Dec '2021


The IUP Journal of Financial Risk Management

ISSN: 0972-916X

A 'peer reviewed' journal indexed on Cabell's Directory, and also distributed by EBSCO and Proquest Database

It is a quarterly journal that focuses on identifying Financial risk in Capital/Debt/Forex markets and their management models; Derivatives as Price Discovery Tools and Hedging devices; Hedging techniques; Asset-liability management; Organizational culture, Risk-bearing capacity and Leadership role in management of risk. The journal provides a platform for cutting-edge research in the field of financial risk management.

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Focus Areas
  • Identifying Financial Risk
  • Risk Management Models
  • Accounting for Derivatives
  • Risk-Hedging Techniques
  • Asset Liability Management
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Article   Price (₹) Buy
Trade Settlement Failures in the US Bond Markets
50
The Relationship Between Derivatives Market and Financial Market Development: Innovation Accounting Analysis
50
Factors Influencing the Selection of Life Insurance Service Provider: A Comparative Study of Public and Private Sector Life Insurance Companies
50
Contents : (Dec '21)

Trade Settlement Failures in the US Bond Markets
Susanne Trimbath

In the original study, initiated in 2007 and published 10 years ago (Trimbath, 2011), we estimated the total value of trade settlement failures in the US bond markets at about $600 bn (as of April 2008), a fail rate of nearly 9%. The fail rate dropped to an average of 5.7% in 2020, although the peak was over 12% (March 18, 2020) with a value of $866 bn-a 44% increase in value from the April 2008 figure (10.5% in real dollar terms). While the total value of government debt issued increased, only 2.2% of the increase in settlement fails can be attributed to increases in total government debt. In the 2011 paper, we debunked reasons commonly given by market participants and accepted by regulators for trade settlement failures. In this update, we delve into the "how" of settlement failures and explain the way that payments in lieu of interest could be distributed by brokers that "failed-to-receive" bonds at settlement for their customers. We also provide an update on systemic regulatory issues. In this regard, we find it necessary to introduce a discussion that goes beyond the US: the passage and implementation of a settlement discipline regime in the European Union.


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Article Price : ? 50

The Relationship Between Derivatives Market and Financial Market Development: Innovation Accounting Analysis
Anu K M

The paper examines the relationship between derivatives market and financial market development. The derivatives market development was assessed through the role of spot market, capital market, financial intermediaries and financial deepening. Variance decomposition was used to assess the relationship between financial market indicators and derivatives market, and impulse response analysis was also employed in the study. The required data were collected from April 1998 to March 2021. The study reveals that capital market growth influences derivatives. The result of the impulse response analysis shows that derivatives do not influence capital market growth; rather, it is the other way around. Financial deepening creates a platform for the creation of new derivative products and calls for more risk management techniques.


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Article Price : ? 50

Factors Influencing the Selection of Life Insurance Service Provider: A Comparative Study of Public and Private Sector Life Insurance Companies
Santhosh C H

India's economic development depends upon the growth and stability of its financial system. The insurance sector is one of the major players in the financial system of the country. It has progressively developed in different phases since nationalization of the industry till the recent reforms of allowing private and foreign investment. There have been numerous risks of uncertainties since then, which are both structural and cyclical in nature and led to a consequential rise in stress among the people. Life insurance policy not only provides risk coverage but also delivers useful benefits and insurance companies provide a very large variety of products and policies that are well customized based on the needs of different customers. Due to the rise in competition, a majority of insurance service providers today provide better service quality to the policyholders, leading to non-price competition in the sector. The current study analyzes the level of awareness and satisfaction among the insured customers about life insurance policies and the policies of public and private insurance companies. Further, it analyzes the attributes responsible and the preference of customer for either private or public insurance companies. The statistical techniques used for the analysis of primary data in the study include student t-test and correlation. The major reasons for taking policies and response of customers were also analyzed.


© 2021 IUP. All Rights Reserved.

Article Price : ? 50