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Alfa Case

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Submitted By juvelv
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ALFA 1. Que fue lo que paso con la empresa (Fechas, Montos, Instrumentos financieros utilizados )

La empresa al tener presencia y operación con muchos países, pretendía reducir el costo total integral de sus financiamientos y la volatilidad asociada con los tipos de cambio y las tasas de interés, sin embargo, la apreciación del dár en el 2008 les jugo una mala pasada, haciendo que la empresa perdiera cerca del 2% de sus activos globales.

Fechas: 2008-2009
Montos: Pérdida de 191 mdd
Instrumentos financieros utilizados: Derivados de Tipo de Cambio, Tasas de Interés, de operaciones y de acciones de la empresa.

2. Documentación en PDF o ligas web: http://www.cnnexpansion.com/expansion/2008/11/12/doble-o-nada http://www.alfa.com.mx/down/2008/diciembre15_2008.pdf

3. Supuestos utilizados para la solución del problema (Justifica) Compra-Venta, Corto o largo, Futuro, Forward, Swap, Opciones

“Debido a que ALFA tiene operaciones en muchos países y contrata financiamientos en diferentes monedas, ha entrado en operaciones de derivados sobre tipos de cambio y tasas de interés. El objeto ha sido reducir el costo total integral de sus financiamientos y la volatilidad asociada con los tipos de cambio y las tasas de interés. Adicionalmente, por la naturaleza de las industrias en que desarrolla actividades y el consumo elevado que hace de energéticos, la Emisora ha entrado en operaciones de derivados de cobertura de precios de gas natural, gasolinas y etileno. Finalmente, para operar su programa de recompra de acciones, ALFA también ha entrado en operaciones de derivados sobre sus acciones. “ (Alfa, 2008)
Se pretendía garantizar el precio del tipo de cambio a fin de evitar que las fluctuaciones.

4. Aplicación y diagrama de Perdidas y Ganancias (Profit and Loss- P&L)

5. Escenarios para el subyacente y tu grafico de P&L

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