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ICRA Lanka`s Credit Rating Methodology for Non
ICRA Lanka`s Credit Rating Methodology for Non

... experience may not provide the same level of comfort as those of another NBFC with a stable growth rate and growing within existing geographies with the same loan mix. All credit ratings, including those in the NBFC sector, necessarily incorporate an assessment of the quality of the issuer’s managem ...
rental market conditions - Harvard Joint Center for Housing Studies
rental market conditions - Harvard Joint Center for Housing Studies

... the sharpest rise before and the sharpest drop after their recessionary peak in 2009, rates for all structure types have eased. Over the past three years, the vacancy rate for apartment buildings with 10 or more units declined by 3.1 percentage points and that for buildings with five to nine units b ...
EAST WEST BANCORP INC (Form: 10-Q, Received
EAST WEST BANCORP INC (Form: 10-Q, Received

... verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including, but not limited to, those described in the documents incorporated by reference. When considering these forward-looking statements, you should keep in mind these risks and uncert ...
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Analysis and Interpretation of Financial Statements

... Gross margin Operating expenses Net operating income Interest expense Net income before taxes Less income taxes (30%) Net income ...
Bank lending during the financial crisis of 2008
Bank lending during the financial crisis of 2008

... supply of funding as a result of the bank run. At the same time, however, the recession—which the National Bureau of Economic Research dates to December 2007—as well as the prospect of an even deeper recession as the crisis erupted, also likely reduced the demand for credit. While such a decline in ...
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SUMMARY PROSPECTUS Tortoise North American Pipeline Fund

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... approvals increased a little over the six months to January, it remained well below the peaks seen in recent years (Graph 3.5). The increase was largely driven by a pick-up in approvals to first home buyers, partly reflecting some pull-forward of their demand ahead of the expiry of stamp duty exempt ...
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... On November 15, 2013, TSI, LLC, an indirect, wholly-owned subsidiary, entered into a $370,000 senior secured credit facility (“2013 Senior Credit Facility”), among TSI, LLC, TSI Holdings II, LLC, a newly-formed, wholly-owned subsidiary of the Company (“Holdings II”), as a Guarantor, the lenders part ...
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... driven by changing risk premia, which vary endogenously in response to cyclical shocks, the FML and its subsequent reversal, and capital in‡ows. In FLVNa, house prices rise in the boom period because of a relaxation of credit constraints and decline in housing-related transactions costs, both of whi ...
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Joffe Open Source Credit Model Presentation to SEC

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EN EN Results of in-depth reviews under Regulation (EU) No 1176

... In April 2013, the Commission concluded that Denmark was experiencing macroeconomic imbalances, in particular as regards developments related to household debt, the housing market and, to some extent, external competitiveness. In the Alert Mechanism Report (AMR) published on 13 November 2013, the Co ...
Risk and Return: The CAPM - Dr. Gholamreza Zandi Website
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The Canadian Payments System: Recent Developments in Structure
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... arrangements can potentially be costly to participating institutions. While careful management of payments can limit to some extent the amount of the needed balances and hence the cost of holding such balances, containing the costs of holding these idle balances is nonetheless a matter of considerab ...
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... for the issuer materialize, this would probably impair the issuer’s ability to meet its obligations on the notes as there are no other assets available. ...
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... Prior to this independent source of information, banks played a key role in shaping investor perceptions of corporate borrowers. After all, banks had greater knowledge from the inside information they obtained in their role as direct lenders and as bond underwriters. By lending and underwriting, ba ...
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... Mercantile Exchange). According to BIS, the combined turnover in the world's derivatives exchanges totaled USD 344 trillion during Q4 2005. Some types of derivative instruments also may trade on traditional exchanges. For instance, hybrid instruments such as convertible bonds and/or convertible pref ...
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... purchased their homes between 2004 and 2007 – i.e., those drawn into the market at the peak of the credit expansion. Taken together, our results provide strong evidence that minority households drawn into homeownership late in the recent housing market boom were especially vulnerable in the subsequ ...
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The Kingdom of Denmark`s New Inflation

... model – defining how indexation takes place. The Danish inflation-linked bond will comply with this international format. In Europe, countries such as Germany, France, Italy, the UK and Sweden issue inflation-linked bonds that – with marginal variations – comply with the Canadian model. The main cha ...
Seasons Series Trust - Allocation Moderate Growth
Seasons Series Trust - Allocation Moderate Growth

... The following Risk/Return Bar Chart and Table illustrate the risks of investing in the Portfolio by showing changes in the Portfolio’s performance from calendar year to calendar year and comparing the Portfolio’s average annual returns to those of the Russell 3000® Index, the MSCI EAFE Index (net), ...
Putnam Bond Index Fund
Putnam Bond Index Fund

... and Disclosures and references to “OTC”, if any, represent over-the-counter. * Percentages indicated are based on net assets of $44,237,697. *** This security is in default of principal and interest. Debt obligations are considered secured unless otherwise indicated. 144A after the name of an issuer ...
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Securitization

Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS).Critics have suggested that the complexity inherent in securitization can limit investors' ability to monitor risk, and that competitive securitization markets with multiple securitizers may be particularly prone to sharp declines in underwriting standards. Private, competitive mortgage securitization is believed to have played an important role in the U.S. subprime mortgage crisis.In addition, off-balance sheet treatment for securitizations coupled with guarantees from the issuer can hide the extent of leverage of the securitizing firm, thereby facilitating risky capital structures and leading to an under-pricing of credit risk. Off-balance sheet securitizations are believed to have played a large role in the high leverage level of U.S. financial institutions before the financial crisis, and the need for bailouts.The granularity of pools of securitized assets can mitigate the credit risk of individual borrowers. Unlike general corporate debt, the credit quality of securitized debt is non-stationary due to changes in volatility that are time- and structure-dependent. If the transaction is properly structured and the pool performs as expected, the credit risk of all tranches of structured debt improves; if improperly structured, the affected tranches may experience dramatic credit deterioration and loss.Securitization has evolved from its beginnings in the late 18th century to an estimated outstanding of $10.24 trillion in the United States and $2.25 trillion in Europe as of the 2nd quarter of 2008. In 2007, ABS issuance amounted to $3.455 trillion in the US and $652 billion in Europe. WBS (Whole Business Securitization) arrangements first appeared in the United Kingdom in the 1990s, and became common in various Commonwealth legal systems where senior creditors of an insolvent business effectively gain the right to control the company.
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