Xem 1-20 trên 127 kết quả Liquidity risk
  • Chapter 21 - Managing liquidity risk on the balance sheet. This chapter provided an in-depth look at the measurement and on-balance-sheet management of liquidity risks. Liquidity risk is a common problem that FI managers face. Welldeveloped policies for holding liquid assets or having access to markets for purchased funds are normally adequate to meet liability withdrawals.

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  • This book grows out of 20 years’ banking research and training of bankers in Europe, the Americas, Africa and Asia. As deregulation and competition are reducing margins around the world, the need for knowledge on Asset and Liability Management, the control of bank’s profit and risks, becomes an absolute necessity for any banker in charge of a profit centre, central bankers in charge of bank supervision, and banks’ auditors, consultants or lawyers.

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  • Risk is the fundamental element that influences financial behavior. In its absence, the financial system necessary for efficient allocations of resources would be vastly simplified. In that world, only a few institutions and financial instruments would be needed, and the practice of finance would require relatively elementary analytical tools. But, of course, in the real world, risk is ubiquitous. Much of the structure of the financial system we see serves the function of the efficient distribution of risk....

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  • Suggests that since investors are risk averse, they will demand a greater premium for securities with longer maturity periods as these are not easily convertible to cash on short notice. A liquidity premium is usually added to the equilibrium interest rate to determine the market rate of securities.

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  • Dynamic Hedging is the definitive source on derivatives risk. It provides a real-world methodology for managing portfolios containing any nonlinear security. It presents risks from the vantage point of the option market maker and arbitrage operator. The only book about derivatives risk written by an experienced trader with theoretical training, it remolds option theory to fit the practitioner's environment.

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  • Risk management is the process whereby the insurer's management takes action to assess and control the impact of past and potential future events that could be detrimental to the insurer. These events can impact both the asset and liability sides of the insurer's balance sheet, and the insurer’s cash flow. Investment risk management addresses investment related events that would cause the insurer’s investment performance to weaken or otherwise adversely affect its financial position. Various investment risks tend to focus on different parts of the investment portfolio.

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  • Tham khảo tài liệu 'liabilities liquidity and cash management balancing financial risks phần 1', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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  • Environmental engineering is the application of science and engineering principles to protect and utilise natural resources, control environmental pollution, improve environmental quality to enable healthy ecosystems and comfortable habitation of humans. It is based on multiple disciplines including geology, hydrology, biology, chemistry, physics, medicine, engineering, management, economics, law, etc.

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  • » Directors’ responsibilities are derived from their general fiduciary duties. The federal securities laws do not impose any specific obligations on fund directors with respect to oversight of risk management; in general, fund directors’ responsibilities are derived from their general fiduciary duties of care and loyalty and are part of their overall responsibility to oversee the management and operation of the fund. » A board’s focus is on the fund’s risks, which also entails understanding the adviser’s risks that may impact the fund.

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  • The mutual fund industry, beset by net redemptions by investors and adverse global and local market conditions, shrank by 1.6% in terms of assets under management during the year FY2011-2012. However, volatile market conditions in the last two years have led to net withdrawals by investors to the tune of 49,406 crore INR in FY 2010-11 and 22,023 crore INR in FY 2011-12, leading to a further drop in AuM, in addition to the drop caused by adverse market movements. The mutual fund industry is primarily debt-oriented with debt funds (including liquid funds) forming 64% of the AuM.

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  • In addition McQueen and Vorkink (2004) are able to reproduce GARCH volatility using a preference-based model with time-varying sensitivity to news. In a related paper, Vanden (2005) develops a model where the representative agent exhibits a utility function with several risk aversion regimes, which in equilibrium leads to volatility regimes and volatility clustering.

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  • The Fund’s exposure to liquidity risk is concentrated in the daily cash redemptions of shares. The Fund primarily invests in securities that are traded in active markets and can be readily disposed. In addition, the Fund retains sufficient cash and cash equivalent positions to maintain liquidity. The Fund may, from time to time, enter into over-the-counter derivative contracts or invest in unlisted securities, which are not traded in an organized market and may be illiquid.

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  • Tham khảo tài liệu 'liabilities liquidity and cash management balancing financial risks phần 2', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

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  • In the case of unexpected inflation, the interpretation of their results is quite intuitive: news on inflation is correlated with news on future earnings prospects and/or required returns. For example, an unexpected rise in inflation may raise the risk of countercyclical monetary policy, which is likely to reduce expected real earnings growth and/or raise investors’ discount rates.

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  • Some affluent investors use municipal bond funds as a source of tax-exempt interest income. Because municipal bond funds tend to have lower before-tax interest yields than those on taxable bonds, this investment is usually appropriate only for people in high tax brackets. Finally, investors may use short-term, high-quality bond funds as an alternative to money market funds.While this strategy can provide higher returns, it does entail the risk that the investor could lose some principal because of fluctuating bond prices....

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  • At the same time there were progressively more skeptical views on the impact of securitization on the financial system stability. Some argue that by making illiquid loans liquid securitization could increase, other things being equal, the risk appetite of banks (Calem and LaCour, 2003; Wagner, 2007; and Brunnermeier and Sannikov, 2009). Risk sharing within the financial sector through securitization can also amplify bank risks also at the systemic risk level (Brunnermeier and Sannikov, 2010).

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  • Diamond and Rajan (2009) argue that securitisation also plays an important role in the transmission of interest rate shocks to the housing market. Securitisation allows banks to share risks by moving them off their balance sheets. This leads to an increase in banks' risk appetite and strengthens the `risk-taking channel' described above. To the extent that banks become more lenient in their lending standards, the 'nancial accelerator' effect may be strengthened as well.

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  • The purpose of this research is to determine the factors that affect the profitability of commercial banks in Vietnam. Beside, the article has given the best solution to managers and investors to decide their business strategy and minimize financial risk.

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  • Sales charges are the commissions that you may have to pay when you buy or sell a fund. If you pay this charge when you buy the fund, it’s called an initial sales charge or front-end load. If you pay it when you sell, it’s called a deferred sales charge or back-end load. Some funds are sold on a “no-load” basis, which means you pay no sales charge when you buy or sell. Comparing sales charge options With initial sales charges, the cost can vary from firm to firm and may be negotiable. Shop around, and remember that every dollar you pay in commission is a...

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  • An investor who has sold stock short in anticipation of a price decline can limit a possible loss by purchasing call options. Remember that shorting stock requires a margin account and margin calls may force you to liquidate your position prematurely. Although a call option may be used to offset a short stock position's upside risk, it does not protect the option holder against additional margin calls or premature liquidation of the short stock position. Assume you sold short 100 shares of XYZ stock at $40 per share.

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