Giải pháp quản lý rủi ro lãi suất trong hoạt động kinh doanh tại Ngân hàng Thương mại Cổ phần Á Châu

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Giải pháp quản lý rủi ro lãi suất trong hoạt động kinh doanh tại Ngân hàng Thương mại Cổ phần Á Châu

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2!3∃∋45#∋(#)∗+,− 67#8∗1∃!%9#:1∋(#)∗+,,#;∃9<#=>,#;∃=1?,≅4∃9!45,ΑΒ∃9Χ#∃!∆41∃! /01∃93∃!>∃96 Ε1#,≅Φ/01∋(#)∗+,,≅4∃9∃;∃Χ#∃!,Γ,!Η,≅Ιϑ∃96 %45067./01∗23%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8 − !∀#∃#%&≅0#≅4∋(#)∗+,Ε −−9∗?Κ∃∃!3∃∆Λ∃ΑΓ∃≅0#≅4∋(#)∗+,Μ −2∀∃!9#∀≅0#≅4∋(#)∗+,Ν −6∀/ΑΒ∃9/01≅0#≅4∋(#)∗+,Α7#=Ο#!45,ΑΒ∃9Χ#∃!∆41∃!/01Ε %9∗:∋.;65067./01∗23<;∋(=>+?5+,0≅?∋Α∋(?+7=0≅∗)∗:)∗:∋.;65067 ./01∗23367∋(=7Β3Χ∆∋(Ε0∋=Φ7+∋=?5+?Γ?%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Η 2 !∀#∃#%&8∗.∃∋Π≅0#≅4∋(#)∗+,Μ 2−∀/∃!3∃,7.∃!!ΙΘ∃9ΑΓ∃8∗.∃∋Π≅0#≅4∋(#)∗+,,5#/∀/Ρ 2−≅Σ∃!ΑΒ/Τ∃9∃9!%Υ∃ς∃9∋Ω//∀∃ΞΒ/!∗?Κ∃&Τ∃Ρ 2−−Τ#,≅Ιϑ∃9Ψ!∀Ψ∋Π=>)ΩΨ!∀,,≅#Ζ∃/01,!Η,≅Ιϑ∃9,>#/![∃!Ν 22∴∃9!]1/01=#%/∃3∃9/14!#%∗8∗.8∗.∃∋Π≅0#≅4∋(#)∗+,,≅4∃9!45,ΑΒ∃9 Χ#∃!∆41∃!/01/∀/Ν %Ι∆31ϑΕ0∋=∋(=0≅Κ,−)∗:∋.;65067./01∗233Β0?Γ??=0∋=Γ∋=∋(Α∋=Λ∋( ∋ΜΝ?∋(7Λ03Β00≅3+Κ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%4Ο 65#/!#∃!∀∃!93∃!>∃9⊥Υ#%,1&−_ 6−5#/!#∃!∀∃!93∃!>∃91∋?4∃Υ![#∃!− #ΠΘ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%4Ι 4Ρ!Σ  !∀#!Τ∃%%%%%%%%%%%%%%%48 4%∗Γ36Υ∋==Υ∋=3=Λ∋=,Λς=Γ3360Ω∋?5+(Α∋=Λ∋(Τ∃=Α∗%%%%%%%%%%%48 −⊥Ω!Σ∃!,!>∃!=>Ψ!∀,,≅#Ζ∃−Ε −− Γ,8∗.!45,ΑΒ∃9Χ#∃!∆41∃!/0193∃!>∃9!3∗α9#1#Α45∃ −__Μβ−_χ−Ρ 4%4=Ξ?36Β∋(,−)∗:∋.;65067./01∗23367∋(=7Β3Χ∆∋(Ε0∋=Φ7+∋=3Β0(Α∋ =Λ∋(Τ∃=Α∗%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%99 −−Σ∃!!Σ∃!Ξ#Γ∃ΑΒ∃9∋(#)∗+,,δ∃ς&−__ΜΑΓ∃∃ς&−_22 −−−!Ω/,≅5∃9=;8∗.∃∋Π≅0#≅4∋(#)∗+,,≅4∃9!45,ΑΒ∃9Χ#∃!∆41∃!,5#93∃ !>∃9!3∗6− −−−ε/!φ/,!Ω/!#%∃8∗.∃∋Π≅0#≅4∋(#)∗+,,5#93∃!>∃9!3∗6− −−−−∀∃!9#∀≅0#≅4∋(#)∗+,,5#93∃!>∃9!3∗6Ε 4%9=Ψ∋Ζ[3ΧΓ∋=(0Γ,−)∗:∋.;65067./01∗23367∋(=7Β3Χ∆∋(Ε0∋=Φ7+∋=3Β0 (Α∋=Λ∋(Τ∃=Α∗%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8Ο −2∀/&γ,Α(∋>&ΑΙη/Ε_ −2−!:∃9!5∃/!Γι∃9∗?Κ∃∃!3∃,∃,5#/01=#%/8∗.∃∋Π≅0#≅4∋(#)∗+,,≅4∃9 !45,ΑΒ∃9Χ#∃!∆41∃!,5#93∃!>∃9!3∗Ε −2−5∃/!Γ=;/![∃!)∀/!8∗.∃∋Π≅0#≅4∋(#)∗+,Ε −2−−5∃/!Γ=;Ψ!Ιϕ∃9Ψ!∀ΨΑ4∋Ιϑ∃9≅0#≅4∋(#)∗+,Ε− −2−25∃/!Γ=;/Τ∃9,∀/κλλ,!Η,≅Ιϑ∃9ΥΧ#Ζ&,≅1ΥΧ#Ζ&)4∀,λλ⊥Ε− −2−65∃/!Γ=;/Τ∃9∃9!%Ε2 −2−Ε#%/∀Ψ∆µ∃9/∀//Τ∃9/µΨ!∀#)#∃!/!ν/!ο∃≅0#≅4∋(#)∗+,,5#,!Η ,≅Ιϑ∃9#%,1&Ε6 −2−π∀/∃9∗?Κ∃∃!3∃Χ!∀/!8∗1∃,∀/ΑΒ∃9ΑΓ∃=#%/8∗.∃∋Π≅0#≅4∋(#)∗+, ,≅4∃9!45,ΑΒ∃9Χ#∃!∆41∃!,5#93∃!>∃9!3∗ΕΕ #ΠΘ4%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8Η 9 Τ∃Τ   !∀#!∃%8∴ 9%∀]∋==ΜΝ∋(ς=Γ3360Ω∋?5+(Α∋=Λ∋(Τ∃=Α∗Χ⊥∋∋_Κ4Ο8%%%%%%%%8∴ 2Η∃!!ΙΟ∃9Ψ!∀,,≅#Ζ∃/!∗∃9ΕΡ 2−Η∃!!ΙΟ∃9=;∃3∃9/14!#%∗8∗.8∗.∃∋Π≅0#≅4∋(#)∗+,,≅4∃9!45,ΑΒ∃9 Χ#∃!∆41∃!,5#93∃!>∃9!3∗ΕΝ 9%4Γ?(0:0ς=Γς∋Α∋(?+7=0≅∗)∗:)∗:∋.;65067./01∗23367∋(=7Β3Χ∆∋( Ε0∋=Φ7+∋=3Β0(Α∋=Λ∋(Τ∃=Α∗%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8 2−!θ&9#.#Ψ!∀ΨΨ!Φ∃9/!7∃9≅0#≅4∋(#)∗+,,≅4∃9!45,ΑΒ∃9Χ#∃!∆41∃!,5# 93∃!>∃9!3∗ΕΝ 2−ρ3?∆Ω∃9Υ!4>∃,!#%∃/![∃!)∀/!8∗.∃∋Π≅0#≅4∋(#)∗+,ΕΝ 2−−4>∃,!#%∃8∗#,≅Σ∃!8∗.∃∋Π≅0#≅4∋(#)∗+,πΕ 2−−!θ&9#.#Ψ!∀Ψ!5∃/!Γ≅0#≅4∋(#)∗+,,≅4∃9!45,ΑΒ∃9Χ#∃!∆41∃!,5#93∃ !>∃9!3∗πΜ 2−−⊥<∆µ∃9/∀//Τ∃9/µΨ!∀#)#∃!ΑΖ/!ν/!ο∃≅0#≅4∋(#)∗+,πΜ 2−−−#%∃Α5#!θ1/Τ∃9∃9!%∃93∃!>∃9Μ 2−−2ς∃9/Ιϑ∃9Χ!.∃ς∃9∆ΩΞ∀4Ξ#Γ∃ΑΒ∃9/01∋(#)∗+,,5##%,1&/σ∃9 ∃!Ι,≅Κ∃,!Γ9#Ο#=>Α>4,54ΑΒ#∃9σ/∀∃ΞΒ8∗.∃∋Π≅0#≅4∋(#)∗+,Μ 9%9Γ?Ε0⊥∋∋(=],Ν0(Α∋=Λ∋(=Λ∋ΜΝ?,Λ=α∋=Τ=5%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Η9 22∀/Χ#Γ∃∃9!Η=Ο#93∃!>∃9!>∃ΙΟ/Μ2 22>∃!&5∃!!θ1,!Η,≅Ιϑ∃9,>#/![∃!#%,1&Υ=τ∃!>∃!,!ν4/ϕ/!Γ,!Η ,≅Ιϑ∃9Μ2 22−54!>∃!∋1∃9Ψ!∀Ψ∋ΠΑΖΨ!∀,,≅#Ζ∃/∀//Τ∃9/µΨ!∀#)#∃!,5#,!Η,≅Ιϑ∃9 ,>#/![∃!#%,1&Μ6 2224>∃,!#%∃/∀/Α#;∗Χ#%∃/υ∃,!#Γ,ΑΖ/θ&Β,/ϕ/!ΓΧ#Ζ&)4∀,∋(#)∗+, /θ!#%∗8∗.ΜΕ 2264>∃,!#%∃Χ!∗∃9Ψ!∀Ψ∋Π=>/∀/8∗#ΑΗ∃!=;Α4∋Ιϑ∃9=>8∗.∃∋Π≅0#≅4 ∋(#)∗+,/01/∀/ΜΕ 22Ε∗∃9/+Ψ/!4/∀//∀/,!Τ∃9∋%/!∗ϖ∃&Ω/8∗.∃∋Π≅0#≅4∋(# )∗+,Υ!ω,≅η/∀/,≅4∃9=#%/Α>4,54/∀∃ΞΒ∃9!#%Ψ=µΜπ 22π!#Γ,∋τΨΑ5#∋Π∆ΩΑ4∀∃/∀//!ξ)7,>#/![∃!Μπ 22−∀/Χ#Γ∃∃9!Η=Ο#![∃!!0ΜΜ #ΠΘ9%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%ΗΗ #ΠΘ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Η∴ # %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%∴Ο β∀ Τ#ψ#∃/1&Α41∃∋∗τ∃=ς∃,!5/)]Χ#∃!,Γ  !∀#!∃∋>/Τ∃9,≅Σ∃!∃9!#Κ∃ /φ∗/01/∀∃!3∃,Τ#∀/)7∋#%∗,≅4∃9∋∗τ∃=ς∃∋>)7∋#%∗,≅∗∃9,!Ω/ %&∋!( )∗+,−.∗/. ∀/9#. 9∗?ζ∃!Η[/!9{/ ∃χΠδ  |93∃!>∃9!3∗ 1∃Χ |93∃!>∃9∃Σ∃!  |Β#Α∃98∗.∃∋Π,>#).∃∃η}/θ  |∀4/∀4,>#/![∃!  |1∃9#∀&Α7/  |1∃Α#;∗!>∃!  |1∃∋(∃!Α54 ι |!#∃!∀∃!ι!Φ∃99#14∆Η/! ⊥ |![∃!)∀/!,#;∃,%  |Ω,≅:Ξο,Ξ∗Β/ ∼ψ#&Ξ1∃Χ |93∃!>∃9ρ∗+,!τΨ !ϖ∗#%,1& λ |ηΨΑ∃9Χ!5∃∋(#)∗+, 1∃Χ |93∃!>∃9υ∗ ![4>∃υ∗ κ |Β#Α∃98∗.∃,≅Η ⊥ |93∃!>∃9⊥α#%,1&χ λ⊥ |ηΨΑ∃9!4∀∃Αε#∋(#)∗+, (#)∗+, |(#)∗+,8∗1ΑΚ&  |!∗∃!τΨ∋(#≅Φ∃9/τ∃Ξ#Κ∃  |93∃!>∃9,!Ιϕ∃9&5#  |93∃!>∃9,!Ιϕ∃9&5#/εΨ!υ∃  |93∃!>∃9,!Ιϕ∃9&5##%,1&  |93∃!>∃9!>∃ΙΟ/  |!Η,≅Ιϑ∃9&Θ Ψ,#4∃) |ηΨΑ∃98∗?;∃/!{∃∋(#)∗+,  |!Η,≅Ιϑ∃9Ψ!#,τΨ,≅∗∃9 ι |(#=>∋ω κλλ⊥ |κ∗.∃∋Π≅0#≅4∋(#)∗+, κλλ⊥ |κ∗.∃,≅Η≅0#≅4∋(#)∗+, κλλ |κ∗.∃,≅Η≅0#≅4 λ | !ν!Θ∃!5?/.&∋(#)∗+, λλ⊥ |λ0#≅4∋(#)∗+, ⊥ |93∃!>∃9⊥,1∃∆1≅∆!1≅,ν≅∆ ⊥1/4&Ξ1∃Χ |93∃!>∃9⊥>#Φ∃!Ιϕ∃9[∃ ⊥ν1Ξ1∃Χ |93∃!>∃9Τ∃91& ⊥ |93∃!>∃9⊥>#Φ∃β>Β# Ψ |!>∃!Ψ!7![#∃! ⊥ |>#).∃/θ ⊥ |>#).∃∃η  |ε/!φ/,[∃∆µ∃9 ν/!/4&Ξ1∃Χ |93∃!>∃9 !Ιϕ∃9#%,1& #ν∃Ψ!4∃9Ξ1∃Χ |93∃!>∃9#Κ∃!4∃9 1λ |!Ιϕ∃9Ψ!∀Ψ9#∀,≅Η/θ,!Ζ,ε∃,!+, λ |(#)∗+,ΞΣ∃!8∗3∃,≅Κ∃,!Η,≅Ιϑ∃9∋#Κ∃∃93∃!>∃9 1∃Χ |93∃!>∃9κ∗7/Γ#%,1& 1∃Χ |93∃!>∃9#%,1&!Η∃!Ιη∃9  |93∃!>∃9945#!Ιϕ∃9#%,1&  |#%,1& ∃ε εφ 6+∋( .∃9−| Γ,8∗.!45,ΑΒ∃9Χ#∃!∆41∃!/01τΨΑ4>∃,δ∃ς&−__Μ}−_−Ρ .∃9−−| !.∃ς∃9)#∃!∋ϑ#/01τΨΑ4>∃,δ∃ς&−__Μ}−_2− .∃9−2| ∋%Χ!.∃ς∃9/!#,≅.∃9>?Ξ∀4/∀4,!ν48∗?ΑΗ∃!,!ϑ#Α#Ζ& 2−−_2− .∃9−6| (#)∗+,,#Γ,Χ#%&/01&Β,)7,≅4∃9,!∀∃9−−__Ν 2Μ .∃9−Ε|#ζ∃Ξ#Γ∃∋(#)∗+,Α#;∗!>∃!∃ς&−__2Ν .∃9−π|(#)∗+,!∗?ΑΒ∃9&Β,)7Χ!5∃,5#&Β,)7,!ϑ#Α#Ζ&∃ς&−__ 6 .∃9−Μ|(#)∗+,!∗?ΑΒ∃9Χ!5∃,!∀∃9ΞΣ∃!8∗3∃,!Η,≅Ιϑ∃9∃ς&−_6 .∃9−Ρ|λ0#≅4∋(#)∗+,∀4/∀4Χ!ν!Θ∃!5?/.&∋(#)∗+,/01τΨΑ4>∃,5# ∃9>?2−−__6π .∃9−Ν|λ0#≅4∋(#)∗+,∀4/∀4Χ!ν!Θ∃!5?/.&∋(#)∗+,/01τΨΑ4>∃,5# ∃9>?2−−_6Μ .∃9−_|!7∃9ΧΚ∋(#)∗+,!∗?ΑΒ∃9,!Ω//∀/Χ!5∃∃ς&−__,5#6Ρ .∃9−|!7∃9ΧΚ∋(#)∗+,!∗?ΑΒ∃9,!Ω//∀/Χ!5∃∃ς&−_,5#6Ν .∃9−−|7/ΑΒ,ς∃9/01,!∗∃!τΨ∋(#ι/!#Ψ![∋(#∃ς&−__β−_,5#6Ν .∃9−2|∋%,!∗∃!τΨ∋(#,!∗υ∃ε∃9,!∗∃!τΨ,δ∋(#∃ς&−__β−_,5# Ε_ ∃εφ∀γ ≅1∃9 #Ζ∗Α|λ0#≅4Χ!#∋(#)∗+,,!Η,≅Ιϑ∃9,ς∃9π #Ζ∗Α−|λ0#≅4Χ!#∋(#)∗+,,!Η,≅Ιϑ∃99#.&Μ #Ζ∗Α−|ε∃9=7∃!∗?ΑΒ∃9!ηΨ∃!+,−Ν #Ζ∗Α−−|ε∃9∆Ι∃η/!4=1?!ηΨ∃!+,−Ν #Ζ∗Α−2|ε∃9,>#).∃!ηΨ∃!+,2_ #Ζ∗Α−6|η#∃!∗τ∃,≅ΙΟ/,!∗Γ!ηΨ∃!+,2_ #Ζ∗Α−Ε|⊥Ω,!1?Αε#/01∋(#)∗+,!∗?ΑΒ∃9=>/!4=1?,≅4∃9∃ς&−__Μ26 #Ζ∗Α−π|∀/∋(#)∗+,/ϕΞ.∃,δ∃ς&−__Μ}−_2π #Ζ∗Α−Μ|(#)∗+,λΧ!5∃Υ_ι_2,!∀∃9,δ∃ς&−__Μ}−_2Ρ

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