Glossar
Scenario analysisA scenario analysis focuses on the material risks identified during the self-assessment and uses tree diagrams to provide a detailed description and analysis. In particular, risk indicators need to be taken into account, which facilitate the derivation of ideas for the active management of operational risks. |
Securities financeCovers all repo and securities lending transactions as well as securities lending substitute transactions with derivatives. Repos are repurchase agreements concluded as part of a repurchase agreement transaction (securities repurchase agreement). Under a repo, securities are sold and an agreement is reached at the same time to repurchase them on a fixed date at a price defined ex ante. In securities lending transactions, securities are loaned for a limited period of time in return for a fee. If necessary, the borrower furnishes collateral. |
Self-assessmentWithin the scope of the DekaBank Group’s scenario-based self-assessment, assessors regularly identify operational risks on a structured basis in the form of loss scenarios and, using interval estimates, assess the probability of those scenarios occurring as well as the amount of the loss. |
SensitivitiesSensitivities are ratios which reflect changes in market value in response to the change in an individual risk factor. |
Sensitivity-based Monte Carlo simulationMethod used to determine the value-at-risk. As part of this approach, the portfolio-related risk factors are simulated as random (stochastic) processes. The variations in the risk factors are assumed to be on the basis of normal distribution, although they also reflect historically observed correlations between risk factor changes. |
SME credit fundOpen-ended special fund with a focus on the SME credit asset class, which pools selected loans extended by savings banks to small and medium-sized companies. Units in the SME credit fund, whose legal form constitutes a sub-pool of assets of an investment plc, can exclusively be acquired by savings banks. The loan portfolio manager is Gesellschaft für Mittelstandskreditfonds der Sparkassen-Finanzgruppe mbH. Here, the loans deposited by loan and portfolio management specialists of the Sparkassen-Finanzgruppe (Savings Bank Finance Group) are independently analysed and released for purchase by the fund. The fund is managed by Deka Immobilien Investment GmbH. DekaBank acts as the custodian bank. |
SpreadDifference between the purchase price and the selling price of certain financial products (e.g. foreign currency, certificates, futures etc.). |
SustainabilityDekaBank uses the definition of the term by the World Commission on Environment and Development, a United Nations organisation, from 1987 as the guiding principle of its activities relating to developing a sustainable business model: “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” |
Syndication/syndicated loanA loan collectively awarded by a group of banks (consortium), otherwise known as a consortium loan. Syndication provides an opportunity for several banks to share the overall risk involved in a loan. |