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Structure and trends of export financing of the Czech companies
Šiková, Marie ; Němečková, Iveta (advisor) ; Tročil, Jan (referee)
The aim of this diploma thesis is to analyze the structure and trends of financial instruments used in international business operations in the Czech Republic on the example of Československá obchodní banka, a.s. and Export Guarantee and Insurance Corporation and subsequently to evaluate what services in this area offers to their clients on the Czech market. This analysis then draws conclusions and recommendations for improving the offer of banking products and services of these chosen financial companies.
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Bank risk mitigating tools in international trade
Klarová, Diana ; Halík, Jaroslav (advisor) ; Vyhnánek, Radim (referee)
This thesis is divided into two parts - theoretical and analytical. In the theoretical part, there are defined groups of risks related to doing business internationally and selected bank risk mitigating tools used as a protection against the risks mentioned. Specifically, there are discussed the most used types of bank guarantees, documentary collection and letter of credit. The second part of this thesis, analytical part, comprises of five business cases presenting adequate application of a bank guarantee instrument. Complex business case follows where various risks are analyzed from many angles. Analysis outcome is a recommendation of optimal business solution using a combination of various Trade Finance products.
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The impact of Basel III on trade finance
Malešová, Jana ; Teplý, Petr (advisor) ; Žigraiová, Diana (referee)
The thesis focuses on the impact of the banking regulation Basel III on bank-intermediated trade finance. The theoretical part of the thesis explains details of Basel III requirements, history of Basel Accords and their future in the form of Basel IV, characteristics of trade finance products and of the whole industry. Trade finance industry voiced worries about the negative effect that these new requirements might have on trade finance business. The thesis estimates determinants of bank-intermediated trade finance and includes a regulatory variable. We use trade finance data from the Czech Republic and Hong Kong in 2000−2014 and from India in 2007−2014. A negative effect of Basel III on trade finance growth is found using pooled OLS regression. Contrary to previous research, we also estimate a negative coefficient of banks' capital to assets ratios. To the best of our knowledge, the thesis provides the first empirical analysis of the impact of Basel III on trade finance. Trade finance research usually focuses more on the relationship of trade finance and trade flows and the thesis provides an extensive literature summary of this topic. The final part of the thesis contrasts different levels of risk of trade finance and shows that the imputed low-riskiness does not apply to the Czech data.
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Current Practice of Financing and Risk-Hedging in the Export of Investment Units
Kolář, Šimon ; Němečková, Iveta (advisor) ; Pavlík, Zdeněk (referee)
The thesis concerns trade risks and trade finance focused on investment units. The author starts with the definition and characteristics of an investment unit. Than moves on to describe the particular types of trade risks and identifies their specifics in terms of the chosen industry. He further briefly deals with the methods of risk management and risk hedging as well as financing risks from the bank's perspective. A principal part of the thesis is dedicated to long-term trade finance. In particular, it describes the distinctive financing models: supplier credit, buyer credit, pre-shipment finance as well as other, more complicated types, such as project financing, local cost financing or financing from capital markets. A case study of a trade finance operation, prepared in a close cooperation with professionals, is included.
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