ANALISIS PENGGUNAAN CREDIT DEFAULT SWAP SEBAGAI INSTRUMEN YIELD ENHANCEMENT PADA BANK MANDIRI (PERSERO) TBK
| Main Authors: | , Nurdiansyah, , Prof. Dr. Sukmawati Sukamulja., MM. |
|---|---|
| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
|
| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/125475/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=65644 |
Daftar Isi:
- PT. Bank Mandiri (Persero) Tbk or known as Bank Mandiri is in a state of excess U.S. dollar liquidity caused by the rising of Third Party Funds (DPK). This excess liquidity condition occurs in a very liquid market conditions and trend of interest rates are likely to fall, thereby creating a negative outlook on banking book portfolio. For that banks look for yield enhancement product to reduce this negative carry in its cost of fund. This thesis examines how the Bank shall establish such criteria for placement in U.S. dollar instruments based on Credit Default Swap (CDS) as a yield enhancement product being considered. The purpose of this study was to analyze whether these criteria are sufficient to perform the placement decision based on the CDS instrument. From the analysis carried out concluded that Bank Mandiri has had adequate criterion consist of the non-financial and financial factors. Based on these criteria also concluded that based on regulation, Bank allows to conduct the transaction and have the capability to do so.