OTC msika ndi chiopsezo banki ya kusakhulupirika chilengedwe zazikulu za citukuko

Msika OTC ndi gawo lofunikira zedi zochita za mabanki, makamaka pa mlingo zazikulu za citukuko. Komanso msika ndalama, ndi zovuta Mipikisano chinthu dongosolo umene pakutchulidwa cha ngozi insolvency sizovuta mkulu. Pamene simulating ndi kuphunzira malumikizanidwe cha kusakhulupirika zilipo mtengo mwadzina la chuma banki mu mchitidwe mayiko potaya Mwina kusakhulupirika ambiri amagwiritsa ntchito njira mphindi mbiri, amene amadziwika ngati njira kakatundu mtengo. Komanso zikhoza kugwiritsidwa ntchito ndi njira mosavuta pazipita (pazipita imabwera njira).

OTC msika ndi mbali yake, amaganiza kuti mtima wa Mwina pachaka mudziwe kusakhulupirika chofunika motere:

1. Chiwerengero cha mabanki malonda pa koyambirira kwa kalendala chaka nthawi chofunika;

2. Chiwerengero cha mabanki malonda, amene yodziwika ndi mfundo za kusakhulupirika, womwe liquidation wotsatira pa maziko a zochita za makhoti apamwamba pa liquidation wa banki zamalonda suspend kapena asinthe chiwembu chilolezo mogwirizana ndi liquidation wotsatira, komanso amaloledwa m'zimenezi kukhoti kuzindikira wa banki zinatha.

The mawerengedwe mu nthawi ya mitengo kusakhulupirika mabanki malonda T liri chiwerengero cha defaults, anagawa ndi nambala pazipita kusakhulupirika, ndi limanenedwa mfundo:

(Kodi {Deuteronomo-1)) / 2 _ Kodi (Kodi-l) P (Osati (NT-1)) / 2 "Osati (NT-1) P. 106L,

kumene: p2av - pachaka Mwina kusakhulupirika zilipo umodzi malonda banki. Pa nthawi yomweyo ife kuthetsa chikoka cha zinthu mkati ndi kunja kwa ntchito kwa dongosolo banki malonda ndi kuganizira okha amene amadza chinthu, kumene kumasonyeza chiwerengero cha mabanki, amene yodziwika ndi mfundo za kusakhulupirika; Dt- chiwerengero cha zinthu, zomwe apatsidwa udindo kusakhulupirika kwa anasankha nthawi T; NT - chiwerengero a mabanki zikugwira ntchito pa anasankha nthawi T; T - ndi imeneyi ya chaka chimodzi kalendala.

Mwina pachaka mfundo kusakhulupirika ayenera poyerekeza ndi osankhidwa magawo zazikulu mapangidwe (i.e., kuonetsanso ndi OTC msika kapena msika makampani sheya) kukhazikitsa kuli liniya mgwirizano ntchito. Kukhalapo ngati kudalira ndi adzasonyeza amanena pa kukhalapo lenileni la mgwirizano pakati pa kutseka kwa gombe malonda ndi kusintha zikuchitika mu sing'anga uyu, ndipo patapita nthawi, zochokera anamanga liniya mgwirizano aone kuti pali kulosera adzakhala kusintha anasankha zazikulu zizindikiro, insolvent hypothetically kusintha kuchuluka kwa mabanki malonda.

Mlingo wa malumikizanidwe pakati Mwina pachaka kusakhulupirika ndi zazikulu sing'anga amadziwika ndi malumikizanidwe koyefishienti, ngati mu osiyanasiyana wofanana kapena ku -1 kuti +1, n'zotheka kulankhula za liniya mgwirizano ubale pakati pa mizere iwiri ya deta apawokha.

chilengedwe zazikulu za citukuko, States akhoza yodziwika ndi nambala wopandamalire la magawo, koma tsopano ndife chidwi okhawo liniya mgwirizano kudalira Mwina pachaka kusakhulupirika, tingathe kutsimikizira kuti chiyero cha zimenezo. Tikumbukenso kuti ambiri mwa zizindikiro zachuma amakhala ndi malumikizanidwe ubwenzi ndi Mwina pachaka kusakhulupirika Komabe, msika OTC lakonzedwa mu njira yakuti ubwenzi woterewu ndi osokonekera, ndi kukhalapo wake ndi zotengera malingaliridwe.

kusanthula Izi zikusonyeza kuti pa muyeso umenewu monga Mwina pachaka kusakhulupirika ndi chilengedwe zazikulu za citukuko, pali bwino anafotokoza causal ubwenzi. Choncho, kutsekedwa a mabanki malonda chifukwa cha kuchepa nkhokwe kuwombola yachilendo, anaikidwa ndi mabungwe ngongole m'mayiko ena, omwe zoipa zokhudza malo ndalama ndipo amatsogolera ndi kuwonjezeka mu kukula ngongole ukonde zoweta boma.