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Economic Analysis: Theory and Practice
 

Bonds selection criteria for commercial bank investment portfolio

Vol. 13, Iss. 23, JUNE 2014

Available online: 15 June 2014

Subject Heading: INVESTING

JEL Classification: 

Pages: 54-68

Baibekov I.R. Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation
ildar1106@yandex.ru

The article deals with general approaches of commercial banks to a structure of investment portfolios formed by the banks in stock market. The author concludes that bonds are to be considered by commercial banks as a basis of their investment portfolios among all types of the financial instruments circulating on the Moscow Exchange, first. And second, commercial banks when forming bond portfolios should use the following criteria: the time till bonds retirement, possibility of bonds acquisition at the time of an investment portfolio formation, bonds profitability, possibility of refinancing against bonds loan, credit quality of the bonds issuer.

Keywords: securities market, financial instrument, profitability, risk, liquidity, term, bonds retirement, repo transaction

References:

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