EXC3613 Risk Management with derivatives Geir Høidal Bjønnes geir.bjonnes@bi.no 1 Introduction • Learning objectives: 1. 2. 3. 4. What is a derivative? What is the role of Derivatives and Derivatives Markets Firms’ risk exposures Hedging price risk with derivatives • McDonald: Chapter 1 2 Example • Consider a farmer that grows wheat and is expecting to yield 10‚000 bushels of crop in 3 months. He is afraid that the price of wheat might drop at the period
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My body temperature was rising up‚ I felt claustrophobic being trapped inside a plane on the way back home. My sore throat must have been infected for me to get a fever at that moment. I think almost everyone could hear me coughing from my seat so I tried to cough as softly as possible. I took a fever pill and went to sleep. Before I knew it‚ I’ve already touched down at KLIA. My fever was gone and I felt better. We had dinner that included food like grilled chicken and fried calamari. It certainly
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Australian Journal of Business and Management Research Vol.2 No.02 [31-38] | May-2012 CREDIT RISK AND COMMERCIAL BANKS’ PERFORMANCE IN NIGERIA: A PANEL MODEL APPROACH KOLAPO‚ T. Funso (Corresponding Author) Department of Banking and Finance‚ Faculty of Management Sciences Ekiti State University‚ Ado-Ekiti‚ Nigeria. realvega1959@yahoo.com AYENI‚ R. Kolade (Ph.D) Department of Economics‚ Faculty of Social Sciences Ekiti State University‚ Ado Ekiti‚ Ekiti State‚ Nigeria. raphkolayeni@yahoo
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regarding the Case Mobil USM&R. Please answer these questions (per team) and hand in your answers coming Wednesday before 20.00h. 1. In the midst of the major reorganization and new strategic directions at USM&R‚ why did Bob McCool initiate yet another initiative‚ the Balanced Scorecard project? 2. Comment on the scorecard development process. What elements seem critical to the success of a Balanced Scorecard project? 3. How is the scorecard being used at USM&R? Is it a performance measurement
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Catheter-associated Urinary Tract Infections (CAUTI). A urinary tract infection (UTI) is an infection involving any part of the urinary system‚ including urethra‚ bladder‚ ureters‚ and kidney. UTIs are the most common type of healthcare-associated infection reported to the National Healthcare Safety Network (NHSN)(https://www.cdc.gov/nhsn/index.html) .Among UTIs acquired in the hospital‚ approximately 75% are associated with a urinary catheter‚ which is a tube inserted into the bladder through
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on safe infection control techniques using ADPIE (Assessment‚ Diagnosis‚ Planning‚ Implementation‚ Evaluation) These will be written up to demonstrate the links between practice and the supporting theory. Direct observation (2): Infection control. Assessment Hand washing is extremely important in clinical areas‚ as it reduces the risk of infections. Infections are caused by organisms which invade the host’s defence mechanisms. Effective hand washing can reduce the risk of infections occurring
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Running Head: REDUCING SPREAD OF INFECTION Reducing Spread of Infection with Use of Alcohol-Based Products vs. Hand Washing: An Evidence Based Practice Megan K. Furnish Thomas Jefferson University Introduction Have you ever ate something without washing your hands or been next to someone who sneezed? If you have then you’ve been exposed to millions of germs. The world is full of microorganisms‚ such as bacteria and viruses which can make people sick. Simple activities‚ like breathing
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Risk Taking: A Corporate Governance Perspective ACKNOWLEDGEMENTS The genesis of this book lies in the teaching materials prepared for IFC’s Risk Governance Workshops conducted in 20 developing countries during the 2010–2012 time period by the book’s authors. The book and workshops also benefited from the contributions of Torben Andersen of Copenhagen Business School and Zur Shapira of New York University’s Stern School of Business. The contents of the book reflect this team’s years of risk
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the context of a portfolio‚ the risk of an asset is divided into two parts: diversifiable risk (unsystematic risk) and market risk (systematic risk). Diversifiable risk arises from company-specific factors and hence can be washed away through diversification. Market risk stems from general market movements and hence cannot be diversified away. For a diversified investor what matters is the market risk and not the diversifiable risk. (4)In general‚ investors are risk-averse. So‚ they want to be compensated
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US/EUR 1‚264669 € Currency Annual % 7-month % Expected Value EUR 1% 0‚58% 100‚5850 US 3% 1‚75% 127‚2067 US/EUR 1‚264668 C: The graphically position of the forward in the case of fully eliminating exchange rate risk. The company CR7 expects a depreciation of the euro therefore‚ CR7 should take a short position in euros. The spot price of the euro can fluctuate‚ thereby there margin account in US dollars will gain or lose 1‚75% over the period (7-months).
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