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Operations with precious metals presentation. Economics presentation on the topic "The activities of Russian commercial banks in the market of precious metals and precious stones" free download

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Slide text: Activities of Russian commercial banks in the market of precious metals and precious stones Completed by a student of group 181 Kopaneva Olga Supervisor: Doctor of Economics, Professor Popova Ekaterina Mikhailovna

Slide text: Objectives: to justify the expediency of banks operating in the precious metals and stones market, to confirm the prospects of this area of banking activity to find out what causes the fact that less than half of all banks licensed to carry out these operations actually work with precious metals

Slide text: Tasks:

Slide text: Basic concepts: Precious metals - bars of gold, silver, platinum and palladium, as well as coins made of precious metals (gold, silver, platinum and palladium), with the exception of coins that are currency Russian Federation. Banking operations with precious metals - operations to attract deposits and placement of precious metals. Metal accounts - accounts opened by a credit institution for carrying out operations with precious metals. Safekeeping metal accounts - customer accounts for accounting for precious metals transferred for safekeeping to a credit institution while maintaining their individual characteristics (name, number of valuables, sample, manufacturer, serial number, etc.). Impersonal metal accounts (OMS) - accounts opened by a credit institution for the accounting of precious metals without specifying individual characteristics and carrying out operations to attract and place them.

Slide text: The main operations of banks in the precious metals market

Slide text: Advantages of banks in the precious metals market

Slide text: Precious metals in the balance sheets of Russian banks, million rubles Operating credit institutions with licenses granting the right to conduct operations with precious metals

Slide text: Problem Possible solutions Lack of financial resources Instead of working with chain enterprises, do everything else (CMI, loans, storage and transportation, etc.) For those banks that already work there, ways to increase activity: participation in exports, changing conditions cooperation, flexible interest rates on loans. The trust of the heads of enterprises in the mining-processing-export chain is focused on a few largest banks Taxation Remove VAT on the sale of physical metal The investment demand of Russians is turned away jewelry stores Educate the population about the services of banks with precious metals Weak interest of the population in compulsory medical insurance and deposits in precious metals Reduce minimum size lot Introduction of a system of insurance of such deposits

Slide text: The structure of the precious metals market The precious metals market is a set of various economic relationships between participants in transactions with precious metals, precious stones, securities quoted in gold, including gold certificates, bonds, futures, etc.

Slide #10

Slide text: Precious metals market example: Gold market Gold supply (tonnes) Top five gold producing countries (2010): China (345 tons) Australia (255 tons) USA (230 tons) South Africa (207 tons) Russia (190 tons)

Slide #11

Slide text: Prospects for investing in precious metals (gold) Gold has no government, but currencies have The safety of investments in precious metals is maximum relative to any other assets Low risks of changes in the value of gold as a separate instrument Gold is the leading investment asset for investing in most states Investments in silver, platinum and palladium diversify investments in precious metals

Slide #12

Slide text: Thank you for your attention

Sections: Economy , Competition "Presentation for the lesson"

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The activity of banks in the market of precious metals and precious stones is becoming increasingly active, which indicates the relevance of the study of this topic at the present moment.

A new precious metals market has been formed in Russia today.

There is no doubt the need to maximize the involvement of the human factor in solving the problem of reducing the shadow turnover of precious metals and precious stones. At the same time, it is also important to take into account the historical features that stimulate the shadow turnover in the Russian economy. All this, one way or another, predetermines the target setting for the analysis of the current problem situation and the search for ways to solve it. A significant reduction in shadow turnover is achieved not only through changes in legislation, but also as a result of the application of new financial schemes by banks and regions.

When students study this issue, the objects of research are banking operations with precious metals and precious stones.

To achieve the goal, the following tasks were set:

To study the theoretical foundations of banking operations in the market of precious metals and precious stones;
Reveal the features of the legal regulation of the activities of commercial banks with precious metals;
Determine the role of commercial banks in the market of precious metals and precious stones;
Consider the types of banking operations with precious metals;
To study the accounting of precious metals and natural gems in the Bank of Russia;
Analyze the operations of the Bank of Russia in the market of precious metals and precious stones;
Consider the problems and prospects of organizing the activities of commercial banks in the precious metals market;
To study the current position of banks in the market of precious metals and precious stones;
Evaluate the economic efficiency of investments in the bank.

Precious metals and precious stones are subject to special regulation. By law, precious metals are gold, silver, platinum and the platinum group metals (palladium, iridium, rhodium, ruthenium and osmium). Precious metals can be found in any condition, in raw materials, alloys, semi-finished products, industrial products, chemical compounds, jewelry and other products, coins, scrap and waste from production and consumption.

The following main documents serve as the legal basis for banks to conduct operations with precious metals and precious stones:

Federal Law "On currency regulation and currency control" dated December 10, 2003 N 173-FZ,

Federal Law "On Precious Metals and Precious Stones" dated March 26, 1998 No. 41-FZ,

Regulation of the Central Bank of the Russian Federation "On the performance by credit institutions of operations with precious metals in the territory of the Russian Federation and the procedure for conducting banking operations with precious metals" dated November 1, 1996 No. 50.

The act of acceptance - transfer - a document confirming the acceptance - transfer of precious metals. Specification - a document describing the main characteristics of the transferred precious metals. Document on the quality of precious metals - a document of the manufacturer containing information on the compliance of precious metals with the state and industry standards in force in the Russian Federation or international quality standards for precious metals in ingots (passport, certificate), or a copy of this document, certified by the seal and signature of an authorized persons of the Credit organization (Bank of Russia). A reclamation act is a document drawn up for precious metals that do not comply with state and industry standards of the Russian Federation or international quality standards, as well as in case of non-compliance of precious metals with any essential conditions of the concluded transaction.

Basic concepts in the transactions of purchase and sale of precious metals

Thesis On the topic: "Operations of commercial banks with precious metals: problems and prospects for development (on the example of the Miass branch No. 4910 of Sberbank OJSC)" Completed by: Amineva A.R. Group: MF-502 Scientific adviser: Khakimova E.A. Slide 1 Object Commercial banks Subject Features of operations of commercial banks with precious metals Purpose Identification of problems and ways to improve the organization of commercial banks in the precious metals market Objectives 1. To study the theoretical aspects of banking operations in the precious metals market. 2. To reveal the features of the legal regulation of the activities of commercial banks with precious metals. 3. Research technologies for conducting banking operations with precious metals and identify risks in the implementation of these operations. 4. Describe the operations of commercial banks with precious metals on the example of the Miass branch No. 4910 of Sberbank OJSC. 5. To analyze the investment attractiveness of investments in precious metals in a commercial bank using the Miass branch No. 4910 of Sberbank OJSC as an example. Slide 2 The structure of the precious metals market in Russia Precious metals market Primary Secondary Direct domestic Interbank Intermediary domestic Wholesale Direct export Retail Exchange Export Slide 3 Classification of banking operations with precious metals Banking operations with precious metals Profit making and risk insurance Credit collateral Speculative operations Gold hoarding Metal accounts Pledge of gold arbitrage Purchase of gold bars Gold certificates Pledge of silver swap Purchase of gold coins Federal loan bonds backed by gold Pledge of platinum Pledge of palladium Slide 4 Risks arising from transactions with precious metals and methods of managing them Credit risk Market risk Operational risk Management methods: 1. Creation of reserves to cover losses; 2. Procedure for covering losses with the bank's own capital; 3. Scale definition various types risk-based margin; 4.Control over the quality of the loan portfolio; 5.Tracking critical indicators in the context of risk types; 6. Operations with derivative financial instruments; 7. Motivation of business units and personnel associated with risky operations of the bank; 8. Pricing (interest rates, commissions) taking into account risk; 9. Establishment of limits on risky operations; 10. Hedging individual risks. Liquidity risk Slide 5 The volume of each type of transactions with precious metals in the Miass branch No. 4910 of Sberbank OJSC bullion coins 3% 11% loans 13% Compulsory medical insurance 73% Slide 6 Advantages and disadvantages of investing in precious metals in the Miass branch No. 4910 of Sberbank OJSC View investments in precious metals in the Miass branch No. 4910 of Sberbank OJSC Advantages Disadvantages 1. Opening unallocated metal accounts (OMS) - when opening OMA, VAT is not charged; - no commission for opening, closing and maintaining CHI; - precious metal can be bought and sell any day. - payment of VAT upon closing the CHI with the receipt of real metal; - the presence of a spread, i.e. the difference between the lowest selling price and the highest buying price of a product; - increased risk. 2. Buying a physical precious metal in an ingot - psychological comfort; - a beautiful and prestigious gift. - VAT is added to the cost of the ingot, when reselling goods VAT individuals not returned; - when selling an ingot to a bank, the sale price should not be lower than the sale price plus 18% VAT, plus the bank will take its commission for processing the transaction; - in case of repurchase with physical damage in the metal, the bank may require a discount - a discount to the market price; - additional costs for the mandatory examination, which confirms the authenticity of the metal in the ingot. 3. Purchase of coins - when buying investment coins, the operation is not subject to VAT; - the demand for investment coins is increased, and the supply is limited => a gradual increase in prices. - fairly high spreads for investment coins; - if the coins are damaged, the price of them is greatly reduced. Slide 7 Calculation of the client's profitability when investing gold in UMIs Dynamics of the profitability of investments in gold on UMIs of clients of the Miass branch No. 4910 of Sberbank OJSC from 01/01/2006 to 05/01/2008 80.000 40.000 20.000 01.11.2007 01.09 .2007 July 1, 2007 May 1, 2007 March 1, 2007 January 1, 2007 November 1, 2006 September 1, 2006 000 01.01.2006 Yield,% 60.000 -60.000 date for 0.5 years r(09 .01.08.9.05.08) r(17.01.08 17.03.08) for 1 year for 1.5 years (purchase 09.05.2008 sale 09.01.2008) 366,100 (09.05 2008 09 01 2008) sale 09 . 01 . 2008 (purchased 17.03.2008 sold 17.01.2008) 366,100 (17.03.2008 17.01.2008) sold 17.01.2008 01 . 2008 for 2 years (653, 82 713, 80) 365 100 121 713, 80 (737, 28 704, 12) 366 100 60 704, 12 25, 35 % 28, 73 Slide 8 quotes for purchase and sale of gold by the Miassic branch No. 4910 OJSC "Sberbank" from 09.01.2008 to 12.05.2008 1200.00 London fixing, Bank of Russia exchange rate. RUB/yr USD/tr. oz. 2.2008 Purchase rate of the Miass branch No. 4910 of OJSC "Sberbank", rub/year 20.02.2008 13.02.2008 23.01.2008 16.01.2008 0.00 06.02.2008 200.00 30.01.2008 Selling rate by the Miass branch No. 4910 of Sberbank OJSC, rub/year 09.04.2008 400.00 09.01.2008 rub/year 8 00.00 date Buy Sell Securities L. Fix. (pm) Slide 9 Problems Solutions Expected result 1. Risks arising from operations with precious metals - continuous improvement of the risk management system based on the principles of risk awareness, delimitation of powers for assessing and accepting risk, unified approaches to assessing and establishing limits and restrictions, control of accepted risk; - prohibition of conducting new banking operations subject to risks in the absence of regulatory documents or relevant decisions of collegiate bodies regulating the procedure for their performance; -use of modern information technologies, allowing you to quickly respond and eliminate the source of the risk or minimize its impact. - fulfillment of the main standards of the Bank of Russia, - ensuring a positive financial result, - improving the quality of operations, - timely prevention of consequences in the event of a risk event. 2. Collection of VAT on the sale to real investors of bank ingots and coins made of precious metals - removal of VAT from operations with measured ingots; -removal of VAT from operations with commemorative coins made of precious metals, based on the experience of Western countries. - an increase in the liquidity of the market for bullions made of precious metals; 3. The need to increase the competitiveness of the Savings Bank of Russia in the precious metals market - the introduction of multi-metal unallocated accounts and deposits, providing for the possibility for the bank to convert gold into another metal at the request of the client; - introduction of credit lines in gold for specialized participants of the gold market, similarly to foreign exchange ones, providing for the reservation of funds for the consistent development of a loan; - introduction of gift measured gold bars from 1 to 50g. - increasing the competitiveness of a commercial bank in the precious metals market; - strengthening the image of the bank; - increasing the interest of citizens with medium and high income levels in coins and ingots, not only as investment objects, but also as newfangled gifts. slide 10 slide 11

Operations of commercial banks with precious metals:

problems and development prospects

(on the example of the Miass branch No. 4910

"Sberbank")"

Completed by: Amineva A.R. Group: MF-502 Supervisor: Slide 1

An object

Commercial banks

Features of operations of commercial banks with precious metals

Identification of problems and ways to improve the organization of the activities of commercial banks in the precious metals market

1. To study the theoretical aspects of banking operations in the precious metals market.

2. To reveal the features of the legal regulation of the activities of commercial banks with precious metals.

3. Explore the technologies for conducting banking operations with precious metals and identify risks in the implementation of these operations.

4. To characterize the operations of commercial banks with precious metals on the example of the Miass branch No. 4910 of Sberbank OJSC.

5. To analyze the investment attractiveness of investments in precious metals in a commercial bank on the example of the Miass branch No. 4910 of Sberbank OJSC.

Market structure

precious metals in Russia

Precious metals market
Primary	Secondary
direct internal	Interbank
Mediation internal
Direct export	Retail
	Exchange
	Export

operations with precious

metals

Banking operations with precious metals

Receiving a profit	Loan security	Speculative	Gold hoarding
and risk insurance	Loan security	operations	Gold hoarding
and risk insurance		operations
metal	Pledge of gold	arbitration	Buying gold
	Pledge of gold	arbitration

	Pledge of silver		Buying gold
certificates	Pledge of silver
certificates
Bonds	Pledge of platinum
federal loan,	Pledge of platinum
federal loan,
secured
	Pledge of Palladium

carrying out operations with precious metals and methods of their management

Credit

	Control Methods:
	1. Creation of reserves to cover losses;
	2. Procedure for covering losses with the bank's own capital;
	3.Determining the scale of different types of margin,
	based on the degree of risk;
	4.Control over the quality of the loan portfolio;
	5.Tracking critical indicators in the context
	types of risk;
	6. Operations with derivative financial instruments;
	7.Motivation of business units and staff,
	associated with risky operations of the bank;
	8.Pricing (interest rates, commissions)
	taking into account the risk;
Market	9. Establishment of limits on risky operations;
	10. Hedging individual risks.

Operating

liquidity

The volume of each type of transactions with

precious metals in the Miass branch No. 4910 of Sberbank OJSC

Sberbank

The demand for investment coins is increased, and the supply is limited => gradual price increase.

- VAT payment upon closing the CHI with the receipt of real metal;

- the presence of a spread, i.e. the difference between the lowest selling price and the highest buying price of a product;

- increased risk.

- VAT is added to the cost of the ingot; when reselling the goods, VAT is not returned to individuals;

- when selling an ingot to a bank, the sale price should not be lower than the sale price plus 18% VAT, plus the bank will take its commission for processing the transaction;

- in case of repurchase with physical damage in the metal, the bank may require a discount - a discount to the market price;

- additional costs for the mandatory examination, which confirms the authenticity of the metal in the ingot.

- fairly high spreads for investment coins;

- if the coins are damaged, the price of them is greatly reduced.

Calculation of the client's profitability when investing gold in OMS

		(purchase 09.05.2008 sale 09.01.2008) 366 100
		(09.05.2008 09.01.2008) sale 09.01.2008
		(09.05.2008 09.01.2008) sale 09.01.2008
		(purchase 17.03.2008 sale 17.01.2008) 366,100
(17.01.08 17.03.08)		(17.03.2008 17.01.2008) sale 17.01.2008
		(17.03.2008 17.01.2008) sale 17.01.2008

Slide 9

documents or relevant decisions of collegial

bodies regulating the procedure for their commission;

Use of modern information technologies,

to quickly respond and eliminate the source

risk or minimize its impact.

2. Levying VAT on the sale of bank bars and coins made of precious metals to real investors

3. Necessity

raise

competitiveness of Sberbank of Russia in the market

precious metals

Removal of VAT from operations with measured ingots;

Removal of VAT from operations with commemorative coins made of precious metals, based on the experience of Western countries.

- introduction of multi-metal unallocated accounts and deposits, which provide for the possibility for the bank to convert gold into another metal upon the client's order;

- introduction of credit lines in gold for specialized participants in the gold market, similar to foreign exchange ones, providing for the reservation of funds for the consistent development of a loan;

- introduction of gift measured gold bars from 1 to 50g.

Estimated result

Compliance with the main standards of the Bank of Russia,

Ensuring a positive financial result,

Improving the quality of operations,

Timely prevention of consequences in the event of a risk event.

Growth of liquidity of the market of measured bullions from precious metals,

Increase in profitability from operations with precious metals in the asset structure,

Development of depersonalized metal transactions on accounts, paper certificates with metal backing, metal shares in investment funds, etc.

- increasing the competitiveness of a commercial bank in the precious metals market;

- strengthening the image of the bank;

- increasing the interest of citizens with medium and high income levels in coins and ingots, not only as investment objects, but also as newfangled gifts.