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CM-Equity AG General Information and Risk Disclosure for
CM-Equity AG General Information and Risk Disclosure for

... (incl. half of the spread) will be billed. In order to protect the CFD trade from high losses, the stop price is fixed 20 points from the execution, i. e. at 7,220 (7,200 + 20 points). Should the price move contrary to the trader's expectation, i. e. the price increases, and reach a level of 7,220 p ...
Corporate Hedging for Foreign Exchange Risk in India
Corporate Hedging for Foreign Exchange Risk in India

... hedging techniques are speculative or do not fall in their area of expertise and hence do not venture into hedging practices. Other firms are unaware of being exposed to foreign exchange risks. There are a set of firms who only hedge some of their risks, while others are aware of the various risks t ...
AN EVENING AN EVENING - An Evening With The Experts
AN EVENING AN EVENING - An Evening With The Experts

Portfolio Theory - University of Toronto
Portfolio Theory - University of Toronto

... Prior to Markowitz's work, investors focused on assessing the risks and rewards of individual securities in constructing their portfolios. Standard investment advice was to identify those securities that offered the best opportunities for gain with the least risk and then construct a portfolio from ...
Carbon Finance, Does it work?
Carbon Finance, Does it work?

...  World Ecological Forum Visby July 2010 ...
Annual Equity-Based Insurance Guarantees Conference
Annual Equity-Based Insurance Guarantees Conference

Sharing Risk and Revenues from PPPs
Sharing Risk and Revenues from PPPs

... contract’s end date can be modified such that the concessionaire can reach an agreed level of cumulative revenue or specified return on investment, which again limits the downside for the concessionaire. Once the revenue/return target has been met, the contract can either be terminated or revenues c ...
departamento de economia puc-rio texto para discussão n . 407
departamento de economia puc-rio texto para discussão n . 407

... profound effects on the real economy. Interestingly enough, the perception of the need for the default, and therefore the assessment of the likelihood of a forced rescheduling of the domestic debt, has differed along the lines of national and foreign macroeconomic analysts, with few exceptions.4 Bei ...
Risk Management Terms - Society of Actuaries
Risk Management Terms - Society of Actuaries

... important risk terms. The results offer insight into relevant similarities and differences in risk perception by individuals. We supplemented our survey results with an analysis of firm-level information on significant risks as reported in 10-K financial statements. In this paper, we detail our find ...
The effects of government debt market financialization
The effects of government debt market financialization

... financial systems in contemporary societies. It is understood here as a profit growth strategy developed by financial corporations from the 1970’s onwards in the core capitalist economies. This strategy drives and is driven by complex changing processes such as deregulation, globalization and financ ...
Sovereign Risk: Global and Local Factors
Sovereign Risk: Global and Local Factors

5. Be circumspect about defining debt for cost of capital
5. Be circumspect about defining debt for cost of capital

... It  is  true  that  op?ons  can  increase  the  number  of  shares   outstanding  but  dilu?on  per  se  is  not  the  problem.     Op?ons  affect  equity  value  at  exercise  because   Shares  are  issued  at  below  the  prevailin ...
vtg ag quarterly statement q1/2016
vtg ag quarterly statement q1/2016

Capacity market design policies - E
Capacity market design policies - E

... Capacity markets crowd out investments in neighbouring countries, potential negative impact on security of supply  Capacity markets should not be introduced too quickly  Europe is highly interconnected and cannot rely on models from other parts of the world ...
Tilburg University The impact of Taxation on Bank
Tilburg University The impact of Taxation on Bank

... asset risk as an exogenous variable,1 and little or no attention is paid to the simultaneous determination of asset risk and leverage. Our paper extends this literature by treating both leverage and risk as endogenous variables. Furthermore, we include a much richer set of control variables than the ...
Measurement of financial assets General
Measurement of financial assets General

... instruments (financial assets and financial liabilities) are measured and reported (treatment of fair value changes) differently after initial recognition Fair value option: a company has the option to designate a qualified financial instrument on initial recognition as one to be measured at fair va ...
Fair Value: Fact or Opinion
Fair Value: Fact or Opinion

... If life were simple, the value of an asset would be analyzed by looking at how an exactly identical asset - in terms of risk, growth and cash flows - is priced. Identical assets can be found with real assets or even with fixed income assets, but difficult to find with risky assets or businesses. In ...
The Fossil Fuel Transition
The Fossil Fuel Transition

... on its current course, primarily because those consequences suggest the magnitude of the foreseeable mitigation response. From a risk management perspective, companies should consider the financial implications of such a response. Carbon Tracker’s focus is and has always been on the financial implic ...
Information on risk, own funds and capital requirements
Information on risk, own funds and capital requirements

... The above mentioned criteria are taken into consideration in accordance with profile of the performed function, size of the area they manage, scope and character of the tasks performed in this area. Current practices meet requirements of provisions of law.  Article 435.2.c the policy on diversity ...
Atradius NV - Crédito y Caución
Atradius NV - Crédito y Caución

... believe this risk is mitigated by the fact that the vast majority of multi-year policies still have cancelable limits, and many contain break clauses or premium surcharge features that allow the group to either cancel the policy or change pricing and/or policy features if the claims environment dete ...
ch13_IM_1E
ch13_IM_1E

Credit Default Swaps and the synthetic CDO
Credit Default Swaps and the synthetic CDO

... a variable return reflecting trading activity, as credit-linked notes. o The structure design is similar in concept to an entity with 30% capitalisation. As this is collateralised with AAA security, this is effectively Tier 1 capital with 0% risk weighting. o The zero-default expected return is 20.1 ...
The Changing Nature of Financial Intermediation and the Financial
The Changing Nature of Financial Intermediation and the Financial

... then packaged into another pool of mortgages to form MBSs, which are liabilities issued against the mortgage assets. The MBSs might then be owned by an asset-backed security (ABS) issuer who pools and tranches them into another layer of claims, such as collateralized debt obligations. A securities f ...
Adverse Selection and Risk Aversion in Capital Markets
Adverse Selection and Risk Aversion in Capital Markets

... firms can always borrow funds at an interest rate that accurately reflects the degree of risk posed by their investment projects. One major source of capital market imperfection is asymmetric information between outside investors and entrepreneurs. In many instances, entrepreneurs have better inform ...
Ontario P3s - Cost Does Not Equal Value
Ontario P3s - Cost Does Not Equal Value

... these are one reason that jurisdictions started pursuing P3s in the first place. The AG’s report actually praises IO’s strong track record of delivering projects on time and on budget. While few would dispute the anecdotal evidence of traditionally procured projects that went significantly over budg ...
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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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