Inhoud
Intro ............................................................................................................................................ 3
HOOFDSTUK 1: Bankbedrijf en management van kredietinstellingen ...................................... 4
Rol van banken in de financiële intermediatie....................................................................... 4
Management van kredietinstellingen .................................................................................... 6
Time Value of Money ............................................................................................................. 8
Uitbreiding 1: meerdere cashflows .................................................................................. 11
Uitbreiding 2: NPV ............................................................................................................ 11
Uitbreiding 2: IRR.............................................................................................................. 12
Rendabiliteit en risicomanagement ..................................................................................... 14
Solvabiliteit en bankkapitaal ................................................................................................ 18
HOOFDSTUK 2: Kredieten aan particulieren en vennootschappen ......................................... 19
Inleiding ................................................................................................................................ 19
Kredieten aan ondernemingen ............................................................................................ 19
Financieringsbronnen op korte termijn: .............................................................................. 20
Financieringsbronnen op middellange - lange termijn: ...................................................... 26
Overheidssteun, BA, Crowdfunding, Zaai- en risicokapitaal (SELF@HOME) ....................... 27
Kredieten aan particulieren.................................................................................................. 33
HOOFDSTUK 3: De segmenten van de geldmarkt .................................................................... 40
Inleiding ................................................................................................................................ 40
Betalings- en vereffeningssystemen in het eurogebied....................................................... 40
De interbankenmarkt ........................................................................................................... 41
De markt van de schatkistcertificaten .................................................................................. 42
De repomarkt ....................................................................................................................... 43
Commercial paper ................................................................................................................ 43
HOOFDSTUK 4: Het monetair beleid in het Eurogebied .......................................................... 44
Inleiding: E(S)CB.................................................................................................................... 44
Finale doelstelling van het monetair beleid in het eurogebied ........................................... 44
Monetaire beleidsstrategie .................................................................................................. 44
Instrumenten van het monetair beleid in het eurogebied .................................................. 45
Algemene kenmerken en technieken .............................................................................. 45
Stelsel van reserveverplichtingen: ................................................................................... 45
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, lOMoAR cPSD| 10504990
Openmarktverrichtingen .................................................................................................. 46
Permanente faciliteiten .................................................................................................... 47
HOOFDSTUK 5: Derivaten ........................................................................................................ 48
Inleiding ................................................................................................................................ 48
Termijncontracten en futures .............................................................................................. 48
Future of forward ............................................................................................................. 49
Future - winst/verlies op einddatum................................................................................ 49
Opties ................................................................................................................................... 50
Long Call Optie – winst/verlies ......................................................................................... 51
Long put opties ................................................................................................................. 51
Short Opties ...................................................................................................................... 52
FX case .............................................................................................................................. 52
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, lOMoAR cPSD| 10504990
Financiële markten 1:
- Gaat vooral over de beleggingskant
- Aandelen, obligaties
- Waar halen de banken hun geld
INTRO
2 stromen: stroom via financiële intermediatie, en de stroom via de financiële markten
FI: vb bedrijf => de bank als tussenpersoon
FM: is vooral digitaal, iemand die dit platform aanbiedt => is het directe kanaal, is het
goedkoopst om aan geld te komen
Hoe meer mensen er tussen een deal staan, hoe duurder natuurlijk
3
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