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Bank loans for business persons
Dolejš, Jiří ; Kotáb, Petr (advisor) ; Dřevínek, Karel (referee)
12. English summary Bank loans to entrepreneurial (corporate) customers There is no commonly accepted definition of loan in the Czech law and theory. The Czech civil law distinguishes between "loan" (as defined in the commercial code) and "borrowings" (as defined in the civil law code). The definition used by the financial law is more comprehensive and more reflecting the economic sense to the form of the provided money. According to the bank code, loan is temporarily granted cash, no matter in what form. Some definitions in the theory are even more comprehensive including also guarantees and similar products. According to my definition, loan is an instrument, under which cash (or its equivalent in other goods) is temporarily granted to a debtor and cash (or its equivalent in other goods) is returned to the creditor. Cash is always at least either provided in the beginning or returned in the end. "Entrepreneur" is defined in the commercial code. However this definition has to be adjusted to the special law or internal rules of the bank. Entrepreneurial (or in English "corporate") customers include usually entrepreneurs as defined by the commercial law, but excluding some special types of clients as banks and other financial institutions, public subjects and some small entrepreneurs with retail character....
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Providers of investment services in the Czech capital market
Kropíková, Jana ; Kotáb, Petr (advisor) ; Dřevínek, Karel (referee)
Providers of investment services are investment firms, investment firms providing investment services in a different member state than in the Czech republic, investment firms providing investment services in the Czech republic, investment intermediaries and tied agent. These subjects are entitled to provide investment services at the czech capital market. In order to ensure high level of protection of investors and transparency and safety of dealing at capital market, there are plenty of requirements set for such providers. they should secure that investment services are provided by persons with sufficient skills and financial and technical background. Furthermore a supervisory authority, Czech national bank in the Czech republic, supervises over their activities. For this reason Czech national bank grants a permition for investment firms, registers investment intermediaries and enlist tied agents into a list of tied agents. Providers of investment firms are obligated to perform wide information obligation towards Czech national bank. The Markets in Financial Instruments Directive (MiFID) brought significant changes to czech capital market. Transposition of MiFID into czech law influences majority of rules dedicated to capital market regulation. The key category which affects investment firms first...
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Financial market and the prospects of its development
Šenigl, Vladimír ; Kotáb, Petr (advisor) ; Dřevínek, Karel (referee)
This Diploma Thesis deals with financial market in the Czech Republic and selected prospects of its future development. The author concentrates his analyses on following four areas: 1. Missing Central Securities Depository, 2. Act on Supervision on the Financial Market, 3. Introduction of Euro in the Czech Republic, and 4. Establishment of a Financial Ombudsman. The structure of the thesis is divided into two parts. The first part provides a brief description of the financial market, instruments of the financial market and subjects of the financial market. The second part analyses future prospects of the financial market in the Czech Republic as detailed above. There are three appendices attached: no. 1: Chart detailing position of SCP (Prague Securities Centre) on the capital market, no. 2: Indicative timetable of Czech Republic joining the Euro and no.3: List of questions for public discussion regarding Act on Supervision on the Financial Market. Central securities depository represents standard and inherent part of all developed international capital markets. Although this institution is incorporated in the Czech legal system for several years it was not established yet. Main task of the central depository is central evidence of securities in the Czech Republic and settlement system for security...
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