• Study Resource
  • Explore
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
Interactive review - St. Mary`s School
Interactive review - St. Mary`s School

... Other people’s claims to the business’s stuff. It’s amounts that the business owes others. – It’s similar to buying a TV and paying for it with a credit card. Developed by Mary Ann Korson ...
Key Investor Information Document
Key Investor Information Document

CF Estimation and Risk Anaysis, PowerPoint Show
CF Estimation and Risk Anaysis, PowerPoint Show

Bond markets
Bond markets

... The actual calculation can be complicated, and can be done in several different ways. Different investors may have different views of a bond’s duration: one of the critical numbers in the calculation, the discount rate that should be used to attach a current value to future payments, is strictly a m ...
Credit Derivatives, Leverage, and Financial
Credit Derivatives, Leverage, and Financial

... liquidity in financial markets.15 This increase in liquidity can be thought of as increasing the overall supply of money in a market, which can have a number of significant economic effects. By increasing leverage and liquidity, credit derivatives can fuel rises in asset prices and even bubbles.16 R ...
FBLA ACCOUNTING II
FBLA ACCOUNTING II

... 20. Both Accounts Payable and the vendor’s individual a. True account should be debited when a purchase is made on account. 21. Source documents should be discarded at the end of the a. True fiscal year to make room for next year's documents. 22. Subsidiary ledgers are used to maintain accounts a. T ...
Circular 2018/2 Duty to report securities transactions Duty to
Circular 2018/2 Duty to report securities transactions Duty to

... The further participants in a transaction chain report the participant that forwarded the order in place of the beneficial owner. Where orders are forwarded, each participant in the transaction chain must additionally report the unique transaction identification code (trade ID) provided by the tradi ...
Chapter 11 PPP
Chapter 11 PPP

... Sell a bond that has declined in value, use the capital loss to offset other capital gains, and repurchase another bond of comparable credit quality ...
Municipal Bond Fund Report
Municipal Bond Fund Report

... encourage investors to look beyond any near-term volatility caused by it. The long-term drivers of valuations will be supply/demand trends, absolute yield levels, the shape of the yield curve, and credit fundamentals. In terms of our sector strategies, the hospital sector has performed well in 2017 ...
Introduction to Risk, Return and the Opportunity Cost of Capital
Introduction to Risk, Return and the Opportunity Cost of Capital

... does not mean that firms should practice it. As long as investors have the easy option, as they do today, to diversify on their own account, they do not pay any more for a firm that offers them diversification. An individual can invest in the steel industry this week and pull out next week. A firm c ...
02-1619 Commercial Paper.qxd
02-1619 Commercial Paper.qxd

... Commercial paper is short-term promissory notes issued by corporations and finance companies to raise funds for current expenses, working capital and other corporate purposes. When investors buy commercial paper, they are lending money to the issuing corporation. In return for this loan, the issuer ...
part 3: decision-makers in the financial system
part 3: decision-makers in the financial system

... to be equal to the changes in financial liabilities. The financial sector (financial markets and intermediaries) makes possible the required movement in capital (funds) between lenders (savers) and borrowers ( investors) in the financial system. The financial sector plays an important role in channe ...
Debt Equity Ratio - Sa-Dhan
Debt Equity Ratio - Sa-Dhan

... to leverage its equity is based on capital adequacy standards. It is important for all organisations to maintain a proper balance between debt and equity. If an MFI has a large amount of equity and very little debt, it is likely to limit its incomegenerating potential by not making use of external s ...
Statement of Cash Flows
Statement of Cash Flows

... sales revenue ...
Risk Management and Financial Institutions
Risk Management and Financial Institutions

... - How LIBOR yield curve be extended beyond one year? Usually, create a yield curve to represent the future short-term borrowing rates for AA-rated companies. - The LIBOR yield curve is also called the swap yield curve or the LIBOR/swap yield curve. - Practitioners usually assume that the LIBOR/swap ...
PDF - Allen Tate Mortgage
PDF - Allen Tate Mortgage

Month Sales Purchases April $72,000 $42,000 May 66,000 48,000
Month Sales Purchases April $72,000 $42,000 May 66,000 48,000

... July purchases (to be paid in August) ...
DollarsDirect - Treasury.gov.au
DollarsDirect - Treasury.gov.au

... credit reports are generally obtained from credit reporting agencies such as Veda Advantage. b. The reports are obtained by a credit provider prior to agreeing to enter into a credit contract with a consumer. The credit report is therefore obtained before there is a contract in place between the cre ...
The Real Effects of the Bank Lending Channel
The Real Effects of the Bank Lending Channel

... supply channel on the quantity of credit, there could be some positive real effects through the softening on credit terms. However, we find no evidence of any significant impact on real firm outcomes, including firm sales or employment. For the main regressions we directly analyze the impact of ex- ...
Target Asset Allocation
Target Asset Allocation

... To produce the graphs, asset classes are mapped to market indexes that Morningstar deemed to be representative of the asset class. A description of the asset class mappings to indexes appears below with descriptions of the indexes. We assume an initial investment value of $100,000 for each graph, an ...
Form 10-Q - Town Sports International Holdings, Inc.
Form 10-Q - Town Sports International Holdings, Inc.

... 2011 Senior Credit Facility On May 11, 2011, TSI, LLC entered into a $350,000 senior secured credit facility (“2011 Senior Credit Facility”). The 2011 Senior Credit Facility consisted of a $300,000 term loan facility (“2011 Term Loan Facility”) and a $50,000 revolving loan facility (“2011 Revolving ...
Cochrane`s Presentation
Cochrane`s Presentation

... The more risk averse are agents or the more risky their consumption, the larger is the expected return required to induce them to hold risky assets (assets that covary positively with consumption). ...
mmi13 Zimmermann  19075478 en
mmi13 Zimmermann 19075478 en

... bank and heterogeneity of agents. Loan applicants are endogenously divided into entrepreneurs and depositors according to their wealth. Not only are the loan supply and demand endogenous, changes in macroeconomic conditions generate distributional effects that feed back to the aggregate level in a g ...
DOC - Europa.eu
DOC - Europa.eu

... able to purchase the CDS. However, in order to be able to collect the "insurance" payment from the CDS seller (i.e. the protection seller) in case a credit event does occur, the protection buyer must deliver an equivalent amount of the debt (bonds or loans) of the reference entity to the protection ...
Chapter 2
Chapter 2

... Interest rates are determined by distinct supply and demand conditions within many maturity segments Investors and borrowers deviate from their preferred maturity segment only when adequately compensated to do so ...
< 1 ... 114 115 116 117 118 119 120 121 122 ... 257 >

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.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report