Running a business entails various risks which can significantly impact the economic and production results achieved by a given enterprise. One way of hedging certain risks is to use appropriately designed derivatives. This article presents the newest group of these contracts, i.e. swaps, and focuses on how these contracts can be used by Polish mining companies from the hard coal mining sector selling a part of their output on the global market. This article briefly characterises and presents types of swaps as well as the Polish swap market, pioneered by Polski Bank Rozwoju S.A. with the first FX swap of 1992. Since then, other types of transactions have also been included in the offering of domestic banks (assets swaps, cross-currency interest rate swaps). Mining companies producing hard coal have not been active on the swap market yet because of their poor activity on derivative markets. This article proposes a swap as an derivative hedging the hard coal price for a mining company exporting a part of its production to the global market. In the presented example, a mining company, by concluding a forward and an appropriately structured commodity swap, was able to both protect it self from a fall in the price and use additional gains due to prices rising in the global market. Apart from commodity swaps, mining companies can use FX swaps, IRS and other swaps described in the literature and commonly applied in practice by various economic entities, depending on the type of risk that needs hedging. A significant advantage of this kind of contract is that there is no need to freeze funds in security deposits, nor are there fees of other kinds (premiums) like those payable for other derivatives (futures, options).

The relationship between self- and informant reports of personality using psychometric instruments is constantly the focus of attention for researchers in the field of clinical assessment in psychology. The research shows weak agreement between clinicians and patients’ assessments of personality disorders (PDs). The current study aimed at the convergence of measurement of PDs using the Shedler-Westen Assessment Procedure (SWAP-200), the self-report Character Styles Questionnaire-R (CSQ-R) and Borderline Personality Inventory (BPI). Paper-pencil questionnaires were administered to 102 inpatients (88.2% female, aged 18-64, M = 38.4) in a voivodeship hospital and outpatient health care centre. The SWAP-200 allowed us to gather expert (clinician) personality ratings basing on the intensive contact with patients. Results show that only a few SWAP-200 PD scales showed low positive correlations with corresponding self-reported PD scales from the CSQ-R. With the canonical correlation analysis, we identified two functions (borderline and internalising) that described similarities between the SWAP-200 and CSQ-R. SWAP-200 Obsessive-Compulsive PD correlated negatively with BPI scales. Consistent with previous studies, the self-report and the clinical assessment were only marginally convergent. Furthermore, OCPD stands out from other disorders in that it correlates positively with health indicators and negatively with some of the other personality disorders. The highest agreement was observed in the description of Borderline PD.