Summary
Samenvatting Handels- En Financiële Verrichtingen - 1e bachelor Handelswetenschappen ()
Book
Handel en financiering
Samenvatting Handels- en Financiële Verrichtingen ()
- 1e bachelor Handelswetenschappen
- Module 1 (Handelsverrichtingen) - Module 2 (Financiële Verrichtingen)
- ISBN: 4435
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Last document update: 10 months ago
Preview 4 out of 34 pages
Summarized whole book?
No
Which chapters are summarized?
Module 1 - module 2
Uploaded on
January 14, 2023
File latest updated on
January 10, 2024
Number of pages
34
Written in
2022/2023
Type
Summary
Book Title: Handel en financiering
Author(s): Jos Meir
Edition: Unknown
ISBN: 9789463934435
Edition: 1
Institution
Universiteit Gent (UGent)
Education
Bachelor Handelswetenschappen
Course
Handels- En Financiële Verrichtingen (F712017A)
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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