• 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
Fidelity Convertible Securities Investment Trust
Fidelity Convertible Securities Investment Trust

... Fidelity’s mutual funds are sold by registered Investment Professionals. Each Fund has a simplified prospectus, which contains important information on the Fund, including its investment objective, purchase options, and applicable charges. Please obtain a copy of the prospectus, read it carefully, a ...
Essay on Distress - OMICS International
Essay on Distress - OMICS International

... Financial distress occurs when a firm cannot meet contractual obligations on its debt financing [1,2]. It can occur due to illiquidity, lack of equity, non-payment of debts, and shortage of current assets [3]. This refers to as a weakening in a company’s financial condition caused by excessive finan ...
Risk Analysis in Capital Budgeting Solutions
Risk Analysis in Capital Budgeting Solutions

... Comment on the following statements: a. “Because our new expansion project has the same systematic risk as the firm as a whole, we need do no further risk analysis on the project.” Answer: Investors holding the firm’s stock in their portfolios will consider the systematic risk calculation most impor ...
Lecture Presentation to accompany Investment Analysis & Portfolio
Lecture Presentation to accompany Investment Analysis & Portfolio

Chapter One * Introduction - Mutual Fund Directors Forum
Chapter One * Introduction - Mutual Fund Directors Forum

- ePrints Soton
- ePrints Soton

... independent of the covariates. Most products show a distinctive ‘spike’ in the hazard curves after a certain time period. This may reflect the fact that customers are most likely to default at the end of their introductory fixed rate period, when they transfer onto a less favourable rate of interest ...
Uncertainty and the Disappearance of International Credit
Uncertainty and the Disappearance of International Credit

... has been widely documented (e.g. Adams, 1998). The transformation in institutional structures has also been noted: ...
21. Integrating the Components of a Financial Plan
21. Integrating the Components of a Financial Plan

... mortgage payment of $966 (including property taxes and homeowner’s insurance). I would like to pay off the car loan early if possible. The interest rate on that loan is 7.60%, and the interest is not tax-deductible. The principal remaining on the car loan will decrease over time as I pay down the de ...
US Economics Weekly Housing provides the foundation for above-trend growth Deutsche Bank
US Economics Weekly Housing provides the foundation for above-trend growth Deutsche Bank

Lorem ipsum dolor sit amet, consetetur sadip-scing
Lorem ipsum dolor sit amet, consetetur sadip-scing

... applicable from time to time to the SDOs and certain counterparties of derivative financial instruments of Capital Centre E, or 2) the above-mentioned tests imposed by the balance principle regulation have already been ...
1. Recognizing accounts receivable. 2. Valuing accounts receivable
1. Recognizing accounts receivable. 2. Valuing accounts receivable

... • The required balance in the allowance account is determined by applying the percentage to the accounts receivable balance at the end of the current period. • The amount of the adjusting entry to record expected bad debt losses for the current period is the difference between the required balance a ...
Bombay Stock Exchange Limited
Bombay Stock Exchange Limited

...  Issuer with post issue face value capital up to Rs.10 crores shall be covered under the SME Platform, Issuer with post issue face value capital between Rs.10 – 25 crores may get listed at SME Platform and Issue with post issue face value capital above Rs.25 crores has to necessarily listed at main ...
ratio - ENTR-203
ratio - ENTR-203

... firm’s current assets are available to meet short-term creditors’ claims.  Activity ratios indicate how efficiently a business is using its assets.  Leverage (debt) ratios indicate what percentage of the business assets is financed with creditors’ dollars. ...
an investment pattern of scheduled commercial banks in india
an investment pattern of scheduled commercial banks in india

... reserve must be of near-cash quality and so highly saleable. In extreme cases, the banker may resort to the reserve bank for funds. This does not mean, however, that the liquidity principle should be ignored. Some amount of liquidity in the investment account asset is necessary because they act as t ...
Lecture 3b Ch 11 Mortgage Markets
Lecture 3b Ch 11 Mortgage Markets

... protect the lender from financial loss. • PMI: insurance against default by the borrower • Qualifications: includes credit history, employment history, etc., to determine the borrowers ability to repay the mortgage as specified in the contact ACF 104 Financial Institutions ...
Determination of Rate of Return
Determination of Rate of Return

... The working out of such IRR now needs to be effectively depicted against specific risk and return matrix and its adjustment for a particular technology. The IRR thus allowed should clearly spell out and be reflective of a return which has built-in approach to account for various parameters, such as ...
The Valuation and Characteristics of Bonds
The Valuation and Characteristics of Bonds

... You decide to sell the bond Unfortunately, interest rates have risen Other investors now have a required rate of return of 11% • They can buy new bonds with an 11% coupon rate in the market for ...
Lecture Notes
Lecture Notes

... monetary exposure of the parties under the terms of the derivative instrument. As money usually is not due until the specified date of performance of the parties' obligations, lack of up-front commitment of cash may obscure the eventual monetary significance of the parties' obligations. An often ove ...
The bond risk premium
The bond risk premium

This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience
This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience

Chapter One: Asset Markets and Asset Prices
Chapter One: Asset Markets and Asset Prices

...  Minimizing performance risk is made via deposits in margin accounts: contracting parties agree to deposit funds with a third party. Econ 512 ...
Credit Creation Social Optimality Southampton Uni
Credit Creation Social Optimality Southampton Uni

The case for multi asset investment
The case for multi asset investment

... This document is provided for information purposes only and is intended only for the person or entity to which it is sent. It must not be reproduced or circulated to any other party without prior permission of Fidelity. This document does not constitute a distribution, an offer or solicitation to en ...
Working Paper 0809
Working Paper 0809

Examination Paper, Solutions and Examiner`s Report Certificate in
Examination Paper, Solutions and Examiner`s Report Certificate in

... The commercial activities and associated core competencies of a company will affect the risk appetite of that company. RRR manufactures a specialised home security product and may need to take risk by investing in research and development activities with uncertain outcomes with the aim of keeping at ...
< 1 ... 118 119 120 121 122 123 124 125 126 ... 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