The most important external factors include: general state of the economy (the phase of the business cycle, inflation, government deficit, etc.), the legislative privileges and restrictions, the state securities market - its content, the dynamics of interest rates and the market value of securities, etc. 4. The formation of the strategic objectives of investment policy. Rationale for the type of investment policy. Type of investment policy of the bank describes the fundamental approaches to its implementation in terms of their level of risk and return of investment of the bank. 5. Determination of the volume of investment in securities in the plan period. As a rule, is not defined in absolute terms, and by determining the ratio of the sum range of investments in securities to the amount of business assets, the amount of total assets, the amount of bank capital. 6. Determining the type and structure of the securities portfolio. In forming the Bank's securities portfolio must clearly form its management strategy and to determine the future type of portfolio. The main advantage is the possibility of portfolio investment portfolio selection for specific investment objectives. For this purpose, different portfolios, each of which has its own balance between the existing risk acceptable to the owner of the portfolio, and expected them returns (income) in a certain period of time. The relation between these factors and to determine the type of portfolio securities. Type the portfolio - this is his description of the investment based on the ratio of return and risk. An important feature of the classification of such portfolio is in what way and by any source of income received this: due to an increase in market value or at the expense of current dividends and interest. There are two main types of portfolios: Portfolio income (portfolio-oriented preferential profit from interest and dividends); portfolio growth (portfolio, focused on the preferential growth of the market value of securities included in the portfolio). Category: Management Operations Commercial Bank