Bai' Al-Mu'ajjal of Gop Ijārah Ṣukūk : Liquidity Management Product of the State Bank of Pakistan , Introduced Vide SBP , DMMD Circular No. 17 Oct. 15 , 2014

2015 ◽  
Vol 5 (2) ◽  
pp. 181-194
Keyword(s):  
The State ◽  
Liquidity Management

scholarly journals Keputusan Investasi Perbankan Nasional Pada Sukuk International Islamic Liquidity Management (IILM)

2018 ◽  
Vol 5 (1) ◽  
pp. 43-55
Author(s):  
Nadia Iffatul Ulya ◽  
Rifki Ismal
Keyword(s):  
Quantitative Method ◽  
Investment Decision ◽  
Investment Decisions ◽  
The State ◽  
High Index ◽  
Liquidity Management ◽  
High Category ◽  
Preference Index ◽  
Index Investment ◽  
Selection Of

This study aims to analyze the investment decision of banks and measures their investment preferences in IILM sukuk with IILM sukuk preference index. The investment decision is investigated from several factors, such as the structure of IILM sukuk, the currency used in the transaction IILM sukuk, tenors of IILM sukuk,covenants used in the transaction, marketability of IILM sukuk and IILM sukuk rating. This study also attempts to inform the features that can attract banks to invest in IILM sukuk. This study used quantitative method to calculate the index of banking investment decision on IILM sukuk. The result of this research explains that the index of banking investment decisions includes in the high category. The index investment decisions show a high index, but up to now banks have not invested in IILM sukuk. This needs in-depth education and socialization to banks related to IILM sukuk, and providing periodic information is really essential, so banks can get the latest information about IILM sukuk. Another factor that restrictsbank investment in sukuk IILM is internal bank policies. Until now, banks still manage their funds by using investment instruments issued by the state or domestic sukuk. The recommendations for sukuk is related to IILM first appointment of primary dealers, and the institutions are expected to appoint IILM primary dealers located in Indonesia in order to facilitate buying and selling transactions of IILM sukuk. Furthermore, the selection of IILM tenor sukuk is expected to have miraculous tenor selection to meet the needs of banks. Further provision of rating is expected to not only IILM sukuk but also the standardized IILM institution to create more reliable institutions that are able to add the investors.

scholarly journals KEPUTUSAN INVESTASI PERBANKAN NASIONAL PADA SUKUK INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT (IILM)

2018 ◽  
Vol 5 (1) ◽  
pp. 43-55
Author(s):  
Nadia Iffatul Ulya ◽  
Rifki Ismal2
Keyword(s):  
Quantitative Method ◽  
Investment Decision ◽  
Investment Decisions ◽  
The State ◽  
High Index ◽  
Liquidity Management ◽  
High Category ◽  
Preference Index ◽  
Index Investment ◽  
Selection Of

This study aims to analyze the investment decision of banks and measures their investment preferences in IILM sukuk with IILM sukuk preference index. The investment decision is investigated from several factors, such as the structure of IILM sukuk, the currency used in the transaction IILM sukuk, tenors of IILM sukuk, covenants used in the transaction, marketability of IILM sukuk and IILM sukuk rating. This study also attempts to inform the features that can attract banks to invest in IILM sukuk. This study used quantitative method to calculate the index of banking investment decision on IILM sukuk. The result of this research explains that the index of banking investment decisions includes in the high category. The index investment decisions show a high index, but up to now banks have not invested in IILM sukuk. This needs in-depth education and socialization to banks related to IILM sukuk, and providing periodic information is really essential, so banks can get the latest information about IILM sukuk. Another factor that restricts bank investment in sukuk IILM is internal bank policies. Until now, banks still manage their funds by using investment instruments issued by the state or domestic sukuk. The recommendations for sukuk is related to IILM first appointment of primary dealers, and the institutions are expected to appoint IILM primary dealers located in Indonesia in order to facilitate buying and selling transactions of IILM sukuk. Furthermore, the selection of IILM tenor sukuk is expected to have miraculous tenor selection to meet the needs of banks. Further provision of rating is expected to not only IILM sukuk but also the standardized IILM institution to create more reliable institutions that are able to add the investors.

scholarly journals THE COMPANY‘S LIQUIDITY AS INSTRUMENT FOR VALUE CREATION OF THE COMPANY / ĮMONĖS FINANSINIS LIKVIDUMAS KAIP PRIEMONĖ ĮMONĖS VERTEI DIDINTI

2016 ◽  
Vol 8 (2) ◽  
pp. 192-199
Author(s):  
Ieva Bartkauskaitė ◽  
Jelena Stankevičienė
Keyword(s):  
Value Creation ◽  
Financial Analysis ◽  
Economic Value ◽  
Value Added ◽  
The State ◽  
Economic Value Added ◽  
Working Capital ◽  
Liquidity Management ◽  
Practical Operation ◽  
Dupont Analysis

The liquidity indicators in the financial analysis are considered to be one of the most important parameters that characterise the state of the company. Since the liquidity is an integral part of the company’s value, the question is, whether it is possible to affect the company’s value by controlling the liquidity of the assets of the company, and to which variables the attention should be paid seeking to increase company‘s value. The model of the de-pendence of liquidity variables, according to the DuPont analysis and working capital, which affects the the value of the company EVA, is presented as well as the practical operation of the model and the conclusions. The results achieved by research are useful to the managers and shareholders of the company, evaluating the opportunity to increase the value of the company, searching for additional arguments for company’s liquidity management. Likvidumo rodikliai traktuojami kaip vieni iš svarbiausių įmonės finansinę būklę rodančių rodiklių. Likvidumas neatsiejamai veikia įmonės vertę. Svarbu nustatyti, kaip, kontroliuojant įmonės likvidumo rodiklius, teigiamai paveikti įmonės vertę ir identifikuoti esminius įmonės finansinio likvidumo veiksnius, kuriems reikėtų skirti daugiausiai dėmesio, siekiant maksimizuoti įmonės vertę. Straipsnyje pateikiamas išvestinis DuPont analizės modelis, pagal kurį vertinamas įmonės grynasis apyvartinis kapitalas ir pridėtinė ekonominė vertė (angl. Economic Value Added – EVA). Ši minėto modelio kintamųjų priklausomybės schema pagrindžia likvidumo poveikį galutinei įmonės vertei. Pateikiamas praktinis modelio veikimas bei išvados. Šis išvestinis DuPont analizės modelis, paremtas apyvartinio kapitalo ir EVA kintamaisiais – tai instrumentas, naudingas įmonės vadovams bei akcininkams, siekiant padidinti įmonės vertę valdant įmonės likvidumą, ieškant papildomų galimybių didinti įmonės likvidumą.

scholarly journals LIQUIDITY OF THE BANKING SYSTEM OF UKRAINE: MODERN STATE AND STRATEGIC REFERENCE POINTS OF MANAGEMENT

2017 ◽  
pp. 170-179 ◽  
Author(s):  
Vitalii Rudan
Keyword(s):  
Interest Rates ◽  
Economic Crisis ◽  
System Analysis ◽  
Banking System ◽  
Integrated Approach ◽  
The State ◽  
Reference Points ◽  
Liquidity Management ◽  
National Bank ◽  
Negative Factors

Introduction. The article deals with the approaches for the determination of the state of liquidity of the banking system of Ukraine after the change of the monetary regime. The main negative factors that influence the dynamics of liquidity of the domestic banking system are determined. Recommendations for improving the efficiency of banking liquidity management are proposed. They are determined with consideration of strategic guidelines for the development of the banking system of Ukraine. Purpose. The article aims to substantiate the integrated approach to assessing the current state of liquidity of the banking system and to identify problems and strategic guidelines for improving the efficiency of liquidity management and functioning of the banking system of Ukraine. Method (methodology). In this research we have used the following methods: system analysis methods (to evaluate the effectiveness of approaches to assessing the state of liquidity of the banking system of Ukraine); methods of analogy and comparison (to study the liquidity management of the banking system of Ukraine during the financial and economic crisis of 2008-2009 and the economic crisis in 2014-2017); statistical methods (to analyse the dynamics of liquidity indicators of the banking system and monetary indicators of the National Bank of Ukraine, the Federal Reserve System of the USA and the European Central Bank). Results. On the basis of a comprehensive analysis of the approaches to assessing the liquidity of the Ukrainian banking system, which is used by the National Bank of Ukraine, we have found a mistake in the approach. This mistake is based on the assessment of the net liquidity position of the banking system. The influence of negative factors on the liquidity of the banking system of Ukraine has been assessed with the help of correlation and regression analysis. Four strategic guidelines for increasing the efficiency of management of bank liquidity have been proposed. Among them we distinguish the reduction of interest rates for active and passive operations which can be provided in the conditions of creation of a broad corridor between overnight refinancing rates and overnight deposit certificates; the introduction of long-term targeted refinancing for state development programs; the improvement of the mechanism of compulsory redundancy; the improvement of the activity of state banks and the creation of development banks.

Practical Picture Processing

1974 ◽  
Vol 32 ◽  
pp. 338-339
Author(s):  
T. A. Welton
Keyword(s):  
Radiation Damage ◽  
Coherence Length ◽  
Spatial Information ◽  
State Of The Art ◽  
Coherent Radiation ◽  
The State ◽  
Energy Spread ◽  
Electron Micrograph ◽  
Picture Processing ◽  
Molecular Skeleton

Various authors have emphasized the spatial information resident in an electron micrograph taken with adequately coherent radiation. In view of the completion of at least one such instrument, this opportunity is taken to summarize the state of the art of processing such micrographs. We use the usual symbols for the aberration coefficients, and supplement these with £ and 6 for the transverse coherence length and the fractional energy spread respectively. He also assume a weak, biologically interesting sample, with principal interest lying in the molecular skeleton remaining after obvious hydrogen loss and other radiation damage has occurred.

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