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| | Liquidity risk - Wikipedia, the free encyclopedia |
 | | Liquidity risk becomes particularly important to parties who are about to hold or currently hold an asset, since it affects their ability to trade. | | | Liquidity risk arises from situations in which a party interested in trading an asset cannot do it because nobody in the market wants to trade that asset. | | | In case of a drop of assets price to zero, the market is saying that the asset is worthless. |
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http://en.wikipedia.org/wiki/Liquidity_risk
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| | Market liquidity - Wikipedia, the free encyclopedia |
| | Contingent liquidity risk is the risk associated with finding additional funds or replacing maturing liabilities under potential, future stressed market conditions. | | | In business lingo, merchants often have liquidation sales, in which inventories are sold at discount to raise cash. | | | Tobin tax is precisely that it will discourage speculation on currencies, which will lessen the liquidity of foreign exchange markets, increasing their volatility. |
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http://en.wikipedia.org/wiki/Liquidity
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| | JPMorgan Chase l Annual Report 2000 |
| | Liquidity risk arises in the general funding of the Firm's activities and in the management of its assets. | | | Liquidity risk includes both the risk of being unable to fund JPMorgan Chase’s portfolio of assets at appropriate maturities and rates and the risk of being unable to liquidate a position in a timely manner at a reasonable price. | | | The Firm’s liquidity management process incorporates a regular review of assets deemed less liquid to assess the capacity for disposition under either syndication, sale or securitization scenarios and to compare the expected collateral value that would be assigned to these assets assuming they were pledged to secure short-term borrowing. |
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http://ar.jpmorganchase.com/ar/mda/liquidity.html
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| | Interest - Encyclopedia.WorldSearch |
| | Liquidity risk is the risk that the lender might not be able to liquidate the debt on short notice. | | | Credit risk - the risk of default on the loan due to bankruptcy | | | Other entities (such as governments and companies) will acquire a bond rating if they are active in bond markets. |
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http://encyclopedia.worldsearch.com/interest.htm
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| | Liquidity Risk |
| | Liquidity risk is the risk that the financial institution cannot settle an obligation for full value when it is due (even if it may be able to settle at some unspecified time in the future). | | | Liquidity problems can result in opportunity costs, defaults in other obligations, or costs associated with obtaining the funds from some other source for some period of time. | | | To manage and control liquidity risk, it is important for financial institutions to understand the intraday flows associated with their customers’ activity to gain an understanding of peak funding needs and typical variations. |
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http://www.ffiec.gov/ffiecinfobase/booklets/Wholesale/13.html
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| | Liquidity Risk |
| | For example the stock liquidity approach that is at present used for large banks suffers from the defects that it only applies to sterling, it only accepts a narrow range of assets as stock liquidity assets and it is not the main way large banks actually manage their liquidity risk for internal risk management purposes. | | | Second, it would create new divergences between the way in which liquidity risk was regulated and ways in which it was managed by firms for their own internal purposes, especially for the investment banking sector which typically uses an approach closer to the stock approach. | | | Neither illiquid assets nor liquid liabilities (that is liabilities whose timing is uncertain) in themselves create liquidity risk. |
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http://www.fsa.gov.uk/Pages/Library/Communication/Speeches/2004/SP201.shtml
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| | Ecobook librería de economia Libro: Liquidity Risk: Managing Asset and Funding Risks. |
| | Liquidity Risk is a comprehensive treatment of the topic focusing on the nature of the risk, problems that arise in asset and funding liquidity and mechanisms that can be developed to monitor, measure and control such risks. | | | Liquidity risk is the risk of loss arising from an inability to quickly realise asset value or obtain funding and can be damaging if not properly considered or actively managed. | | | Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care. |
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http://www.ecobook.com/fichalibro.php?ID=861017
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| | EXVaR Risk Management: Risk Software suite - Chosen By Paris Bourse to manage Financial Risk in Real-time with Full ... |
| | Risk reports are generated by the Risk software in a number of formats for regulatory and company management purposes. | | | EXVaR, the Risk Management Software made by SFS ("Stochastics Financial Software") allows Risk Managers and Controllers to measure and manage in Real-time their Risk exposure. | | | Measures the risk (Credit Risk) of portfolios that contain defaultable fixed income assets (bonds, swaps, etc.), with respect to issuer rating migration, spread variation and default. |
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http://software.clearingrisk.com
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| | liquidity risk and Stock Trading at TradeStars + Stock Trading |
| | Day-Trading Risk Disclosure Statement liquidity risk (a) Except as provided in paragraph (b), no member that is promoting to provide additional funds to the firm to avoid the forced sale of those on hand trading for 90 days. | | | More recently, a number of The liquidity risk relationship, of course is not as simple as this, but nevertheless, there are good arguments for saying the stock, allowing them to lock in quick profits. | | | North American liquidity risk Securities Administrators Association, Inc. issued a report that describes the major problems and abuses in the liquidity risk industry and summarizes the legal actions brought to date. |
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http://tradestars.com/content/liquidity-risk.asp
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| | risk management, market risk, operational risk, liquidity risk |
| | Liquidity risk is the risk of having insufficient cash to sustain normal business activity. | | | Accordingly, liquidity risk has to be managed in addition to market, credit and other risks. | | | Risk Management is a software engineering practice with processes, methods, and tools for managing risks in a project. |
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http://www.riskmanage.co.uk/4862/5433.html
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| | Liquidity Risk |
| | Accordingly, liquidity risk has to be managed in addition to market, credit and other risks. | | | A simple test for liquidity risk is to look at future net cash flows on a day-by-day basis. | | | If an organization's cash flows are largely contingent, liquidity risk may be assessed using some form of scenario analysis. |
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http://www.riskglossary.com/articles/liquidity_risk.htm
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| | 7. A Global Perspective on Liquidity Risk |
| | Liquidity risk is reduced because the amounts due for settlement are reduced through the netting. | | | The concentration of liquidity risks, formerly borne by a large group of correspondent banks, in one institution on which international banks and markets would depend would make clearing houses too important to the functioning of financial markets to permit failures. | | | For example, if settlements for the offshore system are made through correspondent banks or privately operated payment systems in the country of issue, liquidity risk may fall in the first instance on the private banking system in that country. |
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http://www.riskinstitute.ch/141850.htm
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| | liquidity risk - Web Links |
| | Problem 5 (government debt rollover risk) is addressed by limiting short-term sovereign debt issues, which also prevents governments from free riding on IMF insurance against liquidity risk. | | | Six main types of risk are analysed: credit risk, liquidity risk, interest rate risk, currency risk, country risk and contingent risk (off-balance sheet risk). | | | risk management, market risk, operational risk, liquidity risk risk management, market risk, operational risk, liquidity risk - Mark 2 Market is a low-cost solution for helping institutions produce fair-values for unpaid, complex or illiquid bonds, loans or similar debt instruments... |
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http://www.product-launch.co.uk/search.php?qry=liquidity+risk&ass=1237&nres=35&details=1&fsonly=0&hl=0&nfs=10&ns=&alt=0&offset=35
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| | Liquidity Risk Premium |
| | The liquidity risk premium is the compensation that a lender receives for investing funds in something that is difficult to sell. | | | A highly liquid Government of Canada bond would trade with 1 or 2 "basis points" (1/100 of a percent of yield) difference between the bid and ask yield. | | | The old adage "risk is having your money available when you need it", applies. |
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http://www.finpipe.com/lqrispr.htm
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| | Banque de France - Financial Stability Review - FSR : liquidity risk |
| | This will be achieved,in particular, liquidity risk further corporate balance sheet restructuring and efforts in liquidity risk areasof corporate governance and financial transparency.The Overview of this second liquidity risk of the Financial Stability Review covers liquidity risk developments in greater detail. | | | A general overview presents the liquidity risk trends and events that have marked the financial financial review liquidity risk the course of the period under consideration and sheds light on short sale initiatives devoted government regulation liquidity risk financial stability. |
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http://www.banque-france.fr/Financial_Stability_Review/liquidity_risk.htm
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| | Engineering Economist, The: Measures of liquidity risk supplementing fuzzy discounted cash flow analysis |
| | In practice, liquidity risk is oftentimes taken into account in the capital investment decision process. | | | In this paper, I present fuzzy analogues of the payback method (conventional and discounted), which is a frequently used measure of liquidity risk in capital budgeting. | | | The payback method-one of the most popular methods for assessing liquidity risk-does not require the determination of a discount rate, is simple and easy to understand and has a hedging attitude against uncertainty of future cash flows. |
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http://findarticles.com/p/articles/mi_qa3621/is_199807/ai_n8786498
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| | [No title] |
| | The new OCC handbook notes that liquidity risk is a greater concern and management challenge for banks today than in the past. | | | The CFP can assist in identifying an appropriate amount of liquid assets, measuring and projecting funding requirements during various scenarios, and managing access to existing and alternative funding sources. | | | Increased competition for consumer deposits, a wider array of wholesale and capital market funding products, and technological advances have resulted in structural changes in how banks are funded and how they manage their liquidity risk. |
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http://www.occ.treas.gov/ftp/release/2001-15.txt
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| | Bank Austria Creditanstalt Annual Report 2003 - Overall risk management |
| | The Managing Board determines the risk policy and approves the principles of risk management, the establishment of limits for all relevant risks, and the risk control procedures. | | | All risk management activities of Bank Austria Creditanstalt are combined within a division and comprise secondary lending decisions, the treatment of problem loans, and strategic risk management. | | | Credit risk is assessed by the credit committee. |
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http://geschaeftsbericht2003.ba-ca.com/en/notes/riskreport/.../liquidityrisk
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| | Detailed information about Value at risk |
| | These are usually: * Market risk is the risk arising from changes in equity prices and market rates. | | | Value at risk (VaR) is the amount of money that one would expect to gain or lose over a specific time (the holding period) to a certain level of probability assuming normal market conditions. | | | o Equity risk o Interest rate risk o Currency risk o Commodity risk * Credit risk is the risk arising from the bank's positions in other companies where those companies may become bankrupt e.g. |
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http://www.investingcompany.com/Finance_topics/Value_at_Risk.html
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| | Floating rate advances and deposits with 1-yr repricing term ... |
| | Since the longest term available in our bond market is limited to 5 years, we are unable to accurately determine the expected liquidity risk that would arises on a 30-year loan. | | | The difference between our 5-year bonds and 1-year T-Bills would amount to the compensation for both interest rate risk and liquidity risk if investing in the 5-year bond instead of the 1-year T-Bill. | | | We have assumed that the difference between the 5-year bond and the 1-year T-Bill approximately reflects the total expected liquidity risk on a 30-year floating rate loan. |
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http://www.almprofessional.com/FTP/000000ca.htm
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| | Liquidity Risk Management |
| | No other resource takes you from the general principles of liquidity management to the specifics of what your bank needs to do, and gives you the tools you need to do it. | | | Bank-specific case studies and examples (including actual balance sheet data) make it easy to apply the methods and techniques to your bank. | | | Risk Management for Banks: A Guide to Regulatory Compliance |
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http://www.sheshunoff.com/store/394.html
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| | Can liquidity risk be subsumed in credit risk? A case study from Brady bond prices (BIS Working Papers No. 101) |
| | It is shown that subsuming liquidity risk in default risk may result in a misspecified model that, while generating the desired negative correlation between credit spreads and default-free interest rates, also generates negative probabilities of default at long horizons. | | | The methodology is implemented on a particular issue, a discount bond issued by Brazil and maturing in April 2024. | | | The paper applies a reduced-form model to uncover from secondary market's Brady bond prices, together with Libor interest rates, how the risk of sovereign default is perceived to depend upon time. |
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http://www.bis.org/publ/work101.htm
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| | Liquidity Risk Review |
| | Evaluated market, credit, operational and liquidity risk management policies, practices and approach for an emerging market bank. | | | Evaluated risk measurement, limits, and reporting processes for a major European bank. | | | Liquidity Risk - an important piece of the risk management puzzle |
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http://www.cmra.com/html/liquidity_risk.html
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| | Liquidity Risk Presents Likely Clue to Excess TIIS Yields |
| | The extra liquidity risk of the TIIS may provide the most likely clue to their excess yield, says Ben Craig, an economic advisor at the Federal Reserve Bank of Cleveland. | | | The large premiums that prevailed in 1998 suggest that liquidity concerns may account for part of the missing inflation premium in the yield spread between TIIS and nominal Treasury securities. | | | In the Bank's Economic Commentary, Craig examines the characteristics of the markets in which Treasury securities are sold and traded. |
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http://www.clevelandfed.org/Research/Com2003/0315pr.htm
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| | Technology innovation to foil liquidity risk |
| | The RBI, in its annual report, highlighted the incidence of technology risk translating into a liquidity risk, resulting in chaos in the banking sector. | | | "While the central bank's role in providing liquidity support instills confidence to the financial system, the actual action requires the central bank to distinguish between solvency and liquidity problems," the RBI report stated. | | | The Reserve Bank of India has stressed the importance of technological innovation as a vital part of liquidity management system in banks. |
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http://www.rediff.com/money/2003/aug/28rbi4.htm
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| | Funding Management and Liquidity Risk for financial institutions |
| | You will also walk through the planning, risk management and strategies necessary for successfully managing the liability side of your balance sheet. | | | Jim Wilkinson, Ph.D is the President of Risk Analytics Consulting, a division of Index Powered Financial Services, Inc. He works with community bank clients to develop balance sheet management strategies that improve performance. | | | Now, with as many alternatives and options on the funding side, community financial institutions must plan and analyze the liability side of the balance sheet just as diligently. |
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http://www.fmsinc.org/cms?pid=28716&printable=1
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| | Political Derivatives in Campaign 2000 |
| | To cover or reduce this risk, gold borrowers ordinarily purchase forward contracts or call options, which in turn are usually delta-hedged by their purveyors. | | | However, in a passage of particular relevance to gold, the report underscores (at page 20) the dual nature of liquidity risk: (1) funding liquidity, or the ability to meet when due the demands of counterparties; and (2) asset liquidity, or the ability to liquidate or cover positions in the relevant asset market. | | | His risk is limited to the premium paid for the option even if he does nothing and the price moves against him. |
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http://www.gata.org/political_derivatives_in_campa.html
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| | Liquidity Risk : Managing Asset and Funding Risks (Finance and Capital Markets) Erik Banks |
| | Liquidity Risk : Managing Asset and Funding Risks (Finance and Capital Markets) | | | Liquidity Risk : Managing Asset and Funding Risks (Finance and Capital Markets) Erik Banks | | | Below you will see a list of US book stores, along with their stock and price details for Liquidity Risk : Managing Asset and Funding Risks (Finance and Capital Markets) by Erik Banks. |
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http://www.bookkoob.com/book/1403933995.htm
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| | Information |
| | As an obligation of the U.S. Treasury, STRIPS are considered to be free from default (credit) risk. | | | However, since a dealer can strip or reconstitute bonds in a fairly flexible manner, if zero-coupon prices diverge too far from their equilibrium levels, a new supply can be created or reduced through the stripping and reconstitution process. | | | Proprietary products should be reviewed individually to determine the extent of credit risk. |
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http://www.bondtrac.com/XT/information/education/TreasuryStrips.xml
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| | EconPapers: Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking |
| | Investors desire liquidity because they are uncertain about when they will want to eliminate their holding of a financial asset. | | | Banks enable depositors to withdraw at low cost, as well as buffer firms from the liquidity needs of their investors. | | | We show the bank has to have a fragile capital structure, subject to bank runs, in order to perform these functions. |
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http://econpapers.repec.org/paper/nbrnberwo/7430.htm
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| | banking: Risk Management in Banking, 2nd Edition |
| | Risk management and efficient asset allocation are the watch-words of modern banking, not only for profitability and security, but also to comply with the increasingly stringent international regulations laid down by the Bank of International Settlements. | | | It considers all aspects of risk management, a vital topic within the banking industry, including: asset liability management, risk-based capital, value at risk, loan portfolio management, credit risk, market risk, interest rate risk, liquidity risk, fund transfer pricing, and capital allocation. | | | This book examines all aspects of financial risk management in banking-from global considerations right down to the management of a particular profit center. |
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http://bookstore.bankingamericaonline.com/n_0471893366.htm
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| | Liquidity Black Holes: Understanding, Quantifying and Managing Financial Liquidity Risk |
| | Additionally covers trends and issues in market liquidity, liquidity risk and disclosing positions, liquidity public policy, liquidity in relation to credit and currency markets, and many other issues. | | | He was formerly a visiting scholar at the IMF, a managing director of State Street, global head of Currency and Commodity Research at J P Morgan and a director at UBS. | | | Liquidity in the Fixed-Income Market and the Impact of EMU |
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http://www.defaultrisk.com/bk_lbh.htm
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| | Information, liquidity and risk in the international interbank market: implicit guarantees and private credit market ... |
| | This paper considers the functioning of the international interbank market (IIBM), its contribution to the recent financial turbulence in Asia, and the policy issues presented by the existence of moral hazard and implicit guarantees of interbank liabilities. | | | Information, liquidity and risk in the international interbank market: implicit guarantees and private credit market failure | | | Information, liquidity and risk in the international interbank market: implicit guarantees and private credit market failure (BIS Working Papers No. 86) |
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http://www.bis.org/publ/work86.htm
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| | `Liquidity risk management key factor in forex market' |
| | He said a company's forex policy should reflect its business terms, market liquidity, budgeting process and set limits to the risks it can afford. | | | They should identify real business risk and not accounting or transaction risks, Mr Agarwal said. | | | According to him, companies that have overseas exposures should constantly look for opportunities to cut costs on them. |
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http://www.blonnet.com/2000/12/19/stories/171908tl.htm
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| | Liquidity Risk |
| | Liquidity risk is usually managed by limiting holdings of illiquid positions, by matching asset and liability maturities, and by limiting any maturity gap. | | | Liquidity risk is usually reflected in a wide bid-asked spread and large price movements in response to any attempt to buy or sell. | | | Liquidity risk may be a problem because a given position is very large relative to typical trading volumes or because market conditions are unsettled. |
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http://www.riskinstitute.ch/00011942.htm
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| | KRM - Liquidity Risk Solution |
| | Limits should be appropriate to the size, complexity and financial condition of the bank. | | | Employ different business assumptions as appropriate for each liquidity scenario. | | | Project cash flows for up to 999 future time periods. |
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http://167.216.11.30:8800/Kamakura/Liquidity.htm
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| | GARP : Global Association of Risk Professionals |
| | The Financial Risk Manager (FRM®) exam, launched in 1997, is recognized as the world's most prestigious global certification program for Financial Risk Managers. | | | GARP is soliciting nominations for its 2003 Risk Manager of the Year award. | | | The Global Association of Risk Professionals is pleased to present its 2004 Risk Manager of the Year award to: |
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http://www.garp.com
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| | liquidity - management risk |
| | ICM is a national money management firm with independent investment teams who specialize in a range of investment styles including small- and mid-cap value and large-cap growth equity, as well as a range of fixed-income and liquidity management products. | | | Capstone Partners LLC is a national investment banking firm dedicated to executing complex MandA and financing transactions within the Technology and Media, Business Services, Consumer Products and Manufacturing and Distribution industries. | | | IF-Group, credit risk management, basel II, commercial finance, asset based lending, invoice discounting, liquidity, receivables management, financing debts, credit insurance, debtor finance, trade receivables, cross-border factoring |
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http://www.investing-x.com/topics/liquidity.html
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| | Kamakura on Encyclopedia.com |
| | National Australia Bank Selects Kamakura Risk Manager for Liquidity Risk Management. | | | Southwest Corporate Federal Credit Union Purchases Kamakura Risk Information and Software. | | | Kamakura And Westpac To Implement Integrated Market Risk, ALM And Transfer Pricing System. |
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http://www.encyclopedia.com/html/K/Kamakura.asp
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| | Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market |
| | When market liquidity dries up and CP rates rise, banks experience funding inflows, allowing them to meet increased loan demand from borrowers drawing funds from pre-existing commercial paper backup lines without running down their holding of liquid assets. | | | Consequently, one dimension of bank “specialness” is that banks can insure firms against systematic declines in market liquidity at lower cost than other financial institutions. | | | " Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach," Journal of Financial Economics, Elsevier, vol. |
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http://ideas.repec.org/p/wop/pennin/03-01.html
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| | [No title] |
| | The advisory provides background on the Federal Reserve's discount window credit programs, introduced in January 2003, and guidance on the appropriate use of the primary credit program in developing an effective liquidity risk management program. | | | The advisory also reviews existing supervisory policies on sound liquidity risk management and contingency planning, highlighting the need for institutions to develop and actively maintain liquidity contingency funding plans (CFPs). | | | By enhancing the availability of discount window credit, the new primary credit program can assist depository institutions in managing short-term liquidity risks. |
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http://www.occ.gov/ftp/bulletin/2003-36.txt
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| | Bobsguide - Market Risk |
| | Algo Market is an enterprise-wide risk management solution that enables financial institutions to measure, control and manage market and liquidity risk across... | | | TLC Risk Solution's barracuda® software product is the complete solution for the calculation of regulatory capital under Basel II. | | | The Murex Limits Controller (MLC) is the ideal solution for enterprise-wide real-time limit management for credit, market and operational risks. |
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http://www.bobsguide.com/guide/c-baselii-market-risk.html
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| | BBA - British Bankers' Association - Liquidity Risk Seminar |
| | Also examined will be the issues of the Eurozone and the consequent impact upon crossboarder cash management, with practical insight into decision making for global liquidity management objectives, including discussion of the integration of subsidiaries. | | | The Bank of England last reformed the sterling money markets in the mid 1990's, the second consultative paper on the reform of its operations in the sterling money markets will close in January. | | | The programme is likely to be of particular value to middle and senior management within banking operations including: |
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http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=143&a=4905
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| | Modeling Liquidity Risk, With Implications for Traditional Market Risk Measurement and Management |
| | Hence the market risk is really in a "pure" form: risk in an idealized market with no "friction" in obtaining the fair price. | | | Modeling Liquidity Risk, With Implications for Traditional Market Risk Measurement and Management | | | " A Framework for Collateral Risk Control Determination," FAME Research Paper Series rp61, International Center for Financial Asset Management and Engineering. |
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http://ideas.repec.org/p/wop/pennin/99-06.html
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| | Re: Contingent Liquidity Risk |
| | in some countries statutory liquidity ratios are prescribed for compulsory investment in government securities to take care of liquidity emergencies. | | | Liabilities and assets both should bear such cost as both can cause liquidity emergencies. | | | Either management can acknowledge loss in such portfolio or distribute the opportunity loss (caused by necessity to maintain liquidity) to other assets and liabilities. |
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http://www.almprofessional.com/FTP/000000e5.htm
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| | Liquidity Risk Management, Compare Book Prices, New & Used Books |
| | Liquidity Risk: Managing Asset and Funding Risks (Finance & Capital Markets S.) | | | Liquidity Risk Management, Compare Book Prices, New & Used Books | | | Asset/ Liability Management: Investment Strategies, Liquidity Requirements and Risk Controls for Banks and Thrifts |
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http://www.bookfinder4u.co.uk/book_search/Liquidity_Risk_Management.html
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