Price risk - the risk associated with changes in the market price of the financial asset. Most financial institutions - banks, insurance companies, pension funds - are operating in more through debt (bank and pension contributions, insurance premiums). The funds invested by institutional investors in different markets - equity, government securities, commodity markets, real estate markets.

 Each financial institution over a period of time should fulfill their obligation to pay the debt. In response to market fluctuations in the value of a financial asset may change unfavorably for the institutional investor side, which will limit the ability to fulfill current obligations to customers or investors.

Credit risk - the risk arising from the partial or total bankruptcy of the borrower.

 This type of risk, the most exposed to the banking organization by the profile of its core business, as credit institutions. However, other financial institutions may also be exposed to credit risk, such as the acquisition of corporate bonds. A common measure of the credit risk of the bank or a credit rating published by rating agencies Moody's, S & P, Fitch IBCA.

Currency risk - the risk associated with changes in the exchange rate of the national currency exchange rate to another country. This type of risk arises when investing in foreign financial assets and the subsequent conversion of foreign currency into the currency of the investor.

Liquidity risk - the risk arising on the sale of an existing asset. This type of risk means you can not quick implementation of an asset without significantly reducing the cost. The main measure of market liquidity is the difference between the purchase and sale (the so-called spread). Spread size depends on the volume of trading financial assets in the market. The smaller the volume of trading, the greater the spread. Liquidity risk may be subject to virtually all financial institutions - insurance and investment companies, banks and pension funds. They are in the course of their activities may acquire financial assets of varying degrees of liquidity.

Solvency risk - the risk resulting from the fact that due to adverse external circumstances, the company having problems with repayment of debt.

Operational risk - the risk associated with the activities of the staff of the financial institution. The components of operational risk are:

Transactional risk - associated with errors in the performance of the company's staff of transactional operations, errors in the accounting of the company, error calculations;

operational risk control - the kind of operational risk at which the company's staff or the bank exceeds earmarks, performs unfair transaction commits intentional fraud;

risk systems - operational risk software failure during the current account, the error in the methodology of work, failure of telecommunications systems.

 In its activities, operational risk may be subject to unfair practices by insurance companies in the line of duty company personnel (deliberate collusion with the person who fears the property), the banks, during the inter-bank transfer transaction, investment companies, portfolio managers in excess of allocated market limits.

Inflation risk - the risk associated with the macroeconomic situation in the country. With an increase in inflation, there is a risk that the real income of the institutional investor may be reduced due to the high inflation, although progress can be achieved gross profit. However, part of it, and sometimes all of it, can go to cover the inflationary spiral. This type of risk felt by all institutional investors who conduct their operations in countries with high inflation rates. Typically, this is a country with a transitional economy view.

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