Izvedeni finančni instrumenti v teoriji in praksi

specialistično delo Organizacija in management delovnih sistemov

Sebastjan Pšeničnik (Author), Aleš Novak (Mentor)

Abstract

Gospodarstvo v evropskem prostoru in Sloveniji spet prehaja v rast, zato smo se v specialističnem delu odločili širši množici predstaviti izvedene finančne instrumente na enostaven in razumljiv način. Podjetja morajo pri svojem poslovanju najprej prepoznati tveganja, katerim so izpostavljena, nato pa razmišljati, kako jih omejiti oziroma zavarovati. Za namene lažje identifikacije različnih tveganj smo povzeli opredelitve domačih in tujih avtorjev. Banke, podjetja ter ostale organizacije se s sodobnim časom digitalizacije spreminjajo, obvladovanje in spremljava tveganj, priložnosti in nevarnosti, ki so jim izpostavljeni, postajajo vse pomembnejše. Načrtovanje bodočih aktivnosti je eden pomembnejših segmentov poslovanja, saj je čas, v katerem podjetje vstopa na trg z določenim finančnim produktom, odvisen od trenutne cene ter časa zapadlosti. V sklopu raziskovalnega dela je predstavljena raziskava, ki jo izvaja Evropska centralna banka ob pomoči bank udeleženk v evroobmočju. Dodana vrednost raziskave je primerjalno presojanje večletne obravnave denarnega trga z izpostavitvijo izvedenih finančnih instrumentov. Raziskava po našem mnenju potrjuje dejstvo, da izvedeni finančni instrumenti ostajajo pomemben segment bančnega sistema tudi po finančni krizi. Banke so se le dodatno zavarovale proti tveganju poravnave in poleg krovne pogodbe ISDA uvedle še pogodbe CSA (Credit Support Annex), ki predstavljajo izmenjavo kritij glede na odprto pozicijo izvedenih finančnih instrumentov. Tržni potencial za banke in podjetja še vedno predstavljajo izvedeni finančni instrumenti; morebiti za zavarovanje oziroma uravnavanje portfelja poslovanja ali za špekulativni namen pridobitve dodatnega zaslužka.

Keywords

izvedeni finančni instrumenti;tveganja;primerjalno presojanje;

Data

Language:	Slovenian
Year of publishing:	2016
Typology:	2.10 - Specialist Thesis
Organization:	UM FOV - Faculty of Organizational Sciences
Publisher:	[S. Pšeničnik]
UDC:	005
COBISS:	7823635
Views:	1876
Downloads:	163
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	English
Secondary title:	Derivatives in Theory and Practice
Secondary abstract:	Economy in Europe and Slovenia is growing again, therefore we decided to present in specialist thesis financial derivatives in a simple and understandable way. Companies must first identify risks to which their operations are exposed and then think about how to reduce risks and protect themselves against risks. For the purpose of easy identification we present risk classifications of domestic and foreign authors. Banks, companies and other organizations are changing with the time of digitalization, therefore management and monitoring of risks, opportunities and threats that they are exposed to are becoming very important. Timing of future activities is one of the more important segments since the moment of entry to the market with specific financial product is dependent on the current price and the time of maturity. In the empirical part of the thesis we are presenting a research carried out by the European Central Bank with the assistance of the banks from Euro area. The added value of the research is a comparative assessment of long-term treatment with emphasis on financial derivatives. By our opinion the study confirms the fact that financial derivatives remain an important segment of the banking system after the financial crisis. Banks only established additional safeguards against the risk of settlement and in addition to ISDA umbrella contract had introduced also CSA (Credit Support Annex), representing an additional coverage to the open position of derivatives. Financial derivatives therefore still make a potential market opportunity for banks and companies, either in insurance function or in function of portfolio management or as a speculative trading for obtaining additional income.
Secondary keywords:	Derivatives;Risk;Benchmark;Research;European Central Bank;
URN:	URN:SI:UM:
Type (COBISS):	Specialist thesis
Thesis comment:	Univ. v Mariboru, Fak. za organizacijo dela
Pages:	55 str.
ID:	9168015