241	17	22	for	for	ADP
cjfa-3241	17	23	the	the	DET
cjfa-3241	17	24	need	need	NOUN
cjfa-3241	17	25	of	of	ADP
cjfa-3241	17	26	market	market	NOUN
cjfa-3241	17	27	risk	risk	NOUN
cjfa-3241	17	28	management	management	NOUN
cjfa-3241	17	29	,	,	PUNCT
cjfa-3241	17	30	based	base	VERB
cjfa-3241	17	31	on	on	ADP
cjfa-3241	17	32	the	the	DET
cjfa-3241	17	33	example	example	NOUN
cjfa-3241	17	34	of	of	ADP
cjfa-3241	17	35	selected	select	VERB
cjfa-3241	17	36	polish	polish	ADJ
cjfa-3241	17	37	enterprises	enterprise	NOUN
cjfa-3241	17	38	.	.	PUNCT
cjfa-3241	18	1	1	1	X
cjfa-3241	18	2	.	.	X
cjfa-3241	18	3	research	research	NOUN
cjfa-3241	18	4	methodology	methodology	NOUN
cjfa-3241	18	5	and	and	CCONJ
cjfa-3241	18	6	the	the	DET
cjfa-3241	18	7	course	course	NOUN
cjfa-3241	18	8	of	of	ADP
cjfa-3241	18	9	the	the	DET
cjfa-3241	18	10	research	research	NOUN
cjfa-3241	18	11	process	process	NOUN
cjfa-3241	18	12	choice	choice	NOUN
cjfa-3241	18	13	of	of	ADP
cjfa-3241	18	14	the	the	DET
cjfa-3241	18	15	subjects	subject	NOUN
cjfa-3241	18	16	was	be	AUX
cjfa-3241	18	17	dictated	dictate	VERB
cjfa-3241	18	18	by	by	ADP
cjfa-3241	18	19	their	their	PRON
cjfa-3241	18	20	special	special	ADJ
cjfa-3241	18	21	exposure	exposure	NOUN
cjfa-3241	18	22	to	to	ADP
cjfa-3241	18	23	a	a	DET
cjfa-3241	18	24	serious	serious	NOUN
cjfa-3241	18	25	of	of	ADP
cjfa-3241	18	26	its	its	PRON
cjfa-3241	18	27	various	various	ADJ
cjfa-3241	18	28	kinds	kind	NOUN
cjfa-3241	18	29	.	.	PUNCT
cjfa-3241	19	1	for	for	ADP
cjfa-3241	19	2	the	the	DET
cjfa-3241	19	3	purpose	purpose	NOUN
cjfa-3241	19	4	of	of	ADP
cjfa-3241	19	5	realization	realization	NOUN
cjfa-3241	19	6	of	of	ADP
cjfa-3241	19	7	the	the	DET
cjfa-3241	19	8	agreed	agree	VERB
cjfa-3241	19	9	aim	aim	NOUN
cjfa-3241	19	10	,	,	PUNCT
cjfa-3241	19	11	there	there	PRON
cjfa-3241	19	12	will	will	AUX
cjfa-3241	19	13	be	be	AUX
cjfa-3241	19	14	the	the	DET
cjfa-3241	19	15	following	follow	VERB
cjfa-3241	19	16	research	research	NOUN
cjfa-3241	19	17	methods	method	NOUN
cjfa-3241	19	18	used	use	VERB
cjfa-3241	19	19	:	:	PUNCT
cjfa-3241	19	20	descriptive	descriptive	ADJ
cjfa-3241	19	21	,	,	PUNCT
cjfa-3241	19	22	comparative	comparative	ADJ
cjfa-3241	19	23	,	,	PUNCT
cjfa-3241	19	24	analysis	analysis	NOUN
cjfa-3241	19	25	of	of	ADP
cjfa-3241	19	26	subject	subject	ADJ
cjfa-3241	19	27	literature	literature	NOUN
cjfa-3241	19	28	and	and	CCONJ
cjfa-3241	19	29	case	case	NOUN
cjfa-3241	19	30	study	study	NOUN
cjfa-3241	19	31	.	.	PUNCT
cjfa-3241	20	1	2	2	X
cjfa-3241	20	2	.	.	X
cjfa-3241	20	3	notion	notion	NOUN
cjfa-3241	20	4	and	and	CCONJ
cjfa-3241	20	5	types	type	NOUN
cjfa-3241	20	6	of	of	ADP
cjfa-3241	20	7	risk	risk	NOUN
cjfa-3241	20	8	origin	origin	NOUN
cjfa-3241	20	9	of	of	ADP
cjfa-3241	20	10	the	the	DET
cjfa-3241	20	11	term	term	NOUN
cjfa-3241	20	12	‘	'	PUNCT
cjfa-3241	20	13	risk	risk	NOUN
cjfa-3241	20	14	’	'	PUNCT
cjfa-3241	20	15	is	be	AUX
cjfa-3241	20	16	ascribed	ascribe	VERB
cjfa-3241	20	17	to	to	ADP
cjfa-3241	20	18	an	an	DET
cjfa-3241	20	19	italian	italian	ADJ
cjfa-3241	20	20	word	word	NOUN
cjfa-3241	20	21	riscare	riscare	ADV
cjfa-3241	20	22	,	,	PUNCT
cjfa-3241	20	23	which	which	PRON
cjfa-3241	20	24	means	mean	VERB
cjfa-3241	20	25	to	to	PART
cjfa-3241	20	26	dare	dare	VERB
cjfa-3241	20	27	,	,	PUNCT
cjfa-3241	20	28	to	to	PART
cjfa-3241	20	29	venture	venture	VERB
cjfa-3241	20	30	.	.	PUNCT
cjfa-3241	21	1	there	there	PRON
cjfa-3241	21	2	are	be	VERB
cjfa-3241	21	3	two	two	NUM
cjfa-3241	21	4	approaches	approach	NOUN
cjfa-3241	21	5	that	that	PRON
cjfa-3241	21	6	aim	aim	VERB
cjfa-3241	21	7	at	at	ADP
cjfa-3241	21	8	explaining	explain	VERB
cjfa-3241	21	9	this	this	DET
cjfa-3241	21	10	key	key	ADJ
cjfa-3241	21	11	notion	notion	NOUN
cjfa-3241	21	12	presented	present	VERB
cjfa-3241	21	13	in	in	ADP
cjfa-3241	21	14	literature	literature	NOUN
cjfa-3241	21	15	of	of	ADP
cjfa-3241	21	16	the	the	DET
cjfa-3241	21	17	subject	subject	NOUN
cjfa-3241	21	18	.	.	PUNCT
cjfa-3241	22	1	in	in	ADP
cjfa-3241	22	2	the	the	DET
cjfa-3241	22	3	first	first	ADJ
cjfa-3241	22	4	one	one	NUM
cjfa-3241	22	5	,	,	PUNCT
cjfa-3241	22	6	risk	risk	NOUN
cjfa-3241	22	7	is	be	AUX
cjfa-3241	22	8	treated	treat	VERB
cjfa-3241	22	9	as	as	ADP
cjfa-3241	22	10	uncertainty	uncertainty	NOUN
cjfa-3241	22	11	towards	towards	ADP
cjfa-3241	22	12	a	a	DET
cjfa-3241	22	13	future	future	ADJ
cjfa-3241	22	14	event	event	NOUN
cjfa-3241	22	15	(	(	PUNCT
cjfa-3241	22	16	drake	drake	NOUN
cjfa-3241	22	17	,	,	PUNCT
cjfa-3241	22	18	fabozzi	fabozzi	NOUN
cjfa-3241	22	19	2010	2010	NUM
cjfa-3241	22	20	,	,	PUNCT
cjfa-3241	22	21	185	185	NUM
cjfa-3241	22	22	)	)	PUNCT
cjfa-3241	22	23	.	.	PUNCT
cjfa-3241	23	1	when	when	SCONJ
cjfa-3241	23	2	it	it	PRON
cjfa-3241	23	3	comes	come	VERB
cjfa-3241	23	4	to	to	ADP
cjfa-3241	23	5	this	this	DET
cjfa-3241	23	6	work	work	NOUN
cjfa-3241	23	7	,	,	PUNCT
cjfa-3241	23	8	the	the	DET
cjfa-3241	23	9	second	second	ADJ
cjfa-3241	23	10	approach	approach	NOUN
cjfa-3241	23	11	differentiating	differentiate	VERB
cjfa-3241	23	12	categories	category	NOUN
cjfa-3241	23	13	of	of	ADP
cjfa-3241	23	14	risk	risk	NOUN
cjfa-3241	23	15	and	and	CCONJ
cjfa-3241	23	16	uncertainty	uncertainty	NOUN
cjfa-3241	23	17	will	will	AUX
cjfa-3241	23	18	be	be	AUX
cjfa-3241	23	19	applied	apply	VERB
cjfa-3241	23	20	.	.	PUNCT
cjfa-3241	24	1	the	the	DET
cjfa-3241	24	2	notion	notion	NOUN
cjfa-3241	24	3	of	of	ADP
cjfa-3241	24	4	risk	risk	NOUN
cjfa-3241	24	5	refers	refer	VERB
cjfa-3241	24	6	to	to	ADP
cjfa-3241	24	7	a	a	DET
cjfa-3241	24	8	situation	situation	NOUN
cjfa-3241	24	9	,	,	PUNCT
cjfa-3241	24	10	when	when	SCONJ
cjfa-3241	24	11	only	only	ADV
cjfa-3241	24	12	its	its	PRON
cjfa-3241	24	13	future	future	ADJ
cjfa-3241	24	14	result	result	NOUN
cjfa-3241	24	15	is	be	AUX
cjfa-3241	24	16	unknown	unknown	ADJ
cjfa-3241	24	17	,	,	PUNCT
cjfa-3241	24	18	but	but	CCONJ
cjfa-3241	24	19	it	it	PRON
cjfa-3241	24	20	is	be	AUX
cjfa-3241	24	21	possible	possible	ADJ
cjfa-3241	24	22	to	to	PART
cjfa-3241	24	23	identify	identify	VERB
cjfa-3241	24	24	this	this	DET
cjfa-3241	24	25	result	result	NOUN
cjfa-3241	24	26	’s	’s	PART
cjfa-3241	24	27	alternatives	alternative	NOUN
cjfa-3241	24	28	,	,	PUNCT
cjfa-3241	24	29	together	together	ADV
cjfa-3241	24	30	with	with	ADP
cjfa-3241	24	31	probability	probability	NOUN
cjfa-3241	24	32	that	that	SCONJ
cjfa-3241	24	33	they	they	PRON
cjfa-3241	24	34	will	will	AUX
cjfa-3241	24	35	appear	appear	VERB
cjfa-3241	24	36	.	.	PUNCT
cjfa-3241	25	1	in	in	ADP
cjfa-3241	25	2	turn	turn	NOUN
cjfa-3241	25	3	,	,	PUNCT
cjfa-3241	25	4	the	the	DET
cjfa-3241	25	5	term	term	NOUN
cjfa-3241	25	6	uncertainty	uncertainty	NOUN
cjfa-3241	25	7	determines	determine	VERB
cjfa-3241	25	8	a	a	DET
cjfa-3241	25	9	state	state	NOUN
cjfa-3241	25	10	,	,	PUNCT
cjfa-3241	25	11	where	where	SCONJ
cjfa-3241	25	12	there	there	PRON
cjfa-3241	25	13	is	be	VERB
cjfa-3241	25	14	no	no	DET
cjfa-3241	25	15	opportunity	opportunity	NOUN
cjfa-3241	25	16	to	to	PART
cjfa-3241	25	17	conceptualize	conceptualize	VERB
cjfa-3241	25	18	neither	neither	CCONJ
cjfa-3241	25	19	all	all	DET
cjfa-3241	25	20	variants	variant	NOUN
cjfa-3241	25	21	of	of	ADP
cjfa-3241	25	22	a	a	DET
cjfa-3241	25	23	given	give	VERB
cjfa-3241	25	24	action	action	NOUN
cjfa-3241	25	25	nor	nor	CCONJ
cjfa-3241	25	26	the	the	DET
cjfa-3241	25	27	chances	chance	NOUN
cjfa-3241	25	28	that	that	SCONJ
cjfa-3241	25	29	it	it	PRON
cjfa-3241	25	30	will	will	AUX
cjfa-3241	25	31	take	take	VERB
cjfa-3241	25	32	place	place	NOUN
cjfa-3241	25	33	(	(	PUNCT
cjfa-3241	25	34	dziawgo	dziawgo	PROPN
cjfa-3241	25	35	1997	1997	NUM
cjfa-3241	25	36	,	,	PUNCT
cjfa-3241	25	37	14	14	NUM
cjfa-3241	25	38	;	;	PUNCT
cjfa-3241	25	39	wachowiak	wachowiak	NOUN
cjfa-3241	25	40	2006	2006	NUM
cjfa-3241	25	41	,	,	PUNCT
cjfa-3241	25	42	249	249	NUM
cjfa-3241	25	43	)	)	PUNCT
cjfa-3241	25	44	.	.	PUNCT
cjfa-3241	26	1	the	the	DET
cjfa-3241	26	2	accepted	accepted	ADJ
cjfa-3241	26	3	way	way	NOUN
cjfa-3241	26	4	of	of	ADP
cjfa-3241	26	5	looking	look	VERB
cjfa-3241	26	6	on	on	ADP
cjfa-3241	26	7	the	the	DET
cjfa-3241	26	8	notion	notion	NOUN
cjfa-3241	26	9	of	of	ADP
cjfa-3241	26	10	risk	risk	NOUN
cjfa-3241	26	11	determines	determine	VERB
cjfa-3241	26	12	a	a	DET
cjfa-3241	26	13	wide	wide	ADJ
cjfa-3241	26	14	array	array	NOUN
cjfa-3241	26	15	of	of	ADP
cjfa-3241	26	16	its	its	PRON
cjfa-3241	26	17	all	all	DET
cjfa-3241	26	18	kinds	kind	NOUN
cjfa-3241	26	19	.	.	PUNCT
cjfa-3241	27	1	depending	depend	VERB
cjfa-3241	27	2	on	on	ADP
cjfa-3241	27	3	the	the	DET
cjfa-3241	27	4	criteria	criterion	NOUN
cjfa-3241	27	5	that	that	PRON
cjfa-3241	27	6	are	be	AUX
cjfa-3241	27	7	followed	follow	VERB
cjfa-3241	27	8	,	,	PUNCT
cjfa-3241	27	9	there	there	PRON
cjfa-3241	27	10	is	be	VERB
cjfa-3241	27	11	a	a	DET
cjfa-3241	27	12	series	series	NOUN
cjfa-3241	27	13	of	of	ADP
cjfa-3241	27	14	derivatives	derivative	NOUN
cjfa-3241	27	15	as	as	ADP
cjfa-3241	27	16	security	security	NOUN
cjfa-3241	27	17	against	against	ADP
cjfa-3241	27	18	market	market	NOUN
cjfa-3241	27	19	risk	risk	NOUN
cjfa-3241	27	20	on	on	ADP
cjfa-3241	27	21	the	the	DET
cjfa-3241	27	22	example	example	NOUN
cjfa-3241	27	23	155	155	NUM
cjfa-3241	27	24	classifications	classification	NOUN
cjfa-3241	27	25	regarding	regard	VERB
cjfa-3241	27	26	separate	separate	ADJ
cjfa-3241	27	27	types	type	NOUN
cjfa-3241	27	28	of	of	ADP
cjfa-3241	27	29	risk	risk	NOUN
cjfa-3241	27	30	.	.	PUNCT
cjfa-3241	28	1	one	one	NUM
cjfa-3241	28	2	of	of	ADP
cjfa-3241	28	3	the	the	DET
cjfa-3241	28	4	basic	basic	ADJ
cjfa-3241	28	5	division	division	NOUN
cjfa-3241	28	6	is	be	AUX
cjfa-3241	28	7	that	that	DET
cjfa-3241	28	8	differentiating	differentiate	VERB
cjfa-3241	28	9	(	(	PUNCT
cjfa-3241	28	10	dubisz	dubisz	ADJ
cjfa-3241	28	11	,	,	PUNCT
cjfa-3241	28	12	olejniczak	olejniczak	NOUN
cjfa-3241	28	13	2003	2003	NUM
cjfa-3241	28	14	,	,	PUNCT
cjfa-3241	28	15	113	113	NUM
cjfa-3241	28	16	):	):	PUNCT
cjfa-3241	28	17	■	■	PUNCT
cjfa-3241	28	18	semantic	semantic	ADJ
cjfa-3241	28	19	risk	risk	NOUN
cjfa-3241	28	20	,	,	PUNCT
cjfa-3241	28	21	caused	cause	VERB
cjfa-3241	28	22	by	by	ADP
cjfa-3241	28	23	influence	influence	NOUN
cjfa-3241	28	24	of	of	ADP
cjfa-3241	28	25	powers	power	NOUN
cjfa-3241	28	26	that	that	PRON
cjfa-3241	28	27	do	do	AUX
cjfa-3241	28	28	not	not	PART
cjfa-3241	28	29	depend	depend	VERB
cjfa-3241	28	30	on	on	ADP
cjfa-3241	28	31	a	a	DET
cjfa-3241	28	32	single	single	ADJ
cjfa-3241	28	33	entity	entity	NOUN
cjfa-3241	28	34	,	,	PUNCT
cjfa-3241	28	35	therefore	therefore	ADV
cjfa-3241	28	36	it	it	PRON
cjfa-3241	28	37	is	be	AUX
cjfa-3241	28	38	not	not	PART
cjfa-3241	28	39	under	under	ADP
cjfa-3241	28	40	this	this	DET
cjfa-3241	28	41	entity	entity	NOUN
cjfa-3241	28	42	’s	’s	PART
cjfa-3241	28	43	control	control	NOUN
cjfa-3241	28	44	.	.	PUNCT
cjfa-3241	29	1	examples	example	NOUN
cjfa-3241	29	2	of	of	ADP
cjfa-3241	29	3	this	this	DET
cjfa-3241	29	4	risk	risk	NOUN
cjfa-3241	29	5	’s	’s	PART
cjfa-3241	29	6	sources	source	NOUN
cjfa-3241	29	7	encompass	encompass	VERB
cjfa-3241	29	8	changes	change	NOUN
cjfa-3241	29	9	of	of	ADP
cjfa-3241	29	10	,	,	PUNCT
cjfa-3241	29	11	among	among	ADP
cjfa-3241	29	12	others	other	NOUN
cjfa-3241	29	13	,	,	PUNCT
cjfa-3241	29	14	interest	interest	NOUN
cjfa-3241	29	15	rate	rate	NOUN
cjfa-3241	29	16	,	,	PUNCT
cjfa-3241	29	17	currency	currency	NOUN
cjfa-3241	29	18	,	,	PUNCT
cjfa-3241	29	19	inflation	inflation	NOUN
cjfa-3241	29	20	,	,	PUNCT
cjfa-3241	29	21	legal	legal	ADJ
cjfa-3241	29	22	and	and	CCONJ
cjfa-3241	29	23	tax	tax	NOUN
cjfa-3241	29	24	regulations	regulation	NOUN
cjfa-3241	29	25	,	,	PUNCT
cjfa-3241	29	26	political	political	ADJ
cjfa-3241	29	27	and	and	CCONJ
cjfa-3241	29	28	economic	economic	ADJ
cjfa-3241	29	29	situation	situation	NOUN
cjfa-3241	29	30	(	(	PUNCT
cjfa-3241	29	31	tarczyński	tarczyński	PROPN
cjfa-3241	29	32	2003	2003	NUM
cjfa-3241	29	33	,	,	PUNCT
cjfa-3241	29	34	143–144	143–144	NUM
cjfa-3241	29	35	)	)	PUNCT
cjfa-3241	29	36	.	.	PUNCT
cjfa-3241	30	1	■	■	PUNCT
cjfa-3241	30	2	specific	specific	ADJ
cjfa-3241	30	3	risk	risk	NOUN
cjfa-3241	30	4	,	,	PUNCT
cjfa-3241	30	5	whose	whose	DET
cjfa-3241	30	6	presence	presence	NOUN
cjfa-3241	30	7	refers	refer	VERB
cjfa-3241	30	8	to	to	ADP
cjfa-3241	30	9	individual	individual	ADJ
cjfa-3241	30	10	decisions	decision	NOUN
cjfa-3241	30	11	made	make	VERB
cjfa-3241	30	12	by	by	ADP
cjfa-3241	30	13	the	the	DET
cjfa-3241	30	14	entities	entity	NOUN
cjfa-3241	30	15	.	.	PUNCT
cjfa-3241	31	1	therefore	therefore	ADV
cjfa-3241	31	2	,	,	PUNCT
cjfa-3241	31	3	it	it	PRON
cjfa-3241	31	4	is	be	AUX
cjfa-3241	31	5	controlled	control	VERB
cjfa-3241	31	6	by	by	ADP
cjfa-3241	31	7	separate	separate	ADJ
cjfa-3241	31	8	subjects	subject	NOUN
cjfa-3241	31	9	.	.	PUNCT
cjfa-3241	32	1	its	its	PRON
cjfa-3241	32	2	causes	cause	NOUN
cjfa-3241	32	3	lay	lie	VERB
cjfa-3241	32	4	in	in	ADP
cjfa-3241	32	5	such	such	ADJ
cjfa-3241	32	6	fields	field	NOUN
cjfa-3241	32	7	as	as	ADP
cjfa-3241	32	8	:	:	PUNCT
cjfa-3241	32	9	company	company	NOUN
cjfa-3241	32	10	management	management	NOUN
cjfa-3241	32	11	,	,	PUNCT
cjfa-3241	32	12	capital	capital	NOUN
cjfa-3241	32	13	structure	structure	NOUN
cjfa-3241	32	14	shaping	shaping	NOUN
cjfa-3241	32	15	,	,	PUNCT
cjfa-3241	32	16	competition	competition	NOUN
cjfa-3241	32	17	policy	policy	NOUN
cjfa-3241	32	18	,	,	PUNCT
cjfa-3241	32	19	availability	availability	NOUN
cjfa-3241	32	20	of	of	ADP
cjfa-3241	32	21	resources	resource	NOUN
cjfa-3241	32	22	,	,	PUNCT
cjfa-3241	32	23	liquidity	liquidity	NOUN
cjfa-3241	32	24	,	,	PUNCT
cjfa-3241	32	25	etc	etc	X
cjfa-3241	32	26	.	.	X
cjfa-3241	32	27	companies	company	NOUN
cjfa-3241	32	28	that	that	PRON
cjfa-3241	32	29	function	function	VERB
cjfa-3241	32	30	in	in	ADP
cjfa-3241	32	31	present	present	ADJ
cjfa-3241	32	32	market	market	NOUN
cjfa-3241	32	33	economic	economic	ADJ
cjfa-3241	32	34	system	system	NOUN
cjfa-3241	32	35	,	,	PUNCT
cjfa-3241	32	36	and	and	CCONJ
cjfa-3241	32	37	operating	operate	VERB
cjfa-3241	32	38	an	an	DET
cjfa-3241	32	39	international	international	ADJ
cjfa-3241	32	40	business	business	NOUN
cjfa-3241	32	41	enterprise	enterprise	NOUN
cjfa-3241	32	42	are	be	AUX
cjfa-3241	32	43	exposed	expose	VERB
cjfa-3241	32	44	to	to	ADP
cjfa-3241	32	45	a	a	DET
cjfa-3241	32	46	series	series	NOUN
cjfa-3241	32	47	of	of	ADP
cjfa-3241	32	48	various	various	ADJ
cjfa-3241	32	49	types	type	NOUN
cjfa-3241	32	50	of	of	ADP
cjfa-3241	32	51	risk	risk	NOUN
cjfa-3241	32	52	.	.	PUNCT
cjfa-3241	33	1	scope	scope	NOUN
cjfa-3241	33	2	of	of	ADP
cjfa-3241	33	3	their	their	PRON
cjfa-3241	33	4	presence	presence	NOUN
cjfa-3241	33	5	and	and	CCONJ
cjfa-3241	33	6	power	power	NOUN
cjfa-3241	33	7	of	of	ADP
cjfa-3241	33	8	influence	influence	NOUN
cjfa-3241	33	9	are	be	AUX
cjfa-3241	33	10	conditioned	condition	VERB
cjfa-3241	33	11	by	by	ADP
cjfa-3241	33	12	a	a	DET
cjfa-3241	33	13	specificity	specificity	NOUN
cjfa-3241	33	14	of	of	ADP
cjfa-3241	33	15	the	the	DET
cjfa-3241	33	16	operated	operate	VERB
cjfa-3241	33	17	business	business	NOUN
cjfa-3241	33	18	and	and	CCONJ
cjfa-3241	33	19	its	its	PRON
cjfa-3241	33	20	scale	scale	NOUN
cjfa-3241	33	21	.	.	PUNCT
cjfa-3241	34	1	scheme	scheme	NOUN
cjfa-3241	34	2	no	no	DET
cjfa-3241	34	3	1	1	NUM
cjfa-3241	34	4	demonstrates	demonstrate	VERB
cjfa-3241	34	5	the	the	DET
cjfa-3241	34	6	main	main	ADJ
cjfa-3241	34	7	kinds	kind	NOUN
cjfa-3241	34	8	of	of	ADP
cjfa-3241	34	9	risk	risk	NOUN
cjfa-3241	34	10	that	that	PRON
cjfa-3241	34	11	accompany	accompany	VERB
cjfa-3241	34	12	operation	operation	NOUN
cjfa-3241	34	13	of	of	ADP
cjfa-3241	34	14	contemporary	contemporary	ADJ
cjfa-3241	34	15	enterprises	enterprise	NOUN
cjfa-3241	34	16	.	.	PUNCT
cjfa-3241	35	1	scheme	scheme	NOUN
cjfa-3241	35	2	1	1	NUM
cjfa-3241	35	3	.	.	PUNCT
cjfa-3241	35	4	types	type	NOUN
cjfa-3241	35	5	of	of	ADP
cjfa-3241	35	6	risk	risk	NOUN
cjfa-3241	35	7	in	in	ADP
cjfa-3241	35	8	a	a	DET
cjfa-3241	35	9	company	company	NOUN
cjfa-3241	35	10	agement	agement	NOUN
cjfa-3241	35	11	,	,	PUNCT
cjfa-3241	35	12	capital	capital	NOUN
cjfa-3241	35	13	structure	structure	NOUN
cjfa-3241	35	14	shaping	shaping	NOUN
cjfa-3241	35	15	,	,	PUNCT
cjfa-3241	35	16	competition	competition	NOUN
cjfa-3241	35	17	policy	policy	NOUN
cjfa-3241	35	18	,	,	PUNCT
cjfa-3241	35	19	availability	availability	NOUN
cjfa-3241	35	20	of	of	ADP
cjfa-3241	35	21	resources	resource	NOUN
cjfa-3241	35	22	,	,	PUNCT
cjfa-3241	35	23	liquidity	liquidity	NOUN
cjfa-3241	35	24	,	,	PUNCT
cjfa-3241	35	25	etc	etc	X
cjfa-3241	35	26	.	.	X
cjfa-3241	35	27	companies	company	NOUN
cjfa-3241	35	28	that	that	PRON
cjfa-3241	35	29	function	function	VERB
cjfa-3241	35	30	in	in	ADP
cjfa-3241	35	31	present	present	ADJ
cjfa-3241	35	32	market	market	NOUN
cjfa-3241	35	33	economic	economic	ADJ
cjfa-3241	35	34	system	system	NOUN
cjfa-3241	35	35	,	,	PUNCT
cjfa-3241	35	36	and	and	CCONJ
cjfa-3241	35	37	operating	operate	VERB
cjfa-3241	35	38	an	an	DET
cjfa-3241	35	39	international	international	ADJ
cjfa-3241	35	40	business	business	NOUN
cjfa-3241	35	41	enterprise	enterprise	NOUN
cjfa-3241	35	42	are	be	AUX
cjfa-3241	35	43	exposed	expose	VERB
cjfa-3241	35	44	to	to	ADP
cjfa-3241	35	45	a	a	DET
cjfa-3241	35	46	series	series	NOUN
cjfa-3241	35	47	of	of	ADP
cjfa-3241	35	48	various	various	ADJ
cjfa-3241	35	49	types	type	NOUN
cjfa-3241	35	50	of	of	ADP
cjfa-3241	35	51	risk	risk	NOUN
cjfa-3241	35	52	.	.	PUNCT
cjfa-3241	36	1	scope	scope	NOUN
cjfa-3241	36	2	of	of	ADP
cjfa-3241	36	3	their	their	PRON
cjfa-3241	36	4	presence	presence	NOUN
cjfa-3241	36	5	and	and	CCONJ
cjfa-3241	36	6	power	power	NOUN
cjfa-3241	36	7	of	of	ADP
cjfa-3241	36	8	influence	influence	NOUN
cjfa-3241	36	9	are	be	AUX
cjfa-3241	36	10	conditioned	condition	VERB
cjfa-3241	36	11	by	by	ADP
cjfa-3241	36	12	a	a	DET
cjfa-3241	36	13	specificity	specificity	NOUN
cjfa-3241	36	14	of	of	ADP
cjfa-3241	36	15	the	the	DET
cjfa-3241	36	16	operated	operate	VERB
cjfa-3241	36	17	business	business	NOUN
cjfa-3241	36	18	and	and	CCONJ
cjfa-3241	36	19	its	its	PRON
cjfa-3241	36	20	scale	scale	NOUN
cjfa-3241	36	21	.	.	PUNCT
cjfa-3241	37	1	scheme	scheme	NOUN
cjfa-3241	37	2	no	no	DET
cjfa-3241	37	3	1	1	NUM
cjfa-3241	37	4	demonstrates	demonstrate	VERB
cjfa-3241	37	5	the	the	DET
cjfa-3241	37	6	main	main	ADJ
cjfa-3241	37	7	kinds	kind	NOUN
cjfa-3241	37	8	of	of	ADP
cjfa-3241	37	9	risk	risk	NOUN
cjfa-3241	37	10	that	that	PRON
cjfa-3241	37	11	accompany	accompany	VERB
cjfa-3241	37	12	operation	operation	NOUN
cjfa-3241	37	13	of	of	ADP
cjfa-3241	37	14	contemporary	contemporary	ADJ
cjfa-3241	37	15	enterprises	enterprise	NOUN
cjfa-3241	37	16	.	.	PUNCT
cjfa-3241	38	1	scheme	scheme	NOUN
cjfa-3241	38	2	1	1	NUM
cjfa-3241	38	3	.	.	PUNCT
cjfa-3241	38	4	types	type	NOUN
cjfa-3241	38	5	of	of	ADP
cjfa-3241	38	6	risk	risk	NOUN
cjfa-3241	38	7	in	in	ADP
cjfa-3241	38	8	a	a	DET
cjfa-3241	38	9	company	company	NOUN
cjfa-3241	38	10	source	source	NOUN
cjfa-3241	38	11	:	:	PUNCT
cjfa-3241	38	12	tarczyński	tarczyński	PROPN
cjfa-3241	38	13	w.	w.	PROPN
cjfa-3241	38	14	(	(	PUNCT
cjfa-3241	38	15	2003	2003	NUM
cjfa-3241	38	16	)	)	PUNCT
cjfa-3241	38	17	,	,	PUNCT
cjfa-3241	38	18	149	149	NUM
cjfa-3241	38	19	.	.	PUNCT
cjfa-3241	39	1	specificity	specificity	NOUN
cjfa-3241	39	2	of	of	ADP
cjfa-3241	39	3	risk	risk	NOUN
cjfa-3241	39	4	makes	make	VERB
cjfa-3241	39	5	it	it	PRON
cjfa-3241	39	6	impossible	impossible	ADJ
cjfa-3241	39	7	to	to	PART
cjfa-3241	39	8	become	become	AUX
cjfa-3241	39	9	eliminated	eliminate	VERB
cjfa-3241	39	10	in	in	ADP
cjfa-3241	39	11	the	the	DET
cjfa-3241	39	12	course	course	NOUN
cjfa-3241	39	13	of	of	ADP
cjfa-3241	39	14	the	the	DET
cjfa-3241	39	15	operated	operate	VERB
cjfa-3241	39	16	business	business	NOUN
cjfa-3241	39	17	(	(	PUNCT
cjfa-3241	39	18	głuchowski	głuchowski	VERB
cjfa-3241	39	19	et	et	PROPN
cjfa-3241	39	20	al	al	PROPN
cjfa-3241	39	21	.	.	PROPN
cjfa-3241	39	22	2001	2001	NUM
cjfa-3241	39	23	,	,	PUNCT
cjfa-3241	39	24	11	11	NUM
cjfa-3241	39	25	)	)	PUNCT
cjfa-3241	39	26	.	.	PUNCT
cjfa-3241	40	1	however	however	ADV
cjfa-3241	40	2	,	,	PUNCT
cjfa-3241	40	3	there	there	PRON
cjfa-3241	40	4	is	be	VERB
cjfa-3241	40	5	a	a	DET
cjfa-3241	40	6	possibility	possibility	NOUN
cjfa-3241	40	7	to	to	PART
cjfa-3241	40	8	secure	secure	VERB
cjfa-3241	40	9	against	against	ADP
cjfa-3241	40	10	some	some	DET
cjfa-3241	40	11	types	type	NOUN
cjfa-3241	40	12	of	of	ADP
cjfa-3241	40	13	risk	risk	NOUN
cjfa-3241	40	14	.	.	PUNCT
cjfa-3241	41	1	for	for	ADP
cjfa-3241	41	2	that	that	DET
cjfa-3241	41	3	purpose	purpose	NOUN
cjfa-3241	41	4	,	,	PUNCT
cjfa-3241	41	5	it	it	PRON
cjfa-3241	41	6	is	be	AUX
cjfa-3241	41	7	necessary	necessary	ADJ
cjfa-3241	41	8	to	to	PART
cjfa-3241	41	9	start	start	VERB
cjfa-3241	41	10	with	with	ADP
cjfa-3241	41	11	its	its	PRON
cjfa-3241	41	12	identification	identification	NOUN
cjfa-3241	41	13	and	and	CCONJ
cjfa-3241	41	14	measurement	measurement	NOUN
cjfa-3241	41	15	.	.	PUNCT
cjfa-3241	42	1	afterwards	afterwards	ADV
cjfa-3241	42	2	,	,	PUNCT
cjfa-3241	42	3	within	within	ADP
cjfa-3241	42	4	the	the	DET
cjfa-3241	42	5	framework	framework	NOUN
cjfa-3241	42	6	of	of	ADP
cjfa-3241	42	7	financial	financial	ADJ
cjfa-3241	42	8	control	control	NOUN
cjfa-3241	42	9	of	of	ADP
cjfa-3241	42	10	risk	risk	NOUN
cjfa-3241	42	11	,	,	PUNCT
cjfa-3241	42	12	one	one	PRON
cjfa-3241	42	13	may	may	AUX
cjfa-3241	42	14	independently	independently	ADV
cjfa-3241	42	15	manage	manage	VERB
cjfa-3241	42	16	the	the	DET
cjfa-3241	42	17	risk	risk	NOUN
cjfa-3241	42	18	or	or	CCONJ
cjfa-3241	42	19	transfer	transfer	VERB
cjfa-3241	42	20	it	it	PRON
cjfa-3241	42	21	to	to	ADP
cjfa-3241	42	22	another	another	DET
cjfa-3241	42	23	entity	entity	NOUN
cjfa-3241	42	24	.	.	PUNCT
cjfa-3241	43	1	basic	basic	ADJ
cjfa-3241	43	2	methods	method	NOUN
cjfa-3241	43	3	of	of	ADP
cjfa-3241	43	4	transferring	transfer	VERB
cjfa-3241	43	5	risk	risk	NOUN
cjfa-3241	43	6	embrace	embrace	NOUN
cjfa-3241	43	7	insurance	insurance	NOUN
cjfa-3241	43	8	and	and	CCONJ
cjfa-3241	43	9	hedging	hedging	NOUN
cjfa-3241	43	10	.	.	PUNCT
cjfa-3241	44	1	the	the	DET
cjfa-3241	44	2	essence	essence	NOUN
cjfa-3241	44	3	of	of	ADP
cjfa-3241	44	4	hedging	hedging	NOUN
cjfa-3241	44	5	includes	include	VERB
cjfa-3241	44	6	use	use	NOUN
cjfa-3241	44	7	of	of	ADP
cjfa-3241	44	8	derivative	derivative	ADJ
cjfa-3241	44	9	instruments	instrument	NOUN
cjfa-3241	44	10	in	in	ADP
cjfa-3241	44	11	order	order	NOUN
cjfa-3241	44	12	to	to	ADP
cjfa-3241	44	13	limiting	limit	VERB
cjfa-3241	44	14	a	a	DET
cjfa-3241	44	15	certain	certain	ADJ
cjfa-3241	44	16	type	type	NOUN
cjfa-3241	44	17	of	of	ADP
cjfa-3241	44	18	risk	risk	NOUN
cjfa-3241	44	19	.	.	PUNCT
cjfa-3241	45	1	it	it	PRON
cjfa-3241	45	2	is	be	AUX
cjfa-3241	45	3	achieved	achieve	VERB
cjfa-3241	45	4	via	via	ADP
cjfa-3241	45	5	a	a	DET
cjfa-3241	45	6	forward	forward	ADJ
cjfa-3241	45	7	transaction	transaction	NOUN
cjfa-3241	45	8	referring	refer	VERB
cjfa-3241	45	9	to	to	ADP
cjfa-3241	45	10	a	a	DET
cjfa-3241	45	11	given	give	VERB
cjfa-3241	45	12	basic	basic	ADJ
cjfa-3241	45	13	item	item	NOUN
cjfa-3241	45	14	,	,	PUNCT
cjfa-3241	45	15	in	in	ADP
cjfa-3241	45	16	a	a	DET
cjfa-3241	45	17	way	way	NOUN
cjfa-3241	45	18	that	that	PRON
cjfa-3241	45	19	enables	enable	VERB
cjfa-3241	45	20	mutual	mutual	ADJ
cjfa-3241	45	21	compensation	compensation	NOUN
cjfa-3241	45	22	of	of	ADP
cjfa-3241	45	23	their	their	PRON
cjfa-3241	45	24	value	value	NOUN
cjfa-3241	45	25	.	.	PUNCT
cjfa-3241	46	1	thanks	thank	NOUN
cjfa-3241	46	2	to	to	ADP
cjfa-3241	46	3	this	this	DET
cjfa-3241	46	4	procedure	procedure	NOUN
cjfa-3241	46	5	,	,	PUNCT
cjfa-3241	46	6	decreases	decrease	VERB
cjfa-3241	46	7	in	in	ADP
cjfa-3241	46	8	value	value	NOUN
cjfa-3241	46	9	of	of	ADP
cjfa-3241	46	10	the	the	DET
cjfa-3241	46	11	protected	protect	VERB
cjfa-3241	46	12	item	item	NOUN
cjfa-3241	46	13	are	be	AUX
cjfa-3241	46	14	compensated	compensate	VERB
cjfa-3241	46	15	business	business	NOUN
cjfa-3241	46	16	risk	risk	NOUN
cjfa-3241	46	17	risk	risk	NOUN
cjfa-3241	46	18	in	in	ADP
cjfa-3241	46	19	a	a	DET
cjfa-3241	46	20	company	company	NOUN
cjfa-3241	46	21	operation	operation	NOUN
cjfa-3241	46	22	risk	risk	NOUN
cjfa-3241	46	23	credit	credit	NOUN
cjfa-3241	46	24	risk	risk	NOUN
cjfa-3241	46	25	market	market	NOUN
cjfa-3241	46	26	risk	risk	NOUN
cjfa-3241	46	27	foreign	foreign	ADJ
cjfa-3241	46	28	exchange	exchange	NOUN
cjfa-3241	46	29	risk	risk	NOUN
cjfa-3241	46	30	interest	interest	NOUN
cjfa-3241	46	31	rates	rate	NOUN
cjfa-3241	46	32	risk	risk	VERB
cjfa-3241	46	33	liquidity	liquidity	NOUN
cjfa-3241	46	34	of	of	ADP
cjfa-3241	46	35	financial	financial	ADJ
cjfa-3241	46	36	instruments	instrument	NOUN
cjfa-3241	46	37	risk	risk	NOUN
cjfa-3241	46	38	commodity	commodity	NOUN
cjfa-3241	46	39	price	price	NOUN
cjfa-3241	46	40	risk	risk	NOUN
cjfa-3241	46	41	withdrawing	withdraw	VERB
cjfa-3241	46	42	capital	capital	NOUN
cjfa-3241	46	43	risk	risk	NOUN
cjfa-3241	46	44	risk	risk	NOUN
cjfa-3241	46	45	of	of	ADP
cjfa-3241	46	46	bankruptcy	bankruptcy	NOUN
cjfa-3241	46	47	country	country	NOUN
cjfa-3241	46	48	risk	risk	NOUN
cjfa-3241	46	49	business	business	NOUN
cjfa-3241	46	50	failure	failure	NOUN
cjfa-3241	46	51	risk	risk	NOUN
cjfa-3241	46	52	company	company	NOUN
cjfa-3241	46	53	liquidity	liquidity	NOUN
cjfa-3241	46	54	risk	risk	NOUN
cjfa-3241	46	55	concentration	concentration	NOUN
cjfa-3241	46	56	risk	risk	NOUN
cjfa-3241	46	57	second	second	ADJ
cjfa-3241	46	58	party	party	NOUN
cjfa-3241	46	59	of	of	ADP
cjfa-3241	46	60	transaction	transaction	NOUN
cjfa-3241	46	61	risk	risk	NOUN
cjfa-3241	46	62	organizational	organizational	ADJ
cjfa-3241	46	63	risk	risk	NOUN
cjfa-3241	46	64	risk	risk	NOUN
cjfa-3241	46	65	of	of	ADP
cjfa-3241	46	66	control	control	NOUN
cjfa-3241	46	67	system	system	NOUN
cjfa-3241	46	68	risk	risk	NOUN
cjfa-3241	46	69	fraud	fraud	NOUN
cjfa-3241	46	70	risk	risk	NOUN
cjfa-3241	46	71	catastrophic	catastrophic	ADJ
cjfa-3241	46	72	risk	risk	NOUN
cjfa-3241	46	73	regulatory	regulatory	ADJ
cjfa-3241	46	74	risk	risk	NOUN
cjfa-3241	46	75	administrative	administrative	ADJ
cjfa-3241	46	76	risk	risk	NOUN
cjfa-3241	46	77	risk	risk	NOUN
cjfa-3241	46	78	of	of	ADP
cjfa-3241	46	79	sales	sale	NOUN
cjfa-3241	46	80	reputation	reputation	NOUN
cjfa-3241	46	81	risk	risk	NOUN
cjfa-3241	46	82	product	product	NOUN
cjfa-3241	46	83	risk	risk	NOUN
cjfa-3241	46	84	competition	competition	NOUN
cjfa-3241	46	85	risk	risk	NOUN
cjfa-3241	46	86	products	product	NOUN
cjfa-3241	46	87	quality	quality	NOUN
cjfa-3241	46	88	risk	risk	NOUN
cjfa-3241	46	89	risk	risk	NOUN
cjfa-3241	46	90	of	of	ADP
cjfa-3241	46	91	economic	economic	ADJ
cjfa-3241	46	92	environment	environment	NOUN
cjfa-3241	46	93	s	s	PART
cjfa-3241	46	94	o	o	NOUN
cjfa-3241	46	95	u	u	NOUN
cjfa-3241	46	96	r	r	NOUN
cjfa-3241	46	97	c	c	NOUN
cjfa-3241	46	98	e	e	NOUN
cjfa-3241	46	99	:	:	PUNCT
cjfa-3241	46	100	tarczyński	tarczyński	PROPN
cjfa-3241	46	101	w.	w.	PROPN
cjfa-3241	46	102	(	(	PUNCT
cjfa-3241	46	103	2003	2003	NUM
cjfa-3241	46	104	)	)	PUNCT
cjfa-3241	46	105	,	,	PUNCT
cjfa-3241	46	106	149	149	NUM
cjfa-3241	46	107	.	.	PUNCT
cjfa-3241	47	1	jarosław	jarosław	PROPN
cjfa-3241	47	2	pawłowski156	pawłowski156	PROPN
cjfa-3241	47	3	specificity	specificity	NOUN
cjfa-3241	47	4	of	of	ADP
cjfa-3241	47	5	risk	risk	NOUN
cjfa-3241	47	6	makes	make	VERB
cjfa-3241	47	7	it	it	PRON
cjfa-3241	47	8	impossible	impossible	ADJ
cjfa-3241	47	9	to	to	PART
cjfa-3241	47	10	become	become	AUX
cjfa-3241	47	11	eliminated	eliminate	VERB
cjfa-3241	47	12	in	in	ADP
cjfa-3241	47	13	the	the	DET
cjfa-3241	47	14	course	course	NOUN
cjfa-3241	47	15	of	of	ADP
cjfa-3241	47	16	the	the	DET
cjfa-3241	47	17	operated	operate	VERB
cjfa-3241	47	18	business	business	NOUN
cjfa-3241	47	19	(	(	PUNCT
cjfa-3241	47	20	głuchowski	głuchowski	VERB
cjfa-3241	47	21	et	et	PROPN
cjfa-3241	47	22	al	al	PROPN
cjfa-3241	47	23	.	.	PROPN
cjfa-3241	47	24	2001	2001	NUM
cjfa-3241	47	25	,	,	PUNCT
cjfa-3241	47	26	11	11	NUM
cjfa-3241	47	27	)	)	PUNCT
cjfa-3241	47	28	.	.	PUNCT
cjfa-3241	48	1	however	however	ADV
cjfa-3241	48	2	,	,	PUNCT
cjfa-3241	48	3	there	there	PRON
cjfa-3241	48	4	is	be	VERB
cjfa-3241	48	5	a	a	DET
cjfa-3241	48	6	possibility	possibility	NOUN
cjfa-3241	48	7	to	to	PART
cjfa-3241	48	8	secure	secure	VERB
cjfa-3241	48	9	against	against	ADP
cjfa-3241	48	10	some	some	DET
cjfa-3241	48	11	types	type	NOUN
cjfa-3241	48	12	of	of	ADP
cjfa-3241	48	13	risk	risk	NOUN
cjfa-3241	48	14	.	.	PUNCT
cjfa-3241	49	1	for	for	ADP
cjfa-3241	49	2	that	that	DET
cjfa-3241	49	3	purpose	purpose	NOUN
cjfa-3241	49	4	,	,	PUNCT
cjfa-3241	49	5	it	it	PRON
cjfa-3241	49	6	is	be	AUX
cjfa-3241	49	7	necessary	necessary	ADJ
cjfa-3241	49	8	to	to	PART
cjfa-3241	49	9	start	start	VERB
cjfa-3241	49	10	with	with	ADP
cjfa-3241	49	11	its	its	PRON
cjfa-3241	49	12	identification	identification	NOUN
cjfa-3241	49	13	and	and	CCONJ
cjfa-3241	49	14	measurement	measurement	NOUN
cjfa-3241	49	15	.	.	PUNCT
cjfa-3241	50	1	afterwards	afterwards	ADV
cjfa-3241	50	2	,	,	PUNCT
cjfa-3241	50	3	within	within	ADP
cjfa-3241	50	4	the	the	DET
cjfa-3241	50	5	framework	framework	NOUN
cjfa-3241	50	6	of	of	ADP
cjfa-3241	50	7	financial	financial	ADJ
cjfa-3241	50	8	control	control	NOUN
cjfa-3241	50	9	of	of	ADP
cjfa-3241	50	10	risk	risk	NOUN
cjfa-3241	50	11	,	,	PUNCT
cjfa-3241	50	12	one	one	PRON
cjfa-3241	50	13	may	may	AUX
cjfa-3241	50	14	independently	independently	ADV
cjfa-3241	50	15	manage	manage	VERB
cjfa-3241	50	16	the	the	DET
cjfa-3241	50	17	risk	risk	NOUN
cjfa-3241	50	18	or	or	CCONJ
cjfa-3241	50	19	transfer	transfer	VERB
cjfa-3241	50	20	it	it	PRON
cjfa-3241	50	21	to	to	ADP
cjfa-3241	50	22	another	another	DET
cjfa-3241	50	23	entity	entity	NOUN
cjfa-3241	50	24	.	.	PUNCT
cjfa-3241	51	1	basic	basic	ADJ
cjfa-3241	51	2	methods	method	NOUN
cjfa-3241	51	3	of	of	ADP
cjfa-3241	51	4	transferring	transfer	VERB
cjfa-3241	51	5	risk	risk	NOUN
cjfa-3241	51	6	embrace	embrace	NOUN
cjfa-3241	51	7	insurance	insurance	NOUN
cjfa-3241	51	8	and	and	CCONJ
cjfa-3241	51	9	hedging	hedging	NOUN
cjfa-3241	51	10	.	.	PUNCT
cjfa-3241	52	1	the	the	DET
cjfa-3241	52	2	essence	essence	NOUN
cjfa-3241	52	3	of	of	ADP
cjfa-3241	52	4	hedging	hedging	NOUN
cjfa-3241	52	5	includes	include	VERB
cjfa-3241	52	6	use	use	NOUN
cjfa-3241	52	7	of	of	ADP
cjfa-3241	52	8	derivative	derivative	ADJ
cjfa-3241	52	9	instruments	instrument	NOUN
cjfa-3241	52	10	in	in	ADP
cjfa-3241	52	11	order	order	NOUN
cjfa-3241	52	12	to	to	ADP
cjfa-3241	52	13	limiting	limit	VERB
cjfa-3241	52	14	a	a	DET
cjfa-3241	52	15	certain	certain	ADJ
cjfa-3241	52	16	type	type	NOUN
cjfa-3241	52	17	of	of	ADP
cjfa-3241	52	18	risk	risk	NOUN
cjfa-3241	52	19	.	.	PUNCT
cjfa-3241	53	1	it	it	PRON
cjfa-3241	53	2	is	be	AUX
cjfa-3241	53	3	achieved	achieve	VERB
cjfa-3241	53	4	via	via	ADP
cjfa-3241	53	5	a	a	DET
cjfa-3241	53	6	forward	forward	ADJ
cjfa-3241	53	7	transaction	transaction	NOUN
cjfa-3241	53	8	referring	refer	VERB
cjfa-3241	53	9	to	to	ADP
cjfa-3241	53	10	a	a	DET
cjfa-3241	53	11	given	give	VERB
cjfa-3241	53	12	basic	basic	ADJ
cjfa-3241	53	13	item	item	NOUN
cjfa-3241	53	14	,	,	PUNCT
cjfa-3241	53	15	in	in	ADP
cjfa-3241	53	16	a	a	DET
cjfa-3241	53	17	way	way	NOUN
cjfa-3241	53	18	that	that	PRON
cjfa-3241	53	19	enables	enable	VERB
cjfa-3241	53	20	mutual	mutual	ADJ
cjfa-3241	53	21	compensation	compensation	NOUN
cjfa-3241	53	22	of	of	ADP
cjfa-3241	53	23	their	their	PRON
cjfa-3241	53	24	value	value	NOUN
cjfa-3241	53	25	.	.	PUNCT
cjfa-3241	54	1	thanks	thank	NOUN
cjfa-3241	54	2	to	to	ADP
cjfa-3241	54	3	this	this	DET
cjfa-3241	54	4	procedure	procedure	NOUN
cjfa-3241	54	5	,	,	PUNCT
cjfa-3241	54	6	decreases	decrease	VERB
cjfa-3241	54	7	in	in	ADP
cjfa-3241	54	8	value	value	NOUN
cjfa-3241	54	9	of	of	ADP
cjfa-3241	54	10	the	the	DET
cjfa-3241	54	11	protected	protect	VERB
cjfa-3241	54	12	item	item	NOUN
cjfa-3241	54	13	are	be	AUX
cjfa-3241	54	14	compensated	compensate	VERB
cjfa-3241	54	15	with	with	ADP
cjfa-3241	54	16	profits	profit	NOUN
cjfa-3241	54	17	from	from	ADP
cjfa-3241	54	18	the	the	DET
cjfa-3241	54	19	derivatives	derivative	NOUN
cjfa-3241	54	20	and	and	CCONJ
cjfa-3241	54	21	the	the	DET
cjfa-3241	54	22	other	other	ADJ
cjfa-3241	54	23	way	way	NOUN
cjfa-3241	54	24	round	round	ADV
cjfa-3241	54	25	(	(	PUNCT
cjfa-3241	54	26	dziawgo	dziawgo	PROPN
cjfa-3241	54	27	2010	2010	NUM
cjfa-3241	54	28	,	,	PUNCT
cjfa-3241	54	29	54–60	54–60	NUM
cjfa-3241	54	30	;	;	PUNCT
cjfa-3241	54	31	mishkin	mishkin	NOUN
cjfa-3241	54	32	2004	2004	NUM
cjfa-3241	54	33	,	,	PUNCT
cjfa-3241	54	34	309	309	NUM
cjfa-3241	54	35	;	;	PUNCT
cjfa-3241	54	36	nowaczyk	nowaczyk	NOUN
cjfa-3241	54	37	2006	2006	NUM
cjfa-3241	54	38	,	,	PUNCT
cjfa-3241	54	39	229	229	NUM
cjfa-3241	54	40	)	)	PUNCT
cjfa-3241	54	41	.	.	PUNCT
cjfa-3241	55	1	3	3	X
cjfa-3241	55	2	.	.	X
cjfa-3241	55	3	characteristic	characteristic	NOUN
cjfa-3241	55	4	of	of	ADP
cjfa-3241	55	5	derivatives	derivative	NOUN
cjfa-3241	55	6	derivative	derivative	ADJ
cjfa-3241	55	7	instrument	instrument	NOUN
cjfa-3241	55	8	is	be	AUX
cjfa-3241	55	9	some	some	DET
cjfa-3241	55	10	kind	kind	NOUN
cjfa-3241	55	11	of	of	ADP
cjfa-3241	55	12	a	a	DET
cjfa-3241	55	13	financial	financial	ADJ
cjfa-3241	55	14	instrument	instrument	NOUN
cjfa-3241	55	15	,	,	PUNCT
cjfa-3241	55	16	which	which	DET
cjfa-3241	55	17	price	price	NOUN
cjfa-3241	55	18	depends	depend	VERB
cjfa-3241	55	19	on	on	ADP
cjfa-3241	55	20	value	value	NOUN
cjfa-3241	55	21	of	of	ADP
cjfa-3241	55	22	another	another	DET
cjfa-3241	55	23	asset	asset	NOUN
cjfa-3241	55	24	,	,	PUNCT
cjfa-3241	55	25	instrument	instrument	NOUN
cjfa-3241	55	26	or	or	CCONJ
cjfa-3241	55	27	parameter	parameter	NOUN
cjfa-3241	55	28	,	,	PUNCT
cjfa-3241	55	29	that	that	SCONJ
cjfa-3241	55	30	it	it	PRON
cjfa-3241	55	31	was	be	AUX
cjfa-3241	55	32	issued	issue	VERB
cjfa-3241	55	33	for	for	ADP
cjfa-3241	55	34	,	,	PUNCT
cjfa-3241	55	35	and	and	CCONJ
cjfa-3241	55	36	which	which	PRON
cjfa-3241	55	37	is	be	AUX
cjfa-3241	55	38	called	call	VERB
cjfa-3241	55	39	an	an	DET
cjfa-3241	55	40	underlying	underlie	VERB
cjfa-3241	55	41	instrument	instrument	NOUN
cjfa-3241	55	42	(	(	PUNCT
cjfa-3241	55	43	hull	hull	NOUN
cjfa-3241	55	44	2009	2009	NUM
cjfa-3241	55	45	,	,	PUNCT
cjfa-3241	55	46	1	1	NUM
cjfa-3241	55	47	;	;	PUNCT
cjfa-3241	55	48	durbin	durbin	ADJ
cjfa-3241	55	49	2011	2011	NUM
cjfa-3241	55	50	,	,	PUNCT
cjfa-3241	55	51	3	3	NUM
cjfa-3241	55	52	)	)	PUNCT
cjfa-3241	55	53	.	.	PUNCT
cjfa-3241	56	1	intensive	intensive	ADJ
cjfa-3241	56	2	development	development	NOUN
cjfa-3241	56	3	of	of	ADP
cjfa-3241	56	4	derivative	derivative	ADJ
cjfa-3241	56	5	instruments	instrument	NOUN
cjfa-3241	56	6	market	market	NOUN
cjfa-3241	56	7	have	have	AUX
cjfa-3241	56	8	led	lead	VERB
cjfa-3241	56	9	to	to	ADP
cjfa-3241	56	10	a	a	DET
cjfa-3241	56	11	situation	situation	NOUN
cjfa-3241	56	12	that	that	SCONJ
cjfa-3241	56	13	currently	currently	ADV
cjfa-3241	56	14	there	there	PRON
cjfa-3241	56	15	are	be	VERB
cjfa-3241	56	16	plenty	plenty	NOUN
cjfa-3241	56	17	of	of	ADP
cjfa-3241	56	18	their	their	PRON
cjfa-3241	56	19	types	type	NOUN
cjfa-3241	56	20	.	.	PUNCT
cjfa-3241	57	1	within	within	ADP
cjfa-3241	57	2	their	their	PRON
cjfa-3241	57	3	differentiated	differentiated	ADJ
cjfa-3241	57	4	catalogue	catalogue	NOUN
cjfa-3241	57	5	,	,	PUNCT
cjfa-3241	57	6	there	there	PRON
cjfa-3241	57	7	is	be	VERB
cjfa-3241	57	8	a	a	DET
cjfa-3241	57	9	series	series	NOUN
cjfa-3241	57	10	of	of	ADP
cjfa-3241	57	11	classifications	classification	NOUN
cjfa-3241	57	12	conducted	conduct	VERB
cjfa-3241	57	13	.	.	PUNCT
cjfa-3241	58	1	the	the	DET
cjfa-3241	58	2	chosen	choose	VERB
cjfa-3241	58	3	ones	one	NOUN
cjfa-3241	58	4	are	be	AUX
cjfa-3241	58	5	demonstrated	demonstrate	VERB
cjfa-3241	58	6	on	on	ADP
cjfa-3241	58	7	scheme	scheme	NOUN
cjfa-3241	58	8	2	2	NUM
cjfa-3241	58	9	.	.	PUNCT
cjfa-3241	58	10	according	accord	VERB
cjfa-3241	58	11	to	to	ADP
cjfa-3241	58	12	the	the	DET
cjfa-3241	58	13	theory	theory	NOUN
cjfa-3241	58	14	developed	develop	VERB
cjfa-3241	58	15	by	by	ADP
cjfa-3241	58	16	c.	c.	PROPN
cjfa-3241	58	17	smithson	smithson	PROPN
cjfa-3241	58	18	,	,	PUNCT
cjfa-3241	58	19	regarding	regard	VERB
cjfa-3241	58	20	financial	financial	ADJ
cjfa-3241	58	21	construction	construction	NOUN
cjfa-3241	58	22	block	block	NOUN
cjfa-3241	58	23	,	,	PUNCT
cjfa-3241	58	24	forward	forward	ADJ
cjfa-3241	58	25	contracts	contract	NOUN
cjfa-3241	58	26	and	and	CCONJ
cjfa-3241	58	27	option	option	NOUN
cjfa-3241	58	28	rights	right	NOUN
cjfa-3241	58	29	constitute	constitute	VERB
cjfa-3241	58	30	two	two	NUM
cjfa-3241	58	31	elementary	elementary	ADJ
cjfa-3241	58	32	categories	category	NOUN
cjfa-3241	58	33	of	of	ADP
cjfa-3241	58	34	derivative	derivative	ADJ
cjfa-3241	58	35	instruments	instrument	NOUN
cjfa-3241	58	36	.	.	PUNCT
cjfa-3241	59	1	this	this	PRON
cjfa-3241	59	2	is	be	AUX
cjfa-3241	59	3	cause	cause	NOUN
cjfa-3241	59	4	by	by	ADP
cjfa-3241	59	5	the	the	DET
cjfa-3241	59	6	character	character	NOUN
cjfa-3241	59	7	of	of	ADP
cjfa-3241	59	8	rights	right	NOUN
cjfa-3241	59	9	encompassed	encompass	VERB
cjfa-3241	59	10	in	in	ADP
cjfa-3241	59	11	those	those	DET
cjfa-3241	59	12	instruments	instrument	NOUN
cjfa-3241	59	13	.	.	PUNCT
cjfa-3241	60	1	on	on	ADP
cjfa-3241	60	2	their	their	PRON
cjfa-3241	60	3	basis	basis	NOUN
cjfa-3241	60	4	,	,	PUNCT
cjfa-3241	60	5	within	within	ADP
cjfa-3241	60	6	various	various	ADJ
cjfa-3241	60	7	combinations	combination	NOUN
cjfa-3241	60	8	,	,	PUNCT
cjfa-3241	60	9	it	it	PRON
cjfa-3241	60	10	is	be	AUX
cjfa-3241	60	11	possible	possible	ADJ
cjfa-3241	60	12	to	to	PART
cjfa-3241	60	13	construct	construct	VERB
cjfa-3241	60	14	other	other	ADJ
cjfa-3241	60	15	kind	kind	NOUN
cjfa-3241	60	16	of	of	ADP
cjfa-3241	60	17	derivatives	derivative	NOUN
cjfa-3241	60	18	(	(	PUNCT
cjfa-3241	60	19	nieborak	nieborak	NOUN
cjfa-3241	60	20	2004	2004	NUM
cjfa-3241	60	21	,	,	PUNCT
cjfa-3241	60	22	73	73	NUM
cjfa-3241	60	23	;	;	PUNCT
cjfa-3241	60	24	levinson	levinson	PROPN
cjfa-3241	60	25	2006	2006	NUM
cjfa-3241	60	26	;	;	PUNCT
cjfa-3241	60	27	199	199	NUM
cjfa-3241	60	28	)	)	PUNCT
cjfa-3241	60	29	.	.	PUNCT
cjfa-3241	61	1	derivatives	derivative	NOUN
cjfa-3241	61	2	as	as	ADP
cjfa-3241	61	3	security	security	NOUN
cjfa-3241	61	4	against	against	ADP
cjfa-3241	61	5	market	market	NOUN
cjfa-3241	61	6	risk	risk	NOUN
cjfa-3241	61	7	on	on	ADP
cjfa-3241	61	8	the	the	DET
cjfa-3241	61	9	example	example	NOUN
cjfa-3241	61	10	157	157	NUM
cjfa-3241	61	11	scheme	scheme	NOUN
cjfa-3241	61	12	2	2	NUM
cjfa-3241	61	13	.	.	PUNCT
cjfa-3241	61	14	different	different	ADJ
cjfa-3241	61	15	kinds	kind	NOUN
cjfa-3241	61	16	of	of	ADP
cjfa-3241	61	17	derivatives	derivative	NOUN
cjfa-3241	61	18	with	with	ADP
cjfa-3241	61	19	profits	profit	NOUN
cjfa-3241	61	20	from	from	ADP
cjfa-3241	61	21	the	the	DET
cjfa-3241	61	22	derivatives	derivative	NOUN
cjfa-3241	61	23	and	and	CCONJ
cjfa-3241	61	24	the	the	DET
cjfa-3241	61	25	other	other	ADJ
cjfa-3241	61	26	way	way	NOUN
cjfa-3241	61	27	round	round	ADV
cjfa-3241	61	28	(	(	PUNCT
cjfa-3241	61	29	dziawgo	dziawgo	PROPN
cjfa-3241	61	30	2010	2010	NUM
cjfa-3241	61	31	,	,	PUNCT
cjfa-3241	61	32	54–60	54–60	NUM
cjfa-3241	61	33	;	;	PUNCT
cjfa-3241	61	34	mishkin	mishkin	NOUN
cjfa-3241	61	35	2004	2004	NUM
cjfa-3241	61	36	,	,	PUNCT
cjfa-3241	61	37	309	309	NUM
cjfa-3241	61	38	;	;	PUNCT
cjfa-3241	61	39	nowaczyk	nowaczyk	NOUN
cjfa-3241	61	40	2006	2006	NUM
cjfa-3241	61	41	,	,	PUNCT
cjfa-3241	61	42	229	229	NUM
cjfa-3241	61	43	)	)	PUNCT
cjfa-3241	61	44	.	.	PUNCT
cjfa-3241	62	1	characteristic	characteristic	ADJ
cjfa-3241	62	2	of	of	ADP
cjfa-3241	62	3	derivatives	derivative	NOUN
cjfa-3241	62	4	derivative	derivative	ADJ
cjfa-3241	62	5	instrument	instrument	NOUN
cjfa-3241	62	6	is	be	AUX
cjfa-3241	62	7	some	some	DET
cjfa-3241	62	8	kind	kind	NOUN
cjfa-3241	62	9	of	of	ADP
cjfa-3241	62	10	a	a	DET
cjfa-3241	62	11	financial	financial	ADJ
cjfa-3241	62	12	instrument	instrument	NOUN
cjfa-3241	62	13	,	,	PUNCT
cjfa-3241	62	14	which	which	DET
cjfa-3241	62	15	price	price	NOUN
cjfa-3241	62	16	depends	depend	VERB
cjfa-3241	62	17	on	on	ADP
cjfa-3241	62	18	value	value	NOUN
cjfa-3241	62	19	of	of	ADP
cjfa-3241	62	20	another	another	DET
cjfa-3241	62	21	asset	asset	NOUN
cjfa-3241	62	22	,	,	PUNCT
cjfa-3241	62	23	instrument	instrument	NOUN
cjfa-3241	62	24	or	or	CCONJ
cjfa-3241	62	25	parameter	parameter	NOUN
cjfa-3241	62	26	,	,	PUNCT
cjfa-3241	62	27	that	that	SCONJ
cjfa-3241	62	28	it	it	PRON
cjfa-3241	62	29	was	be	AUX
cjfa-3241	62	30	issued	issue	VERB
cjfa-3241	62	31	for	for	ADP
cjfa-3241	62	32	,	,	PUNCT
cjfa-3241	62	33	and	and	CCONJ
cjfa-3241	62	34	which	which	PRON
cjfa-3241	62	35	is	be	AUX
cjfa-3241	62	36	called	call	VERB
cjfa-3241	62	37	an	an	DET
cjfa-3241	62	38	underlying	underlie	VERB
cjfa-3241	62	39	instrument	instrument	NOUN
cjfa-3241	62	40	(	(	PUNCT
cjfa-3241	62	41	hull	hull	NOUN
cjfa-3241	62	42	2009	2009	NUM
cjfa-3241	62	43	,	,	PUNCT
cjfa-3241	62	44	1	1	NUM
cjfa-3241	62	45	;	;	PUNCT
cjfa-3241	62	46	durbin	durbin	ADJ
cjfa-3241	62	47	2011	2011	NUM
cjfa-3241	62	48	,	,	PUNCT
cjfa-3241	62	49	3	3	NUM
cjfa-3241	62	50	)	)	PUNCT
cjfa-3241	62	51	.	.	PUNCT
cjfa-3241	63	1	intensive	intensive	ADJ
cjfa-3241	63	2	development	development	NOUN
cjfa-3241	63	3	of	of	ADP
cjfa-3241	63	4	derivative	derivative	ADJ
cjfa-3241	63	5	instruments	instrument	NOUN
cjfa-3241	63	6	market	market	NOUN
cjfa-3241	63	7	have	have	AUX
cjfa-3241	63	8	led	lead	VERB
cjfa-3241	63	9	to	to	ADP
cjfa-3241	63	10	a	a	DET
cjfa-3241	63	11	situation	situation	NOUN
cjfa-3241	63	12	that	that	SCONJ
cjfa-3241	63	13	currently	currently	ADV
cjfa-3241	63	14	there	there	PRON
cjfa-3241	63	15	are	be	VERB
cjfa-3241	63	16	plenty	plenty	NOUN
cjfa-3241	63	17	of	of	ADP
cjfa-3241	63	18	their	their	PRON
cjfa-3241	63	19	types	type	NOUN
cjfa-3241	63	20	.	.	PUNCT
cjfa-3241	64	1	within	within	ADP
cjfa-3241	64	2	their	their	PRON
cjfa-3241	64	3	differentiated	differentiated	ADJ
cjfa-3241	64	4	catalogue	catalogue	NOUN
cjfa-3241	64	5	,	,	PUNCT
cjfa-3241	64	6	there	there	PRON
cjfa-3241	64	7	is	be	VERB
cjfa-3241	64	8	a	a	DET
cjfa-3241	64	9	series	series	NOUN
cjfa-3241	64	10	of	of	ADP
cjfa-3241	64	11	classifications	classification	NOUN
cjfa-3241	64	12	conducted	conduct	VERB
cjfa-3241	64	13	.	.	PUNCT
cjfa-3241	65	1	the	the	DET
cjfa-3241	65	2	chosen	choose	VERB
cjfa-3241	65	3	ones	one	NOUN
cjfa-3241	65	4	are	be	AUX
cjfa-3241	65	5	demonstrated	demonstrate	VERB
cjfa-3241	65	6	on	on	ADP
cjfa-3241	65	7	scheme	scheme	NOUN
cjfa-3241	65	8	2	2	NUM
cjfa-3241	65	9	.	.	PUNCT
cjfa-3241	65	10	scheme	scheme	NOUN
cjfa-3241	65	11	2	2	NUM
cjfa-3241	65	12	.	.	PUNCT
cjfa-3241	65	13	different	different	ADJ
cjfa-3241	65	14	kinds	kind	NOUN
cjfa-3241	65	15	of	of	ADP
cjfa-3241	65	16	derivatives	derivative	NOUN
cjfa-3241	65	17	source	source	NOUN
cjfa-3241	65	18	:	:	PUNCT
cjfa-3241	65	19	żebruń	żebruń	NOUN
cjfa-3241	65	20	a.	a.	NOUN
cjfa-3241	65	21	(	(	PUNCT
cjfa-3241	65	22	2010	2010	NUM
cjfa-3241	65	23	)	)	PUNCT
cjfa-3241	65	24	,	,	PUNCT
cjfa-3241	65	25	22	22	NUM
cjfa-3241	65	26	.	.	PUNCT
cjfa-3241	66	1	according	accord	VERB
cjfa-3241	66	2	to	to	ADP
cjfa-3241	66	3	the	the	DET
cjfa-3241	66	4	theory	theory	NOUN
cjfa-3241	66	5	developed	develop	VERB
cjfa-3241	66	6	by	by	ADP
cjfa-3241	66	7	c.	c.	PROPN
cjfa-3241	66	8	smithson	smithson	PROPN
cjfa-3241	66	9	,	,	PUNCT
cjfa-3241	66	10	regarding	regard	VERB
cjfa-3241	66	11	financial	financial	ADJ
cjfa-3241	66	12	construction	construction	NOUN
cjfa-3241	66	13	block	block	NOUN
cjfa-3241	66	14	,	,	PUNCT
cjfa-3241	66	15	forward	forward	ADJ
cjfa-3241	66	16	contracts	contract	NOUN
cjfa-3241	66	17	and	and	CCONJ
cjfa-3241	66	18	option	option	NOUN
cjfa-3241	66	19	rights	right	NOUN
cjfa-3241	66	20	constitute	constitute	VERB
cjfa-3241	66	21	two	two	NUM
cjfa-3241	66	22	elementary	elementary	ADJ
cjfa-3241	66	23	categories	category	NOUN
cjfa-3241	66	24	of	of	ADP
cjfa-3241	66	25	derivative	derivative	ADJ
cjfa-3241	66	26	instruments	instrument	NOUN
cjfa-3241	66	27	.	.	PUNCT
cjfa-3241	67	1	this	this	PRON
cjfa-3241	67	2	is	be	AUX
cjfa-3241	67	3	cause	cause	NOUN
cjfa-3241	67	4	by	by	ADP
cjfa-3241	67	5	the	the	DET
cjfa-3241	67	6	character	character	NOUN
cjfa-3241	67	7	of	of	ADP
cjfa-3241	67	8	rights	right	NOUN
cjfa-3241	67	9	encompassed	encompass	VERB
cjfa-3241	67	10	in	in	ADP
cjfa-3241	67	11	those	those	DET
cjfa-3241	67	12	instruments	instrument	NOUN
cjfa-3241	67	13	.	.	PUNCT
cjfa-3241	68	1	on	on	ADP
cjfa-3241	68	2	their	their	PRON
cjfa-3241	68	3	basis	basis	NOUN
cjfa-3241	68	4	,	,	PUNCT
cjfa-3241	68	5	within	within	ADP
cjfa-3241	68	6	various	various	ADJ
cjfa-3241	68	7	combinations	combination	NOUN
cjfa-3241	68	8	,	,	PUNCT
cjfa-3241	68	9	it	it	PRON
cjfa-3241	68	10	is	be	AUX
cjfa-3241	68	11	possible	possible	ADJ
cjfa-3241	68	12	to	to	PART
cjfa-3241	68	13	construct	construct	VERB
cjfa-3241	68	14	other	other	ADJ
cjfa-3241	68	15	kind	kind	NOUN
cjfa-3241	68	16	of	of	ADP
cjfa-3241	68	17	derivatives	derivative	NOUN
cjfa-3241	68	18	(	(	PUNCT
cjfa-3241	68	19	nieborak	nieborak	NOUN
cjfa-3241	68	20	2004	2004	NUM
cjfa-3241	68	21	,	,	PUNCT
cjfa-3241	68	22	73	73	NUM
cjfa-3241	68	23	;	;	PUNCT
cjfa-3241	68	24	levinson	levinson	PROPN
cjfa-3241	68	25	2006	2006	NUM
cjfa-3241	68	26	;	;	PUNCT
cjfa-3241	68	27	199	199	NUM
cjfa-3241	68	28	)	)	PUNCT
cjfa-3241	68	29	.	.	PUNCT
cjfa-3241	69	1	an	an	DET
cjfa-3241	69	2	essential	essential	ADJ
cjfa-3241	69	3	division	division	NOUN
cjfa-3241	69	4	of	of	ADP
cjfa-3241	69	5	derivative	derivative	ADJ
cjfa-3241	69	6	instruments	instrument	NOUN
cjfa-3241	69	7	is	be	AUX
cjfa-3241	69	8	that	that	SCONJ
cjfa-3241	69	9	differentiating	differentiate	VERB
cjfa-3241	69	10	their	their	PRON
cjfa-3241	69	11	following	follow	VERB
cjfa-3241	69	12	groups	group	NOUN
cjfa-3241	69	13	(	(	PUNCT
cjfa-3241	69	14	dziawgo	dziawgo	PROPN
cjfa-3241	69	15	2004	2004	NUM
cjfa-3241	69	16	,	,	PUNCT
cjfa-3241	69	17	162	162	NUM
cjfa-3241	69	18	;	;	PUNCT
cjfa-3241	69	19	parameswaran	parameswaran	NOUN
cjfa-3241	69	20	2011	2011	NUM
cjfa-3241	69	21	,	,	PUNCT
cjfa-3241	69	22	16	16	NUM
cjfa-3241	69	23	;	;	PUNCT
cjfa-3241	69	24	mastalerz	mastalerz	NOUN
cjfa-3241	69	25	2006	2006	NUM
cjfa-3241	69	26	,	,	PUNCT
cjfa-3241	69	27	19	19	NUM
cjfa-3241	69	28	):	):	PUNCT
cjfa-3241	69	29	number	number	NOUN
cjfa-3241	69	30	of	of	ADP
cjfa-3241	69	31	flows	flow	VERB
cjfa-3241	69	32	derivatives	derivative	NOUN
cjfa-3241	69	33	independence	independence	NOUN
cjfa-3241	69	34	of	of	ADP
cjfa-3241	69	35	presence	presence	NOUN
cjfa-3241	69	36	contract	contract	NOUN
cjfa-3241	69	37	symetricity	symetricity	NOUN
cjfa-3241	69	38	base	base	NOUN
cjfa-3241	69	39	instrument	instrument	NOUN
cjfa-3241	69	40	commodities	commodity	NOUN
cjfa-3241	69	41	currency	currency	NOUN
cjfa-3241	69	42	percentage	percentage	NOUN
cjfa-3241	69	43	index	index	NOUN
cjfa-3241	69	44	stock	stock	NOUN
cjfa-3241	69	45	conditional	conditional	ADJ
cjfa-3241	69	46	unconditional	unconditional	ADJ
cjfa-3241	69	47	independent	independent	ADJ
cjfa-3241	69	48	attached	attach	VERB
cjfa-3241	69	49	one	one	NUM
cjfa-3241	69	50	many	many	ADJ
cjfa-3241	69	51	level	level	NOUN
cjfa-3241	69	52	of	of	ADP
cjfa-3241	69	53	standarization	standarization	NOUN
cjfa-3241	69	54	standarized	standarize	VERB
cjfa-3241	69	55	not	not	PART
cjfa-3241	69	56	standarized	standarize	VERB
cjfa-3241	69	57	execution	execution	NOUN
cjfa-3241	69	58	of	of	ADP
cjfa-3241	69	59	contracts	contract	NOUN
cjfa-3241	69	60	real	real	ADJ
cjfa-3241	69	61	non	non	ADJ
cjfa-3241	69	62	-	-	ADJ
cjfa-3241	69	63	real	real	ADJ
cjfa-3241	69	64	s	s	PART
cjfa-3241	69	65	o	o	NOUN
cjfa-3241	69	66	u	u	NOUN
cjfa-3241	69	67	r	r	NOUN
cjfa-3241	69	68	c	c	NOUN
cjfa-3241	69	69	e	e	NOUN
cjfa-3241	69	70	:	:	PUNCT
cjfa-3241	69	71	żebruń	żebruń	NOUN
cjfa-3241	69	72	a.	a.	NOUN
cjfa-3241	69	73	(	(	PUNCT
cjfa-3241	69	74	2010	2010	NUM
cjfa-3241	69	75	)	)	PUNCT
cjfa-3241	69	76	,	,	PUNCT
cjfa-3241	69	77	22	22	NUM
cjfa-3241	69	78	.	.	PUNCT
cjfa-3241	70	1	an	an	DET
cjfa-3241	70	2	essential	essential	ADJ
cjfa-3241	70	3	division	division	NOUN
cjfa-3241	70	4	of	of	ADP
cjfa-3241	70	5	derivative	derivative	ADJ
cjfa-3241	70	6	instruments	instrument	NOUN
cjfa-3241	70	7	is	be	AUX
cjfa-3241	70	8	that	that	SCONJ
cjfa-3241	70	9	differentiating	differentiate	VERB
cjfa-3241	70	10	their	their	PRON
cjfa-3241	70	11	following	follow	VERB
cjfa-3241	70	12	groups	group	NOUN
cjfa-3241	70	13	(	(	PUNCT
cjfa-3241	70	14	dziawgo	dziawgo	PROPN
cjfa-3241	70	15	2004	2004	NUM
cjfa-3241	70	16	,	,	PUNCT
cjfa-3241	70	17	162	162	NUM
cjfa-3241	70	18	;	;	PUNCT
cjfa-3241	70	19	parameswaran	parameswaran	NOUN
cjfa-3241	70	20	2011	2011	NUM
cjfa-3241	70	21	,	,	PUNCT
cjfa-3241	70	22	16	16	NUM
cjfa-3241	70	23	;	;	PUNCT
cjfa-3241	70	24	mastalerz	mastalerz	NOUN
cjfa-3241	70	25	2006	2006	NUM
cjfa-3241	70	26	,	,	PUNCT
cjfa-3241	70	27	19	19	NUM
cjfa-3241	70	28	):	):	PUNCT
cjfa-3241	70	29	■	■	PUNCT
cjfa-3241	70	30	forward	forward	ADJ
cjfa-3241	70	31	contracts	contract	NOUN
cjfa-3241	70	32	,	,	PUNCT
cjfa-3241	70	33	■	■	PUNCT
cjfa-3241	70	34	futures	future	NOUN
cjfa-3241	70	35	contracts	contract	NOUN
cjfa-3241	70	36	,	,	PUNCT
cjfa-3241	70	37	■	■	PUNCT
cjfa-3241	70	38	options	option	NOUN
cjfa-3241	70	39	,	,	PUNCT
cjfa-3241	70	40	■	■	PUNCT
cjfa-3241	70	41	swap	swap	NOUN
cjfa-3241	70	42	transactions	transaction	NOUN
cjfa-3241	70	43	.	.	PUNCT
cjfa-3241	71	1	forward	forward	ADJ
cjfa-3241	71	2	contracts	contract	NOUN
cjfa-3241	71	3	constitute	constitute	VERB
cjfa-3241	71	4	agreements	agreement	NOUN
cjfa-3241	71	5	that	that	PRON
cjfa-3241	71	6	determine	determine	VERB
cjfa-3241	71	7	emergence	emergence	VERB
cjfa-3241	71	8	an	an	DET
cjfa-3241	71	9	obligation	obligation	NOUN
cjfa-3241	71	10	of	of	ADP
cjfa-3241	71	11	one	one	NUM
cjfa-3241	71	12	party	party	NOUN
cjfa-3241	71	13	to	to	PART
cjfa-3241	71	14	deliver	deliver	VERB
cjfa-3241	71	15	,	,	PUNCT
cjfa-3241	71	16	and	and	CCONJ
cjfa-3241	71	17	of	of	ADP
cjfa-3241	71	18	the	the	DET
cjfa-3241	71	19	second	second	ADJ
cjfa-3241	71	20	party	party	NOUN
cjfa-3241	71	21	to	to	PART
cjfa-3241	71	22	accept	accept	VERB
cjfa-3241	71	23	a	a	DET
cjfa-3241	71	24	given	give	VERB
cjfa-3241	71	25	quantity	quantity	NOUN
cjfa-3241	71	26	of	of	ADP
cjfa-3241	71	27	a	a	DET
cjfa-3241	71	28	base	base	NOUN
cjfa-3241	71	29	instrument	instrument	NOUN
cjfa-3241	71	30	,	,	PUNCT
cjfa-3241	71	31	with	with	ADP
cjfa-3241	71	32	an	an	DET
cjfa-3241	71	33	agreed	agree	VERB
cjfa-3241	71	34	price	price	NOUN
cjfa-3241	71	35	and	and	CCONJ
cjfa-3241	71	36	at	at	ADP
cjfa-3241	71	37	a	a	DET
cjfa-3241	71	38	specified	specify	VERB
cjfa-3241	71	39	date	date	NOUN
cjfa-3241	71	40	.	.	PUNCT
cjfa-3241	72	1	their	their	PRON
cjfa-3241	72	2	conditions	condition	NOUN
cjfa-3241	72	3	are	be	AUX
cjfa-3241	72	4	not	not	PART
cjfa-3241	72	5	standardized	standardize	VERB
cjfa-3241	72	6	,	,	PUNCT
cjfa-3241	72	7	but	but	CCONJ
cjfa-3241	72	8	determined	determine	VERB
cjfa-3241	72	9	individually	individually	ADV
cjfa-3241	72	10	between	between	ADP
cjfa-3241	72	11	the	the	DET
cjfa-3241	72	12	interested	interested	ADJ
cjfa-3241	72	13	parties	party	NOUN
cjfa-3241	72	14	.	.	PUNCT
cjfa-3241	73	1	that	that	PRON
cjfa-3241	73	2	’s	’	VERB
cjfa-3241	73	3	is	be	AUX
cjfa-3241	73	4	why	why	SCONJ
cjfa-3241	73	5	,	,	PUNCT
cjfa-3241	73	6	forward	forward	ADJ
cjfa-3241	73	7	contracts	contract	NOUN
cjfa-3241	73	8	can	can	AUX
cjfa-3241	73	9	not	not	PART
cjfa-3241	73	10	be	be	AUX
cjfa-3241	73	11	a	a	DET
cjfa-3241	73	12	subject	subject	NOUN
cjfa-3241	73	13	of	of	ADP
cjfa-3241	73	14	trade	trade	NOUN
cjfa-3241	73	15	on	on	ADP
cjfa-3241	73	16	the	the	DET
cjfa-3241	73	17	exchange	exchange	NOUN
cjfa-3241	73	18	market	market	NOUN
cjfa-3241	73	19	.	.	PUNCT
cjfa-3241	74	1	their	their	PRON
cjfa-3241	74	2	settlement	settlement	NOUN
cjfa-3241	74	3	takes	take	VERB
cjfa-3241	74	4	place	place	NOUN
cjfa-3241	74	5	through	through	ADP
cjfa-3241	74	6	a	a	DET
cjfa-3241	74	7	physical	physical	ADJ
cjfa-3241	74	8	delivery	delivery	NOUN
cjfa-3241	74	9	of	of	ADP
cjfa-3241	74	10	the	the	DET
cjfa-3241	74	11	contract	contract	NOUN
cjfa-3241	74	12	’s	’s	PART
cjfa-3241	74	13	subject	subject	NOUN
cjfa-3241	74	14	or	or	CCONJ
cjfa-3241	74	15	via	via	ADP
cjfa-3241	74	16	a	a	DET
cjfa-3241	74	17	financial	financial	ADJ
cjfa-3241	74	18	payment	payment	NOUN
cjfa-3241	74	19	.	.	PUNCT
cjfa-3241	75	1	hence	hence	ADV
cjfa-3241	75	2	,	,	PUNCT
cjfa-3241	75	3	those	those	PRON
cjfa-3241	75	4	are	be	AUX
cjfa-3241	75	5	real	real	ADJ
cjfa-3241	75	6	transactions	transaction	NOUN
cjfa-3241	75	7	(	(	PUNCT
cjfa-3241	75	8	dębski	dębski	PROPN
cjfa-3241	75	9	2007	2007	NUM
cjfa-3241	75	10	,	,	PUNCT
cjfa-3241	75	11	318	318	NUM
cjfa-3241	75	12	;	;	PUNCT
cjfa-3241	75	13	dziawgo	dziawgo	PROPN
cjfa-3241	75	14	2007	2007	NUM
cjfa-3241	75	15	,	,	PUNCT
cjfa-3241	75	16	164–165	164–165	NUM
cjfa-3241	75	17	)	)	PUNCT
cjfa-3241	75	18	.	.	PUNCT
cjfa-3241	76	1	futures	future	NOUN
cjfa-3241	76	2	contracts	contract	NOUN
cjfa-3241	76	3	are	be	AUX
cjfa-3241	76	4	to	to	ADP
cjfa-3241	76	5	a	a	DET
cjfa-3241	76	6	high	high	ADJ
cjfa-3241	76	7	extent	extent	NOUN
cjfa-3241	76	8	similar	similar	ADJ
cjfa-3241	76	9	to	to	ADP
cjfa-3241	76	10	forward	forward	ADJ
cjfa-3241	76	11	transactions	transaction	NOUN
cjfa-3241	76	12	.	.	PUNCT
cjfa-3241	77	1	differences	difference	NOUN
cjfa-3241	77	2	first	first	ADV
cjfa-3241	77	3	of	of	ADP
cjfa-3241	77	4	all	all	PRON
cjfa-3241	77	5	refer	refer	VERB
cjfa-3241	77	6	to	to	ADP
cjfa-3241	77	7	a	a	DET
cjfa-3241	77	8	way	way	NOUN
cjfa-3241	77	9	of	of	ADP
cjfa-3241	77	10	determining	determine	VERB
cjfa-3241	77	11	terms	term	NOUN
cjfa-3241	77	12	of	of	ADP
cjfa-3241	77	13	the	the	DET
cjfa-3241	77	14	agreement	agreement	NOUN
cjfa-3241	77	15	,	,	PUNCT
cjfa-3241	77	16	its	its	PRON
cjfa-3241	77	17	form	form	NOUN
cjfa-3241	77	18	and	and	CCONJ
cjfa-3241	77	19	date	date	NOUN
cjfa-3241	77	20	of	of	ADP
cjfa-3241	77	21	settlement	settlement	NOUN
cjfa-3241	77	22	.	.	PUNCT
cjfa-3241	78	1	futures	future	NOUN
cjfa-3241	78	2	contracts	contract	NOUN
cjfa-3241	78	3	are	be	AUX
cjfa-3241	78	4	standardized	standardize	VERB
cjfa-3241	78	5	,	,	PUNCT
cjfa-3241	78	6	which	which	PRON
cjfa-3241	78	7	means	mean	VERB
cjfa-3241	78	8	that	that	SCONJ
cjfa-3241	78	9	the	the	DET
cjfa-3241	78	10	bear	bear	NOUN
cjfa-3241	78	11	specific	specific	ADJ
cjfa-3241	78	12	terms	term	NOUN
cjfa-3241	78	13	,	,	PUNCT
cjfa-3241	78	14	and	and	CCONJ
cjfa-3241	78	15	their	their	PRON
cjfa-3241	78	16	settlement	settlement	NOUN
cjfa-3241	78	17	takes	take	VERB
cjfa-3241	78	18	place	place	NOUN
cjfa-3241	78	19	in	in	ADP
cjfa-3241	78	20	a	a	DET
cjfa-3241	78	21	financial	financial	ADJ
cjfa-3241	78	22	jarosław	jarosław	ADJ
cjfa-3241	78	23	pawłowski158	pawłowski158	PROPN
cjfa-3241	78	24	form	form	NOUN
cjfa-3241	78	25	,	,	PUNCT
cjfa-3241	78	26	which	which	PRON
cjfa-3241	78	27	applies	apply	VERB
cjfa-3241	78	28	a	a	DET
cjfa-3241	78	29	non	non	ADJ
cjfa-3241	78	30	-	-	ADJ
cjfa-3241	78	31	real	real	ADJ
cjfa-3241	78	32	character	character	NOUN
cjfa-3241	78	33	to	to	ADP
cjfa-3241	78	34	them	they	PRON
cjfa-3241	78	35	.	.	PUNCT
cjfa-3241	79	1	according	accord	VERB
cjfa-3241	79	2	to	to	ADP
cjfa-3241	79	3	that	that	PRON
cjfa-3241	79	4	,	,	PUNCT
cjfa-3241	79	5	they	they	PRON
cjfa-3241	79	6	compose	compose	VERB
cjfa-3241	79	7	a	a	DET
cjfa-3241	79	8	subject	subject	NOUN
cjfa-3241	79	9	of	of	ADP
cjfa-3241	79	10	trade	trade	NOUN
cjfa-3241	79	11	within	within	ADP
cjfa-3241	79	12	the	the	DET
cjfa-3241	79	13	market	market	NOUN
cjfa-3241	79	14	.	.	PUNCT
cjfa-3241	80	1	their	their	PRON
cjfa-3241	80	2	close	close	NOUN
cjfa-3241	80	3	-	-	PUNCT
cjfa-3241	80	4	up	up	NOUN
cjfa-3241	80	5	may	may	AUX
cjfa-3241	80	6	emerge	emerge	VERB
cjfa-3241	80	7	in	in	ADP
cjfa-3241	80	8	any	any	DET
cjfa-3241	80	9	day	day	NOUN
cjfa-3241	80	10	of	of	ADP
cjfa-3241	80	11	its	its	PRON
cjfa-3241	80	12	functioning	functioning	NOUN
cjfa-3241	80	13	,	,	PUNCT
cjfa-3241	80	14	through	through	ADP
cjfa-3241	80	15	opening	open	VERB
cjfa-3241	80	16	a	a	DET
cjfa-3241	80	17	contradictory	contradictory	ADJ
cjfa-3241	80	18	position	position	NOUN
cjfa-3241	80	19	and	and	CCONJ
cjfa-3241	80	20	payment	payment	NOUN
cjfa-3241	80	21	of	of	ADP
cjfa-3241	80	22	the	the	DET
cjfa-3241	80	23	difference	difference	NOUN
cjfa-3241	80	24	between	between	ADP
cjfa-3241	80	25	the	the	DET
cjfa-3241	80	26	current	current	ADJ
cjfa-3241	80	27	and	and	CCONJ
cjfa-3241	80	28	contractual	contractual	ADJ
cjfa-3241	80	29	price	price	NOUN
cjfa-3241	80	30	of	of	ADP
cjfa-3241	80	31	execution	execution	NOUN
cjfa-3241	80	32	(	(	PUNCT
cjfa-3241	80	33	dziawgo	dziawgo	ADV
cjfa-3241	80	34	2007	2007	NUM
cjfa-3241	80	35	,	,	PUNCT
cjfa-3241	80	36	165–167	165–167	NUM
cjfa-3241	80	37	)	)	PUNCT
cjfa-3241	80	38	.	.	PUNCT
cjfa-3241	81	1	options	option	NOUN
cjfa-3241	81	2	constitutes	constitute	VERB
cjfa-3241	81	3	another	another	DET
cjfa-3241	81	4	group	group	NOUN
cjfa-3241	81	5	of	of	ADP
cjfa-3241	81	6	derivative	derivative	ADJ
cjfa-3241	81	7	instruments	instrument	NOUN
cjfa-3241	81	8	.	.	PUNCT
cjfa-3241	82	1	this	this	DET
cjfa-3241	82	2	term	term	NOUN
cjfa-3241	82	3	is	be	AUX
cjfa-3241	82	4	applied	apply	VERB
cjfa-3241	82	5	to	to	PART
cjfa-3241	82	6	determine	determine	VERB
cjfa-3241	82	7	agreements	agreement	NOUN
cjfa-3241	82	8	between	between	ADP
cjfa-3241	82	9	two	two	NUM
cjfa-3241	82	10	parties	party	NOUN
cjfa-3241	82	11	,	,	PUNCT
cjfa-3241	82	12	which	which	PRON
cjfa-3241	82	13	award	award	VERB
cjfa-3241	82	14	one	one	NUM
cjfa-3241	82	15	with	with	ADP
cjfa-3241	82	16	a	a	DET
cjfa-3241	82	17	right	right	NOUN
cjfa-3241	82	18	to	to	PART
cjfa-3241	82	19	purchase	purchase	VERB
cjfa-3241	82	20	(	(	PUNCT
cjfa-3241	82	21	call	call	NOUN
cjfa-3241	82	22	option	option	NOUN
cjfa-3241	82	23	)	)	PUNCT
cjfa-3241	82	24	or	or	CCONJ
cjfa-3241	82	25	sell	sell	VERB
cjfa-3241	82	26	(	(	PUNCT
cjfa-3241	82	27	put	put	NOUN
cjfa-3241	82	28	option	option	NOUN
cjfa-3241	82	29	)	)	PUNCT
cjfa-3241	82	30	of	of	ADP
cjfa-3241	82	31	an	an	DET
cjfa-3241	82	32	agreed	agree	VERB
cjfa-3241	82	33	quantity	quantity	NOUN
cjfa-3241	82	34	of	of	ADP
cjfa-3241	82	35	the	the	DET
cjfa-3241	82	36	base	base	NOUN
cjfa-3241	82	37	instrument	instrument	NOUN
cjfa-3241	82	38	,	,	PUNCT
cjfa-3241	82	39	at	at	ADP
cjfa-3241	82	40	a	a	DET
cjfa-3241	82	41	specified	specified	ADJ
cjfa-3241	82	42	price	price	NOUN
cjfa-3241	82	43	and	and	CCONJ
cjfa-3241	82	44	at	at	ADP
cjfa-3241	82	45	a	a	DET
cjfa-3241	82	46	future	future	ADJ
cjfa-3241	82	47	date	date	NOUN
cjfa-3241	82	48	.	.	PUNCT
cjfa-3241	83	1	in	in	ADP
cjfa-3241	83	2	turn	turn	NOUN
cjfa-3241	83	3	,	,	PUNCT
cjfa-3241	83	4	issuer	issuer	NOUN
cjfa-3241	83	5	of	of	ADP
cjfa-3241	83	6	the	the	DET
cjfa-3241	83	7	option	option	NOUN
cjfa-3241	83	8	takes	take	VERB
cjfa-3241	83	9	and	and	CCONJ
cjfa-3241	83	10	obligation	obligation	NOUN
cjfa-3241	83	11	to	to	PART
cjfa-3241	83	12	execute	execute	VERB
cjfa-3241	83	13	it	it	PRON
cjfa-3241	83	14	on	on	ADP
cjfa-3241	83	15	its	its	PRON
cjfa-3241	83	16	owner	owner	NOUN
cjfa-3241	83	17	’s	’s	PART
cjfa-3241	83	18	request	request	NOUN
cjfa-3241	83	19	.	.	PUNCT
cjfa-3241	84	1	for	for	ADP
cjfa-3241	84	2	taking	take	VERB
cjfa-3241	84	3	in	in	ADP
cjfa-3241	84	4	this	this	DET
cjfa-3241	84	5	responsibility	responsibility	NOUN
cjfa-3241	84	6	,	,	PUNCT
cjfa-3241	84	7	the	the	DET
cjfa-3241	84	8	issuer	issuer	NOUN
cjfa-3241	84	9	obtains	obtain	VERB
cjfa-3241	84	10	an	an	DET
cjfa-3241	84	11	option	option	NOUN
cjfa-3241	84	12	premium	premium	NOUN
cjfa-3241	84	13	(	(	PUNCT
cjfa-3241	84	14	walmsley	walmsley	PROPN
cjfa-3241	84	15	1998	1998	NUM
cjfa-3241	84	16	,	,	PUNCT
cjfa-3241	84	17	137	137	NUM
cjfa-3241	84	18	;	;	PUNCT
cjfa-3241	84	19	veale	veale	NOUN
cjfa-3241	84	20	2001	2001	NUM
cjfa-3241	84	21	,	,	PUNCT
cjfa-3241	84	22	247	247	NUM
cjfa-3241	84	23	)	)	PUNCT
cjfa-3241	84	24	.	.	PUNCT
cjfa-3241	85	1	essence	essence	NOUN
cjfa-3241	85	2	of	of	ADP
cjfa-3241	85	3	swap	swap	NOUN
cjfa-3241	85	4	transactions	transaction	NOUN
cjfa-3241	85	5	encompasses	encompass	VERB
cjfa-3241	85	6	the	the	DET
cjfa-3241	85	7	parties	party	NOUN
cjfa-3241	85	8	becoming	becoming	AUX
cjfa-3241	85	9	obliged	oblige	VERB
cjfa-3241	85	10	to	to	PART
cjfa-3241	85	11	exchange	exchange	VERB
cjfa-3241	85	12	future	future	ADJ
cjfa-3241	85	13	payments	payment	NOUN
cjfa-3241	85	14	according	accord	VERB
cjfa-3241	85	15	to	to	ADP
cjfa-3241	85	16	strictly	strictly	ADV
cjfa-3241	85	17	determined	determined	ADJ
cjfa-3241	85	18	terms	term	NOUN
cjfa-3241	85	19	.	.	PUNCT
cjfa-3241	86	1	regarding	regard	VERB
cjfa-3241	86	2	subject	subject	NOUN
cjfa-3241	86	3	of	of	ADP
cjfa-3241	86	4	the	the	DET
cjfa-3241	86	5	swap	swap	NOUN
cjfa-3241	86	6	,	,	PUNCT
cjfa-3241	86	7	there	there	PRON
cjfa-3241	86	8	are	be	VERB
cjfa-3241	86	9	their	their	PRON
cjfa-3241	86	10	two	two	NUM
cjfa-3241	86	11	basic	basic	ADJ
cjfa-3241	86	12	kinds	kind	NOUN
cjfa-3241	86	13	(	(	PUNCT
cjfa-3241	86	14	pastusiak	pastusiak	NOUN
cjfa-3241	86	15	2010	2010	NUM
cjfa-3241	86	16	,	,	PUNCT
cjfa-3241	86	17	277–28	277–28	PROPN
cjfa-3241	86	18	3	3	NUM
cjfa-3241	86	19	;	;	PUNCT
cjfa-3241	86	20	drake	drake	NOUN
cjfa-3241	86	21	,	,	PUNCT
cjfa-3241	86	22	fabozzi	fabozzi	NOUN
cjfa-3241	86	23	2010	2010	NUM
cjfa-3241	86	24	,	,	PUNCT
cjfa-3241	86	25	378	378	NUM
cjfa-3241	86	26	):	):	PUNCT
cjfa-3241	86	27	■	■	PUNCT
cjfa-3241	86	28	interest	interest	NOUN
cjfa-3241	86	29	rate	rate	NOUN
cjfa-3241	86	30	swap	swap	NOUN
cjfa-3241	86	31	,	,	PUNCT
cjfa-3241	86	32	exchange	exchange	NOUN
cjfa-3241	86	33	of	of	ADP
cjfa-3241	86	34	payments	payment	NOUN
cjfa-3241	86	35	with	with	ADP
cjfa-3241	86	36	various	various	ADJ
cjfa-3241	86	37	interest	interest	NOUN
cjfa-3241	86	38	rates	rate	NOUN
cjfa-3241	86	39	,	,	PUNCT
cjfa-3241	86	40	more	more	ADV
cjfa-3241	86	41	precisely	precisely	ADV
cjfa-3241	86	42	,	,	PUNCT
cjfa-3241	86	43	of	of	ADP
cjfa-3241	86	44	the	the	DET
cjfa-3241	86	45	arising	arise	VERB
cjfa-3241	86	46	interests	interest	NOUN
cjfa-3241	86	47	.	.	PUNCT
cjfa-3241	87	1	when	when	SCONJ
cjfa-3241	87	2	subject	subject	NOUN
cjfa-3241	87	3	of	of	ADP
cjfa-3241	87	4	transactions	transaction	NOUN
cjfa-3241	87	5	is	be	AUX
cjfa-3241	87	6	constituted	constitute	VERB
cjfa-3241	87	7	by	by	ADP
cjfa-3241	87	8	payments	payment	NOUN
cjfa-3241	87	9	with	with	ADP
cjfa-3241	87	10	changeable	changeable	ADJ
cjfa-3241	87	11	interest	interest	NOUN
cjfa-3241	87	12	rate	rate	NOUN
cjfa-3241	87	13	,	,	PUNCT
cjfa-3241	87	14	then	then	ADV
cjfa-3241	87	15	we	we	PRON
cjfa-3241	87	16	have	have	VERB
cjfa-3241	87	17	a	a	DET
cjfa-3241	87	18	basis	basis	NOUN
cjfa-3241	87	19	swap	swap	NOUN
cjfa-3241	87	20	.	.	PUNCT
cjfa-3241	88	1	if	if	SCONJ
cjfa-3241	88	2	the	the	DET
cjfa-3241	88	3	transaction	transaction	NOUN
cjfa-3241	88	4	regards	regard	VERB
cjfa-3241	88	5	flows	flow	NOUN
cjfa-3241	88	6	with	with	ADP
cjfa-3241	88	7	changeable	changeable	ADJ
cjfa-3241	88	8	and	and	CCONJ
cjfa-3241	88	9	constant	constant	ADJ
cjfa-3241	88	10	interest	interest	NOUN
cjfa-3241	88	11	rate	rate	NOUN
cjfa-3241	88	12	,	,	PUNCT
cjfa-3241	88	13	then	then	ADV
cjfa-3241	88	14	we	we	PRON
cjfa-3241	88	15	have	have	VERB
cjfa-3241	88	16	a	a	DET
cjfa-3241	88	17	cupon	cupon	NOUN
cjfa-3241	88	18	swap	swap	NOUN
cjfa-3241	88	19	.	.	PUNCT
cjfa-3241	89	1	■	■	PUNCT
cjfa-3241	89	2	currency	currency	NOUN
cjfa-3241	89	3	swap	swap	NOUN
cjfa-3241	89	4	,	,	PUNCT
cjfa-3241	89	5	exchange	exchange	NOUN
cjfa-3241	89	6	of	of	ADP
cjfa-3241	89	7	payments	payment	NOUN
cjfa-3241	89	8	expressed	express	VERB
cjfa-3241	89	9	in	in	ADP
cjfa-3241	89	10	various	various	ADJ
cjfa-3241	89	11	currencies	currency	NOUN
cjfa-3241	89	12	,	,	PUNCT
cjfa-3241	89	13	■	■	PUNCT
cjfa-3241	89	14	commodity	commodity	NOUN
cjfa-3241	89	15	swap	swap	NOUN
cjfa-3241	89	16	,	,	PUNCT
cjfa-3241	89	17	exchange	exchange	NOUN
cjfa-3241	89	18	of	of	ADP
cjfa-3241	89	19	payments	payment	NOUN
cjfa-3241	89	20	,	,	PUNCT
cjfa-3241	89	21	whose	whose	DET
cjfa-3241	89	22	size	size	NOUN
cjfa-3241	89	23	is	be	AUX
cjfa-3241	89	24	shaped	shape	VERB
cjfa-3241	89	25	according	accord	VERB
cjfa-3241	89	26	to	to	ADP
cjfa-3241	89	27	the	the	DET
cjfa-3241	89	28	value	value	NOUN
cjfa-3241	89	29	of	of	ADP
cjfa-3241	89	30	given	give	VERB
cjfa-3241	89	31	commodities	commodity	NOUN
cjfa-3241	89	32	,	,	PUNCT
cjfa-3241	89	33	which	which	PRON
cjfa-3241	89	34	bear	bear	VERB
cjfa-3241	89	35	a	a	DET
cjfa-3241	89	36	physical	physical	ADJ
cjfa-3241	89	37	form	form	NOUN
cjfa-3241	89	38	.	.	PUNCT
cjfa-3241	90	1	it	it	PRON
cjfa-3241	90	2	needs	need	VERB
cjfa-3241	90	3	to	to	PART
cjfa-3241	90	4	be	be	AUX
cjfa-3241	90	5	emphasized	emphasize	VERB
cjfa-3241	90	6	that	that	SCONJ
cjfa-3241	90	7	in	in	ADP
cjfa-3241	90	8	recent	recent	ADJ
cjfa-3241	90	9	years	year	NOUN
cjfa-3241	90	10	,	,	PUNCT
cjfa-3241	90	11	the	the	DET
cjfa-3241	90	12	sector	sector	NOUN
cjfa-3241	90	13	of	of	ADP
cjfa-3241	90	14	derivative	derivative	ADJ
cjfa-3241	90	15	instruments	instrument	NOUN
cjfa-3241	90	16	have	have	AUX
cjfa-3241	90	17	developed	develop	VERB
cjfa-3241	90	18	intensively	intensively	ADV
cjfa-3241	90	19	.	.	PUNCT
cjfa-3241	91	1	it	it	PRON
cjfa-3241	91	2	is	be	AUX
cjfa-3241	91	3	made	make	VERB
cjfa-3241	91	4	visible	visible	ADJ
cjfa-3241	91	5	in	in	ADP
cjfa-3241	91	6	both	both	DET
cjfa-3241	91	7	increase	increase	NOUN
cjfa-3241	91	8	of	of	ADP
cjfa-3241	91	9	volume	volume	NOUN
cjfa-3241	91	10	of	of	ADP
cjfa-3241	91	11	transactions	transaction	NOUN
cjfa-3241	91	12	with	with	ADP
cjfa-3241	91	13	its	its	PRON
cjfa-3241	91	14	part	part	NOUN
cjfa-3241	91	15	,	,	PUNCT
cjfa-3241	91	16	as	as	ADV
cjfa-3241	91	17	well	well	ADV
cjfa-3241	91	18	as	as	ADP
cjfa-3241	91	19	a	a	DET
cjfa-3241	91	20	catalogue	catalogue	NOUN
cjfa-3241	91	21	of	of	ADP
cjfa-3241	91	22	their	their	PRON
cjfa-3241	91	23	kinds	kind	NOUN
cjfa-3241	91	24	functioning	function	VERB
cjfa-3241	91	25	within	within	ADP
cjfa-3241	91	26	trade	trade	NOUN
cjfa-3241	91	27	.	.	PUNCT
cjfa-3241	92	1	in	in	ADP
cjfa-3241	92	2	order	order	NOUN
cjfa-3241	92	3	to	to	PART
cjfa-3241	92	4	secure	secure	VERB
cjfa-3241	92	5	the	the	DET
cjfa-3241	92	6	enterprise	enterprise	NOUN
cjfa-3241	92	7	against	against	ADP
cjfa-3241	92	8	various	various	ADJ
cjfa-3241	92	9	types	type	NOUN
cjfa-3241	92	10	of	of	ADP
cjfa-3241	92	11	risk	risk	NOUN
cjfa-3241	92	12	,	,	PUNCT
cjfa-3241	92	13	basis	basis	NOUN
cjfa-3241	92	14	kinds	kind	NOUN
cjfa-3241	92	15	of	of	ADP
cjfa-3241	92	16	derivative	derivative	ADJ
cjfa-3241	92	17	instruments	instrument	NOUN
cjfa-3241	92	18	are	be	AUX
cjfa-3241	92	19	often	often	ADV
cjfa-3241	92	20	applied	apply	VERB
cjfa-3241	92	21	.	.	PUNCT
cjfa-3241	93	1	however	however	ADV
cjfa-3241	93	2	,	,	PUNCT
cjfa-3241	93	3	regarding	regard	VERB
cjfa-3241	93	4	diverse	diverse	ADJ
cjfa-3241	93	5	needs	need	NOUN
cjfa-3241	93	6	in	in	ADP
cjfa-3241	93	7	numerous	numerous	ADJ
cjfa-3241	93	8	entities	entity	NOUN
cjfa-3241	93	9	,	,	PUNCT
cjfa-3241	93	10	these	these	PRON
cjfa-3241	93	11	are	be	AUX
cjfa-3241	93	12	those	those	DET
cjfa-3241	93	13	complex	complex	ADJ
cjfa-3241	93	14	strategies	strategy	NOUN
cjfa-3241	93	15	,	,	PUNCT
cjfa-3241	93	16	constituting	constitute	VERB
cjfa-3241	93	17	combinations	combination	NOUN
cjfa-3241	93	18	of	of	ADP
cjfa-3241	93	19	different	different	ADJ
cjfa-3241	93	20	derivatives	derivative	NOUN
cjfa-3241	93	21	that	that	PRON
cjfa-3241	93	22	are	be	AUX
cjfa-3241	93	23	applied	apply	VERB
cjfa-3241	93	24	.	.	PUNCT
cjfa-3241	94	1	on	on	ADP
cjfa-3241	94	2	one	one	NUM
cjfa-3241	94	3	hand	hand	NOUN
cjfa-3241	94	4	,	,	PUNCT
cjfa-3241	94	5	their	their	PRON
cjfa-3241	94	6	applications	application	NOUN
cjfa-3241	94	7	may	may	AUX
cjfa-3241	94	8	arise	arise	VERB
cjfa-3241	94	9	from	from	ADP
cjfa-3241	94	10	the	the	DET
cjfa-3241	94	11	need	need	NOUN
cjfa-3241	94	12	of	of	ADP
cjfa-3241	94	13	lowering	lower	VERB
cjfa-3241	94	14	the	the	DET
cjfa-3241	94	15	costs	cost	NOUN
cjfa-3241	94	16	of	of	ADP
cjfa-3241	94	17	security	security	NOUN
cjfa-3241	94	18	.	.	PUNCT
cjfa-3241	95	1	on	on	ADP
cjfa-3241	95	2	the	the	DET
cjfa-3241	95	3	other	other	ADJ
cjfa-3241	95	4	,	,	PUNCT
cjfa-3241	95	5	it	it	PRON
cjfa-3241	95	6	may	may	AUX
cjfa-3241	95	7	be	be	AUX
cjfa-3241	95	8	cause	cause	VERB
cjfa-3241	95	9	by	by	ADP
cjfa-3241	95	10	a	a	DET
cjfa-3241	95	11	strive	strive	NOUN
cjfa-3241	95	12	to	to	PART
cjfa-3241	95	13	simultaneous	simultaneous	ADJ
cjfa-3241	95	14	security	security	NOUN
cjfa-3241	95	15	against	against	ADP
cjfa-3241	95	16	various	various	ADJ
cjfa-3241	95	17	types	type	NOUN
cjfa-3241	95	18	of	of	ADP
cjfa-3241	95	19	risks	risk	NOUN
cjfa-3241	95	20	.	.	PUNCT
cjfa-3241	96	1	derivatives	derivative	NOUN
cjfa-3241	96	2	as	as	ADP
cjfa-3241	96	3	security	security	NOUN
cjfa-3241	96	4	against	against	ADP
cjfa-3241	96	5	market	market	NOUN
cjfa-3241	96	6	risk	risk	NOUN
cjfa-3241	96	7	on	on	ADP
cjfa-3241	96	8	the	the	DET
cjfa-3241	96	9	example	example	NOUN
cjfa-3241	96	10	159	159	NUM
cjfa-3241	96	11	scheme	scheme	NOUN
cjfa-3241	96	12	3	3	NUM
cjfa-3241	96	13	.	.	PUNCT
cjfa-3241	97	1	a	a	DET
cjfa-3241	97	2	pyramid	pyramid	NOUN
cjfa-3241	97	3	of	of	ADP
cjfa-3241	97	4	innovations	innovation	NOUN
cjfa-3241	97	5	referring	refer	VERB
cjfa-3241	97	6	to	to	ADP
cjfa-3241	97	7	basic	basic	ADJ
cjfa-3241	97	8	derivatives	derivative	NOUN
cjfa-3241	97	9			PROPN
cjfa-3241	97	10	commodity	commodity	NOUN
cjfa-3241	97	11	swap	swap	NOUN
cjfa-3241	97	12	,	,	PUNCT
cjfa-3241	97	13	exchange	exchange	NOUN
cjfa-3241	97	14	of	of	ADP
cjfa-3241	97	15	payments	payment	NOUN
cjfa-3241	97	16	,	,	PUNCT
cjfa-3241	97	17	whose	whose	DET
cjfa-3241	97	18	size	size	NOUN
cjfa-3241	97	19	is	be	AUX
cjfa-3241	97	20	shaped	shape	VERB
cjfa-3241	97	21	according	accord	VERB
cjfa-3241	97	22	to	to	ADP
cjfa-3241	97	23	the	the	DET
cjfa-3241	97	24	value	value	NOUN
cjfa-3241	97	25	of	of	ADP
cjfa-3241	97	26	given	give	VERB
cjfa-3241	97	27	commodities	commodity	NOUN
cjfa-3241	97	28	,	,	PUNCT
cjfa-3241	97	29	which	which	PRON
cjfa-3241	97	30	bear	bear	VERB
cjfa-3241	97	31	a	a	DET
cjfa-3241	97	32	physical	physical	ADJ
cjfa-3241	97	33	form	form	NOUN
cjfa-3241	97	34	.	.	PUNCT
cjfa-3241	98	1	it	it	PRON
cjfa-3241	98	2	needs	need	VERB
cjfa-3241	98	3	to	to	PART
cjfa-3241	98	4	be	be	AUX
cjfa-3241	98	5	emphasized	emphasize	VERB
cjfa-3241	98	6	that	that	SCONJ
cjfa-3241	98	7	in	in	ADP
cjfa-3241	98	8	recent	recent	ADJ
cjfa-3241	98	9	years	year	NOUN
cjfa-3241	98	10	,	,	PUNCT
cjfa-3241	98	11	the	the	DET
cjfa-3241	98	12	sector	sector	NOUN
cjfa-3241	98	13	of	of	ADP
cjfa-3241	98	14	derivative	derivative	ADJ
cjfa-3241	98	15	instruments	instrument	NOUN
cjfa-3241	98	16	have	have	AUX
cjfa-3241	98	17	developed	develop	VERB
cjfa-3241	98	18	intensively	intensively	ADV
cjfa-3241	98	19	.	.	PUNCT
cjfa-3241	99	1	it	it	PRON
cjfa-3241	99	2	is	be	AUX
cjfa-3241	99	3	made	make	VERB
cjfa-3241	99	4	visible	visible	ADJ
cjfa-3241	99	5	in	in	ADP
cjfa-3241	99	6	both	both	DET
cjfa-3241	99	7	increase	increase	NOUN
cjfa-3241	99	8	of	of	ADP
cjfa-3241	99	9	volume	volume	NOUN
cjfa-3241	99	10	of	of	ADP
cjfa-3241	99	11	transactions	transaction	NOUN
cjfa-3241	99	12	with	with	ADP
cjfa-3241	99	13	its	its	PRON
cjfa-3241	99	14	part	part	NOUN
cjfa-3241	99	15	,	,	PUNCT
cjfa-3241	99	16	as	as	ADV
cjfa-3241	99	17	well	well	ADV
cjfa-3241	99	18	as	as	ADP
cjfa-3241	99	19	a	a	DET
cjfa-3241	99	20	catalogue	catalogue	NOUN
cjfa-3241	99	21	of	of	ADP
cjfa-3241	99	22	their	their	PRON
cjfa-3241	99	23	kinds	kind	NOUN
cjfa-3241	99	24	functioning	function	VERB
cjfa-3241	99	25	within	within	ADP
cjfa-3241	99	26	trade	trade	NOUN
cjfa-3241	99	27	.	.	PUNCT
cjfa-3241	100	1	scheme	scheme	NOUN
cjfa-3241	100	2	3	3	NUM
cjfa-3241	100	3	.	.	PUNCT
cjfa-3241	101	1	a	a	DET
cjfa-3241	101	2	pyramid	pyramid	NOUN
cjfa-3241	101	3	of	of	ADP
cjfa-3241	101	4	innovations	innovation	NOUN
cjfa-3241	101	5	referring	refer	VERB
cjfa-3241	101	6	to	to	ADP
cjfa-3241	101	7	basic	basic	ADJ
cjfa-3241	101	8	derivatives	derivative	NOUN
cjfa-3241	101	9	source	source	NOUN
cjfa-3241	101	10	:	:	PUNCT
cjfa-3241	101	11	żebruń	żebruń	NOUN
cjfa-3241	101	12	a.	a.	NOUN
cjfa-3241	101	13	(	(	PUNCT
cjfa-3241	101	14	2010	2010	NUM
cjfa-3241	101	15	)	)	PUNCT
cjfa-3241	101	16	,	,	PUNCT
cjfa-3241	101	17	22	22	NUM
cjfa-3241	101	18	.	.	PUNCT
cjfa-3241	102	1	in	in	ADP
cjfa-3241	102	2	order	order	NOUN
cjfa-3241	102	3	to	to	PART
cjfa-3241	102	4	secure	secure	VERB
cjfa-3241	102	5	the	the	DET
cjfa-3241	102	6	enterprise	enterprise	NOUN
cjfa-3241	102	7	against	against	ADP
cjfa-3241	102	8	various	various	ADJ
cjfa-3241	102	9	types	type	NOUN
cjfa-3241	102	10	of	of	ADP
cjfa-3241	102	11	risk	risk	NOUN
cjfa-3241	102	12	,	,	PUNCT
cjfa-3241	102	13	basis	basis	NOUN
cjfa-3241	102	14	kinds	kind	NOUN
cjfa-3241	102	15	of	of	ADP
cjfa-3241	102	16	derivative	derivative	ADJ
cjfa-3241	102	17	instruments	instrument	NOUN
cjfa-3241	102	18	are	be	AUX
cjfa-3241	102	19	often	often	ADV
cjfa-3241	102	20	applied	apply	VERB
cjfa-3241	102	21	.	.	PUNCT
cjfa-3241	103	1	however	however	ADV
cjfa-3241	103	2	,	,	PUNCT
cjfa-3241	103	3	regarding	regard	VERB
cjfa-3241	103	4	diverse	diverse	ADJ
cjfa-3241	103	5	needs	need	NOUN
cjfa-3241	103	6	in	in	ADP
cjfa-3241	103	7	numerous	numerous	ADJ
cjfa-3241	103	8	entities	entity	NOUN
cjfa-3241	103	9	,	,	PUNCT
cjfa-3241	103	10	these	these	PRON
cjfa-3241	103	11	are	be	AUX
cjfa-3241	103	12	those	those	DET
cjfa-3241	103	13	complex	complex	ADJ
cjfa-3241	103	14	strategies	strategy	NOUN
cjfa-3241	103	15	,	,	PUNCT
cjfa-3241	103	16	constituting	constitute	VERB
cjfa-3241	103	17	combinations	combination	NOUN
cjfa-3241	103	18	of	of	ADP
cjfa-3241	103	19	different	different	ADJ
cjfa-3241	103	20	derivatives	derivative	NOUN
cjfa-3241	103	21	that	that	PRON
cjfa-3241	103	22	are	be	AUX
cjfa-3241	103	23	applied	apply	VERB
cjfa-3241	103	24	.	.	PUNCT
cjfa-3241	104	1	on	on	ADP
cjfa-3241	104	2	one	one	NUM
cjfa-3241	104	3	hand	hand	NOUN
cjfa-3241	104	4	,	,	PUNCT
cjfa-3241	104	5	their	their	PRON
cjfa-3241	104	6	applications	application	NOUN
cjfa-3241	104	7	may	may	AUX
cjfa-3241	104	8	arise	arise	VERB
cjfa-3241	104	9	from	from	ADP
cjfa-3241	104	10	the	the	DET
cjfa-3241	104	11	need	need	NOUN
cjfa-3241	104	12	of	of	ADP
cjfa-3241	104	13	lowering	lower	VERB
cjfa-3241	104	14	the	the	DET
cjfa-3241	104	15	costs	cost	NOUN
cjfa-3241	104	16	of	of	ADP
cjfa-3241	104	17	security	security	NOUN
cjfa-3241	104	18	.	.	PUNCT
cjfa-3241	105	1	on	on	ADP
cjfa-3241	105	2	the	the	DET
cjfa-3241	105	3	other	other	ADJ
cjfa-3241	105	4	,	,	PUNCT
cjfa-3241	105	5	it	it	PRON
cjfa-3241	105	6	may	may	AUX
cjfa-3241	105	7	be	be	AUX
cjfa-3241	105	8	cause	cause	VERB
cjfa-3241	105	9	by	by	ADP
cjfa-3241	105	10	a	a	DET
cjfa-3241	105	11	strive	strive	NOUN
cjfa-3241	105	12	to	to	PART
cjfa-3241	105	13	simultaneous	simultaneous	ADJ
cjfa-3241	105	14	security	security	NOUN
cjfa-3241	105	15	against	against	ADP
cjfa-3241	105	16	various	various	ADJ
cjfa-3241	105	17	types	type	NOUN
cjfa-3241	105	18	of	of	ADP
cjfa-3241	105	19	risks	risk	NOUN
cjfa-3241	105	20	.	.	PUNCT
cjfa-3241	106	1	hedging	hedge	VERB
cjfa-3241	106	2	strategies	strategy	NOUN
cjfa-3241	106	3	on	on	ADP
cjfa-3241	106	4	the	the	DET
cjfa-3241	106	5	example	example	NOUN
cjfa-3241	106	6	of	of	ADP
cjfa-3241	106	7	kghm	kghm	PROPN
cjfa-3241	106	8	polska	polska	PROPN
cjfa-3241	106	9	miedź	miedź	PROPN
cjfa-3241	106	10	sa	sa	PROPN
cjfa-3241	106	11	and	and	CCONJ
cjfa-3241	106	12	pgnig	pgnig	PROPN
cjfa-3241	106	13	sa	sa	PROPN
cjfa-3241	106	14	options	option	NOUN
cjfa-3241	106	15	for	for	ADP
cjfa-3241	106	16	futures	future	NOUN
cjfa-3241	106	17	options	option	NOUN
cjfa-3241	106	18	for	for	ADP
cjfa-3241	106	19	options	option	NOUN
cjfa-3241	106	20	options	option	NOUN
cjfa-3241	106	21	for	for	ADP
cjfa-3241	106	22	swap	swap	NOUN
cjfa-3241	106	23	options	option	NOUN
cjfa-3241	106	24	futures	future	NOUN
cjfa-3241	106	25	contracts	contract	NOUN
cjfa-3241	106	26	swaps	swap	NOUN
cjfa-3241	106	27	swaps	swap	NOUN
cjfa-3241	106	28	of	of	ADP
cjfa-3241	106	29	second	second	ADJ
cjfa-3241	106	30	generation	generation	NOUN
cjfa-3241	106	31	strategies	strategy	NOUN
cjfa-3241	106	32	based	base	VERB
cjfa-3241	106	33	on	on	ADP
cjfa-3241	106	34	several	several	ADJ
cjfa-3241	106	35	options	option	NOUN
cjfa-3241	106	36	exotic	exotic	ADJ
cjfa-3241	106	37	options	option	NOUN
cjfa-3241	106	38	syntetic	syntetic	ADJ
cjfa-3241	106	39	strategies	strategy	NOUN
cjfa-3241	106	40	complex	complex	ADJ
cjfa-3241	106	41	strategies	strategy	NOUN
cjfa-3241	106	42	modification	modification	NOUN
cjfa-3241	106	43	of	of	ADP
cjfa-3241	106	44	parameters	parameter	NOUN
cjfa-3241	106	45	of	of	ADP
cjfa-3241	106	46	basis	basis	NOUN
cjfa-3241	106	47	instruments	instrument	NOUN
cjfa-3241	106	48	derivatives	derivative	NOUN
cjfa-3241	106	49	from	from	ADP
cjfa-3241	106	50	derivatives	derivative	NOUN
cjfa-3241	106	51	s	s	PART
cjfa-3241	106	52	o	o	NOUN
cjfa-3241	106	53	u	u	NOUN
cjfa-3241	106	54	r	r	NOUN
cjfa-3241	106	55	c	c	NOUN
cjfa-3241	106	56	e	e	NOUN
cjfa-3241	106	57	:	:	PUNCT
cjfa-3241	106	58	żebruń	żebruń	NOUN
cjfa-3241	106	59	a.	a.	NOUN
cjfa-3241	106	60	(	(	PUNCT
cjfa-3241	106	61	2010	2010	NUM
cjfa-3241	106	62	)	)	PUNCT
cjfa-3241	106	63	,	,	PUNCT
cjfa-3241	106	64	22	22	NUM
cjfa-3241	106	65	.	.	NOUN
cjfa-3241	107	1	4	4	X
cjfa-3241	107	2	.	.	X
cjfa-3241	107	3	hedging	hedge	VERB
cjfa-3241	107	4	strategies	strategy	NOUN
cjfa-3241	107	5	on	on	ADP
cjfa-3241	107	6	the	the	DET
cjfa-3241	107	7	example	example	NOUN
cjfa-3241	107	8	of	of	ADP
cjfa-3241	107	9	kghm	kghm	PROPN
cjfa-3241	107	10	polska	polska	PROPN
cjfa-3241	107	11	miedź	miedź	PROPN
cjfa-3241	107	12	sa	sa	PROPN
cjfa-3241	107	13	and	and	CCONJ
cjfa-3241	107	14	pgnig	pgnig	PROPN
cjfa-3241	107	15	sa	sa	PROPN
cjfa-3241	107	16	practical	practical	ADJ
cjfa-3241	107	17	presentation	presentation	NOUN
cjfa-3241	107	18	of	of	ADP
cjfa-3241	107	19	the	the	DET
cjfa-3241	107	20	using	use	VERB
cjfa-3241	107	21	derivatives	derivative	NOUN
cjfa-3241	107	22	for	for	ADP
cjfa-3241	107	23	the	the	DET
cjfa-3241	107	24	need	need	NOUN
cjfa-3241	107	25	of	of	ADP
cjfa-3241	107	26	securing	secure	VERB
cjfa-3241	107	27	against	against	ADP
cjfa-3241	107	28	chosen	choose	VERB
cjfa-3241	107	29	types	type	NOUN
cjfa-3241	107	30	of	of	ADP
cjfa-3241	107	31	risks	risk	NOUN
cjfa-3241	107	32	,	,	PUNCT
cjfa-3241	107	33	was	be	AUX
cjfa-3241	107	34	drawn	draw	VERB
cjfa-3241	107	35	up	up	ADP
cjfa-3241	107	36	based	base	VERB
cjfa-3241	107	37	on	on	ADP
cjfa-3241	107	38	the	the	DET
cjfa-3241	107	39	example	example	NOUN
cjfa-3241	107	40	of	of	ADP
cjfa-3241	107	41	enterprises	enterprise	NOUN
cjfa-3241	107	42	that	that	PRON
cjfa-3241	107	43	operate	operate	VERB
cjfa-3241	107	44	in	in	ADP
cjfa-3241	107	45	poland	poland	PROPN
cjfa-3241	107	46	.	.	PUNCT
cjfa-3241	108	1	the	the	DET
cjfa-3241	108	2	selection	selection	NOUN
cjfa-3241	108	3	was	be	AUX
cjfa-3241	108	4	conducted	conduct	VERB
cjfa-3241	108	5	on	on	ADP
cjfa-3241	108	6	the	the	DET
cjfa-3241	108	7	basis	basis	NOUN
cjfa-3241	108	8	of	of	ADP
cjfa-3241	108	9	a	a	DET
cjfa-3241	108	10	list	list	NOUN
cjfa-3241	108	11	encompassing	encompass	VERB
cjfa-3241	108	12	500	500	NUM
cjfa-3241	108	13	biggest	big	ADJ
cjfa-3241	108	14	polish	polish	ADJ
cjfa-3241	108	15	companies	company	NOUN
cjfa-3241	108	16	from	from	ADP
cjfa-3241	108	17	2012	2012	NUM
cjfa-3241	108	18	,	,	PUNCT
cjfa-3241	108	19	prepared	prepare	VERB
cjfa-3241	108	20	by	by	ADP
cjfa-3241	108	21	“	"	PUNCT
cjfa-3241	108	22	polityka	polityka	ADJ
cjfa-3241	108	23	”	"	PUNCT
cjfa-3241	108	24	weekly	weekly	ADJ
cjfa-3241	108	25	magazine	magazine	NOUN
cjfa-3241	108	26	.	.	PUNCT
cjfa-3241	109	1	the	the	DET
cjfa-3241	109	2	initial	initial	ADJ
cjfa-3241	109	3	analysis	analysis	NOUN
cjfa-3241	109	4	of	of	ADP
cjfa-3241	109	5	reports	report	NOUN
cjfa-3241	109	6	from	from	ADP
cjfa-3241	109	7	several	several	ADJ
cjfa-3241	109	8	biggest	big	ADJ
cjfa-3241	109	9	entities	entity	NOUN
cjfa-3241	109	10	,	,	PUNCT
cjfa-3241	109	11	according	accord	VERB
cjfa-3241	109	12	to	to	ADP
cjfa-3241	109	13	the	the	DET
cjfa-3241	109	14	ranking	ranking	NOUN
cjfa-3241	109	15	through	through	ADP
cjfa-3241	109	16	the	the	DET
cjfa-3241	109	17	prism	prism	NOUN
cjfa-3241	109	18	of	of	ADP
cjfa-3241	109	19	the	the	DET
cjfa-3241	109	20	included	include	VERB
cjfa-3241	109	21	information	information	NOUN
cjfa-3241	109	22	regarding	regard	VERB
cjfa-3241	109	23	hedging	hedging	NOUN
cjfa-3241	109	24	,	,	PUNCT
cjfa-3241	109	25	allowed	allow	VERB
cjfa-3241	109	26	to	to	PART
cjfa-3241	109	27	point	point	VERB
cjfa-3241	109	28	kghm	kghm	PROPN
cjfa-3241	109	29	polska	polska	PROPN
cjfa-3241	109	30	miedź	miedź	PROPN
cjfa-3241	109	31	sa	sa	PROPN
cjfa-3241	109	32	and	and	CCONJ
cjfa-3241	109	33	pgnig	pgnig	PROPN
cjfa-3241	109	34	sa	sa	PROPN
cjfa-3241	109	35	as	as	ADP
cjfa-3241	109	36	interesting	interesting	ADJ
cjfa-3241	109	37	examples	example	NOUN
cjfa-3241	109	38	of	of	ADP
cjfa-3241	109	39	the	the	DET
cjfa-3241	109	40	discussed	discuss	VERB
cjfa-3241	109	41	problems	problem	NOUN
cjfa-3241	109	42	(	(	PUNCT
cjfa-3241	109	43	lista	lista	PROPN
cjfa-3241	109	44	500	500	NUM
cjfa-3241	109	45	polityki	polityki	NOUN
cjfa-3241	109	46	2013	2013	NUM
cjfa-3241	109	47	)	)	PUNCT
cjfa-3241	109	48	.	.	PUNCT
cjfa-3241	110	1	kghm	kghm	PROPN
cjfa-3241	110	2	sa	sa	PROPN
cjfa-3241	111	1	first	first	ADV
cjfa-3241	111	2	of	of	ADP
cjfa-3241	111	3	all	all	DET
cjfa-3241	111	4	deals	deal	NOUN
cjfa-3241	111	5	with	with	ADP
cjfa-3241	111	6	exploring	explore	VERB
cjfa-3241	111	7	,	,	PUNCT
cjfa-3241	111	8	proceeding	proceeding	NOUN
cjfa-3241	111	9	and	and	CCONJ
cjfa-3241	111	10	selling	sell	VERB
cjfa-3241	111	11	copper	copper	NOUN
cjfa-3241	111	12	and	and	CCONJ
cjfa-3241	111	13	silver	silver	NOUN
cjfa-3241	111	14	.	.	PUNCT
cjfa-3241	112	1	character	character	NOUN
cjfa-3241	112	2	of	of	ADP
cjfa-3241	112	3	the	the	DET
cjfa-3241	112	4	operated	operate	VERB
cjfa-3241	112	5	business	business	NOUN
cjfa-3241	112	6	causes	cause	VERB
cjfa-3241	112	7	that	that	SCONJ
cjfa-3241	112	8	activity	activity	NOUN
cjfa-3241	112	9	of	of	ADP
cjfa-3241	112	10	the	the	DET
cjfa-3241	112	11	company	company	NOUN
cjfa-3241	112	12	is	be	AUX
cjfa-3241	112	13	exposed	expose	VERB
cjfa-3241	112	14	to	to	ADP
cjfa-3241	112	15	the	the	DET
cjfa-3241	112	16	following	follow	VERB
cjfa-3241	112	17	types	type	NOUN
cjfa-3241	112	18	of	of	ADP
cjfa-3241	112	19	market	market	NOUN
cjfa-3241	112	20	risk	risk	NOUN
cjfa-3241	112	21	(	(	PUNCT
cjfa-3241	112	22	financial	financial	ADJ
cjfa-3241	112	23	statement	statement	NOUN
cjfa-3241	112	24	of	of	ADP
cjfa-3241	112	25	kghm	kghm	PROPN
cjfa-3241	112	26	sa	sa	PROPN
cjfa-3241	112	27	for	for	ADP
cjfa-3241	112	28	2012	2012	NUM
cjfa-3241	112	29	,	,	PUNCT
cjfa-3241	112	30	84	84	NUM
cjfa-3241	112	31	):	):	PUNCT
cjfa-3241	112	32	■	■	PUNCT
cjfa-3241	112	33	metal	metal	NOUN
cjfa-3241	112	34	price	price	NOUN
cjfa-3241	112	35	risk	risk	NOUN
cjfa-3241	112	36	,	,	PUNCT
cjfa-3241	112	37	■	■	PUNCT
cjfa-3241	112	38	foreign	foreign	ADJ
cjfa-3241	112	39	exchange	exchange	NOUN
cjfa-3241	112	40	risk	risk	NOUN
cjfa-3241	112	41	,	,	PUNCT
cjfa-3241	112	42	jarosław	jarosław	PROPN
cjfa-3241	112	43	pawłowski160	pawłowski160	PROPN
cjfa-3241	112	44	■	■	PROPN
cjfa-3241	112	45	interest	interest	NOUN
cjfa-3241	112	46	rate	rate	NOUN
cjfa-3241	112	47	risk	risk	NOUN
cjfa-3241	112	48	,	,	PUNCT
cjfa-3241	112	49	■	■	PUNCT
cjfa-3241	112	50	price	price	NOUN
cjfa-3241	112	51	risk	risk	NOUN
cjfa-3241	112	52	connected	connect	VERB
cjfa-3241	112	53	with	with	ADP
cjfa-3241	112	54	investments	investment	NOUN
cjfa-3241	112	55	in	in	ADP
cjfa-3241	112	56	debt	debt	NOUN
cjfa-3241	112	57	securities	security	NOUN
cjfa-3241	112	58	and	and	CCONJ
cjfa-3241	112	59	share	share	NOUN
cjfa-3241	112	60	units	unit	NOUN
cjfa-3241	112	61	in	in	ADP
cjfa-3241	112	62	open	open	ADJ
cjfa-3241	112	63	-	-	PUNCT
cjfa-3241	112	64	end	end	NOUN
cjfa-3241	112	65	investment	investment	NOUN
cjfa-3241	112	66	funds	fund	NOUN
cjfa-3241	112	67	,	,	PUNCT
cjfa-3241	112	68	■	■	PUNCT
cjfa-3241	112	69	price	price	NOUN
cjfa-3241	112	70	risk	risk	NOUN
cjfa-3241	112	71	connected	connect	VERB
cjfa-3241	112	72	with	with	ADP
cjfa-3241	112	73	investments	investment	NOUN
cjfa-3241	112	74	in	in	ADP
cjfa-3241	112	75	shares	share	NOUN
cjfa-3241	112	76	of	of	ADP
cjfa-3241	112	77	public	public	ADJ
cjfa-3241	112	78	companies	company	NOUN
cjfa-3241	112	79	.	.	PUNCT
cjfa-3241	113	1	specificity	specificity	NOUN
cjfa-3241	113	2	of	of	ADP
cjfa-3241	113	3	resources	resource	NOUN
cjfa-3241	113	4	and	and	CCONJ
cjfa-3241	113	5	metals	metal	NOUN
cjfa-3241	113	6	markets	market	NOUN
cjfa-3241	113	7	,	,	PUNCT
cjfa-3241	113	8	including	include	VERB
cjfa-3241	113	9	copper	copper	NOUN
cjfa-3241	113	10	and	and	CCONJ
cjfa-3241	113	11	silver	silver	NOUN
cjfa-3241	113	12	,	,	PUNCT
cjfa-3241	113	13	causes	cause	VERB
cjfa-3241	113	14	that	that	SCONJ
cjfa-3241	113	15	they	they	PRON
cjfa-3241	113	16	are	be	AUX
cjfa-3241	113	17	characterized	characterize	VERB
cjfa-3241	113	18	with	with	ADP
cjfa-3241	113	19	a	a	DET
cjfa-3241	113	20	high	high	ADJ
cjfa-3241	113	21	level	level	NOUN
cjfa-3241	113	22	of	of	ADP
cjfa-3241	113	23	price	price	NOUN
cjfa-3241	113	24	changeability	changeability	NOUN
cjfa-3241	113	25	.	.	PUNCT
cjfa-3241	114	1	this	this	PRON
cjfa-3241	114	2	is	be	AUX
cjfa-3241	114	3	a	a	DET
cjfa-3241	114	4	source	source	NOUN
cjfa-3241	114	5	for	for	ADP
cjfa-3241	114	6	the	the	DET
cjfa-3241	114	7	meaning	meaning	NOUN
cjfa-3241	114	8	of	of	ADP
cjfa-3241	114	9	price	price	NOUN
cjfa-3241	114	10	risk	risk	NOUN
cjfa-3241	114	11	in	in	ADP
cjfa-3241	114	12	the	the	DET
cjfa-3241	114	13	discussed	discuss	VERB
cjfa-3241	114	14	case	case	NOUN
cjfa-3241	114	15	.	.	PUNCT
cjfa-3241	115	1	according	accord	VERB
cjfa-3241	115	2	to	to	ADP
cjfa-3241	115	3	the	the	DET
cjfa-3241	115	4	fact	fact	NOUN
cjfa-3241	115	5	that	that	SCONJ
cjfa-3241	115	6	contracts	contract	NOUN
cjfa-3241	115	7	regarding	regard	VERB
cjfa-3241	115	8	sales	sale	NOUN
cjfa-3241	115	9	of	of	ADP
cjfa-3241	115	10	copper	copper	NOUN
cjfa-3241	115	11	and	and	CCONJ
cjfa-3241	115	12	silver	silver	NOUN
cjfa-3241	115	13	are	be	AUX
cjfa-3241	115	14	concluded	conclude	VERB
cjfa-3241	115	15	with	with	ADP
cjfa-3241	115	16	prices	price	NOUN
cjfa-3241	115	17	expressed	express	VERB
cjfa-3241	115	18	in	in	ADP
cjfa-3241	115	19	american	american	ADJ
cjfa-3241	115	20	dollars	dollar	NOUN
cjfa-3241	115	21	,	,	PUNCT
cjfa-3241	115	22	so	so	SCONJ
cjfa-3241	115	23	foreign	foreign	ADJ
cjfa-3241	115	24	exchange	exchange	NOUN
cjfa-3241	115	25	risk	risk	NOUN
cjfa-3241	115	26	is	be	AUX
cjfa-3241	115	27	also	also	ADV
cjfa-3241	115	28	crucial	crucial	ADJ
cjfa-3241	115	29	.	.	PUNCT
cjfa-3241	116	1	in	in	ADP
cjfa-3241	116	2	turn	turn	NOUN
cjfa-3241	116	3	,	,	PUNCT
cjfa-3241	116	4	the	the	DET
cjfa-3241	116	5	present	present	ADJ
cjfa-3241	116	6	risk	risk	NOUN
cjfa-3241	116	7	of	of	ADP
cjfa-3241	116	8	interest	interest	NOUN
cjfa-3241	116	9	rates	rate	NOUN
cjfa-3241	116	10	refers	refer	VERB
cjfa-3241	116	11	first	first	ADV
cjfa-3241	116	12	of	of	ADP
cjfa-3241	116	13	all	all	PRON
cjfa-3241	116	14	to	to	ADP
cjfa-3241	116	15	evaluation	evaluation	NOUN
cjfa-3241	116	16	of	of	ADP
cjfa-3241	116	17	the	the	DET
cjfa-3241	116	18	taken	take	VERB
cjfa-3241	116	19	credits	credit	NOUN
cjfa-3241	116	20	,	,	PUNCT
cjfa-3241	116	21	loans	loan	NOUN
cjfa-3241	116	22	,	,	PUNCT
cjfa-3241	116	23	and	and	CCONJ
cjfa-3241	116	24	issued	issue	VERB
cjfa-3241	116	25	or	or	CCONJ
cjfa-3241	116	26	obtained	obtain	VERB
cjfa-3241	116	27	debt	debt	NOUN
cjfa-3241	116	28	financial	financial	ADJ
cjfa-3241	116	29	instruments	instrument	NOUN
cjfa-3241	116	30	.	.	PUNCT
cjfa-3241	117	1	application	application	NOUN
cjfa-3241	117	2	of	of	ADP
cjfa-3241	117	3	derivative	derivative	ADJ
cjfa-3241	117	4	instruments	instrument	NOUN
cjfa-3241	117	5	was	be	AUX
cjfa-3241	117	6	planned	plan	VERB
cjfa-3241	117	7	for	for	ADP
cjfa-3241	117	8	scope	scope	NOUN
cjfa-3241	117	9	of	of	ADP
cjfa-3241	117	10	the	the	DET
cjfa-3241	117	11	company	company	NOUN
cjfa-3241	117	12	’s	’s	PART
cjfa-3241	117	13	process	process	NOUN
cjfa-3241	117	14	of	of	ADP
cjfa-3241	117	15	financial	financial	ADJ
cjfa-3241	117	16	risk	risk	NOUN
cjfa-3241	117	17	management	management	NOUN
cjfa-3241	117	18	regarding	regard	VERB
cjfa-3241	117	19	price	price	NOUN
cjfa-3241	117	20	,	,	PUNCT
cjfa-3241	117	21	exchange	exchange	NOUN
cjfa-3241	117	22	rate	rate	NOUN
cjfa-3241	117	23	or	or	CCONJ
cjfa-3241	117	24	interest	interest	NOUN
cjfa-3241	117	25	rate	rate	NOUN
cjfa-3241	117	26	risk	risk	NOUN
cjfa-3241	117	27	.	.	PUNCT
cjfa-3241	118	1	in	in	ADP
cjfa-3241	118	2	2012	2012	NUM
cjfa-3241	118	3	,	,	PUNCT
cjfa-3241	118	4	we	we	PRON
cjfa-3241	118	5	observed	observe	VERB
cjfa-3241	118	6	application	application	NOUN
cjfa-3241	118	7	of	of	ADP
cjfa-3241	118	8	derivative	derivative	ADJ
cjfa-3241	118	9	instruments	instrument	NOUN
cjfa-3241	118	10	for	for	ADP
cjfa-3241	118	11	the	the	DET
cjfa-3241	118	12	need	need	NOUN
cjfa-3241	118	13	of	of	ADP
cjfa-3241	118	14	limiting	limit	VERB
cjfa-3241	118	15	price	price	NOUN
cjfa-3241	118	16	and	and	CCONJ
cjfa-3241	118	17	exchange	exchange	NOUN
cjfa-3241	118	18	rate	rate	NOUN
cjfa-3241	118	19	risk	risk	NOUN
cjfa-3241	118	20	.	.	PUNCT
cjfa-3241	119	1	in	in	ADP
cjfa-3241	119	2	case	case	NOUN
cjfa-3241	119	3	of	of	ADP
cjfa-3241	119	4	the	the	DET
cjfa-3241	119	5	interest	interest	NOUN
cjfa-3241	119	6	rate	rate	NOUN
cjfa-3241	119	7	risk	risk	NOUN
cjfa-3241	119	8	it	it	PRON
cjfa-3241	119	9	was	be	AUX
cjfa-3241	119	10	agreed	agree	VERB
cjfa-3241	119	11	that	that	SCONJ
cjfa-3241	119	12	it	it	PRON
cjfa-3241	119	13	did	do	AUX
cjfa-3241	119	14	not	not	PART
cjfa-3241	119	15	have	have	VERB
cjfa-3241	119	16	significant	significant	ADJ
cjfa-3241	119	17	influence	influence	NOUN
cjfa-3241	119	18	on	on	ADP
cjfa-3241	119	19	the	the	DET
cjfa-3241	119	20	results	result	NOUN
cjfa-3241	119	21	of	of	ADP
cjfa-3241	119	22	the	the	DET
cjfa-3241	119	23	subject	subject	NOUN
cjfa-3241	119	24	.	.	PUNCT
cjfa-3241	120	1	in	in	ADP
cjfa-3241	120	2	turn	turn	NOUN
cjfa-3241	120	3	,	,	PUNCT
cjfa-3241	120	4	tables	table	NOUN
cjfa-3241	120	5	1	1	NUM
cjfa-3241	120	6	,	,	PUNCT
cjfa-3241	120	7	2	2	NUM
cjfa-3241	120	8	and	and	CCONJ
cjfa-3241	120	9	3	3	NUM
cjfa-3241	120	10	illustrate	illustrate	VERB
cjfa-3241	120	11	planned	plan	VERB
cjfa-3241	120	12	hedging	hedging	NOUN
cjfa-3241	120	13	strategies	strategy	NOUN
cjfa-3241	120	14	for	for	ADP
cjfa-3241	120	15	2013	2013	NUM
cjfa-3241	120	16	in	in	ADP
cjfa-3241	120	17	kghm	kghm	PROPN
cjfa-3241	120	18	polska	polska	PROPN
cjfa-3241	120	19	miedź	miedź	PROPN
cjfa-3241	120	20	sa	sa	PROPN
cjfa-3241	120	21	.	.	PUNCT
cjfa-3241	120	22	table	table	NOUN
cjfa-3241	120	23	1	1	NUM
cjfa-3241	120	24	.	.	PUNCT
cjfa-3241	120	25	option	option	NOUN
cjfa-3241	120	26	strategies	strategy	NOUN
cjfa-3241	120	27	that	that	PRON
cjfa-3241	120	28	refer	refer	VERB
cjfa-3241	120	29	to	to	ADP
cjfa-3241	120	30	securing	secure	VERB
cjfa-3241	120	31	sales	sale	NOUN
cjfa-3241	120	32	prices	price	NOUN
cjfa-3241	120	33	of	of	ADP
cjfa-3241	120	34	copper	copper	NOUN
cjfa-3241	120	35	,	,	PUNCT
cjfa-3241	120	36	planned	plan	VERB
cjfa-3241	120	37	for	for	ADP
cjfa-3241	120	38	2013	2013	NUM
cjfa-3241	120	39	by	by	ADP
cjfa-3241	120	40	kghm	kghm	PROPN
cjfa-3241	120	41	polska	polska	PROPN
cjfa-3241	120	42	miedź	miedź	PROPN
cjfa-3241	120	43	sa	sa	PROPN
cjfa-3241	120	44	period	period	NOUN
cjfa-3241	120	45	instrument	instrument	NOUN
cjfa-3241	120	46	volume	volume	NOUN
cjfa-3241	120	47	[	[	X
cjfa-3241	120	48	tons	ton	NOUN
cjfa-3241	120	49	]	]	PUNCT
cjfa-3241	120	50	execution	execution	NOUN
cjfa-3241	120	51	price	price	NOUN
cjfa-3241	120	52	of	of	ADP
cjfa-3241	120	53	the	the	DET
cjfa-3241	120	54	option	option	NOUN
cjfa-3241	120	55	[	[	X
cjfa-3241	120	56	usd	usd	NOUN
cjfa-3241	120	57	/	/	SYM
cjfa-3241	120	58	t	t	NOUN
cjfa-3241	120	59	]	]	PUNCT
cjfa-3241	120	60	effective	effective	ADJ
cjfa-3241	120	61	price	price	NOUN
cjfa-3241	120	62	of	of	ADP
cjfa-3241	120	63	security	security	NOUN
cjfa-3241	120	64	[	[	X
cjfa-3241	120	65	usd	usd	NOUN
cjfa-3241	120	66	/	/	SYM
cjfa-3241	120	67	t]sales	t]sale	NOUN
cjfa-3241	120	68	of	of	ADP
cjfa-3241	120	69	call	call	NOUN
cjfa-3241	120	70	options	option	NOUN
cjfa-3241	120	71	purchase	purchase	NOUN
cjfa-3241	120	72	of	of	ADP
cjfa-3241	120	73	put	put	VERB
cjfa-3241	120	74	options	option	NOUN
cjfa-3241	120	75	sales	sale	NOUN
cjfa-3241	120	76	of	of	ADP
cjfa-3241	120	77	put	put	ADJ
cjfa-3241	120	78	options	option	NOUN
cjfa-3241	120	79	1st	1st	ADJ
cjfa-3241	120	80	half	half	NOUN
cjfa-3241	120	81	2013	2013	NUM
cjfa-3241	120	82	mewa	mewa	PROPN
cjfa-3241	120	83	korytarz	korytarz	PROPN
cjfa-3241	120	84	korytarz	korytarz	PROPN
cjfa-3241	120	85	mewa	mewa	PROPN
cjfa-3241	120	86	mewa	mewa	PROPN
cjfa-3241	120	87	korytarz	korytarz	PROPN
cjfa-3241	120	88	korytarz	korytarz	PROPN
cjfa-3241	120	89	19	19	NUM
cjfa-3241	121	1	500	500	NUM
cjfa-3241	121	2	10	10	NUM
cjfa-3241	121	3	500	500	NUM
cjfa-3241	121	4	10	10	NUM
cjfa-3241	121	5	500	500	NUM
cjfa-3241	121	6	6	6	NUM
cjfa-3241	121	7	000	000	NUM
cjfa-3241	121	8	15	15	NUM
cjfa-3241	121	9	000	000	NUM
cjfa-3241	121	10	3	3	NUM
cjfa-3241	121	11	000	000	NUM
cjfa-3241	121	12	9	9	NUM
cjfa-3241	121	13	000	000	NUM
cjfa-3241	121	14	9	9	NUM
cjfa-3241	121	15	500	500	NUM
cjfa-3241	121	16	12	12	NUM
cjfa-3241	121	17	000	000	NUM
cjfa-3241	121	18	11	11	NUM
cjfa-3241	121	19	500	500	NUM
cjfa-3241	121	20	10	10	NUM
cjfa-3241	121	21	200	200	NUM
cjfa-3241	121	22	10	10	NUM
cjfa-3241	121	23	300	300	NUM
cjfa-3241	121	24	9	9	NUM
cjfa-3241	121	25	200	200	NUM
cjfa-3241	121	26	9	9	NUM
cjfa-3241	121	27	300	300	NUM
cjfa-3241	121	28	7	7	NUM
cjfa-3241	121	29	200	200	NUM
cjfa-3241	121	30	8	8	NUM
cjfa-3241	121	31	500	500	NUM
cjfa-3241	121	32	8	8	NUM
cjfa-3241	121	33	200	200	NUM
cjfa-3241	121	34	7	7	NUM
cjfa-3241	121	35	700	700	NUM
cjfa-3241	121	36	7	7	NUM
cjfa-3241	121	37	800	800	NUM
cjfa-3241	121	38	7	7	NUM
cjfa-3241	121	39	200	200	NUM
cjfa-3241	121	40	7	7	NUM
cjfa-3241	121	41	300	300	NUM
cjfa-3241	121	42	4	4	NUM
cjfa-3241	121	43	700	700	NUM
cjfa-3241	121	44	–	–	PUNCT
cjfa-3241	121	45	–	–	PUNCT
cjfa-3241	121	46	4	4	NUM
cjfa-3241	121	47	500	500	NUM
cjfa-3241	121	48	4	4	NUM
cjfa-3241	121	49	500	500	NUM
cjfa-3241	121	50	–	–	PUNCT
cjfa-3241	121	51	–	–	PUNCT
cjfa-3241	121	52	6	6	NUM
cjfa-3241	121	53	817	817	NUM
cjfa-3241	121	54	8	8	NUM
cjfa-3241	121	55	040	040	NUM
cjfa-3241	121	56	7	7	NUM
cjfa-3241	121	57	867	867	NUM
cjfa-3241	121	58	7	7	NUM
cjfa-3241	121	59	368	368	NUM
cjfa-3241	121	60	7	7	NUM
cjfa-3241	121	61	432	432	NUM
cjfa-3241	121	62	6	6	NUM
cjfa-3241	121	63	880	880	NUM
cjfa-3241	121	64	6	6	NUM
cjfa-3241	121	65	960	960	NUM
cjfa-3241	121	66	2nd	2nd	ADJ
cjfa-3241	121	67	half	half	ADJ
cjfa-3241	121	68	2013	2013	NUM
cjfa-3241	121	69	korytarz	korytarz	NOUN
cjfa-3241	121	70	korytarz	korytarz	PROPN
cjfa-3241	121	71	mewa	mewa	PROPN
cjfa-3241	121	72	mewa	mewa	PROPN
cjfa-3241	121	73	korytarz	korytarz	PROPN
cjfa-3241	122	1	10	10	NUM
cjfa-3241	122	2	500	500	NUM
cjfa-3241	122	3	10	10	NUM
cjfa-3241	122	4	500	500	NUM
cjfa-3241	122	5	6	6	NUM
cjfa-3241	122	6	000	000	NUM
cjfa-3241	122	7	15	15	NUM
cjfa-3241	122	8	000	000	NUM
cjfa-3241	122	9	19	19	NUM
cjfa-3241	122	10	500	500	NUM
cjfa-3241	122	11	12	12	NUM
cjfa-3241	122	12	000	000	NUM
cjfa-3241	122	13	11	11	NUM
cjfa-3241	122	14	500	500	NUM
cjfa-3241	122	15	10	10	NUM
cjfa-3241	122	16	200	200	NUM
cjfa-3241	122	17	10	10	NUM
cjfa-3241	122	18	300	300	NUM
cjfa-3241	122	19	9	9	NUM
cjfa-3241	122	20	300	300	NUM
cjfa-3241	122	21	8	8	NUM
cjfa-3241	122	22	500	500	NUM
cjfa-3241	122	23	8	8	NUM
cjfa-3241	122	24	200	200	NUM
cjfa-3241	122	25	7	7	NUM
cjfa-3241	122	26	700	700	NUM
cjfa-3241	122	27	7	7	NUM
cjfa-3241	122	28	800	800	NUM
cjfa-3241	122	29	7	7	NUM
cjfa-3241	122	30	600	600	NUM
cjfa-3241	122	31	–	–	PUNCT
cjfa-3241	122	32	–	–	PUNCT
cjfa-3241	122	33	4	4	NUM
cjfa-3241	122	34	500	500	NUM
cjfa-3241	122	35	4	4	NUM
cjfa-3241	122	36	500	500	NUM
cjfa-3241	122	37	–	–	PUNCT
cjfa-3241	122	38	8	8	NUM
cjfa-3241	122	39	040	040	NUM
cjfa-3241	122	40	7	7	NUM
cjfa-3241	122	41	867	867	NUM
cjfa-3241	122	42	7	7	NUM
cjfa-3241	122	43	368	368	NUM
cjfa-3241	122	44	7	7	NUM
cjfa-3241	122	45	432	432	NUM
cjfa-3241	122	46	7	7	NUM
cjfa-3241	122	47	310	310	NUM
cjfa-3241	122	48	suma	suma	NOUN
cjfa-3241	122	49	135	135	NUM
cjfa-3241	122	50	000	000	NUM
cjfa-3241	122	51	s	s	PART
cjfa-3241	122	52	o	o	NOUN
cjfa-3241	122	53	u	u	NOUN
cjfa-3241	122	54	r	r	NOUN
cjfa-3241	122	55	c	c	NOUN
cjfa-3241	122	56	e	e	NOUN
cjfa-3241	122	57	:	:	PUNCT
cjfa-3241	122	58	financial	financial	ADJ
cjfa-3241	122	59	statement	statement	NOUN
cjfa-3241	122	60	of	of	ADP
cjfa-3241	122	61	kghm	kghm	PROPN
cjfa-3241	122	62	polska	polska	PROPN
cjfa-3241	122	63	miedź	miedź	PROPN
cjfa-3241	122	64	sa	sa	PROPN
cjfa-3241	122	65	for	for	ADP
cjfa-3241	122	66	2012	2012	NUM
cjfa-3241	122	67	,	,	PUNCT
cjfa-3241	122	68	87	87	NUM
cjfa-3241	122	69	.	.	PUNCT
cjfa-3241	122	70	derivatives	derivative	NOUN
cjfa-3241	122	71	as	as	ADP
cjfa-3241	122	72	security	security	NOUN
cjfa-3241	122	73	against	against	ADP
cjfa-3241	122	74	market	market	NOUN
cjfa-3241	122	75	risk	risk	NOUN
cjfa-3241	122	76	on	on	ADP
cjfa-3241	122	77	the	the	DET
cjfa-3241	122	78	example	example	NOUN
cjfa-3241	122	79	161	161	NUM
cjfa-3241	122	80	table	table	NOUN
cjfa-3241	122	81	2	2	NUM
cjfa-3241	122	82	.	.	PUNCT
cjfa-3241	122	83	option	option	NOUN
cjfa-3241	122	84	strategies	strategy	NOUN
cjfa-3241	122	85	that	that	PRON
cjfa-3241	122	86	refer	refer	VERB
cjfa-3241	122	87	to	to	ADP
cjfa-3241	122	88	securing	secure	VERB
cjfa-3241	122	89	sales	sale	NOUN
cjfa-3241	122	90	prices	price	NOUN
cjfa-3241	122	91	of	of	ADP
cjfa-3241	122	92	silver	silver	NOUN
cjfa-3241	122	93	,	,	PUNCT
cjfa-3241	122	94	planned	plan	VERB
cjfa-3241	122	95	for	for	ADP
cjfa-3241	122	96	2013	2013	NUM
cjfa-3241	122	97	by	by	ADP
cjfa-3241	122	98	kghm	kghm	PROPN
cjfa-3241	122	99	polska	polska	PROPN
cjfa-3241	122	100	miedź	miedź	PROPN
cjfa-3241	122	101	sa	sa	PROPN
cjfa-3241	122	102	period	period	NOUN
cjfa-3241	122	103	instrument	instrument	NOUN
cjfa-3241	122	104	volume	volume	NOUN
cjfa-3241	122	105	[	[	X
cjfa-3241	122	106	mln	mln	NUM
cjfa-3241	122	107	ounces	ounce	NOUN
cjfa-3241	122	108	]	]	PUNCT
cjfa-3241	122	109	execution	execution	NOUN
cjfa-3241	122	110	price	price	NOUN
cjfa-3241	122	111	of	of	ADP
cjfa-3241	122	112	the	the	DET
cjfa-3241	122	113	option	option	NOUN
cjfa-3241	122	114	[	[	X
cjfa-3241	122	115	usd	usd	NOUN
cjfa-3241	122	116	/	/	SYM
cjfa-3241	122	117	t	t	NOUN
cjfa-3241	122	118	]	]	PUNCT
cjfa-3241	122	119	effective	effective	ADJ
cjfa-3241	122	120	price	price	NOUN
cjfa-3241	122	121	of	of	ADP
cjfa-3241	122	122	security	security	NOUN
cjfa-3241	122	123	[	[	X
cjfa-3241	122	124	usd	usd	NOUN
cjfa-3241	122	125	/	/	SYM
cjfa-3241	122	126	t]sales	t]sale	NOUN
cjfa-3241	122	127	of	of	ADP
cjfa-3241	122	128	call	call	NOUN
cjfa-3241	122	129	options	option	NOUN
cjfa-3241	122	130	purchase	purchase	NOUN
cjfa-3241	122	131	of	of	ADP
cjfa-3241	122	132	put	put	VERB
cjfa-3241	122	133	options	option	NOUN
cjfa-3241	122	134	sales	sale	NOUN
cjfa-3241	122	135	of	of	ADP
cjfa-3241	122	136	put	put	ADJ
cjfa-3241	122	137	options	option	NOUN
cjfa-3241	122	138	1st	1st	ADJ
cjfa-3241	122	139	half	half	NOUN
cjfa-3241	122	140	2013	2013	NUM
cjfa-3241	122	141	mewal	mewal	NOUN
cjfa-3241	122	142	1,80	1,80	NUM
cjfa-3241	122	143	65,00	65,00	NOUN
cjfa-3241	122	144	40,00	40,00	NOUN
cjfa-3241	122	145	20,00	20,00	NUM
cjfa-3241	122	146	38,02	38,02	NUM
cjfa-3241	122	147	2nd	2nd	ADJ
cjfa-3241	122	148	half	half	ADJ
cjfa-3241	122	149	2013	2013	NUM
cjfa-3241	122	150	korytarz	korytarz	NOUN
cjfa-3241	122	151	1,80	1,80	NUM
cjfa-3241	122	152	65,00	65,00	NOUN
cjfa-3241	122	153	40,00	40,00	NOUN
cjfa-3241	122	154	20,00	20,00	NUM
cjfa-3241	122	155	38,02	38,02	NUM
cjfa-3241	122	156	suma	suma	NOUN
cjfa-3241	122	157	3,60	3,60	NUM
cjfa-3241	122	158	s	s	PART
cjfa-3241	122	159	o	o	X
cjfa-3241	122	160	u	u	NOUN
cjfa-3241	122	161	r	r	NOUN
cjfa-3241	122	162	c	c	NOUN
cjfa-3241	122	163	e	e	NOUN
cjfa-3241	122	164	:	:	PUNCT
cjfa-3241	122	165	financial	financial	ADJ
cjfa-3241	122	166	statement	statement	NOUN
cjfa-3241	122	167	of	of	ADP
cjfa-3241	122	168	kghm	kghm	PROPN
cjfa-3241	122	169	polska	polska	PROPN
cjfa-3241	122	170	miedź	miedź	PROPN
cjfa-3241	122	171	sa	sa	PROPN
cjfa-3241	122	172	for	for	ADP
cjfa-3241	122	173	2012	2012	NUM
cjfa-3241	122	174	,	,	PUNCT
cjfa-3241	122	175	87	87	NUM
cjfa-3241	122	176	.	.	PUNCT
cjfa-3241	122	177	table	table	NOUN
cjfa-3241	122	178	3	3	NUM
cjfa-3241	122	179	.	.	PUNCT
cjfa-3241	122	180	option	option	NOUN
cjfa-3241	122	181	strategies	strategy	NOUN
cjfa-3241	122	182	that	that	PRON
cjfa-3241	122	183	refer	refer	VERB
cjfa-3241	122	184	to	to	ADP
cjfa-3241	122	185	securing	secure	VERB
cjfa-3241	122	186	exchange	exchange	NOUN
cjfa-3241	122	187	rates	rate	NOUN
cjfa-3241	122	188	,	,	PUNCT
cjfa-3241	122	189	planned	plan	VERB
cjfa-3241	122	190	for	for	ADP
cjfa-3241	122	191	2013	2013	NUM
cjfa-3241	122	192	by	by	ADP
cjfa-3241	122	193	kghm	kghm	PROPN
cjfa-3241	122	194	polska	polska	PROPN
cjfa-3241	122	195	miedź	miedź	PROPN
cjfa-3241	122	196	sa	sa	PROPN
cjfa-3241	122	197	period	period	NOUN
cjfa-3241	122	198	instrument	instrument	NOUN
cjfa-3241	122	199	denomination	denomination	NOUN
cjfa-3241	122	200	[	[	X
cjfa-3241	122	201	mln	mln	NUM
cjfa-3241	122	202	usd	usd	NOUN
cjfa-3241	122	203	]	]	PUNCT
cjfa-3241	122	204	execution	execution	NOUN
cjfa-3241	122	205	price	price	NOUN
cjfa-3241	122	206	of	of	ADP
cjfa-3241	122	207	the	the	DET
cjfa-3241	122	208	option	option	NOUN
cjfa-3241	122	209	[	[	X
cjfa-3241	122	210	usd	usd	NOUN
cjfa-3241	122	211	/	/	SYM
cjfa-3241	122	212	pln	pln	NOUN
cjfa-3241	122	213	]	]	PUNCT
cjfa-3241	122	214	effective	effective	ADJ
cjfa-3241	122	215	course	course	NOUN
cjfa-3241	122	216	of	of	ADP
cjfa-3241	122	217	security	security	NOUN
cjfa-3241	122	218	[	[	X
cjfa-3241	122	219	usd	usd	NOUN
cjfa-3241	122	220	/	/	SYM
cjfa-3241	122	221	pln	pln	NOUN
cjfa-3241	122	222	]	]	X
cjfa-3241	122	223	sales	sale	NOUN
cjfa-3241	122	224	of	of	ADP
cjfa-3241	122	225	call	call	NOUN
cjfa-3241	122	226	options	option	NOUN
cjfa-3241	122	227	purchase	purchase	NOUN
cjfa-3241	122	228	of	of	ADP
cjfa-3241	122	229	put	put	VERB
cjfa-3241	122	230	options	option	NOUN
cjfa-3241	122	231	sales	sale	NOUN
cjfa-3241	122	232	of	of	ADP
cjfa-3241	122	233	put	put	ADJ
cjfa-3241	122	234	options	option	NOUN
cjfa-3241	122	235	1st	1st	ADJ
cjfa-3241	122	236	half	half	NOUN
cjfa-3241	122	237	2013	2013	NUM
cjfa-3241	122	238	mewa	mewa	NOUN
cjfa-3241	122	239	korytarz	korytarz	NOUN
cjfa-3241	123	1	240	240	NUM
cjfa-3241	123	2	240	240	NUM
cjfa-3241	123	3	4,0000	4,0000	NUM
cjfa-3241	123	4	4,2000	4,2000	NUM
cjfa-3241	123	5	3,1500	3,1500	NUM
cjfa-3241	123	6	3,2000	3,2000	NUM
cjfa-3241	123	7	2,6000	2,6000	NUM
cjfa-3241	123	8	–	–	PUNCT
cjfa-3241	123	9	3,1168	3,1168	NUM
cjfa-3241	123	10	3,1350	3,1350	NUM
cjfa-3241	123	11	2nd	2nd	ADJ
cjfa-3241	123	12	half	half	ADJ
cjfa-3241	123	13	2013	2013	NUM
cjfa-3241	123	14	mewa	mewa	NOUN
cjfa-3241	123	15	korytarz	korytarz	NOUN
cjfa-3241	123	16	240	240	NUM
cjfa-3241	123	17	240	240	NUM
cjfa-3241	123	18	4,0000	4,0000	NUM
cjfa-3241	123	19	4,2000	4,2000	NUM
cjfa-3241	123	20	3,1500	3,1500	NUM
cjfa-3241	123	21	3,2000	3,2000	NUM
cjfa-3241	123	22	2,6000	2,6000	NUM
cjfa-3241	123	23	–	–	PUNCT
cjfa-3241	123	24	3,1270	3,1270	NUM
cjfa-3241	123	25	3,1350	3,1350	PROPN
cjfa-3241	123	26	suma	suma	PROPN
cjfa-3241	123	27	960	960	NUM
cjfa-3241	123	28	s	s	PART
cjfa-3241	123	29	o	o	NOUN
cjfa-3241	123	30	u	u	NOUN
cjfa-3241	123	31	r	r	NOUN
cjfa-3241	123	32	c	c	NOUN
cjfa-3241	123	33	e	e	NOUN
cjfa-3241	123	34	:	:	PUNCT
cjfa-3241	123	35	financial	financial	ADJ
cjfa-3241	123	36	statement	statement	NOUN
cjfa-3241	123	37	of	of	ADP
cjfa-3241	123	38	kghm	kghm	PROPN
cjfa-3241	123	39	polska	polska	PROPN
cjfa-3241	123	40	miedź	miedź	PROPN
cjfa-3241	123	41	sa	sa	PROPN
cjfa-3241	123	42	for	for	ADP
cjfa-3241	123	43	2012	2012	NUM
cjfa-3241	123	44	,	,	PUNCT
cjfa-3241	123	45	88	88	NUM
cjfa-3241	123	46	.	.	PUNCT
cjfa-3241	124	1	security	security	NOUN
cjfa-3241	124	2	against	against	ADP
cjfa-3241	124	3	both	both	DET
cjfa-3241	124	4	price	price	NOUN
cjfa-3241	124	5	and	and	CCONJ
cjfa-3241	124	6	exchange	exchange	NOUN
cjfa-3241	124	7	rate	rate	NOUN
cjfa-3241	124	8	risk	risk	NOUN
cjfa-3241	124	9	in	in	ADP
cjfa-3241	124	10	the	the	DET
cjfa-3241	124	11	examined	examine	VERB
cjfa-3241	124	12	company	company	NOUN
cjfa-3241	124	13	is	be	AUX
cjfa-3241	124	14	based	base	VERB
cjfa-3241	124	15	on	on	ADP
cjfa-3241	124	16	two	two	NUM
cjfa-3241	124	17	option	option	NOUN
cjfa-3241	124	18	strategies	strategy	NOUN
cjfa-3241	124	19	.	.	PUNCT
cjfa-3241	125	1	one	one	NUM
cjfa-3241	125	2	of	of	ADP
cjfa-3241	125	3	them	they	PRON
cjfa-3241	125	4	is	be	AUX
cjfa-3241	125	5	a	a	DET
cjfa-3241	125	6	strategy	strategy	NOUN
cjfa-3241	125	7	determined	determine	VERB
cjfa-3241	125	8	as	as	ADP
cjfa-3241	125	9	“	"	PUNCT
cjfa-3241	125	10	mewa	mewa	VERB
cjfa-3241	125	11	”	"	PUNCT
cjfa-3241	125	12	.	.	PUNCT
cjfa-3241	126	1	it	it	PRON
cjfa-3241	126	2	secures	secure	VERB
cjfa-3241	126	3	against	against	ADP
cjfa-3241	126	4	risk	risk	NOUN
cjfa-3241	126	5	of	of	ADP
cjfa-3241	126	6	price	price	NOUN
cjfa-3241	126	7	/	/	SYM
cjfa-3241	126	8	exchange	exchange	NOUN
cjfa-3241	126	9	rate	rate	NOUN
cjfa-3241	126	10	falling	fall	VERB
cjfa-3241	126	11	below	below	ADP
cjfa-3241	126	12	a	a	DET
cjfa-3241	126	13	determined	determined	ADJ
cjfa-3241	126	14	minimum	minimum	ADJ
cjfa-3241	126	15	level	level	NOUN
cjfa-3241	126	16	,	,	PUNCT
cjfa-3241	126	17	and	and	CCONJ
cjfa-3241	126	18	at	at	ADP
cjfa-3241	126	19	the	the	DET
cjfa-3241	126	20	same	same	ADJ
cjfa-3241	126	21	time	time	NOUN
cjfa-3241	126	22	it	it	PRON
cjfa-3241	126	23	allows	allow	VERB
cjfa-3241	126	24	to	to	PART
cjfa-3241	126	25	take	take	VERB
cjfa-3241	126	26	advantage	advantage	NOUN
cjfa-3241	126	27	from	from	ADP
cjfa-3241	126	28	the	the	DET
cjfa-3241	126	29	growth	growth	NOUN
cjfa-3241	126	30	to	to	ADP
cjfa-3241	126	31	the	the	DET
cjfa-3241	126	32	maximum	maximum	ADJ
cjfa-3241	126	33	value	value	NOUN
cjfa-3241	126	34	accepted	accept	VERB
cjfa-3241	126	35	in	in	ADP
cjfa-3241	126	36	the	the	DET
cjfa-3241	126	37	strategy	strategy	NOUN
cjfa-3241	126	38	.	.	PUNCT
cjfa-3241	127	1	what	what	PRON
cjfa-3241	127	2	is	be	AUX
cjfa-3241	127	3	more	more	ADJ
cjfa-3241	127	4	,	,	PUNCT
cjfa-3241	127	5	in	in	ADP
cjfa-3241	127	6	case	case	NOUN
cjfa-3241	127	7	when	when	SCONJ
cjfa-3241	127	8	market	market	NOUN
cjfa-3241	127	9	rate	rate	NOUN
cjfa-3241	127	10	exceeds	exceed	VERB
cjfa-3241	127	11	a	a	DET
cjfa-3241	127	12	so	so	ADV
cjfa-3241	127	13	called	call	VERB
cjfa-3241	127	14	participation	participation	NOUN
cjfa-3241	127	15	rate	rate	NOUN
cjfa-3241	127	16	,	,	PUNCT
cjfa-3241	127	17	then	then	ADV
cjfa-3241	127	18	the	the	DET
cjfa-3241	127	19	company	company	NOUN
cjfa-3241	127	20	obtains	obtain	VERB
cjfa-3241	127	21	a	a	DET
cjfa-3241	127	22	subsidy	subsidy	NOUN
cjfa-3241	127	23	.	.	PUNCT
cjfa-3241	128	1	construction	construction	NOUN
cjfa-3241	128	2	of	of	ADP
cjfa-3241	128	3	this	this	DET
cjfa-3241	128	4	strategy	strategy	NOUN
cjfa-3241	128	5	is	be	AUX
cjfa-3241	128	6	based	base	VERB
cjfa-3241	128	7	on	on	ADP
cjfa-3241	128	8	(	(	PUNCT
cjfa-3241	128	9	strategia	strategia	X
cjfa-3241	128	10	mewa	mewa	PROPN
cjfa-3241	128	11	dla	dla	PROPN
cjfa-3241	128	12	eksportera	eksportera	PROPN
cjfa-3241	128	13	2013	2013	NUM
cjfa-3241	128	14	):	):	PUNCT
cjfa-3241	129	1	■	■	PUNCT
cjfa-3241	129	2	purchasing	purchase	VERB
cjfa-3241	129	3	put	put	VERB
cjfa-3241	129	4	options	option	NOUN
cjfa-3241	129	5	with	with	ADP
cjfa-3241	129	6	a	a	DET
cjfa-3241	129	7	price	price	NOUN
cjfa-3241	129	8	/	/	SYM
cjfa-3241	129	9	exchange	exchange	NOUN
cjfa-3241	129	10	rate	rate	NOUN
cjfa-3241	129	11	of	of	ADP
cjfa-3241	129	12	execution	execution	NOUN
cjfa-3241	129	13	that	that	PRON
cjfa-3241	129	14	is	be	AUX
cjfa-3241	129	15	equal	equal	ADJ
cjfa-3241	129	16	to	to	ADP
cjfa-3241	129	17	minimum	minimum	NOUN
cjfa-3241	129	18	value	value	NOUN
cjfa-3241	129	19	,	,	PUNCT
cjfa-3241	129	20	■	■	PUNCT
cjfa-3241	129	21	selling	sell	VERB
cjfa-3241	129	22	put	put	VERB
cjfa-3241	129	23	options	option	NOUN
cjfa-3241	129	24	with	with	ADP
cjfa-3241	129	25	a	a	DET
cjfa-3241	129	26	price	price	NOUN
cjfa-3241	129	27	/	/	SYM
cjfa-3241	129	28	exchange	exchange	NOUN
cjfa-3241	129	29	rate	rate	NOUN
cjfa-3241	129	30	of	of	ADP
cjfa-3241	129	31	execution	execution	NOUN
cjfa-3241	129	32	that	that	PRON
cjfa-3241	129	33	is	be	AUX
cjfa-3241	129	34	equal	equal	ADJ
cjfa-3241	129	35	to	to	ADP
cjfa-3241	129	36	maximum	maximum	ADJ
cjfa-3241	129	37	value	value	NOUN
cjfa-3241	129	38	,	,	PUNCT
cjfa-3241	129	39	jarosław	jarosław	PROPN
cjfa-3241	129	40	pawłowski162	pawłowski162	PROPN
cjfa-3241	129	41	■	■	PUNCT
cjfa-3241	129	42	purchasing	purchase	VERB
cjfa-3241	129	43	call	call	NOUN
cjfa-3241	129	44	options	option	NOUN
cjfa-3241	129	45	with	with	ADP
cjfa-3241	129	46	a	a	DET
cjfa-3241	129	47	price	price	NOUN
cjfa-3241	129	48	/	/	SYM
cjfa-3241	129	49	exchange	exchange	NOUN
cjfa-3241	129	50	rate	rate	NOUN
cjfa-3241	129	51	of	of	ADP
cjfa-3241	129	52	execution	execution	NOUN
cjfa-3241	129	53	that	that	PRON
cjfa-3241	129	54	is	be	AUX
cjfa-3241	129	55	equal	equal	ADJ
cjfa-3241	129	56	to	to	ADP
cjfa-3241	129	57	participation	participation	NOUN
cjfa-3241	129	58	value	value	NOUN
cjfa-3241	129	59	.	.	PUNCT
cjfa-3241	130	1	this	this	PRON
cjfa-3241	130	2	is	be	AUX
cjfa-3241	130	3	a	a	DET
cjfa-3241	130	4	zero	zero	NUM
cjfa-3241	130	5	cost	cost	NOUN
cjfa-3241	130	6	strategy	strategy	NOUN
cjfa-3241	130	7	.	.	PUNCT
cjfa-3241	131	1	hence	hence	ADV
cjfa-3241	131	2	,	,	PUNCT
cjfa-3241	131	3	realization	realization	NOUN
cjfa-3241	131	4	levels	level	NOUN
cjfa-3241	131	5	are	be	AUX
cjfa-3241	131	6	determined	determine	VERB
cjfa-3241	131	7	in	in	ADP
cjfa-3241	131	8	a	a	DET
cjfa-3241	131	9	way	way	NOUN
cjfa-3241	131	10	enabling	enable	VERB
cjfa-3241	131	11	equalization	equalization	NOUN
cjfa-3241	131	12	of	of	ADP
cjfa-3241	131	13	paid	pay	VERB
cjfa-3241	131	14	and	and	CCONJ
cjfa-3241	131	15	obtained	obtain	VERB
cjfa-3241	131	16	bonuses	bonus	NOUN
cjfa-3241	131	17	,	,	PUNCT
cjfa-3241	131	18	at	at	ADP
cjfa-3241	131	19	the	the	DET
cjfa-3241	131	20	same	same	ADJ
cjfa-3241	131	21	time	time	NOUN
cjfa-3241	131	22	maintaining	maintain	VERB
cjfa-3241	131	23	the	the	DET
cjfa-3241	131	24	desired	desire	VERB
cjfa-3241	131	25	security	security	NOUN
cjfa-3241	131	26	parameters	parameter	NOUN
cjfa-3241	131	27	.	.	PUNCT
cjfa-3241	132	1	all	all	DET
cjfa-3241	132	2	options	option	NOUN
cjfa-3241	132	3	included	include	VERB
cjfa-3241	132	4	within	within	ADP
cjfa-3241	132	5	this	this	DET
cjfa-3241	132	6	strategy	strategy	NOUN
cjfa-3241	132	7	needs	need	VERB
cjfa-3241	132	8	to	to	PART
cjfa-3241	132	9	be	be	AUX
cjfa-3241	132	10	characterized	characterize	VERB
cjfa-3241	132	11	by	by	ADP
cjfa-3241	132	12	identical	identical	ADJ
cjfa-3241	132	13	denomination	denomination	NOUN
cjfa-3241	132	14	and	and	CCONJ
cjfa-3241	132	15	expiration	expiration	NOUN
cjfa-3241	132	16	date	date	NOUN
cjfa-3241	132	17	(	(	PUNCT
cjfa-3241	132	18	strategia	strategia	X
cjfa-3241	132	19	mewa	mewa	PROPN
cjfa-3241	132	20	dla	dla	PROPN
cjfa-3241	132	21	eksportera	eksportera	PROPN
cjfa-3241	132	22	2013	2013	NUM
cjfa-3241	132	23	)	)	PUNCT
cjfa-3241	132	24	.	.	PUNCT
cjfa-3241	133	1	the	the	DET
cjfa-3241	133	2	second	second	ADJ
cjfa-3241	133	3	option	option	NOUN
cjfa-3241	133	4	strategy	strategy	NOUN
cjfa-3241	133	5	applied	apply	VERB
cjfa-3241	133	6	by	by	ADP
cjfa-3241	133	7	kghm	kghm	PROPN
cjfa-3241	133	8	sa	sa	PROPN
cjfa-3241	133	9	is	be	AUX
cjfa-3241	133	10	strategy	strategy	NOUN
cjfa-3241	133	11	“	"	PUNCT
cjfa-3241	133	12	korytarz	korytarz	NOUN
cjfa-3241	133	13	”	"	PUNCT
cjfa-3241	133	14	.	.	PUNCT
cjfa-3241	134	1	it	it	PRON
cjfa-3241	134	2	encompasses	encompass	VERB
cjfa-3241	134	3	(	(	PUNCT
cjfa-3241	134	4	strategia	strategia	PROPN
cjfa-3241	134	5	korytarz	korytarz	PROPN
cjfa-3241	134	6	dla	dla	PROPN
cjfa-3241	134	7	eksportera	eksportera	PROPN
cjfa-3241	134	8	2013	2013	NUM
cjfa-3241	134	9	):	):	PUNCT
cjfa-3241	135	1	■	■	PUNCT
cjfa-3241	135	2	purchasing	purchase	VERB
cjfa-3241	135	3	put	put	VERB
cjfa-3241	135	4	options	option	NOUN
cjfa-3241	135	5	with	with	ADP
cjfa-3241	135	6	a	a	DET
cjfa-3241	135	7	price	price	NOUN
cjfa-3241	135	8	/	/	SYM
cjfa-3241	135	9	exchange	exchange	NOUN
cjfa-3241	135	10	rate	rate	NOUN
cjfa-3241	135	11	of	of	ADP
cjfa-3241	135	12	execution	execution	NOUN
cjfa-3241	135	13	that	that	PRON
cjfa-3241	135	14	is	be	AUX
cjfa-3241	135	15	equal	equal	ADJ
cjfa-3241	135	16	to	to	ADP
cjfa-3241	135	17	minimum	minimum	NOUN
cjfa-3241	135	18	value	value	NOUN
cjfa-3241	135	19	,	,	PUNCT
cjfa-3241	135	20	■	■	PUNCT
cjfa-3241	135	21	selling	sell	VERB
cjfa-3241	135	22	calll	calll	ADJ
cjfa-3241	135	23	options	option	NOUN
cjfa-3241	135	24	with	with	ADP
cjfa-3241	135	25	a	a	DET
cjfa-3241	135	26	price	price	NOUN
cjfa-3241	135	27	/	/	SYM
cjfa-3241	135	28	exchange	exchange	NOUN
cjfa-3241	135	29	rate	rate	NOUN
cjfa-3241	135	30	of	of	ADP
cjfa-3241	135	31	execution	execution	NOUN
cjfa-3241	135	32	that	that	PRON
cjfa-3241	135	33	is	be	AUX
cjfa-3241	135	34	equal	equal	ADJ
cjfa-3241	135	35	to	to	ADP
cjfa-3241	135	36	maximum	maximum	ADJ
cjfa-3241	135	37	value	value	NOUN
cjfa-3241	135	38	.	.	PUNCT
cjfa-3241	136	1	this	this	DET
cjfa-3241	136	2	strategy	strategy	NOUN
cjfa-3241	136	3	allows	allow	VERB
cjfa-3241	136	4	to	to	PART
cjfa-3241	136	5	secure	secure	VERB
cjfa-3241	136	6	against	against	ADP
cjfa-3241	136	7	risk	risk	NOUN
cjfa-3241	136	8	of	of	ADP
cjfa-3241	136	9	price	price	NOUN
cjfa-3241	136	10	/	/	SYM
cjfa-3241	136	11	exchange	exchange	NOUN
cjfa-3241	136	12	rate	rate	NOUN
cjfa-3241	136	13	decrease	decrease	NOUN
cjfa-3241	136	14	below	below	ADP
cjfa-3241	136	15	the	the	DET
cjfa-3241	136	16	determined	determined	ADJ
cjfa-3241	136	17	minimal	minimal	ADJ
cjfa-3241	136	18	value	value	NOUN
cjfa-3241	136	19	,	,	PUNCT
cjfa-3241	136	20	and	and	CCONJ
cjfa-3241	136	21	at	at	ADP
cjfa-3241	136	22	the	the	DET
cjfa-3241	136	23	same	same	ADJ
cjfa-3241	136	24	time	time	NOUN
cjfa-3241	136	25	it	it	PRON
cjfa-3241	136	26	provides	provide	VERB
cjfa-3241	136	27	an	an	DET
cjfa-3241	136	28	opportunity	opportunity	NOUN
cjfa-3241	136	29	to	to	PART
cjfa-3241	136	30	make	make	VERB
cjfa-3241	136	31	advantage	advantage	NOUN
cjfa-3241	136	32	from	from	ADP
cjfa-3241	136	33	the	the	DET
cjfa-3241	136	34	increase	increase	NOUN
cjfa-3241	136	35	to	to	ADP
cjfa-3241	136	36	the	the	DET
cjfa-3241	136	37	agreed	agree	VERB
cjfa-3241	136	38	maximum	maximum	ADJ
cjfa-3241	136	39	value	value	NOUN
cjfa-3241	136	40	.	.	PUNCT
cjfa-3241	137	1	by	by	ADP
cjfa-3241	137	2	assumption	assumption	NOUN
cjfa-3241	137	3	,	,	PUNCT
cjfa-3241	137	4	this	this	PRON
cjfa-3241	137	5	is	be	AUX
cjfa-3241	137	6	a	a	DET
cjfa-3241	137	7	zero	zero	NUM
cjfa-3241	137	8	cost	cost	NOUN
cjfa-3241	137	9	strategy	strategy	NOUN
cjfa-3241	137	10	,	,	PUNCT
cjfa-3241	137	11	which	which	PRON
cjfa-3241	137	12	is	be	AUX
cjfa-3241	137	13	why	why	SCONJ
cjfa-3241	137	14	it	it	PRON
cjfa-3241	137	15	requires	require	VERB
cjfa-3241	137	16	proper	proper	ADJ
cjfa-3241	137	17	selection	selection	NOUN
cjfa-3241	137	18	of	of	ADP
cjfa-3241	137	19	parameters	parameter	NOUN
cjfa-3241	137	20	(	(	PUNCT
cjfa-3241	137	21	strategia	strategia	PROPN
cjfa-3241	137	22	korytarz	korytarz	PROPN
cjfa-3241	137	23	dla	dla	PROPN
cjfa-3241	137	24	eksportera	eksportera	PROPN
cjfa-3241	137	25	2013	2013	NUM
cjfa-3241	137	26	)	)	PUNCT
cjfa-3241	137	27	.	.	PUNCT
cjfa-3241	138	1	a	a	DET
cjfa-3241	138	2	second	second	ADJ
cjfa-3241	138	3	example	example	NOUN
cjfa-3241	138	4	of	of	ADP
cjfa-3241	138	5	an	an	DET
cjfa-3241	138	6	enterprise	enterprise	NOUN
cjfa-3241	138	7	that	that	PRON
cjfa-3241	138	8	applies	apply	VERB
cjfa-3241	138	9	derivatives	derivative	NOUN
cjfa-3241	138	10	for	for	ADP
cjfa-3241	138	11	the	the	DET
cjfa-3241	138	12	purpose	purpose	NOUN
cjfa-3241	138	13	of	of	ADP
cjfa-3241	138	14	securing	secure	VERB
cjfa-3241	138	15	against	against	ADP
cjfa-3241	138	16	market	market	NOUN
cjfa-3241	138	17	risk	risk	NOUN
cjfa-3241	138	18	is	be	AUX
cjfa-3241	138	19	polskie	polskie	NOUN
cjfa-3241	138	20	górnictwo	górnictwo	PROPN
cjfa-3241	138	21	naftowe	naftowe	VERB
cjfa-3241	139	1	i	i	PRON
cjfa-3241	139	2	gazownictwo	gazownictwo	PROPN
cjfa-3241	139	3	sa	sa	PROPN
cjfa-3241	139	4	.	.	PROPN
cjfa-3241	139	5	subject	subject	NOUN
cjfa-3241	139	6	of	of	ADP
cjfa-3241	139	7	operation	operation	NOUN
cjfa-3241	139	8	of	of	ADP
cjfa-3241	139	9	this	this	DET
cjfa-3241	139	10	company	company	NOUN
cjfa-3241	139	11	is	be	AUX
cjfa-3241	139	12	searching	search	VERB
cjfa-3241	139	13	and	and	CCONJ
cjfa-3241	139	14	exploring	explore	VERB
cjfa-3241	139	15	ground	ground	NOUN
cjfa-3241	139	16	gas	gas	NOUN
cjfa-3241	139	17	and	and	CCONJ
cjfa-3241	139	18	crude	crude	ADJ
cjfa-3241	139	19	oil	oil	NOUN
cjfa-3241	139	20	,	,	PUNCT
cjfa-3241	139	21	as	as	ADV
cjfa-3241	139	22	well	well	ADV
cjfa-3241	139	23	as	as	ADP
cjfa-3241	139	24	import	import	NOUN
cjfa-3241	139	25	,	,	PUNCT
cjfa-3241	139	26	storage	storage	NOUN
cjfa-3241	139	27	,	,	PUNCT
cjfa-3241	139	28	sales	sale	NOUN
cjfa-3241	139	29	and	and	CCONJ
cjfa-3241	139	30	distribution	distribution	NOUN
cjfa-3241	139	31	of	of	ADP
cjfa-3241	139	32	gas	gas	NOUN
cjfa-3241	139	33	and	and	CCONJ
cjfa-3241	139	34	liquid	liquid	ADJ
cjfa-3241	139	35	fuels	fuel	NOUN
cjfa-3241	139	36	.	.	PUNCT
cjfa-3241	140	1	hence	hence	ADV
cjfa-3241	140	2	,	,	PUNCT
cjfa-3241	140	3	the	the	DET
cjfa-3241	140	4	company	company	NOUN
cjfa-3241	140	5	is	be	AUX
cjfa-3241	140	6	especially	especially	ADV
cjfa-3241	140	7	exposed	expose	VERB
cjfa-3241	140	8	to	to	ADP
cjfa-3241	140	9	the	the	DET
cjfa-3241	140	10	following	follow	VERB
cjfa-3241	140	11	types	type	NOUN
cjfa-3241	140	12	of	of	ADP
cjfa-3241	140	13	market	market	NOUN
cjfa-3241	140	14	risks	risk	NOUN
cjfa-3241	140	15	:	:	PUNCT
cjfa-3241	140	16	(	(	PUNCT
cjfa-3241	140	17	financial	financial	ADJ
cjfa-3241	140	18	statement	statement	NOUN
cjfa-3241	140	19	of	of	ADP
cjfa-3241	140	20	pgnig	pgnig	PROPN
cjfa-3241	140	21	2012	2012	NUM
cjfa-3241	140	22	,	,	PUNCT
cjfa-3241	140	23	72	72	NUM
cjfa-3241	140	24	)	)	PUNCT
cjfa-3241	140	25	■	■	PUNCT
cjfa-3241	140	26	foreign	foreign	ADJ
cjfa-3241	140	27	exchange	exchange	NOUN
cjfa-3241	140	28	(	(	PUNCT
cjfa-3241	140	29	currency	currency	NOUN
cjfa-3241	140	30	)	)	PUNCT
cjfa-3241	140	31	risk	risk	NOUN
cjfa-3241	140	32	,	,	PUNCT
cjfa-3241	140	33	■	■	PUNCT
cjfa-3241	140	34	interest	interest	NOUN
cjfa-3241	140	35	rate	rate	NOUN
cjfa-3241	140	36	risk	risk	NOUN
cjfa-3241	140	37	,	,	PUNCT
cjfa-3241	140	38	■	■	PUNCT
cjfa-3241	140	39	commodity	commodity	NOUN
cjfa-3241	140	40	price	price	NOUN
cjfa-3241	140	41	risk	risk	NOUN
cjfa-3241	140	42	.	.	PUNCT
cjfa-3241	141	1	exchange	exchange	NOUN
cjfa-3241	141	2	rate	rate	NOUN
cjfa-3241	141	3	risk	risk	NOUN
cjfa-3241	141	4	in	in	ADP
cjfa-3241	141	5	case	case	NOUN
cjfa-3241	141	6	of	of	ADP
cjfa-3241	141	7	pgnig	pgnig	PROPN
cjfa-3241	141	8	sa	sa	PROPN
cjfa-3241	141	9	refers	refer	VERB
cjfa-3241	141	10	mainly	mainly	ADV
cjfa-3241	141	11	to	to	ADP
cjfa-3241	141	12	long	long	ADV
cjfa-3241	141	13	-	-	PUNCT
cjfa-3241	141	14	standing	stand	VERB
cjfa-3241	141	15	obligations	obligation	NOUN
cjfa-3241	141	16	,	,	PUNCT
cjfa-3241	141	17	which	which	PRON
cjfa-3241	141	18	were	be	AUX
cjfa-3241	141	19	made	make	VERB
cjfa-3241	141	20	in	in	ADP
cjfa-3241	141	21	foreign	foreign	ADJ
cjfa-3241	141	22	currencies	currency	NOUN
cjfa-3241	141	23	(	(	PUNCT
cjfa-3241	141	24	norwegian	norwegian	ADJ
cjfa-3241	141	25	krone	krone	NOUN
cjfa-3241	141	26	and	and	CCONJ
cjfa-3241	141	27	euro	euro	NOUN
cjfa-3241	141	28	)	)	PUNCT
cjfa-3241	141	29	.	.	PUNCT
cjfa-3241	142	1	in	in	ADP
cjfa-3241	142	2	order	order	NOUN
cjfa-3241	142	3	to	to	PART
cjfa-3241	142	4	secure	secure	VERB
cjfa-3241	142	5	against	against	ADP
cjfa-3241	142	6	this	this	DET
cjfa-3241	142	7	kind	kind	NOUN
cjfa-3241	142	8	of	of	ADP
cjfa-3241	142	9	risk	risk	NOUN
cjfa-3241	142	10	and	and	CCONJ
cjfa-3241	142	11	connected	connect	VERB
cjfa-3241	142	12	with	with	ADP
cjfa-3241	142	13	these	these	DET
cjfa-3241	142	14	obligations	obligation	NOUN
cjfa-3241	142	15	interest	interest	NOUN
cjfa-3241	142	16	rate	rate	NOUN
cjfa-3241	142	17	risk	risk	NOUN
cjfa-3241	142	18	,	,	PUNCT
cjfa-3241	142	19	the	the	DET
cjfa-3241	142	20	unit	unit	NOUN
cjfa-3241	142	21	uses	use	VERB
cjfa-3241	142	22	ccirs	ccir	NOUN
cjfa-3241	142	23	transactions	transaction	NOUN
cjfa-3241	142	24	(	(	PUNCT
cjfa-3241	142	25	cross	cross	VERB
cjfa-3241	142	26	currency	currency	NOUN
cjfa-3241	142	27	interest	interest	NOUN
cjfa-3241	142	28	rate	rate	NOUN
cjfa-3241	142	29	swap	swap	NOUN
cjfa-3241	142	30	)	)	PUNCT
cjfa-3241	142	31	.	.	PUNCT
cjfa-3241	143	1	moreover	moreover	ADV
cjfa-3241	143	2	,	,	PUNCT
cjfa-3241	143	3	forward	forward	ADJ
cjfa-3241	143	4	contracts	contract	NOUN
cjfa-3241	143	5	,	,	PUNCT
cjfa-3241	143	6	options	option	NOUN
cjfa-3241	143	7	and	and	CCONJ
cjfa-3241	143	8	option	option	NOUN
cjfa-3241	143	9	strategies	strategy	NOUN
cjfa-3241	143	10	are	be	AUX
cjfa-3241	143	11	adjusted	adjust	VERB
cjfa-3241	143	12	to	to	ADP
cjfa-3241	143	13	the	the	DET
cjfa-3241	143	14	needs	need	NOUN
cjfa-3241	143	15	of	of	ADP
cjfa-3241	143	16	security	security	NOUN
cjfa-3241	143	17	against	against	ADP
cjfa-3241	143	18	changeability	changeability	NOUN
cjfa-3241	143	19	of	of	ADP
cjfa-3241	143	20	currency	currency	NOUN
cjfa-3241	143	21	exchange	exchange	NOUN
cjfa-3241	143	22	rates	rate	NOUN
cjfa-3241	143	23	.	.	PUNCT
cjfa-3241	144	1	character	character	NOUN
cjfa-3241	144	2	of	of	ADP
cjfa-3241	144	3	business	business	NOUN
cjfa-3241	144	4	causes	cause	VERB
cjfa-3241	144	5	that	that	SCONJ
cjfa-3241	144	6	the	the	DET
cjfa-3241	144	7	analysed	analyse	VERB
cjfa-3241	144	8	company	company	NOUN
cjfa-3241	144	9	concludes	conclude	VERB
cjfa-3241	144	10	futures	future	NOUN
cjfa-3241	144	11	contracts	contract	NOUN
cjfa-3241	144	12	for	for	ADP
cjfa-3241	144	13	gas	gas	NOUN
cjfa-3241	144	14	deliveries	delivery	NOUN
cjfa-3241	144	15	.	.	PUNCT
cjfa-3241	145	1	therefore	therefore	ADV
cjfa-3241	145	2	,	,	PUNCT
cjfa-3241	145	3	a	a	DET
cjfa-3241	145	4	significant	significant	ADJ
cjfa-3241	145	5	role	role	NOUN
cjfa-3241	145	6	in	in	ADP
cjfa-3241	145	7	its	its	PRON
cjfa-3241	145	8	operation	operation	NOUN
cjfa-3241	145	9	is	be	AUX
cjfa-3241	145	10	played	play	VERB
cjfa-3241	145	11	by	by	ADP
cjfa-3241	145	12	price	price	NOUN
cjfa-3241	145	13	risk	risk	NOUN
cjfa-3241	145	14	,	,	PUNCT
cjfa-3241	145	15	caused	cause	VERB
cjfa-3241	145	16	by	by	ADP
cjfa-3241	145	17	fluctuations	fluctuation	NOUN
cjfa-3241	145	18	in	in	ADP
cjfa-3241	145	19	petroleum	petroleum	NOUN
cjfa-3241	145	20	products	product	NOUN
cjfa-3241	145	21	on	on	ADP
cjfa-3241	145	22	fuel	fuel	NOUN
cjfa-3241	145	23	markets	market	NOUN
cjfa-3241	145	24	.	.	PUNCT
cjfa-3241	146	1	a	a	DET
cjfa-3241	146	2	role	role	NOUN
cjfa-3241	146	3	of	of	ADP
cjfa-3241	146	4	security	security	NOUN
cjfa-3241	146	5	in	in	ADP
cjfa-3241	146	6	this	this	DET
cjfa-3241	146	7	kind	kind	NOUN
cjfa-3241	146	8	of	of	ADP
cjfa-3241	146	9	risk	risk	NOUN
cjfa-3241	146	10	is	be	AUX
cjfa-3241	146	11	played	play	VERB
cjfa-3241	146	12	by	by	ADP
cjfa-3241	146	13	asian	asian	ADJ
cjfa-3241	146	14	call	call	NOUN
cjfa-3241	146	15	options	option	NOUN
cjfa-3241	146	16	of	of	ADP
cjfa-3241	146	17	european	european	ADJ
cjfa-3241	146	18	derivatives	derivative	NOUN
cjfa-3241	146	19	as	as	ADP
cjfa-3241	146	20	security	security	NOUN
cjfa-3241	146	21	against	against	ADP
cjfa-3241	146	22	market	market	NOUN
cjfa-3241	146	23	risk	risk	NOUN
cjfa-3241	146	24	on	on	ADP
cjfa-3241	146	25	the	the	DET
cjfa-3241	146	26	example	example	NOUN
cjfa-3241	146	27	163	163	NUM
cjfa-3241	146	28	type	type	NOUN
cjfa-3241	146	29	,	,	PUNCT
cjfa-3241	146	30	and	and	CCONJ
cjfa-3241	146	31	risk	risk	NOUN
cjfa-3241	146	32	reversal	reversal	NOUN
cjfa-3241	146	33	option	option	NOUN
cjfa-3241	146	34	strategies	strategy	NOUN
cjfa-3241	146	35	,	,	PUNCT
cjfa-3241	146	36	which	which	PRON
cjfa-3241	146	37	are	be	AUX
cjfa-3241	146	38	based	base	VERB
cjfa-3241	146	39	on	on	ADP
cjfa-3241	146	40	purchasing	purchase	VERB
cjfa-3241	146	41	both	both	PRON
cjfa-3241	146	42	call	call	VERB
cjfa-3241	146	43	and	and	CCONJ
cjfa-3241	146	44	put	put	VERB
cjfa-3241	146	45	options	option	NOUN
cjfa-3241	146	46	.	.	PUNCT
cjfa-3241	147	1	this	this	DET
cjfa-3241	147	2	options	option	NOUN
cjfa-3241	147	3	are	be	AUX
cjfa-3241	147	4	issued	issue	VERB
cjfa-3241	147	5	for	for	ADP
cjfa-3241	147	6	the	the	DET
cjfa-3241	147	7	following	follow	VERB
cjfa-3241	147	8	indexes	index	NOUN
cjfa-3241	147	9	:	:	PUNCT
cjfa-3241	147	10	gasoil	gasoil	NOUN
cjfa-3241	147	11	0,1	0,1	NUM
cjfa-3241	147	12	%	%	NOUN
cjfa-3241	147	13	and	and	CCONJ
cjfa-3241	147	14	fueloil	fueloil	NOUN
cjfa-3241	147	15	1	1	NUM
cjfa-3241	147	16	%	%	NOUN
cjfa-3241	147	17	barges	barge	VERB
cjfa-3241	147	18	fob	fob	NOUN
cjfa-3241	147	19	rotterdam	rotterdam	PROPN
cjfa-3241	147	20	(	(	PUNCT
cjfa-3241	147	21	platt	platt	PROPN
cjfa-3241	147	22	’s	’s	PART
cjfa-3241	147	23	)	)	PUNCT
cjfa-3241	147	24	.	.	PUNCT
cjfa-3241	148	1	table	table	NOUN
cjfa-3241	148	2	4	4	NUM
cjfa-3241	148	3	presents	present	NOUN
cjfa-3241	148	4	chosen	choose	VERB
cjfa-3241	148	5	securities	security	NOUN
cjfa-3241	148	6	applied	apply	VERB
cjfa-3241	148	7	within	within	ADP
cjfa-3241	148	8	the	the	DET
cjfa-3241	148	9	scope	scope	NOUN
cjfa-3241	148	10	of	of	ADP
cjfa-3241	148	11	market	market	NOUN
cjfa-3241	148	12	risk	risk	NOUN
cjfa-3241	148	13	management	management	NOUN
cjfa-3241	148	14	strategy	strategy	NOUN
cjfa-3241	148	15	in	in	ADP
cjfa-3241	148	16	pgnig	pgnig	PROPN
cjfa-3241	148	17	sa	sa	PROPN
cjfa-3241	148	18	.	.	PUNCT
cjfa-3241	149	1	(	(	PUNCT
cjfa-3241	149	2	financial	financial	ADJ
cjfa-3241	149	3	statement	statement	NOUN
cjfa-3241	149	4	of	of	ADP
cjfa-3241	149	5	pgnig	pgnig	PROPN
cjfa-3241	149	6	sa	sa	PROPN
cjfa-3241	149	7	for	for	ADP
cjfa-3241	149	8	2012	2012	NUM
cjfa-3241	149	9	,	,	PUNCT
cjfa-3241	149	10	85–86	85–86	NUM
cjfa-3241	149	11	)	)	PUNCT
cjfa-3241	149	12	.	.	PUNCT
cjfa-3241	150	1	table	table	NOUN
cjfa-3241	150	2	4	4	NUM
cjfa-3241	150	3	.	.	PUNCT
cjfa-3241	150	4	selected	select	VERB
cjfa-3241	150	5	derivatives	derivative	NOUN
cjfa-3241	150	6	applied	apply	VERB
cjfa-3241	150	7	within	within	ADP
cjfa-3241	150	8	the	the	DET
cjfa-3241	150	9	scope	scope	NOUN
cjfa-3241	150	10	of	of	ADP
cjfa-3241	150	11	hedging	hedging	NOUN
cjfa-3241	150	12	,	,	PUNCT
cjfa-3241	150	13	in	in	ADP
cjfa-3241	150	14	reference	reference	NOUN
cjfa-3241	150	15	to	to	ADP
cjfa-3241	150	16	market	market	NOUN
cjfa-3241	150	17	risk	risk	NOUN
cjfa-3241	150	18	in	in	ADP
cjfa-3241	150	19	pgnig	pgnig	PROPN
cjfa-3241	150	20	sa	sa	PROPN
cjfa-3241	150	21	securing	secure	VERB
cjfa-3241	150	22	instrument	instrument	NOUN
cjfa-3241	150	23	secured	secure	VERB
cjfa-3241	150	24	instrument	instrument	NOUN
cjfa-3241	150	25	face	face	NOUN
cjfa-3241	150	26	value	value	NOUN
cjfa-3241	150	27	in	in	ADP
cjfa-3241	150	28	currency	currency	NOUN
cjfa-3241	150	29	[	[	X
cjfa-3241	150	30	mln	mln	X
cjfa-3241	150	31	]	]	X
cjfa-3241	150	32	price	price	NOUN
cjfa-3241	150	33	of	of	ADP
cjfa-3241	150	34	instrument	instrument	NOUN
cjfa-3241	150	35	realization	realization	NOUN
cjfa-3241	150	36	risk	risk	NOUN
cjfa-3241	150	37	ccirs1	ccirs1	PROPN
cjfa-3241	150	38	loan	loan	PROPN
cjfa-3241	150	39	loan	loan	NOUN
cjfa-3241	150	40	eurobonds	eurobond	NOUN
cjfa-3241	150	41	loan	loan	VERB
cjfa-3241	150	42	5	5	NUM
cjfa-3241	150	43	244	244	NUM
cjfa-3241	150	44	nok	nok	ADP
cjfa-3241	150	45	481	481	NUM
cjfa-3241	150	46	nok	nok	ADP
cjfa-3241	150	47	500	500	NUM
cjfa-3241	150	48	eur	eur	NOUN
cjfa-3241	150	49	4	4	NUM
cjfa-3241	150	50	560	560	NUM
cjfa-3241	150	51	nok	nok	X
cjfa-3241	150	52	0,5198	0,5198	ADJ
cjfa-3241	151	1	0,5684	0,5684	NOUN
cjfa-3241	151	2	4,1580	4,1580	ADJ
cjfa-3241	151	3	0,5147	0,5147	PROPN
cjfa-3241	151	4	currency	currency	NOUN
cjfa-3241	151	5	and	and	CCONJ
cjfa-3241	151	6	interest	interest	NOUN
cjfa-3241	151	7	rate	rate	NOUN
cjfa-3241	151	8	risk	risk	NOUN
cjfa-3241	151	9	`	`	PUNCT
cjfa-3241	151	10	forward	forward	ADJ
cjfa-3241	151	11	payments	payment	NOUN
cjfa-3241	151	12	for	for	ADP
cjfa-3241	151	13	gas	gas	NOUN
cjfa-3241	151	14	27	27	NUM
cjfa-3241	151	15	eur	eur	NOUN
cjfa-3241	151	16	34	34	NUM
cjfa-3241	151	17	eur	eur	NOUN
cjfa-3241	151	18	150	150	NUM
cjfa-3241	151	19	usd	usd	NOUN
cjfa-3241	151	20	210	210	NUM
cjfa-3241	151	21	usd	usd	NOUN
cjfa-3241	151	22	4,1665	4,1665	NUM
cjfa-3241	151	23	4,1739	4,1739	X
cjfa-3241	152	1	3,3414	3,3414	NUM
cjfa-3241	152	2	3,2690	3,2690	NUM
cjfa-3241	152	3	currency	currency	NOUN
cjfa-3241	152	4	risk	risk	NOUN
cjfa-3241	152	5	call	call	NOUN
cjfa-3241	152	6	options	option	NOUN
cjfa-3241	152	7	payments	payment	NOUN
cjfa-3241	152	8	for	for	ADP
cjfa-3241	152	9	gas	gas	NOUN
cjfa-3241	152	10	290	290	NUM
cjfa-3241	152	11	usd	usd	NOUN
cjfa-3241	152	12	117	117	NUM
cjfa-3241	152	13	usd	usd	NOUN
cjfa-3241	152	14	390	390	NUM
cjfa-3241	152	15	usd	usd	NOUN
cjfa-3241	152	16	310	310	NUM
cjfa-3241	152	17	usd	usd	NOUN
cjfa-3241	152	18	3,4839	3,4839	NOUN
cjfa-3241	152	19	4,2670	4,2670	NUM
cjfa-3241	152	20	3,3775	3,3775	NUM
cjfa-3241	152	21	3,5328	3,5328	NUM
cjfa-3241	152	22	currency	currency	NOUN
cjfa-3241	152	23	risk	risk	NOUN
cjfa-3241	152	24	put	put	VERB
cjfa-3241	152	25	options	option	NOUN
cjfa-3241	152	26	payments	payment	NOUN
cjfa-3241	152	27	for	for	ADP
cjfa-3241	152	28	gas	gas	NOUN
cjfa-3241	152	29	20	20	NUM
cjfa-3241	152	30	usd	usd	NOUN
cjfa-3241	152	31	3,003	3,003	NUM
cjfa-3241	152	32	currency	currency	NOUN
cjfa-3241	152	33	risk	risk	NOUN
cjfa-3241	152	34	commodity	commodity	NOUN
cjfa-3241	152	35	call	call	NOUN
cjfa-3241	152	36	options	option	NOUN
cjfa-3241	152	37	payments	payment	NOUN
cjfa-3241	152	38	for	for	ADP
cjfa-3241	152	39	gas	gas	NOUN
cjfa-3241	152	40	0,503	0,503	NUM
cjfa-3241	152	41	hfo2	hfo2	NOUN
cjfa-3241	152	42	0,416	0,416	NUM
cjfa-3241	152	43	hfo	hfo	NOUN
cjfa-3241	152	44	0,373	0,373	NUM
cjfa-3241	152	45	go3	go3	NOUN
cjfa-3241	152	46	0,338	0,338	NUM
cjfa-3241	152	47	go	go	VERB
cjfa-3241	152	48	791,65	791,65	NUM
cjfa-3241	152	49	732,38	732,38	NUM
cjfa-3241	152	50	1	1	NUM
cjfa-3241	152	51	097,37	097,37	NOUN
cjfa-3241	152	52	1	1	NUM
cjfa-3241	152	53	014,05	014,05	NOUN
cjfa-3241	152	54	price	price	NOUN
cjfa-3241	152	55	risk	risk	NOUN
cjfa-3241	152	56	of	of	ADP
cjfa-3241	152	57	gas	gas	NOUN
cjfa-3241	152	58	commodity	commodity	NOUN
cjfa-3241	152	59	put	put	VERB
cjfa-3241	152	60	options	option	NOUN
cjfa-3241	152	61	payments	payment	NOUN
cjfa-3241	152	62	for	for	ADP
cjfa-3241	152	63	gas	gas	NOUN
cjfa-3241	152	64	0,454	0,454	NUM
cjfa-3241	152	65	hfo	hfo	X
cjfa-3241	152	66	0,373	0,373	NUM
cjfa-3241	152	67	go	go	VERB
cjfa-3241	152	68	594,79	594,79	NOUN
cjfa-3241	152	69	858,16	858,16	NUM
cjfa-3241	152	70	price	price	NOUN
cjfa-3241	152	71	risk	risk	NOUN
cjfa-3241	152	72	of	of	ADP
cjfa-3241	152	73	gas	gas	NOUN
cjfa-3241	152	74	1	1	NUM
cjfa-3241	152	75	  	  	SPACE
cjfa-3241	152	76	cross	cross	NOUN
cjfa-3241	152	77	currency	currency	NOUN
cjfa-3241	152	78	interest	interest	NOUN
cjfa-3241	152	79	rate	rate	NOUN
cjfa-3241	152	80	swap	swap	NOUN
cjfa-3241	152	81	.	.	PUNCT
cjfa-3241	153	1	2	2	NUM
cjfa-3241	153	2	  	  	SPACE
cjfa-3241	153	3	heavy	heavy	ADJ
cjfa-3241	153	4	fuel	fuel	NOUN
cjfa-3241	153	5	oil	oil	NOUN
cjfa-3241	153	6	.	.	PUNCT
cjfa-3241	154	1	3	3	NUM
cjfa-3241	154	2	  	  	SPACE
cjfa-3241	154	3	gasoil	gasoil	NOUN
cjfa-3241	154	4	.	.	PUNCT
cjfa-3241	155	1	s	s	PART
cjfa-3241	155	2	o	o	X
cjfa-3241	155	3	u	u	NOUN
cjfa-3241	155	4	r	r	NOUN
cjfa-3241	155	5	c	c	NOUN
cjfa-3241	155	6	e	e	NOUN
cjfa-3241	155	7	:	:	PUNCT
cjfa-3241	155	8	financial	financial	ADJ
cjfa-3241	155	9	statement	statement	NOUN
cjfa-3241	155	10	of	of	ADP
cjfa-3241	155	11	pgnig	pgnig	PROPN
cjfa-3241	155	12	sa	sa	PROPN
cjfa-3241	155	13	for	for	ADP
cjfa-3241	155	14	2012	2012	NUM
cjfa-3241	155	15	,	,	PUNCT
cjfa-3241	155	16	86–87	86–87	NUM
cjfa-3241	155	17	.	.	PUNCT
cjfa-3241	155	18	 	 	SPACE
cjfa-3241	156	1	conclusions	conclusion	NOUN
cjfa-3241	156	2	the	the	DET
cjfa-3241	156	3	conducted	conduct	VERB
cjfa-3241	156	4	analysis	analysis	NOUN
cjfa-3241	156	5	of	of	ADP
cjfa-3241	156	6	financial	financial	ADJ
cjfa-3241	156	7	statements	statement	NOUN
cjfa-3241	156	8	of	of	ADP
cjfa-3241	156	9	kghm	kghm	PROPN
cjfa-3241	156	10	and	and	CCONJ
cjfa-3241	156	11	pgnig	pgnig	VERB
cjfa-3241	156	12	in	in	ADP
cjfa-3241	156	13	the	the	DET
cjfa-3241	156	14	context	context	NOUN
cjfa-3241	156	15	of	of	ADP
cjfa-3241	156	16	ways	way	NOUN
cjfa-3241	156	17	of	of	ADP
cjfa-3241	156	18	securing	secure	VERB
cjfa-3241	156	19	against	against	ADP
cjfa-3241	156	20	market	market	NOUN
cjfa-3241	156	21	risk	risk	NOUN
cjfa-3241	156	22	,	,	PUNCT
cjfa-3241	156	23	implies	imply	VERB
cjfa-3241	156	24	that	that	SCONJ
cjfa-3241	156	25	derivative	derivative	ADJ
cjfa-3241	156	26	instruments	instrument	NOUN
cjfa-3241	156	27	are	be	AUX
cjfa-3241	156	28	basic	basic	ADJ
cjfa-3241	156	29	tools	tool	NOUN
cjfa-3241	156	30	applied	apply	VERB
cjfa-3241	156	31	for	for	ADP
cjfa-3241	156	32	this	this	DET
cjfa-3241	156	33	purpose	purpose	NOUN
cjfa-3241	156	34	.	.	PUNCT
cjfa-3241	157	1	they	they	PRON
cjfa-3241	157	2	are	be	AUX
cjfa-3241	157	3	usually	usually	ADV
cjfa-3241	157	4	used	use	VERB
cjfa-3241	157	5	with	with	ADP
cjfa-3241	157	6	regard	regard	NOUN
cjfa-3241	157	7	to	to	ADP
cjfa-3241	157	8	a	a	DET
cjfa-3241	157	9	single	single	ADJ
cjfa-3241	157	10	type	type	NOUN
cjfa-3241	157	11	of	of	ADP
cjfa-3241	157	12	risk	risk	NOUN
cjfa-3241	157	13	.	.	PUNCT
cjfa-3241	158	1	however	however	ADV
cjfa-3241	158	2	,	,	PUNCT
cjfa-3241	158	3	there	there	PRON
cjfa-3241	158	4	are	be	VERB
cjfa-3241	158	5	some	some	DET
cjfa-3241	158	6	instruments	instrument	NOUN
cjfa-3241	158	7	,	,	PUNCT
cjfa-3241	158	8	which	which	PRON
cjfa-3241	158	9	may	may	AUX
cjfa-3241	158	10	at	at	ADP
cjfa-3241	158	11	the	the	DET
cjfa-3241	158	12	same	same	ADJ
cjfa-3241	158	13	time	time	NOUN
cjfa-3241	158	14	constitute	constitute	VERB
cjfa-3241	158	15	a	a	DET
cjfa-3241	158	16	security	security	NOUN
cjfa-3241	158	17	against	against	ADP
cjfa-3241	158	18	more	more	ADJ
cjfa-3241	158	19	than	than	ADP
cjfa-3241	158	20	one	one	NUM
cjfa-3241	158	21	kind	kind	NOUN
cjfa-3241	158	22	of	of	ADP
cjfa-3241	158	23	risk	risk	NOUN
cjfa-3241	158	24	.	.	PUNCT
cjfa-3241	159	1	such	such	ADJ
cjfa-3241	159	2	jarosław	jarosław	PROPN
cjfa-3241	159	3	pawłowski164	pawłowski164	PROPN
cjfa-3241	159	4	an	an	DET
cjfa-3241	159	5	instrument	instrument	NOUN
cjfa-3241	159	6	was	be	AUX
cjfa-3241	159	7	cross	cross	NOUN
cjfa-3241	159	8	currency	currency	NOUN
cjfa-3241	159	9	interest	interest	NOUN
cjfa-3241	159	10	rate	rate	NOUN
cjfa-3241	159	11	swap	swap	NOUN
cjfa-3241	159	12	,	,	PUNCT
cjfa-3241	159	13	used	use	VERB
cjfa-3241	159	14	by	by	ADP
cjfa-3241	159	15	pgnig	pgnig	PROPN
cjfa-3241	159	16	,	,	PUNCT
cjfa-3241	159	17	which	which	PRON
cjfa-3241	159	18	was	be	AUX
cjfa-3241	159	19	a	a	DET
cjfa-3241	159	20	security	security	NOUN
cjfa-3241	159	21	against	against	ADP
cjfa-3241	159	22	currency	currency	NOUN
cjfa-3241	159	23	risk	risk	NOUN
cjfa-3241	159	24	and	and	CCONJ
cjfa-3241	159	25	interest	interest	NOUN
cjfa-3241	159	26	rate	rate	NOUN
cjfa-3241	159	27	risk	risk	NOUN
cjfa-3241	159	28	.	.	PUNCT
cjfa-3241	160	1	a	a	DET
cjfa-3241	160	2	dominating	dominating	NOUN
cjfa-3241	160	3	type	type	NOUN
cjfa-3241	160	4	of	of	ADP
cjfa-3241	160	5	derivative	derivative	ADJ
cjfa-3241	160	6	instruments	instrument	NOUN
cjfa-3241	160	7	,	,	PUNCT
cjfa-3241	160	8	used	use	VERB
cjfa-3241	160	9	by	by	ADP
cjfa-3241	160	10	the	the	DET
cjfa-3241	160	11	examined	examine	VERB
cjfa-3241	160	12	companies	company	NOUN
cjfa-3241	160	13	,	,	PUNCT
cjfa-3241	160	14	are	be	AUX
cjfa-3241	160	15	options	option	NOUN
cjfa-3241	160	16	and	and	CCONJ
cjfa-3241	160	17	strategies	strategy	NOUN
cjfa-3241	160	18	based	base	VERB
cjfa-3241	160	19	on	on	ADP
cjfa-3241	160	20	options	option	NOUN
cjfa-3241	160	21	.	.	PUNCT
cjfa-3241	161	1	in	in	ADP
cjfa-3241	161	2	case	case	NOUN
cjfa-3241	161	3	of	of	ADP
cjfa-3241	161	4	pgnig	pgnig	NOUN
cjfa-3241	161	5	,	,	PUNCT
cjfa-3241	161	6	some	some	DET
cjfa-3241	161	7	positions	position	NOUN
cjfa-3241	161	8	that	that	PRON
cjfa-3241	161	9	are	be	AUX
cjfa-3241	161	10	endangered	endanger	VERB
cjfa-3241	161	11	with	with	ADP
cjfa-3241	161	12	currency	currency	NOUN
cjfa-3241	161	13	risk	risk	NOUN
cjfa-3241	161	14	and	and	CCONJ
cjfa-3241	161	15	interest	interest	NOUN
cjfa-3241	161	16	rate	rate	NOUN
cjfa-3241	161	17	risk	risk	NOUN
cjfa-3241	161	18	are	be	AUX
cjfa-3241	161	19	also	also	ADV
cjfa-3241	161	20	secured	secure	VERB
cjfa-3241	161	21	through	through	ADP
cjfa-3241	161	22	forward	forward	ADJ
cjfa-3241	161	23	contracts	contract	NOUN
cjfa-3241	161	24	and	and	CCONJ
cjfa-3241	161	25	swaps	swap	NOUN
cjfa-3241	161	26	.	.	PUNCT
cjfa-3241	162	1	in	in	ADP
cjfa-3241	162	2	case	case	NOUN
cjfa-3241	162	3	of	of	ADP
cjfa-3241	162	4	kghm	kghm	PROPN
cjfa-3241	162	5	company	company	NOUN
cjfa-3241	162	6	,	,	PUNCT
cjfa-3241	162	7	all	all	DET
cjfa-3241	162	8	hedging	hedging	NOUN
cjfa-3241	162	9	strategies	strategy	NOUN
cjfa-3241	162	10	are	be	AUX
cjfa-3241	162	11	based	base	VERB
cjfa-3241	162	12	on	on	ADP
cjfa-3241	162	13	options	option	NOUN
cjfa-3241	162	14	.	.	PUNCT
cjfa-3241	163	1	it	it	PRON
cjfa-3241	163	2	seems	seem	VERB
cjfa-3241	163	3	that	that	SCONJ
cjfa-3241	163	4	the	the	DET
cjfa-3241	163	5	observed	observed	ADJ
cjfa-3241	163	6	popularity	popularity	NOUN
cjfa-3241	163	7	of	of	ADP
cjfa-3241	163	8	options	option	NOUN
cjfa-3241	163	9	arises	arise	VERB
cjfa-3241	163	10	out	out	ADP
cjfa-3241	163	11	of	of	ADP
cjfa-3241	163	12	their	their	PRON
cjfa-3241	163	13	specificity	specificity	NOUN
cjfa-3241	163	14	,	,	PUNCT
cjfa-3241	163	15	which	which	PRON
cjfa-3241	163	16	enables	enable	VERB
cjfa-3241	163	17	to	to	PART
cjfa-3241	163	18	create	create	VERB
cjfa-3241	163	19	zero	zero	NUM
cjfa-3241	163	20	cost	cost	NOUN
cjfa-3241	163	21	strategies	strategy	NOUN
cjfa-3241	163	22	providing	provide	VERB
cjfa-3241	163	23	an	an	DET
cjfa-3241	163	24	expected	expect	VERB
cjfa-3241	163	25	level	level	NOUN
cjfa-3241	163	26	of	of	ADP
cjfa-3241	163	27	execution	execution	NOUN
cjfa-3241	163	28	prices	price	NOUN
cjfa-3241	163	29	.	.	PUNCT
cjfa-3241	164	1	experiences	experience	NOUN
cjfa-3241	164	2	of	of	ADP
cjfa-3241	164	3	the	the	DET
cjfa-3241	164	4	analysed	analyse	VERB
cjfa-3241	164	5	companies	company	NOUN
cjfa-3241	164	6	prove	prove	VERB
cjfa-3241	164	7	that	that	SCONJ
cjfa-3241	164	8	the	the	DET
cjfa-3241	164	9	derivatives	derivative	NOUN
cjfa-3241	164	10	may	may	AUX
cjfa-3241	164	11	pose	pose	VERB
cjfa-3241	164	12	an	an	DET
cjfa-3241	164	13	effective	effective	ADJ
cjfa-3241	164	14	security	security	NOUN
cjfa-3241	164	15	of	of	ADP
cjfa-3241	164	16	results	result	NOUN
cjfa-3241	164	17	of	of	ADP
cjfa-3241	164	18	operation	operation	NOUN
cjfa-3241	164	19	against	against	ADP
cjfa-3241	164	20	adverse	adverse	ADJ
cjfa-3241	164	21	influence	influence	NOUN
cjfa-3241	164	22	of	of	ADP
cjfa-3241	164	23	separate	separate	ADJ
cjfa-3241	164	24	types	type	NOUN
cjfa-3241	164	25	of	of	ADP
cjfa-3241	164	26	market	market	NOUN
cjfa-3241	164	27	risk	risk	NOUN
cjfa-3241	164	28	.	.	PUNCT
cjfa-3241	165	1	in	in	ADP
cjfa-3241	165	2	kghm	kghm	PROPN
cjfa-3241	165	3	company	company	NOUN
cjfa-3241	165	4	,	,	PUNCT
cjfa-3241	165	5	there	there	PRON
cjfa-3241	165	6	are	be	VERB
cjfa-3241	165	7	actions	action	NOUN
cjfa-3241	165	8	,	,	PUNCT
cjfa-3241	165	9	predicted	predict	VERB
cjfa-3241	165	10	for	for	ADP
cjfa-3241	165	11	future	future	ADJ
cjfa-3241	165	12	several	several	ADJ
cjfa-3241	165	13	years	year	NOUN
cjfa-3241	165	14	,	,	PUNCT
cjfa-3241	165	15	directed	direct	VERB
cjfa-3241	165	16	at	at	ADP
cjfa-3241	165	17	increasing	increase	VERB
cjfa-3241	165	18	the	the	DET
cjfa-3241	165	19	share	share	NOUN
cjfa-3241	165	20	of	of	ADP
cjfa-3241	165	21	the	the	DET
cjfa-3241	165	22	secured	secure	VERB
cjfa-3241	165	23	positions	position	NOUN
cjfa-3241	165	24	.	.	PUNCT
cjfa-3241	166	1	however	however	ADV
cjfa-3241	166	2	,	,	PUNCT
cjfa-3241	166	3	despite	despite	SCONJ
cjfa-3241	166	4	this	this	PRON
cjfa-3241	166	5	,	,	PUNCT
cjfa-3241	166	6	the	the	DET
cjfa-3241	166	7	essence	essence	NOUN
cjfa-3241	166	8	of	of	ADP
cjfa-3241	166	9	derivatives	derivative	NOUN
cjfa-3241	166	10	causes	cause	VERB
cjfa-3241	166	11	that	that	SCONJ
cjfa-3241	166	12	they	they	PRON
cjfa-3241	166	13	are	be	AUX
cjfa-3241	166	14	highly	highly	ADV
cjfa-3241	166	15	dangerous	dangerous	ADJ
cjfa-3241	166	16	tools	tool	NOUN
cjfa-3241	166	17	of	of	ADP
cjfa-3241	166	18	financial	financial	ADJ
cjfa-3241	166	19	engineering	engineering	NOUN
cjfa-3241	166	20	.	.	PUNCT
cjfa-3241	167	1	recent	recent	ADJ
cjfa-3241	167	2	years	year	NOUN
cjfa-3241	167	3	have	have	AUX
cjfa-3241	167	4	proved	prove	VERB
cjfa-3241	167	5	that	that	SCONJ
cjfa-3241	167	6	if	if	SCONJ
cjfa-3241	167	7	applied	apply	VERB
cjfa-3241	167	8	in	in	ADP
cjfa-3241	167	9	a	a	DET
cjfa-3241	167	10	wrong	wrong	ADJ
cjfa-3241	167	11	way	way	NOUN
cjfa-3241	167	12	,	,	PUNCT
cjfa-3241	167	13	they	they	PRON
cjfa-3241	167	14	may	may	AUX
cjfa-3241	167	15	cause	cause	VERB
cjfa-3241	167	16	significant	significant	ADJ
cjfa-3241	167	17	financial	financial	ADJ
cjfa-3241	167	18	loses	lose	NOUN
cjfa-3241	167	19	,	,	PUNCT
cjfa-3241	167	20	or	or	CCONJ
cjfa-3241	167	21	even	even	ADV
cjfa-3241	167	22	bankruptcies	bankruptcy	NOUN
cjfa-3241	167	23	.	.	PUNCT
cjfa-3241	168	1	therefore	therefore	ADV
cjfa-3241	168	2	,	,	PUNCT
cjfa-3241	168	3	it	it	PRON
cjfa-3241	168	4	is	be	AUX
cjfa-3241	168	5	necessary	necessary	ADJ
cjfa-3241	168	6	to	to	PART
cjfa-3241	168	7	apply	apply	VERB
cjfa-3241	168	8	them	they	PRON
cjfa-3241	168	9	for	for	ADP
cjfa-3241	168	10	the	the	DET
cjfa-3241	168	11	needs	need	NOUN
cjfa-3241	168	12	of	of	ADP
cjfa-3241	168	13	security	security	NOUN
cjfa-3241	168	14	with	with	ADP
cjfa-3241	168	15	conscious	conscious	ADJ
cjfa-3241	168	16	,	,	PUNCT
cjfa-3241	168	17	responsibility	responsibility	NOUN
cjfa-3241	168	18	and	and	CCONJ
cjfa-3241	168	19	knowledge	knowledge	NOUN
cjfa-3241	168	20	.	.	PUNCT
cjfa-3241	169	1	companies	company	NOUN
cjfa-3241	169	2	should	should	AUX
cjfa-3241	169	3	not	not	PART
cjfa-3241	169	4	engage	engage	VERB
cjfa-3241	169	5	those	those	DET
cjfa-3241	169	6	tools	tool	NOUN
cjfa-3241	169	7	for	for	ADP
cjfa-3241	169	8	speculative	speculative	ADJ
cjfa-3241	169	9	purposes	purpose	NOUN
cjfa-3241	169	10	.	.	PUNCT
cjfa-3241	169	11	 	 	SPACE
cjfa-3241	170	1	bibliography	bibliography	NOUN
cjfa-3241	170	2	dębski	dębski	VERB
cjfa-3241	170	3	w.	w.	PROPN
cjfa-3241	170	4	(	(	PUNCT
cjfa-3241	170	5	2007	2007	NUM
cjfa-3241	170	6	)	)	PUNCT
cjfa-3241	170	7	,	,	PUNCT
cjfa-3241	170	8	rynek	rynek	VERB
cjfa-3241	170	9	finansowy	finansowy	PROPN
cjfa-3241	170	10	i	i	PROPN
cjfa-3241	170	11	jego	jego	PROPN
cjfa-3241	170	12	mechanizmy	mechanizmy	PROPN
cjfa-3241	170	13	,	,	PUNCT
cjfa-3241	170	14	wn	wn	PROPN
cjfa-3241	170	15	pwn	pwn	PROPN
cjfa-3241	170	16	,	,	PUNCT
cjfa-3241	170	17	warszawa	warszawa	PROPN
cjfa-3241	170	18	.	.	PUNCT
cjfa-3241	171	1	dubisz	dubisz	PROPN
cjfa-3241	171	2	j.	j.	PROPN
cjfa-3241	171	3	,	,	PUNCT
cjfa-3241	171	4	olejniczak	olejniczak	PROPN
cjfa-3241	171	5	z.	z.	PROPN
cjfa-3241	171	6	(	(	PUNCT
cjfa-3241	171	7	2003	2003	NUM
cjfa-3241	171	8	)	)	PUNCT
cjfa-3241	171	9	,	,	PUNCT
cjfa-3241	171	10	rynek	rynek	VERB
cjfa-3241	171	11	finansowy	finansowy	PROPN
cjfa-3241	171	12	.	.	PUNCT
cjfa-3241	172	1	efektywność	efektywność	PROPN
cjfa-3241	172	2	,	,	PUNCT
cjfa-3241	172	3	wycena	wycena	NOUN
cjfa-3241	172	4	,	,	PUNCT
cjfa-3241	172	5	ryzyko	ryzyko	NOUN
cjfa-3241	172	6	,	,	PUNCT
cjfa-3241	172	7	wyd	wyd	PROPN
cjfa-3241	172	8	.	.	PROPN
cjfa-3241	172	9	wyższej	wyższej	PROPN
cjfa-3241	172	10	szkoły	szkoły	NOUN
cjfa-3241	172	11	zarządzania	zarządzania	PROPN
cjfa-3241	173	1	i	i	PRON
cjfa-3241	173	2	marketingu	marketingu	VERB
cjfa-3241	173	3	w	w	PROPN
cjfa-3241	173	4	lesznie	lesznie	PROPN
cjfa-3241	173	5	,	,	PUNCT
cjfa-3241	173	6	leszno	leszno	NOUN
cjfa-3241	173	7	.	.	PUNCT
cjfa-3241	174	1	durbin	durbin	ADJ
cjfa-3241	174	2	m.	m.	NOUN
cjfa-3241	174	3	(	(	PUNCT
cjfa-3241	174	4	2011	2011	NUM
cjfa-3241	174	5	)	)	PUNCT
cjfa-3241	174	6	,	,	PUNCT
cjfa-3241	174	7	all	all	ADV
cjfa-3241	174	8	about	about	ADP
cjfa-3241	174	9	derivatives	derivative	NOUN
cjfa-3241	174	10	,	,	PUNCT
cjfa-3241	174	11	mcgraw	mcgraw	NOUN
cjfa-3241	174	12	-	-	PUNCT
cjfa-3241	174	13	hill	hill	PROPN
cjfa-3241	174	14	,	,	PUNCT
cjfa-3241	174	15	new	new	PROPN
cjfa-3241	174	16	york	york	PROPN
cjfa-3241	174	17	.	.	PUNCT
cjfa-3241	175	1	dziawgo	dziawgo	PROPN
cjfa-3241	175	2	d.	d.	PROPN
cjfa-3241	175	3	(	(	PUNCT
cjfa-3241	175	4	1997	1997	NUM
cjfa-3241	175	5	)	)	PUNCT
cjfa-3241	175	6	,	,	PUNCT
cjfa-3241	175	7	credit	credit	NOUN
cjfa-3241	175	8	-	-	PUNCT
cjfa-3241	175	9	rating	rating	NOUN
cjfa-3241	175	10	.	.	PUNCT
cjfa-3241	176	1	ryzyko	ryzyko	NOUN
cjfa-3241	177	1	i	i	PRON
cjfa-3241	177	2	obligacje	obligacje	VERB
cjfa-3241	177	3	na	na	INTJ
cjfa-3241	177	4	międzynarodowym	międzynarodowym	PROPN
cjfa-3241	177	5	rynku	rynku	ADJ
cjfa-3241	177	6	finansowym	finansowym	PROPN
cjfa-3241	177	7	,	,	PUNCT
cjfa-3241	177	8	wn	wn	PROPN
cjfa-3241	177	9	pwn	pwn	PROPN
cjfa-3241	177	10	,	,	PUNCT
cjfa-3241	177	11	warszawa	warszawa	PROPN
cjfa-3241	177	12	.	.	PUNCT
cjfa-3241	178	1	dziawgo	dziawgo	PROPN
cjfa-3241	178	2	d.	d.	PROPN
cjfa-3241	178	3	(	(	PUNCT
cjfa-3241	178	4	2007	2007	NUM
cjfa-3241	178	5	)	)	PUNCT
cjfa-3241	178	6	,	,	PUNCT
cjfa-3241	178	7	rynek	rynek	NOUN
cjfa-3241	178	8	finansowy	finansowy	ADJ
cjfa-3241	178	9	.	.	PUNCT
cjfa-3241	179	1	istota	istota	PROPN
cjfa-3241	179	2	–	–	PUNCT
cjfa-3241	179	3	instrumenty	instrumenty	X
cjfa-3241	179	4	–	–	PUNCT
cjfa-3241	179	5	funkcjonowanie	funkcjonowanie	PROPN
cjfa-3241	179	6	,	,	PUNCT
cjfa-3241	179	7	skwp	skwp	PROPN
cjfa-3241	179	8	,	,	PUNCT
cjfa-3241	179	9	warszawa	warszawa	PROPN
cjfa-3241	179	10	.	.	PUNCT
cjfa-3241	180	1	dziawgo	dziawgo	PROPN
cjfa-3241	180	2	d.	d.	PROPN
cjfa-3241	180	3	(	(	PUNCT
cjfa-3241	180	4	2010	2010	NUM
cjfa-3241	180	5	)	)	PUNCT
cjfa-3241	180	6	,	,	PUNCT
cjfa-3241	180	7	credit	credit	NOUN
cjfa-3241	180	8	-	-	PUNCT
cjfa-3241	180	9	rating	rating	NOUN
cjfa-3241	180	10	na	na	ADP
cjfa-3241	180	11	międzynarodowym	międzynarodowym	PROPN
cjfa-3241	180	12	rynku	rynku	ADJ
cjfa-3241	180	13	finansowym	finansowym	PROPN
cjfa-3241	180	14	,	,	PUNCT
cjfa-3241	180	15	pwe	pwe	PROPN
cjfa-3241	180	16	,	,	PUNCT
cjfa-3241	180	17	warszawa	warszawa	PROPN
cjfa-3241	180	18	.	.	PUNCT
cjfa-3241	180	19	fabozzi	fabozzi	PROPN
cjfa-3241	180	20	f.	f.	PROPN
cjfa-3241	180	21	j.	j.	PROPN
cjfa-3241	180	22	,	,	PUNCT
cjfa-3241	180	23	drake	drake	PROPN
cjfa-3241	181	1	p.	p.	PROPN
cjfa-3241	181	2	p.	p.	NOUN
cjfa-3241	181	3	(	(	PUNCT
cjfa-3241	181	4	2010	2010	NUM
cjfa-3241	181	5	)	)	PUNCT
cjfa-3241	181	6	,	,	PUNCT
cjfa-3241	181	7	the	the	DET
cjfa-3241	181	8	basics	basic	NOUN
cjfa-3241	181	9	of	of	ADP
cjfa-3241	181	10	finance	finance	NOUN
cjfa-3241	181	11	.	.	PUNCT
cjfa-3241	182	1	an	an	DET
cjfa-3241	182	2	introduction	introduction	NOUN
cjfa-3241	182	3	to	to	ADP
cjfa-3241	182	4	financial	financial	ADJ
cjfa-3241	182	5	markets	market	NOUN
cjfa-3241	182	6	,	,	PUNCT
cjfa-3241	182	7	business	business	NOUN
cjfa-3241	182	8	finance	finance	NOUN
cjfa-3241	182	9	,	,	PUNCT
cjfa-3241	182	10	and	and	CCONJ
cjfa-3241	182	11	portfolio	portfolio	NOUN
cjfa-3241	182	12	management	management	NOUN
cjfa-3241	182	13	,	,	PUNCT
cjfa-3241	182	14	john	john	PROPN
cjfa-3241	182	15	wiley	wiley	PROPN
cjfa-3241	182	16	&	&	CCONJ
cjfa-3241	182	17	sons	sons	PROPN
cjfa-3241	182	18	,	,	PUNCT
cjfa-3241	182	19	hoboken	hoboken	PROPN
cjfa-3241	182	20	.	.	PUNCT
cjfa-3241	183	1	głuchowski	głuchowski	PROPN
cjfa-3241	183	2	j.	j.	PROPN
cjfa-3241	183	3	,	,	PUNCT
cjfa-3241	183	4	huterski	huterski	PROPN
cjfa-3241	183	5	r.	r.	PROPN
cjfa-3241	183	6	,	,	PUNCT
cjfa-3241	183	7	jaaskelainen	jaaskelainen	PROPN
cjfa-3241	183	8	v.	v.	PROPN
cjfa-3241	183	9	,	,	PUNCT
cjfa-3241	183	10	nielsen	nielsen	PROPN
cjfa-3241	183	11	a.	a.	PROPN
cjfa-3241	183	12	p.	p.	PROPN
cjfa-3241	183	13	(	(	PUNCT
cjfa-3241	183	14	2001	2001	NUM
cjfa-3241	183	15	)	)	PUNCT
cjfa-3241	183	16	,	,	PUNCT
cjfa-3241	183	17	zarządzanie	zarządzanie	PROPN
cjfa-3241	183	18	finansami	finansami	PROPN
cjfa-3241	183	19	w	w	PROPN
cjfa-3241	183	20	korporacjach	korporacjach	PROPN
cjfa-3241	183	21	międzynarodowych	międzynarodowych	PROPN
cjfa-3241	183	22	,	,	PUNCT
cjfa-3241	183	23	wyd	wyd	PROPN
cjfa-3241	183	24	.	.	PROPN
cjfa-3241	183	25	uniwersytetu	uniwersytetu	PROPN
cjfa-3241	183	26	mikołaja	mikołaja	PROPN
cjfa-3241	183	27	kopernika	kopernika	NOUN
cjfa-3241	183	28	,	,	PUNCT
cjfa-3241	183	29	toruń	toruń	NOUN
cjfa-3241	183	30	.	.	PUNCT
cjfa-3241	184	1	hull	hull	NOUN
cjfa-3241	184	2	j.	j.	PROPN
cjfa-3241	184	3	(	(	PUNCT
cjfa-3241	184	4	2009	2009	NUM
cjfa-3241	184	5	)	)	PUNCT
cjfa-3241	184	6	,	,	PUNCT
cjfa-3241	184	7	options	option	NOUN
cjfa-3241	184	8	,	,	PUNCT
cjfa-3241	184	9	futures	future	NOUN
cjfa-3241	184	10	and	and	CCONJ
cjfa-3241	184	11	other	other	ADJ
cjfa-3241	184	12	derivatives	derivative	NOUN
cjfa-3241	184	13	,	,	PUNCT
cjfa-3241	184	14	pearson	pearson	PROPN
cjfa-3241	184	15	education	education	PROPN
cjfa-3241	184	16	inc	inc	PROPN
cjfa-3241	184	17	,	,	PUNCT
cjfa-3241	184	18	new	new	PROPN
cjfa-3241	184	19	jersey	jersey	PROPN
cjfa-3241	184	20	.	.	PUNCT
cjfa-3241	185	1	jednostkowe	jednostkowe	PROPN
cjfa-3241	185	2	sprawozdanie	sprawozdanie	PROPN
cjfa-3241	185	3	finansowe	finansowe	PROPN
cjfa-3241	185	4	kghm	kghm	PROPN
cjfa-3241	185	5	polska	polska	PROPN
cjfa-3241	185	6	miedź	miedź	PROPN
cjfa-3241	185	7	sa	sa	PROPN
cjfa-3241	186	1	za	za	PROPN
cjfa-3241	186	2	2012	2012	NUM
cjfa-3241	186	3	r.	r.	PROPN
cjfa-3241	186	4	jednostkowe	jednostkowe	PROPN
cjfa-3241	186	5	sprawozdanie	sprawozdanie	PROPN
cjfa-3241	186	6	finansowe	finansowe	PROPN
cjfa-3241	186	7	pgnig	pgnig	PROPN
cjfa-3241	186	8	sa	sa	PROPN
cjfa-3241	186	9	za	za	PROPN
cjfa-3241	186	10	2012	2012	NUM
cjfa-3241	186	11	r.	r.	NOUN
cjfa-3241	186	12	derivatives	derivative	NOUN
cjfa-3241	186	13	as	as	ADP
cjfa-3241	186	14	security	security	NOUN
cjfa-3241	186	15	against	against	ADP
cjfa-3241	186	16	market	market	NOUN
cjfa-3241	186	17	risk	risk	NOUN
cjfa-3241	186	18	on	on	ADP
cjfa-3241	186	19	the	the	DET
cjfa-3241	186	20	example	example	NOUN
cjfa-3241	186	21	165	165	NUM
cjfa-3241	186	22	levinson	levinson	PROPN
cjfa-3241	186	23	m.	m.	NOUN
cjfa-3241	186	24	(	(	PUNCT
cjfa-3241	186	25	2006	2006	NUM
cjfa-3241	186	26	)	)	PUNCT
cjfa-3241	186	27	,	,	PUNCT
cjfa-3241	186	28	guide	guide	VERB
cjfa-3241	186	29	to	to	ADP
cjfa-3241	186	30	financial	financial	ADJ
cjfa-3241	186	31	markets	market	NOUN
cjfa-3241	186	32	,	,	PUNCT
cjfa-3241	186	33	the	the	DET
cjfa-3241	186	34	economist	economist	NOUN
cjfa-3241	186	35	in	in	ADP
cjfa-3241	186	36	association	association	NOUN
cjfa-3241	186	37	with	with	ADP
cjfa-3241	186	38	profile	profile	NOUN
cjfa-3241	186	39	books	book	NOUN
cjfa-3241	186	40	,	,	PUNCT
cjfa-3241	186	41	london	london	PROPN
cjfa-3241	186	42	.	.	PUNCT
cjfa-3241	187	1	lista	lista	PROPN
cjfa-3241	187	2	500	500	NUM
cjfa-3241	187	3	polityki	polityki	NOUN
cjfa-3241	187	4	(	(	PUNCT
cjfa-3241	187	5	2012	2012	NUM
cjfa-3241	187	6	)	)	PUNCT
cjfa-3241	187	7	,	,	PUNCT
cjfa-3241	187	8	http://www.lista500.polityka.pl/rankings/show	http://www.lista500.polityka.pl/rankings/show	PROPN
cjfa-3241	187	9	(	(	PUNCT
cjfa-3241	187	10	access	access	NOUN
cjfa-3241	187	11	:	:	PUNCT
cjfa-3241	187	12	28.11.2013	28.11.2013	NUM
cjfa-3241	187	13	r.	r.	NOUN
cjfa-3241	187	14	)	)	PUNCT
cjfa-3241	187	15	.	.	PUNCT
cjfa-3241	188	1	masztalerz	masztalerz	PROPN
cjfa-3241	188	2	m.	m.	NOUN
cjfa-3241	188	3	(	(	PUNCT
cjfa-3241	188	4	2006	2006	NUM
cjfa-3241	188	5	)	)	PUNCT
cjfa-3241	188	6	,	,	PUNCT
cjfa-3241	188	7	ewidencja	ewidencja	VERB
cjfa-3241	188	8	i	i	PRON
cjfa-3241	188	9	wycena	wycena	VERB
cjfa-3241	188	10	bilansowa	bilansowa	NOUN
cjfa-3241	188	11	instrumentów	instrumentów	ADJ
cjfa-3241	188	12	finansowych	finansowych	NOUN
cjfa-3241	188	13	,	,	PUNCT
cjfa-3241	188	14	„	„	PUNCT
cjfa-3241	188	15	prawo	prawo	PROPN
cjfa-3241	188	16	przedsiębiorcy	przedsiębiorcy	PROPN
cjfa-3241	188	17	”	"	PUNCT
cjfa-3241	188	18	,	,	PUNCT
cjfa-3241	188	19	36	36	NUM
cjfa-3241	188	20	(	(	PUNCT
cjfa-3241	188	21	712	712	NUM
cjfa-3241	188	22	)	)	PUNCT
cjfa-3241	188	23	.	.	PUNCT
cjfa-3241	189	1	mishkin	mishkin	PROPN
cjfa-3241	189	2	f.	f.	PROPN
cjfa-3241	189	3	s.	s.	PROPN
cjfa-3241	189	4	(	(	PUNCT
cjfa-3241	189	5	2004	2004	NUM
cjfa-3241	189	6	)	)	PUNCT
cjfa-3241	189	7	,	,	PUNCT
cjfa-3241	189	8	the	the	DET
cjfa-3241	189	9	economics	economic	NOUN
cjfa-3241	189	10	of	of	ADP
cjfa-3241	189	11	money	money	NOUN
cjfa-3241	189	12	,	,	PUNCT
cjfa-3241	189	13	banking	banking	NOUN
cjfa-3241	189	14	and	and	CCONJ
cjfa-3241	189	15	financial	financial	ADJ
cjfa-3241	189	16	markets	market	NOUN
cjfa-3241	189	17	,	,	PUNCT
cjfa-3241	189	18	pearson	pearson	PROPN
cjfa-3241	189	19	addison	addison	PROPN
cjfa-3241	189	20	wesley	wesley	PROPN
cjfa-3241	189	21	,	,	PUNCT
cjfa-3241	189	22	new	new	PROPN
cjfa-3241	189	23	york	york	PROPN
cjfa-3241	189	24	.	.	PUNCT
cjfa-3241	190	1	nieborak	nieborak	PROPN
cjfa-3241	190	2	t.	t.	PROPN
cjfa-3241	190	3	(	(	PUNCT
cjfa-3241	190	4	2004	2004	NUM
cjfa-3241	190	5	)	)	PUNCT
cjfa-3241	190	6	,	,	PUNCT
cjfa-3241	190	7	pochodne	pochodne	PROPN
cjfa-3241	190	8	instrumenty	instrumenty	PROPN
cjfa-3241	190	9	finansowe	finansowe	PROPN
cjfa-3241	190	10	,	,	PUNCT
cjfa-3241	190	11	wyd	wyd	PROPN
cjfa-3241	190	12	.	.	PROPN
cjfa-3241	190	13	difin	difin	PROPN
cjfa-3241	190	14	,	,	PUNCT
cjfa-3241	190	15	warszawa	warszawa	PROPN
cjfa-3241	190	16	.	.	PUNCT
cjfa-3241	191	1	nowaczyk	nowaczyk	PROPN
cjfa-3241	191	2	t.	t.	PROPN
cjfa-3241	191	3	(	(	PUNCT
cjfa-3241	191	4	2006	2006	NUM
cjfa-3241	191	5	)	)	PUNCT
cjfa-3241	191	6	,	,	PUNCT
cjfa-3241	191	7	hybrydowe	hybrydowe	PROPN
cjfa-3241	191	8	instrumenty	instrumenty	PROPN
cjfa-3241	191	9	finansowe	finansowe	PROPN
cjfa-3241	191	10	jako	jako	PROPN
cjfa-3241	191	11	narzędzie	narzędzie	PROPN
cjfa-3241	191	12	zarządzania	zarządzania	PROPN
cjfa-3241	191	13	ryzykiem	ryzykiem	PROPN
cjfa-3241	191	14	w	w	PROPN
cjfa-3241	191	15	przedsiębiorstwie	przedsiębiorstwie	PROPN
cjfa-3241	191	16	,	,	PUNCT
cjfa-3241	191	17	[	[	X
cjfa-3241	191	18	w	w	NOUN
cjfa-3241	191	19	:]	:]	ADJ
cjfa-3241	191	20	finanse	finanse	NOUN
cjfa-3241	191	21	przedsiębiorstwa	przedsiębiorstwa	NOUN
cjfa-3241	191	22	,	,	PUNCT
cjfa-3241	191	23	p.	p.	NOUN
cjfa-3241	191	24	kapuś	kapuś	PROPN
cjfa-3241	192	1	(	(	PUNCT
cjfa-3241	192	2	red	red	PROPN
cjfa-3241	192	3	.	.	PROPN
cjfa-3241	192	4	)	)	PUNCT
cjfa-3241	192	5	,	,	PUNCT
cjfa-3241	192	6	wyd	wyd	PROPN
cjfa-3241	192	7	.	.	PROPN
cjfa-3241	192	8	uniwersytetu	uniwersytetu	PROPN
cjfa-3241	192	9	marii	marii	PROPN
cjfa-3241	192	10	curie	curie	PROPN
cjfa-3241	192	11	-	-	PUNCT
cjfa-3241	192	12	skłodowskiej	skłodowskiej	PROPN
cjfa-3241	192	13	,	,	PUNCT
cjfa-3241	192	14	lublin	lublin	PROPN
cjfa-3241	192	15	.	.	PUNCT
cjfa-3241	193	1	parameswaran	parameswaran	PROPN
cjfa-3241	193	2	s.	s.	PROPN
cjfa-3241	193	3	(	(	PUNCT
cjfa-3241	193	4	2011	2011	NUM
cjfa-3241	193	5	)	)	PUNCT
cjfa-3241	193	6	,	,	PUNCT
cjfa-3241	193	7	fundamentals	fundamental	NOUN
cjfa-3241	193	8	of	of	ADP
cjfa-3241	193	9	financial	financial	ADJ
cjfa-3241	193	10	instruments	instrument	NOUN
cjfa-3241	193	11	.	.	PUNCT
cjfa-3241	194	1	an	an	DET
cjfa-3241	194	2	introduction	introduction	NOUN
cjfa-3241	194	3	to	to	ADP
cjfa-3241	194	4	stocks	stock	NOUN
cjfa-3241	194	5	,	,	PUNCT
cjfa-3241	194	6	bonds	bond	NOUN
cjfa-3241	194	7	,	,	PUNCT
cjfa-3241	194	8	foreign	foreign	ADJ
cjfa-3241	194	9	exchange	exchange	NOUN
cjfa-3241	194	10	,	,	PUNCT
cjfa-3241	194	11	and	and	CCONJ
cjfa-3241	194	12	derivatives	derivative	NOUN
cjfa-3241	194	13	,	,	PUNCT
cjfa-3241	194	14	john	john	PROPN
cjfa-3241	194	15	wiley	wiley	PROPN
cjfa-3241	194	16	&	&	CCONJ
cjfa-3241	194	17	sons	sons	PROPN
cjfa-3241	194	18	,	,	PUNCT
cjfa-3241	194	19	hoboken	hoboken	PROPN
cjfa-3241	194	20	.	.	PUNCT
cjfa-3241	195	1	pastusiak	pastusiak	PROPN
cjfa-3241	195	2	r.	r.	PROPN
cjfa-3241	195	3	(	(	PUNCT
cjfa-3241	195	4	2010	2010	NUM
cjfa-3241	195	5	)	)	PUNCT
cjfa-3241	195	6	,	,	PUNCT
cjfa-3241	195	7	przedsiębiorstwo	przedsiębiorstwo	NOUN
cjfa-3241	195	8	na	na	ADP
cjfa-3241	195	9	rynku	rynku	ADJ
cjfa-3241	195	10	kapitałowym	kapitałowym	PROPN
cjfa-3241	195	11	,	,	PUNCT
cjfa-3241	195	12	wyd	wyd	PROPN
cjfa-3241	195	13	.	.	PROPN
cjfa-3241	195	14	cedewu	cedewu	PROPN
cjfa-3241	195	15	,	,	PUNCT
cjfa-3241	195	16	warszawa	warszawa	PROPN
cjfa-3241	195	17	.	.	PUNCT
cjfa-3241	196	1	strategia	strategia	PROPN
cjfa-3241	196	2	korytarz	korytarz	PROPN
cjfa-3241	196	3	dla	dla	PROPN
cjfa-3241	196	4	eksportera	eksportera	PROPN
cjfa-3241	196	5	(	(	PUNCT
cjfa-3241	196	6	2013	2013	NUM
cjfa-3241	196	7	)	)	PUNCT
cjfa-3241	196	8	,	,	PUNCT
cjfa-3241	196	9	http://www.bzwbk.pl/przedsiebiorstwa-i-korporacje/produkty-skarbu/zarzadzanie-ryzykiem-walutowym/strategie-opcyjne/korytarz-eksporter/strategia-korytarz-dla-eksportera.html	http://www.bzwbk.pl/przedsiebiorstwa-i-korporacje/produkty-skarbu/zarzadzanie-ryzykiem-walutowym/strategie-opcyjne/korytarz-eksporter/strategia-korytarz-dla-eksportera.html	PROPN
cjfa-3241	196	10	(	(	PUNCT
cjfa-3241	196	11	access	access	NOUN
cjfa-3241	196	12	:	:	PUNCT
cjfa-3241	196	13	30.11.2013	30.11.2013	NUM
cjfa-3241	196	14	r.	r.	NOUN
cjfa-3241	196	15	)	)	PUNCT
cjfa-3241	196	16	.	.	PUNCT
cjfa-3241	197	1	strategia	strategia	PROPN
cjfa-3241	197	2	mewa	mewa	PROPN
cjfa-3241	197	3	dla	dla	PROPN
cjfa-3241	197	4	eksportera	eksportera	PROPN
cjfa-3241	197	5	(	(	PUNCT
cjfa-3241	197	6	2013	2013	NUM
cjfa-3241	197	7	)	)	PUNCT
cjfa-3241	197	8	,	,	PUNCT
cjfa-3241	197	9	http://www.bzwbk.pl/przedsiebiorstwa-i-korporacje/produkty-skarbu/zarzadzanie-ryzykiem-walutowym/strategie-opcyjne/	http://www.bzwbk.pl/przedsiebiorstwa-i-korporacje/produkty-skarbu/zarzadzanie-ryzykiem-walutowym/strategie-opcyjne/	NOUN
cjfa-3241	197	10	mewa	mewa	ADJ
cjfa-3241	197	11	-	-	PUNCT
cjfa-3241	197	12	eksporter	eksporter	NOUN
cjfa-3241	197	13	/	/	SYM
cjfa-3241	197	14	strategia	strategia	ADJ
cjfa-3241	197	15	-	-	PUNCT
cjfa-3241	197	16	mewa	mewa	ADJ
cjfa-3241	197	17	-	-	PUNCT
cjfa-3241	197	18	dla	dla	NOUN
cjfa-3241	197	19	-	-	PUNCT
cjfa-3241	197	20	eksportera.html	eksportera.html	PROPN
cjfa-3241	197	21	(	(	PUNCT
cjfa-3241	197	22	access	access	NOUN
cjfa-3241	197	23	:	:	PUNCT
cjfa-3241	197	24	30.11.2013	30.11.2013	NUM
cjfa-3241	197	25	r.	r.	NOUN
cjfa-3241	197	26	)	)	PUNCT
cjfa-3241	197	27	.	.	PUNCT
cjfa-3241	198	1	tarczyński	tarczyński	PROPN
cjfa-3241	198	2	w.	w.	PROPN
cjfa-3241	198	3	(	(	PUNCT
cjfa-3241	198	4	2003	2003	NUM
cjfa-3241	198	5	)	)	PUNCT
cjfa-3241	198	6	,	,	PUNCT
cjfa-3241	198	7	instrumenty	instrumenty	PROPN
cjfa-3241	198	8	pochodne	pochodne	VERB
cjfa-3241	198	9	na	na	ADP
cjfa-3241	198	10	rynku	rynku	ADJ
cjfa-3241	198	11	kapitałowym	kapitałowym	PROPN
cjfa-3241	198	12	,	,	PUNCT
cjfa-3241	198	13	pwe	pwe	PROPN
cjfa-3241	198	14	,	,	PUNCT
cjfa-3241	198	15	warszawa	warszawa	PROPN
cjfa-3241	198	16	.	.	PUNCT
cjfa-3241	199	1	veale	veale	PROPN
cjfa-3241	199	2	r.	r.	PROPN
cjfa-3241	199	3	s.	s.	PROPN
cjfa-3241	199	4	(	(	PUNCT
cjfa-3241	199	5	2001	2001	NUM
cjfa-3241	199	6	)	)	PUNCT
cjfa-3241	199	7	,	,	PUNCT
cjfa-3241	199	8	stocks	stock	NOUN
cjfa-3241	199	9	,	,	PUNCT
cjfa-3241	199	10	bonds	bond	NOUN
cjfa-3241	199	11	,	,	PUNCT
cjfa-3241	199	12	options	option	NOUN
cjfa-3241	199	13	,	,	PUNCT
cjfa-3241	199	14	futures	future	NOUN
cjfa-3241	199	15	,	,	PUNCT
cjfa-3241	199	16	new	new	PROPN
cjfa-3241	199	17	york	york	PROPN
cjfa-3241	199	18	institute	institute	PROPN
cjfa-3241	199	19	of	of	ADP
cjfa-3241	199	20	finance	finance	PROPN
cjfa-3241	199	21	,	,	PUNCT
cjfa-3241	199	22	new	new	PROPN
cjfa-3241	199	23	york	york	PROPN
cjfa-3241	199	24	.	.	PUNCT
cjfa-3241	200	1	wachowiak	wachowiak	PROPN
cjfa-3241	200	2	p.	p.	PROPN
cjfa-3241	200	3	(	(	PUNCT
cjfa-3241	200	4	2006	2006	NUM
cjfa-3241	200	5	)	)	PUNCT
cjfa-3241	200	6	,	,	PUNCT
cjfa-3241	200	7	proces	proces	PROPN
cjfa-3241	200	8	decyzyjny	decyzyjny	NOUN
cjfa-3241	200	9	,	,	PUNCT
cjfa-3241	200	10	[	[	X
cjfa-3241	200	11	w	w	NOUN
cjfa-3241	200	12	:]	:]	PROPN
cjfa-3241	200	13	funkcjonowanie	funkcjonowanie	PROPN
cjfa-3241	200	14	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-3241	200	15	w	w	PROPN
cjfa-3241	200	16	gospodarce	gospodarce	PROPN
cjfa-3241	200	17	rynkowej	rynkowej	NOUN
cjfa-3241	200	18	,	,	PUNCT
cjfa-3241	200	19	p.	p.	NOUN
cjfa-3241	200	20	wachowiak	wachowiak	NOUN
cjfa-3241	200	21	(	(	PUNCT
cjfa-3241	200	22	red	red	PROPN
cjfa-3241	200	23	.	.	PROPN
cjfa-3241	200	24	)	)	PUNCT
cjfa-3241	200	25	,	,	PUNCT
cjfa-3241	200	26	skwp	skwp	PROPN
cjfa-3241	200	27	,	,	PUNCT
cjfa-3241	200	28	warszawa	warszawa	PROPN
cjfa-3241	200	29	.	.	PUNCT
cjfa-3241	201	1	walmsley	walmsley	PROPN
cjfa-3241	201	2	j.	j.	PROPN
cjfa-3241	201	3	(	(	PUNCT
cjfa-3241	201	4	1998	1998	NUM
cjfa-3241	201	5	)	)	PUNCT
cjfa-3241	201	6	,	,	PUNCT
cjfa-3241	201	7	new	new	ADJ
cjfa-3241	201	8	financial	financial	ADJ
cjfa-3241	201	9	instruments	instrument	NOUN
cjfa-3241	201	10	,	,	PUNCT
cjfa-3241	201	11	john	john	PROPN
cjfa-3241	201	12	wiley	wiley	PROPN
cjfa-3241	201	13	&	&	CCONJ
cjfa-3241	201	14	sons	sons	PROPN
cjfa-3241	201	15	,	,	PUNCT
cjfa-3241	201	16	inc	inc	PROPN
cjfa-3241	201	17	.	.	PROPN
cjfa-3241	201	18	,	,	PUNCT
cjfa-3241	201	19	usa	usa	PROPN
cjfa-3241	201	20	.	.	PROPN
cjfa-3241	201	21	żebruń	żebruń	PROPN
cjfa-3241	201	22	a.	a.	NOUN
cjfa-3241	201	23	(	(	PUNCT
cjfa-3241	201	24	2010	2010	NUM
cjfa-3241	201	25	)	)	PUNCT
cjfa-3241	201	26	,	,	PUNCT
cjfa-3241	201	27	instrumenty	instrumenty	PROPN
cjfa-3241	201	28	pochodne	pochodne	VERB
cjfa-3241	201	29	zabezpieczające	zabezpieczające	PROPN
cjfa-3241	201	30	w	w	PROPN
cjfa-3241	201	31	rachunkowości	rachunkowości	PROPN
cjfa-3241	201	32	,	,	PUNCT
cjfa-3241	201	33	wyd	wyd	PROPN
cjfa-3241	201	34	.	.	PROPN
cjfa-3241	201	35	difin	difin	PROPN
cjfa-3241	201	36	,	,	PUNCT
cjfa-3241	201	37	warszawa	warszawa	PROPN
cjfa-3241	201	38	.	.	PUNCT