Finanse zintegrowane : credit-rating a ryzyko

• Autorzy: Izabela Kidacka

Warianty tytułu

Structured Finance Credit Rating and Risk

• Języki publikacji: PL

Abstrakty

Rozdział pierwszy poświęcono w całości zagadnieniu identyfikacji ryzyka, które jest podejmowane w trakcie tworzenia struktur finansowania zintegrowanego. Ryzyko scharakteryzowano zgodnie z pięciostopniowym schematem klasyfikacji, charakterystycznym dla sekurytyzacji i finansowania zintegrowanego. W rozdziale drugim przedstawiono i oceniono rolę niezależnych agencji ratingowych w procesie w procesie identyfikacji i klasyfikacji ryzyka oraz kształtowania przepływów pieniężnych między rozwiniętymi i rozwijającymi się rynkami finansowymi. Przeanalizowano również znaczenie ocen jakości kredytowej w procesie uruchomienia mechanizmów samoregulacji rynku papierów dłużnych, widzialnym nie tylko z perspektywy pośrednika finansowego, pełniącego rolę i instytucji regulacyjnych. Ocenę profesjonalnej identyfikacji ryzyka naruszenia spłat papierów dłużnych uzupełniono analizę wieloletnich zmian klasyfikacji transakcji na rynku papierów dłużnych, z uwzględnieniem podziału na sektory finansów korporacyjnych i zintegrowanych. (fragment tekstu)

EN

The monograph is the continuation of the case study introducing the construction and operation of financial structures active on capital market structured finance sector1. The monograph consists of two chapters. Chapter one presents the issues connected with identification of the risk relevant to construction of structured financing cash flow structures. The risk analysis satisfies the five level risk classification pattern accustomed for securitization and structured financing. The risk mitigation methods and its influence on the cash flow structures have also been analyzed. Chapter two presents the independent credit rating agencies relevance in the risk identification and classification process as well as their influence on the cross border cash flows between rising and developed financial markets. The credit rating influence on the debt securities market self-regulation mechanism has also been analyzed, from different points of view: the intermediary providing the issuer duties, the investors, and regulators. The importance of professional default risk identification has been confirmed with long term analysis of debt securities market ratings stability, based on the comparison between structured and corporate finance sectors. (short original abstract)

Słowa kluczowe

PL

Ryzyko finansowe; Ocena zdolności kredytowej; Papiery dłużne

EN

Financial risk; Credit rating; Debt securities

• Czasopismo: Rozprawy i Studia / Uniwersytet Szczeciński
• Rocznik: 2006
• Numer: nr 622
• Strony: 194

Twórcy

autor

Izabela Kidacka

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