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Uncertainty Shocks in a Model with Mean
Uncertainty Shocks in a Model with Mean

Annual report
Annual report

Donnelley Financial Solutions, Inc. (Form: S
Donnelley Financial Solutions, Inc. (Form: S

... Donnelley Financial is a financial communications and services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers) and global investment management compliance and analytics needs for mut ...
Premium Liabilities - Actuaries Institute
Premium Liabilities - Actuaries Institute

... determining the minimum capital requirement for Australian insurers and reinsurers. The minimum capital requirement is in part determined with reference to the assessed insurance liability (that is, the sum of outstanding claims liabilities and premium liabilities). More rigorous standards were also ...
reinet investments sca
reinet investments sca

... Cautionary statement regarding forward-looking statements This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. Words such as ‘may’, ‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ...
VANDEMOORTELE NV public limited liability company (naamloze
VANDEMOORTELE NV public limited liability company (naamloze

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AON CORP (Form: 10-K, Received: 03/11/2004 16

International Finance Corporation
International Finance Corporation

Since upgrades are rare, bonds issuers have stronger incentives to
Since upgrades are rare, bonds issuers have stronger incentives to

Siemens Aktiengesellschaft
Siemens Aktiengesellschaft

... A variety of factors, many of which are beyond Siemens’ control, affect Siemens’ operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may ...
date - Rabobank
date - Rabobank

... The Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) has provided each of the Finanzmarktaufsicht (FMA) in Austria, the Commission bancaire, financière et des assurances (CBFA) in Belgium, Finanstilsynet in Denmark, Finanssivalvonta (Fiva), in Finland, Autorité des mar ...
Influencing Control: Jawboning in Risk Arbitrage
Influencing Control: Jawboning in Risk Arbitrage

... ticker: FCX), a natural resources company based in Phoenix. At the offer price of $45.96 (a combination of $25 cash and 0.6531 FCX shares), the existing shareholders stood to gain a premium of 26.2% over the pre-announcement price. The special meeting to vote on the merger was scheduled for May 20, ...
2012 Form 20-F ING Groep N.V.
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Ally Financial Inc. ( GOM ) 10−K
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... Our North American Automotive Finance operations consist of our automotive finance operations in the United States and Canada. At December 31, 2011, our North American Automotive Finance operations had $97.0 billion of assets and generated $3.6 billion of total net revenue in 2011. According to Expe ...
Seasoned Equity Offerings: Quality of Accounting
Seasoned Equity Offerings: Quality of Accounting

... return volatility, analysts’ earnings forecast dispersion, proportion of intangible assets, debt rating and stock bid-ask spread (or a component).2 While heavily used in empirical analysis, none of these variables has a strong theoretical claim to being a clear or complete measure of information asy ...
2016, (the “Report” - Lincoln Financial Group
2016, (the “Report” - Lincoln Financial Group

Common KIM Old File January 2017.cdr
Common KIM Old File January 2017.cdr

... (CAMS), Unit: Birla Sun Life Mutual Fund, New No. 10, Old No. 178, M,G.R. Salai, Nungambakkam, Chennai - 600 034. This Common Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/Mutual Fund, due d ...
Stock market liquidity and firm value
Stock market liquidity and firm value

... and performance we turn to the problem of identifying its foundation. In Khanna and Sonti (2004), informed traders factor the effect of their trades on managerial behavior into their trading strategy, trading more aggressively, and thus making prices more informative to firm managers and other stakeh ...
IFRS Update July 2016
IFRS Update July 2016

PRINCIPLES OF FINANCIAL ENGINEERING
PRINCIPLES OF FINANCIAL ENGINEERING

... which is true, because at t0 , the buyer is paying USD100 for the cash flows shown in Figure 1-2. Buying (selling) such a bond is inconvenient in many respects. First, one needs cash to do this. Practitioners call this funding, in case the bond is purchased. When the bond is sold short it will genera ...
public-private partnerships in e-government: knowledge map
public-private partnerships in e-government: knowledge map

... areas such as infrastructure, applications, institutions, people, and policies. While it is important to understand the nuances of each concept, it might help to recognize the fact that PPPs are often the chosen path when the objectives are to ease the financial constraints on the government while a ...
Knowingly taking risk Investment decision making in real estate
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AON CORP (Form: 10-K, Received: 03/16/2005 06

Bonding Limited Liability - DigitalCommons@UM Carey Law
Bonding Limited Liability - DigitalCommons@UM Carey Law

MSCI ID Sign In
MSCI ID Sign In

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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