4bIoqepCoB ABHxDyrcR OT KOHKpeTHOiN UCHbI (KOHpaKTbI cpaBHHBaioTcSI C PBIHKOM" B KOHue KaNiAOrO oriepagIHOHHoro AHs).
eCJH
(g)
LIeHbI
He6oibiuoiR npoueHT BbTaUqHBaeTCI no c'eTy y 6poKepa.
114. )DHHaHCOBbie 4TIoqepcbi H apyrHe TaK Ha3bIBaeMbIe rIpOH3BOIHbIe HHcTpyMeHTbI" (ripogyKTmi, BO3HHKaIoiNHe H3 iexcauWHx B HX OCHOBe 4)HHaHCOBbIX aKTHBOB H IIaCCHBOB) HMCIOT CAOKHbINi xapaicrep H Tpe6yIoT 6ombmoro BpeMCHH H yCHAHiN An IIoHHMaHHS. OiHaKo, 6mCTrpo pacryiuas BaxCHOCTh 3Toro HHCTpyMeHTa Tpe6yeTr, wTro6
pYKOBOLCTBO 6aHKa H AxenapTaMeHT 4HHaHCOB 6bLm AOCTaTOwHO 3HaKOMM C HHMHNAIHcInO3OBaHHS B yrpaBJIeHHH aKTHBaMH H IIaCCHBaMH.
V. IpoixeHTHmIji
CBOD
115. 3a nocneAHee AecSTHaNeTe nIpoiLeHTHbIe CBoribI CTaHN OAHHM H3 HaH6ojnee 6bIcTpo pacTyinx BHAOB 45HHaHCOBuX rlpOH3BOAHUIx, HCIIOJb3yeMbIX 60JIMIIHHCTBOM. 3anaAHaX 6aHKoB. npOueHTHbIN
CBOr - 3TO npOCTO KoHopaKTHoe
coraJlCIeHHe Mexy ARByMA CTOpOHaMH, HarIpHMep KOMMepqeCKHM 6aHKoM H OAHHM ero KOpnOpaTHBHbIX KAHeHToB, o6 o6MeHe npoijeirrmm nnuaTex3aMH Ha onpeAeJIeHHyIo, 3apaHee orOBopeHHyO 4)HKTHBHyWO CyMMy. I , 6o0ee KOHKpCTHO, OAHa CTOpOHa 3arnaTHT xApyrofi CTOpOHe 4,HKCHpOBaHHbIH ripOICHT Ha KaKYIO-TO CYMMY H nO3IyqHT niinaT6 no riIaBaIoiIeM npogxeHTHoNi CTaBKe (o6blrHo H3
6a3HpyIONUC5Eic
116.
Ha
CTaBKC JI4BOP) OT Apyrofl
CTOpOHbI.
Ha3HaqeHHeM nponLeHTHoro cBoTia sIBjnscTcA yAyqILeHHe yripaBBeHHA pHCKOM CTaBKH H/HAH CHHxCeHHqs o6uEx 3aTpaT no 3aiNMy.
npouieHTHo1 117.
THnHnqHme xapaKTePHCTKHrnpoileHTHoro cBona BKmoqaioT:
(a)
BenHqHHa: oT 1 000 000 $ AO 500 000 000 $.
(b)
CPOK: OT OAHOrO [O llRTHaAitaTH ACT, HO o6bIMHO OT AByX AO nsrr
(c)
rIpHMeHeHHe: CBorbi Moryr 6bIm npHmeHeHbI
KaKx
ACT.
yXce CyLIeCTByiOLNM,
TaK H K HOBbI KpeCAHTaM.
(d)
KaqecTBo KpezMTa:
AiiA Toro, xTo6BI BaAioTHUI
CBon ITaI
I
BO3MoxeH,
Heo6xoAHMo HaHmHC 3HaHTeCAbHoiri pa3HHUbI B KaqccTBe Kpe.ANTa MecJy y,qCTByIOiiHMH CTOpOHaMH, wTO oTpaxcaeTCs B pa3HHLie 3aeMHoft npoueHTHoi4 CTaBKH B 0.75% H 6oJnee. (e)
118.
fljIaBaIoiiiasq/HiKcHpoBaHHasq CTaBKa: B CBone CTOpOHa, ylnnaqHBaiomasq npoLucHT no nriaBaxoIueN cTaBKC o6bixiHo 5IBJIsieTcS CTOpOHOMI c 6onee BbICOKHM pemTHHroM; OHa norivaeT dHKCH1OBaHHbi4 npouIIeHTHmi4 niaT6xc or cTopoHBm c MeHbIIHM KpoAHTHM peNTNHHOM.
[IpHMep
npoxeHTHoro CBoria 6aHK (MB) npeAviaraeT
HPHBeA6H
B IIpHAOXCHHH CBorl KopnopaLHH AiB
3.6.
Aim Toro, qTo6bi: (a) npeAocraBi4m AB 6onee AeIeBbIe cpeAcTBa Ha 7 .ier, qeM MexAyHapoAHbuii
ripolteHTHbIf4
33