Covenant as an instrument of financial risk management

Alexey Kondratjev (alvalkon@mail.ru)
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Alexey Kondratjev: Russian Presidential Academy of National Economy and Public Administration

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The problems of application of covenants in Russia, showing the direction of improving their use: to recognize covenants legitimate financial tool in the federal legislation, supplemented by regulations order of their legal regulation, delegate the conduct of all of its financial covenants audit companies, enter into the business turnover of the position of the owner of the bonds authorized to demand early the repayment or redemption of any breach of the covenant, to recommend the commercial banks to monitor the financial covenants under the credit risk assessment, and develop regulations for their application.

Keywords: covenant; risk-management; debt; credit risk (search for similar items in EconPapers)
Pages: 3 pages
Date: 2015
New Economics Papers: this item is included in nep-acc, nep-cis, nep-rmg and nep-tra
Note: Published in "Local government in system of public authorities", Saratov, 2015
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