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Kreditderivate. Instrumente zur Risikosteuerung von Kreditportfolios

Kreditderivate. Instrumente zur Risikosteuerung von Kreditportfolios

          
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About the Book

Bachelorarbeit aus dem Jahr 2013 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 1,3, Leuphana Universität Lüneburg (Institut für Bank-, Finanz- und Rechnungswesen), Sprache: Deutsch, Abstract: "JP Morgan erschüttert die Wall Street" titelte die Financial Times in ihrer Online-Ausgabe vom 11. Mai 2012 und rückte damit den Einsatz von Kreditderivaten erneut in den Blick der Öffentlichkeit. Doch was genau war passiert? Die Londoner Investmentsparte der Bank hatte im Handelsgeschäft mit Kreditderivaten über zwei Milliarden Dollar verloren. Die Ursache für die hohen Verluste lag in dem spekulativen Investment von komplexen Kreditausfallderivaten. Grundsätzlich widersprechen reine Spekulationsgeschäfte jedoch dem eigentlichen Gedanken, Kreditderivate zur Absicherung von Kreditportfolios einzusetzen. Vor dem generellen Hintergrund einer zunehmenden Globalisierung mit einem verstärkten Wettbewerbsdruck und den sich verändernden wirtschaftspolitischen Rahmenbedingungen sind Banken heute einem permanenten Anpassungsprozess unterworfen. Insbesondere die Verluste im Kreditgeschäft, die durch die Turbulenzen auf den Finanzmärkten der letzten Jahre entstanden sind, verlangen von den Banken eine stetige Weiterentwicklung des Kreditrisikomanagements, um auch zukünftig erfolgreich am Markt bestehen zu können. Der Risikosteuerung von Kreditportfolios und dem Einsatz risikooptimierender Finanzprodukte kommt hierbei unter dem Risiko-Rendite-Aspekt eine grundlegende Bedeutung für das Kreditgeschäft zu. In der Vergangenheit war die Risikosteuerung aufgrund der wenigen gegebenen Möglichkeiten, wie z.B. dem Kreditverkauf oder der Kreditversicherung durch eine reine Buy-and-Hold-Strategie geprägt. Dies änderte sich jedoch Mitte der neunziger Jahre mit der Entwicklung der Kreditderivate, wodurch es möglich wurde, Kreditrisiken von der zugrunde liegenden Kreditposition zu isolieren, handelbar zu machen und auf Dritte zu übertragen. Damit boten sich die Kreditderivate unter Beibehalt


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Product Details
  • ISBN-13: 9783656481522
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 5 mm
  • Width: 148 mm
  • ISBN-10: 3656481520
  • Publisher Date: 16 Aug 2013
  • Height: 210 mm
  • No of Pages: 84
  • Series Title: German
  • Weight: 122 gr


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