1 - Sidley Austin LLP
... generally have up to seven days to pay redemption proceeds after tender of the security. However, fund shares that are traded through a broker-dealer must comply with Rule 15c6-1 under the Securities Exchange Act of 1934. Because Rule 15c6-1 requires a broker-dealer to settle a trade in three busine ...
... generally have up to seven days to pay redemption proceeds after tender of the security. However, fund shares that are traded through a broker-dealer must comply with Rule 15c6-1 under the Securities Exchange Act of 1934. Because Rule 15c6-1 requires a broker-dealer to settle a trade in three busine ...
Money Market Funds - Fort Pitt Capital Group
... Under normal market conditions, Tax Free Obligations Fund invests at least 80% of its total assets in high-quality, short-term municipal securities that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. The municipal securities in which the fund inve ...
... Under normal market conditions, Tax Free Obligations Fund invests at least 80% of its total assets in high-quality, short-term municipal securities that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. The municipal securities in which the fund inve ...
Similarities and Differences between US and German Regulation of
... considered representative of the broader EU-wide regulation in this study; however, it is important to note that the implementation date and/or details of regulation in other EU-countries may differ. Funds might use derivatives for various reasons, e.g., to hedge interest rates, currency, or market ...
... considered representative of the broader EU-wide regulation in this study; however, it is important to note that the implementation date and/or details of regulation in other EU-countries may differ. Funds might use derivatives for various reasons, e.g., to hedge interest rates, currency, or market ...
EIB - EESC European Economic and Social Committee
... Main goal of the Project .. Anyway, as we will explain throughout this presentation, our aim is not to analyse or assess the overall effectiveness or efficiency of such monetary expansion operations, but only to examine the feasibility of specific adjustments being introduced to improve the efficie ...
... Main goal of the Project .. Anyway, as we will explain throughout this presentation, our aim is not to analyse or assess the overall effectiveness or efficiency of such monetary expansion operations, but only to examine the feasibility of specific adjustments being introduced to improve the efficie ...
The Hedge Fund Landscape
... managed funds and the other alternative to investors, the fund of one. A summary of the key differences is illustrated in the sidebar (page 5). A managed account is held at the investor’s custodian, and an investment management agreement (IMA) is drawn up by the investor to delegate the investment m ...
... managed funds and the other alternative to investors, the fund of one. A summary of the key differences is illustrated in the sidebar (page 5). A managed account is held at the investor’s custodian, and an investment management agreement (IMA) is drawn up by the investor to delegate the investment m ...
V7-Mutual Fund year book
... plans were other investor friendly measures introduced by the regulator. It has always been CRISIL’s endeavour to help investors take better informed investment decisions. As part of our refreshed content, the Year Book contains articles on select themes which were very pertinent in the year gone by ...
... plans were other investor friendly measures introduced by the regulator. It has always been CRISIL’s endeavour to help investors take better informed investment decisions. As part of our refreshed content, the Year Book contains articles on select themes which were very pertinent in the year gone by ...
2014-15 Audit Report - Pharr-San Juan
... We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Pharr-San Juan-Alamo Independent School District ("the District") as of and for the year ended August 31, 2015, and ...
... We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Pharr-San Juan-Alamo Independent School District ("the District") as of and for the year ended August 31, 2015, and ...
Friends Life Investment Bond Fund Guide
... for short-term borrowing and lending between organisations. Although such investments tend to be much less volatile than other investments such as equities, a drawback is that the interest paid by the borrower can be lower than the rate of inflation and/or the charges for a Money Market fund, meanin ...
... for short-term borrowing and lending between organisations. Although such investments tend to be much less volatile than other investments such as equities, a drawback is that the interest paid by the borrower can be lower than the rate of inflation and/or the charges for a Money Market fund, meanin ...
Central clearing: reaping the benefits, controlling the risks
... evidenced by the Financial Stability Board (FSB), there also seems to be scope for substantial further growth in central clearing, especially for interest rate swaps (IRS) and credit default swaps (CDS) (FSB, 2016). Inevitably, the increased share of central clearing has been associated with further ...
... evidenced by the Financial Stability Board (FSB), there also seems to be scope for substantial further growth in central clearing, especially for interest rate swaps (IRS) and credit default swaps (CDS) (FSB, 2016). Inevitably, the increased share of central clearing has been associated with further ...
Credit Default Swaps and Bank Regulatory Capital
... can manage their obligations with CDS in accordance to capital regulations, their profitability is only weakly associated with reported risk. Finally, we find that the return on equity increases with the capital ratio for CDS-using banks, but not for banks without using CDS. This finding sheds ligh ...
... can manage their obligations with CDS in accordance to capital regulations, their profitability is only weakly associated with reported risk. Finally, we find that the return on equity increases with the capital ratio for CDS-using banks, but not for banks without using CDS. This finding sheds ligh ...
Financial Development in Sub-Saharan Africa
... The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobiletelephone-based systems has helped to incorporate a large share of the population into the financial system, especially i ...
... The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobiletelephone-based systems has helped to incorporate a large share of the population into the financial system, especially i ...
Stock Market Liquidity and the Cost of Issuing Equity
... these intermediation costs.2 Since it should be easier to place an equity issue in a liquid market than to place it in an illiquid market, the stock market liquidity of the issuing firm should be an important determinant of the investment banking fees. To test this hypothesis, we examine a sample of ...
... these intermediation costs.2 Since it should be easier to place an equity issue in a liquid market than to place it in an illiquid market, the stock market liquidity of the issuing firm should be an important determinant of the investment banking fees. To test this hypothesis, we examine a sample of ...
Systemic Risk and Hedge Funds
... returns historically, but not without commensurate risks, and such risks are currently not widely appreciated or well understood. In particular, we argue that the risk/reward profile for most hedge funds differ in important ways from more traditional investments, and such differences may have potent ...
... returns historically, but not without commensurate risks, and such risks are currently not widely appreciated or well understood. In particular, we argue that the risk/reward profile for most hedge funds differ in important ways from more traditional investments, and such differences may have potent ...
Friend or foe? Crowdfunding versus credit when banks
... of capital structure: Internal funds are preferred over debt, and equity is a last resort of funding (Jensen and Meckling, 1976; Myers and Majluf, 1984). To mitigate information asymmetries and facilitate the efficient allocation of financial resources, from savers to productive investors, financial ...
... of capital structure: Internal funds are preferred over debt, and equity is a last resort of funding (Jensen and Meckling, 1976; Myers and Majluf, 1984). To mitigate information asymmetries and facilitate the efficient allocation of financial resources, from savers to productive investors, financial ...
Impact of the Payment of Interest on Demand Deposits
... institutions, and the banking structure from payment of interest on demand deposits and associated changes in the pricing of banking services are highly uncertain for they involve an assessment of institutional and public responses to a new ingredient in financial m a r k e t s — p a y m e n t of ex ...
... institutions, and the banking structure from payment of interest on demand deposits and associated changes in the pricing of banking services are highly uncertain for they involve an assessment of institutional and public responses to a new ingredient in financial m a r k e t s — p a y m e n t of ex ...
Changing the savings culture.ALP Team3
... penetration and the current savings products available to the market. It was determined that low interest rates made saving unattractive while banks appeared to focus more on credit products. The research concluded that slight changes to the current offerings could contribute to a significantly impr ...
... penetration and the current savings products available to the market. It was determined that low interest rates made saving unattractive while banks appeared to focus more on credit products. The research concluded that slight changes to the current offerings could contribute to a significantly impr ...
INFORMATION STATEMENT of BNP Paribas, a French incorporated
... conditions resulting, among other things, from crises affecting sovereign obligations, capital, credit or liquidity markets, regional or global recessions, sharp fluctuations in commodity prices, currency exchange rates or interest rates, inflation or deflation, restructurings or defaults, corporate ...
... conditions resulting, among other things, from crises affecting sovereign obligations, capital, credit or liquidity markets, regional or global recessions, sharp fluctuations in commodity prices, currency exchange rates or interest rates, inflation or deflation, restructurings or defaults, corporate ...
Lobbying on Regulatory Enforcement Actions: Evidence from U.S.
... effort (Grossman and Helpman, 2001, offer an exhaustive literature review). Under this information-based view, lobbying provides regulators with valuable information about the bank that results in better informed supervisory decisions not impeding the bank’s long-term value maximization objective. T ...
... effort (Grossman and Helpman, 2001, offer an exhaustive literature review). Under this information-based view, lobbying provides regulators with valuable information about the bank that results in better informed supervisory decisions not impeding the bank’s long-term value maximization objective. T ...
The Dark Side of Universal Banking: Financial Conglomerates and
... and transfer to investors the risks associated with securitized loans. Securitization enabled LCFIs to extend huge volumes of home mortgages and credit card loans to nonprime borrowers. By 2006, LCFIs turned the U.S. housing market into a system of “Ponzi finance,” in which borrowers kept taking out ...
... and transfer to investors the risks associated with securitized loans. Securitization enabled LCFIs to extend huge volumes of home mortgages and credit card loans to nonprime borrowers. By 2006, LCFIs turned the U.S. housing market into a system of “Ponzi finance,” in which borrowers kept taking out ...
Putting Macroprudential Policy to Work
... generally much higher for policy action than for inaction. Macroprudential policy actions have tangible and potentially substantial short-term costs, but intangible long-term gains: how does one measure the benefits of a crisis avoided? On top of that, the transmission mechanism of macro prudential ...
... generally much higher for policy action than for inaction. Macroprudential policy actions have tangible and potentially substantial short-term costs, but intangible long-term gains: how does one measure the benefits of a crisis avoided? On top of that, the transmission mechanism of macro prudential ...