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Guarantee Valuation
Hora, Ondřej ; Marek, Petr (advisor) ; Brabenec, Tomáš (referee)
Thesis on topic "Guarantee Valuation" aims to describe methods of valuing a guarantee. In first part of the document the guarantees, guarantee transaction structure and factors affecting the value of guarantees are defined. The second part describes four methods of guarantee valuation. In the last practical part, selected methods are used to estimate the value of a hypothetic guarantee. Emphasis is also put on the related topics as tax impacts of guarantees and special situations. Rating methodologies are used to estimate the risk of the borrower.

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