Value at risk

INTRODUCTION The term Junk Food appears in 1980, it refer to a bad food on the diet plan in particular because of its low nutritional value and high fat or sugar. Symbolized by fast food at first, the definition of fast food has been extended to a broader criticism denoncing also the productivist and the consumer society. With Fast food and the import of the American model in Europe, the expression " to eat of the shit " is not any more a metaphor but a sad reality, because the grave food poisonings

banking M&A transactions are at the centre of attention throughout the world. The changes to the banking business model we are witnessing today will boost the M&A process in the banking industry. In the course ofthe iggos, mergers and acquisitions in the globalfinancialsector (banks, insurance companies, investment companies) have increased substantially. Their number has multiplied by 5 and the total volume of such transactions has risen ii-fold\ During this period, the value of banking M&A represented

standards that enable a better apprehension of credit and counterparty risk. This mark stands as the main criterion in the estimation of the risk that an investment involves. Taking it into account is compulsory for institutional borrowers like pension funds or territorial collectivities. Rating has several advantages: as far as the investors are concerned, they are provided an independent measurement of the relative credit risk. For the company, it is a way to put itself forward. For both of them

portfolios Market-leading integrated payment transaction systems House bank for the institutional housing sector Integrated mass payment transaction systems Accounts of the integrated payment transaction system 6 Q1 2010 results at a glance Q1 2010 results at a glance: In line with 2010-guidance Q1 2010 Euro mn Net interest income Allowance for credit losses Net commission income Net trading result Administrative expenses Operating profit 117 32 30 6 91 30 115 35 39 3 83 23 11.02) 112 36

specification and measurement problems. We conclude that, most likely, an equilibrium model which is not an Arrow-Debreu economy will be the one that Simultaneously rationalizes both historically observed large average equity return and the small average risk-free return. 1. Introduction H i s t o r i c a l l y the average r e t u r n o n equity has far exceeded the average r e t u r n o n s h o r t - t e r m virtually default-free debt. Over the n i n e t y - y e a r p e r i o d 1889-1978 the a v e

monopoly of fixed telephony and Internet in Algeria. At time when competition in mobile telephony becomes greater, Algeria Telecom was part of a policy of continuous improvement of its operating system in order to ensure better quality services to its customers. This internship was done in a period of 30 days where we studied the queues of customers at the ACTEL Aisset Idir. During the early days we looked at the various company departments, then, at the ACTEL, we carried out the collection and data

Introduction Théorie moderne du portefeuille Le CAPM La méthode APT Finance comportementale Le ratio de Sharpe Le ratio de Treynor L'alpha de Jensen La volatilité et l'écart-type La covariance et la variance La corrélation Le Beta La VAR (value at risk) Gestion active et passive Gestion traditionnelle et alternative Exemples de gestion traditionnelle Stratégies de gestion alternative La formule de kelly Les différents aspects de la gestion de portefeuille sont abordés dans cette rubrique

relationships are to be managed in the same way. In general, purchasing portfolio models aim at developing differentiated purchasing and supplier strategies. Kraljic (1983) introduced the first comprehensive portfolio approach for purchasing and supply management. Kraljic’s approach includes the construction of a portfolio matrix that classifies products on the basis of two dimensions: profit impact and supply risk (‘low’ and ‘high’). The result is a 2 Â 2 matrix and a classification in four categories:

[3], electroplating (8%) [3], chemicals (5%) [3] and batteries. Although nickel is largely present on earth, at the 5th position in term of abundancy, the mineable resources are limited. The production is concentrated today in several country: Russia, France through Neo-Caledonia, Canada, Australia, Cuba. In 2007, the production of primary Nickel was 1.454.000tm [2], for a demand estimated at 1.32 million tonnes [1]. 6 major companies (NORILSK-22%-, CVRD/INCO-21%-, BHP-13%-, XSTRATA-11%-, JINCHUAN-9%-

Pia_a FMCG Regional Summit 7-9 May 2008, Eforie Nord Looking at Bulgaria: Modern retail vs. traditional retail; international channels vs. regional channels; the experience of a local retailer; the development strategy on a market invaded by large international retail groups. Stefan Kossev PICCADILLY TODAY • 11 stores • 1800 employees • 2007 Turnover Euro 110 million BULGARIA Vidin Dobrich Lovech Pernik Pazardjik Sandanski Population – 7.6 million. GDP – Euro