|
|
Power Exchange Central Europe and Clearing Banks
Rosová, Naďa ; Paholok, Igor (advisor)
This work describes the relationship between Power Exchange Central Europe and its clearing and non-clearing members. At first, the main products traded on exchange and the engaged clearing system are presented. The next part is engaged in relations between clearing banks, non-clearing members and Central depository and the methods of risk management, such as usage of margins and clearing fund. For confrontation the European Energy Exchange was chosen and the margin parameters were compared.
|
|
| |
|
|
Power Exchange Central Europe, a.s and a comparision of the trading rools with prominent commodity exchanges.
Endrštová, Lenka ; Paholok, Igor (advisor)
The Bachelor's Thesis focuses on the comparision of two energy exchanges: Power Exchange Central Europe, a.s and European Energy Exchange AG. The Thesis is devided into three parts. The first and the second parts describe the principles of both energy exchanges. The third part deals with the comparision of exchanges in several sections: a general comparision, the differences between the competences, rights and duties of marketmakers, products, trading system, settlement system and, finally, a comparison of the systems of risk management.
|
|
|
Interest rate swaps and it's pricing
Holička, Petr ; Málek, Jiří (advisor) ; Paholok, Igor (referee)
This thesis deals with interest rate swaps. In addition to chapters on basic principles of interest rate swaps also provides insight into the current situation in the derivative markets. The main part is devoted to the valuation of interest rate swaps, where is in addition to the theoretical site also solved the problem of obtaining the necessary data for calculations in practice. The conclusion of this work is devoted to two practical examples, which are dealing with the problem of the valuation of interest rate swaps.
|
|
|
Option Pricing and Variance Gamma Process
Moravec, Radek ; Málek, Jiří (advisor) ; Paholok, Igor (referee)
The submitted work deals with option pricing. Mathematical approach is immediately followed by an economic interpretation. The main problem is to model the underlying uncertainities driving the stock price. Using two well-known valuation models, binomial model and Black-Scholes model, we explain basic principles, especially risk neutral pricing. Due to the empirical biases new models have been developped, based on pure jump process. Variance gamma process and its special symmetric case are presented.
|
|
|
Interbank payment system in the Czech Republic
Šlachtičová, Zuzana ; Paholok, Igor (advisor)
The subject of this thesis is the essence of the functioning of the interbank payment system in the Czech Republic at present and expected changes after the adoption of the single currency euro. The aim is to bring the activity of a single payment system CERTIS, its principles and basic properties. Also the thesis is devoted to the SWIFT information network, which is an important part of the interbank payment system. The second part focuses on the European payment system TARGET, EURO1, STEP1, STEP2 and the SEPA project, whose main objective is the integration of cash and cashless payments. The last chapter is an expression of anticipated changes in monetary transactions between banks after adoption of the euro in the CR.
|
|
|
Money laundering methods
Exler, Eduard ; Paholok, Igor (advisor)
This bachelor thesis presents an overview of money laundering methods. The first chapter includes introduction to the problem and describes its theoretical aspects. Following chapters contain the overview of methods. Methods are categorized into economic sectors according to their key element. The aim of this thesis is to increase awareness about this problem.
|
|
|
Changes in the risk management after the financial crisis
Kujnischová, Katarína ; Paholok, Igor (advisor)
The subject of the bachelor's thesis Changes in the risk management after the financial crisis is to make the acquaintance of the changes being prepared in international risk management and in the area of corporate governance in response to financial crisis. The thesis is divided into three chapters. The first one theoretically determinates the specifics of the banking sector, defines types of risks in banking and analyses the causes of their origin. In the second chapter the benefits and the drawbacks of the Basel capital accords Basel I and Basel II are reviewed. The third part already deals with the upcoming changes, in the concrete the preparation of Basel III and its differences from currently obligatory concept. It also deals with the basic principles of corporate governance, because the proper management of individual banks is necessary for safe and stable financial system.
|
|
|
Electricity Futures
Michalovský, Michal ; Paholok, Igor (advisor)
Bachelor thesis deals with the forward electricity market. It describes how the liberalized electricity market and the energy exchanges work with in-depth focus on the Czech Republic. The basic theoretical approaches towards the price formation in electricity market and the valuation of electricity futures are also shown. Furthermore, the thesis analyses futures prices on Prague energy exchange compared to prices on other European exchanges and to prices of other energy commodities. The last part of the thesis calculates risk premia in monthly futures on Prague energy exchange.
|
|
|
On-line trading with commodities
Ripelová, Lucie ; Málek, Jiří (advisor) ; Paholok, Igor (referee)
This Diploma thesis focuses on a set of commodities dealt on world-wide trades. It mainly discuss the business environment of commodities with physical delivery, not so much the speculative deals. The goal of the Diploma thesis is to select a set of appropriate commodities for Internet (web-based) business. The first part contains the overview of the actual level of knowledge in the area of Internet-based business with commodities. The second one focuses on the analysis of the commodity exchange and non-commodity exchange environment in Czech Republic and the world. Result of each analysis is a list of commodities dealt on the specific market. It also contains the comparison the commodity exchange and non-commodity exchange environment. The goal of before mentioned steps was to define the set of commodities for trading on an Internet portal -- opentrade.cz. Third part describes the functionality of the opentrade.cz and its' specifics -- barter trades. It also contains the list of commodities.
|
guest ::
