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Wertpapierleihe und Wertpapierpensionsgeschäft. Ein betriebswirtschaftlicher Vergleich

Wertpapierleihe und Wertpapierpensionsgeschäft. Ein betriebswirtschaftlicher Vergleich

          
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About the Book

Studienarbeit aus dem Jahr 2000 im Fachbereich BWL - Investition und Finanzierung, Note: bestanden, Fachhochschule Bonn-Rhein-Sieg in Sankt Augustin (Fachbereich Wirtschaft), Sprache: Deutsch, Abstract: Im Rahmen der Hausarbeit wird ein betriebswirtschaftlichen Vergleich zwischen Wertpapierleihe und Wertpapierpensionsgeschäft erarbeitet. Diese beiden Geschäftsarten haben für den Finanzmarkt essentielle Bedeutung, wie die Entwicklung des letzten Jahrzehnts verdeutlicht. Die Wertpapierleihe wurde 1990 in Deutschland etabliert. Von diesem Zeitpunkt an ist das Volumen der Wertpapierleihgeschäfte sprunghaft angestiegen. Die Entwicklung resultiert aus zahlreichen regulativen, rechtlichen sowie aufsichtsrechtlichen Erleichterungen. Folglich ist die Wertpapierleihe aus der Reihe der Finanzmarktinstrumente nicht mehr wegzudenken.1 Wertpapierpensionsgeschäfte existieren seit längerer Zeit in Deutschland. Bis Ende des Jahres 1998 wurden sie hauptsächlich von der Bundesbank angeboten, um den Banken Liquidität in Form von Zentralbankgeld zur Verfügung zu stellen. Außerdem dienten sie dazu, Signale bezüglich des geldpolitischen Kurses zu setzen. Seit Beginn der Europäischen Wirtschafts- und Währungsunion am 01.01.1999 wird die Bankenliquidität im Rahmen von Offenmarktgeschäften gesteuert. Es werden befristete Transaktionen angeboten, deren Abwicklung als Pensionsgeschäfte oder Pfandkredite möglich ist. Den nationalen Zentralbanken ist es freigestellt, welche Form der befristeten Transaktionen sie anwenden. Die Deutsche Bundesbank hat sich gegen die Pensionsgeschäfte und für die Pfandkredite entschieden. Im Gegenzug haben Pensionsgeschäfte zwischen Geschäftsbanken sowie zwischen Banken und Nichtbanken an Bedeutung gewonnen.2Aus diesem Grund wird die Hausarbeit auf die Pensionsgeschäfte zwischen diesen Beteiligten beschränkt. Im folgenden Kapitel werden Begriff und Bedeutung der Wertpapierleihe und des Wertpapierpensionsgeschäfts erläutert. In diesem Zusammenhang erfolgt eine B


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Product Details
  • ISBN-13: 9783656459392
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 2 mm
  • Width: 148 mm
  • ISBN-10: 3656459398
  • Publisher Date: 11 Aug 2013
  • Height: 210 mm
  • No of Pages: 30
  • Series Title: German
  • Weight: 50 gr


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