Význam kolaterálu v rámci řízení rizika protistrany

This diploma theses on the topic „The importance of the collateral in the framework of the counterparty credit risk“ presents this topic mainly from the point of view of the margin mechanism. The main goal of the work is to explain and demonstrate how collateral can be applied within the framework of counterparty risk management. The application of the margin mechanism on the OTC IRS swap demonstrates how the variation margin, initiation margin works and linking to the resulting exposure work. As part of this, the theoretical basis of the counterparty risk and its functioning in practice are explained as well.