100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Samenvatting Handels- En Financiële Verrichtingen - 1e bachelor Handelswetenschappen () $7.05   Add to cart

Summary

Samenvatting Handels- En Financiële Verrichtingen - 1e bachelor Handelswetenschappen ()

 19 views  0 purchase
  • Course
  • Institution
  • Book

Samenvatting Handels- en Financiële Verrichtingen () - 1e bachelor Handelswetenschappen - Module 1 (Handelsverrichtingen) - Module 2 (Financiële Verrichtingen) - ISBN: 4435

Last document update: 10 months ago

Preview 4 out of 34  pages

  • No
  • Module 1 - module 2
  • January 14, 2023
  • January 10, 2024
  • 34
  • 2022/2023
  • Summary
avatar-seller
MODULE 1: HANDELSVERRICHTINGEN
WAAROM HANDEL?
WELVAARTSVOORDELEN ...............................................................................................................................................................4
WERELDHANDELSORGANISATIES (WHO).......................................................................................................................................4

HANDELSDOCUMENTEN
COGNOSSEMENT – CONNOSSEMENT ............................................................................................................................................5
VRACHTBRIEF.................................................................................................................................................................................5
IN- EN UITVOERVERGUNNING .......................................................................................................................................................5
OORSPRONGSDOCUMENT.............................................................................................................................................................5
FACTUUR .......................................................................................................................................................................................5

BETALINGSTECHNIEKEN
DOCUMENTAIR INCASSO ...............................................................................................................................................................6
DOCUMENTAIR KREDIET ................................................................................................................................................................6
DISCONTOKREDIET ........................................................................................................................................................................7
CEDENTENDISCONTOKREDIET – CLIËNTENDISCONTOKREDIET ......................................................................................................................7
LEVERANCIERSDISCONTOKREDIET .........................................................................................................................................................7

FACTORING ....................................................................................................................................................................................8

FINANCIERINGSTECHNIEKEN
TERMIJNCONTRACT .......................................................................................................................................................................9
IMPORTEUR: XIMPORT......................................................................................................................................................................9
EXPORTEUR: ZEXPORT ......................................................................................................................................................................9

OPTIE ...........................................................................................................................................................................................11
CALLOPTIE: XIMPORT......................................................................................................................................................................11
PUTOPTIE: ZEXPORT .......................................................................................................................................................................11

, MODULE 2: FINANCIËLE VERRICHTINGEN
FINANCIËLE MARKTEN/BEURZEN
ALGEMEEN ...................................................................................................................................................................................13
SCHEMATISCH ...............................................................................................................................................................................13
OBLIGATIE....................................................................................................................................................................................13
AANDEEL .....................................................................................................................................................................................13

VOORDELEN FINANCIËLE MARKTEN ............................................................................................................................................13
SOORTEN FINANCIËLE MARKTEN.................................................................................................................................................14
PRIMAIRE MARKTEN .......................................................................................................................................................................14
SECONDAIRE MARKTEN ...................................................................................................................................................................14
GELDMARKTEN..............................................................................................................................................................................14
KAPITAALMARKTEN ........................................................................................................................................................................14
CONCRETE MARKTEN ......................................................................................................................................................................14
ABSTRACTE MARKTEN .....................................................................................................................................................................14
PRIJSGEDREVEN MARKTEN ...............................................................................................................................................................14
ORDERGEDREVEN MARKTEN .............................................................................................................................................................14

EURONEXT BRUSSEL ....................................................................................................................................................................15
ONTSTAAN ...................................................................................................................................................................................15
DEELMARKTEN ..............................................................................................................................................................................15

OBLIGATIES
STANDAARD-OBLIGATIE EN VARIANTEN .....................................................................................................................................16
VASTE EN POSITIEVE RENTE ..............................................................................................................................................................16
nulcoupon/zero bond ............................................................................................................................................................16
variabele rente/floating rate note.........................................................................................................................................16
geïndexeerde obligatie/inflation linked bond ........................................................................................................................16
BINNENLANDSE OBLIGATIE ...............................................................................................................................................................16
buitenlandse obligatie ..........................................................................................................................................................16
euro-obligatie .......................................................................................................................................................................16
NIET ACHTERGESTELD OF BEVOORRECHT ..............................................................................................................................................17
achtergestelde obligatie .......................................................................................................................................................17
bevoorrechte obligatie ..........................................................................................................................................................17
bevoorrechte obligatie door effectisering..............................................................................................................................17
effectisering en financiele crisis.............................................................................................................................................18
NIET CONVERTEERBAAR OF MET WARRANT ..........................................................................................................................................19
converteerbare obligatie.......................................................................................................................................................19
obligatie met warrant ...........................................................................................................................................................19
PRIMAIRE MARKT ........................................................................................................................................................................20
SECONDAIRE MARKT ...................................................................................................................................................................20
RENDEMENT: BEREKENING ..........................................................................................................................................................21
LOPEND RENDEMENT = CURRENT YIELD ...............................................................................................................................................21
exclusief verlopen rente ........................................................................................................................................................21
inclusief verlopen rente .........................................................................................................................................................21
ACTUARIEEL RENDEMENT = YIELD TO MATURITY ....................................................................................................................................22
actuarieel rendement bij volledige jaren ...............................................................................................................................22
actuarieel rendement bij onvolledige jaren ...........................................................................................................................22
negatieve actuariële rendementen .......................................................................................................................................22
RENDEMENT: DETERMINANTEN ..................................................................................................................................................23
MARKTRENTE................................................................................................................................................................................23
KREDIETWAARDIGHEID EMITTENT ......................................................................................................................................................23
ANDERE DETERMINANTEN................................................................................................................................................................23

GEWOGEN GEMIDDELDE LOOPTIJD = DURATION ........................................................................................................................24

, AANDELEN
KAPITAALVERHOGING .................................................................................................................................................................26
BEPALING PRIJS AANDEEL ............................................................................................................................................................27
SOORTEN BEURSORDERS..................................................................................................................................................................27
order zonder limiet: marktorder ............................................................................................................................................27
order met limiet: limietorder .................................................................................................................................................27
ORDERBOEK .................................................................................................................................................................................27
BEPALING PRIJS AANDEEL .................................................................................................................................................................28

DETERMINANTEN PRIJS AANDEEL ...............................................................................................................................................29
EFFICIËNTE-MARKTHYPOTHESE..........................................................................................................................................................29
BEHAVIORAL FINANCE HYPOTHESE .....................................................................................................................................................29
DETERMINANTEN PRIJS AANDEEL .......................................................................................................................................................29
economische groei ................................................................................................................................................................29
marktrente ...........................................................................................................................................................................29
BEURSINDEXEN ............................................................................................................................................................................30
DEFINITIE .....................................................................................................................................................................................30
NUT EN TOEPASSING.......................................................................................................................................................................30
VALIDITEIT EN BETROUWBAARHEID ....................................................................................................................................................30
BEREKENING.................................................................................................................................................................................30
KOERSINDEX = PRIJSINDEX ...............................................................................................................................................................30
RETURNINDEX ...............................................................................................................................................................................30
VOORBEELDEN ..............................................................................................................................................................................30

WAARDERING AANDELEN............................................................................................................................................................31
DIVIDENDRENDEMENT ....................................................................................................................................................................31
KOERS/WINST ...............................................................................................................................................................................31
KOERS/BOEKWAARDE .....................................................................................................................................................................31
ACTUARIEEL RENDEMENT – GORDON EN SHAPIRO..................................................................................................................................32

RISICOAVERSIE EN RISICOBEPERKING ..........................................................................................................................................33
RENDEMENT EN RISICO ...................................................................................................................................................................33
RISICOAVERSIE ..............................................................................................................................................................................33
RISICOBEPERKING ..........................................................................................................................................................................34
diversificatie .........................................................................................................................................................................34
lange termijn ........................................................................................................................................................................34

, WAAROM HANDEL?
WELVAARTSVOORDELEN
oneindige behoeften + eindige middelen → keuzes
welke G&D produceren, en welke niet

maximale bevrediging behoeften door een zo veel mogelijk G&D te produceren

- meer productiemiddelen (immigratie)
- technologische vooruitgang
- arbeidsorganisatie wijzigen

autarkie: ieder lid van gemeenschap voorziet maximaal in eigen behoeften
✓ onafhankelijkheid
✘ niet maximaal gebruiken van ieders talenten

arbeidsverdeling en specialisatie: iedereen bekommert zich om één welbepaalde tak op basis van eigen talent
✓ individu: eigen talent wordt benut en °bedrijven en ondernemingen
✓ land: comparatief kostenvoordeel door meer aanleg van specifieke G&D, geografie,
klimatologie, …

België 60 15 Congo kan relatief goedkoper 1 4
Congo 5 10 graan produceren dan België 1 1/2
België 10 miljoen
Congo 80 miljoen
België 60 15 België kan relatief goedkoper 1 1/4
Congo 5 10 T-shirts produceren dan Congo 1 2

5 miljoen 60 = 300 miljoen
België
5 miljoen 15 = 75 miljoen
arbeidsverdeling en specialisatie
40 miljoen 5 = 200 miljoen
Congo
40 miljoen 10 = 400 miljoen

België 10 miljoen 60 = 600 miljoen vrije handel
arbeidsverdeling en specialisatie
Congo 80 miljoen 10 = 800 miljoen

✘ gehele land gaat erop vooruit, maar niet per se groepen erin (landbouwer in België heeft geen werk)
✘ niet enkel economische principes, maar ook politieke principes (handelsoorlogen), beide landen zijn afhankelijk van elkaar

WERELDHANDELSORGANISATIES (WHO)
WHO: intergouvernementele organisatie
bevordering van internationale handel en maximaal elimineren van handelsbarrières tussen landen
oplossen van handelsconflicten tussen landen

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller charlotte2004. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.05. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64438 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.05
  • (0)
  Add to cart