• 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
Forecasting Bond Prices and Yields
Forecasting Bond Prices and Yields

... that Seminole Financial, Inc. has a portfolio of bonds with the required return (k) on each type of bond as shown in the upper portion of Exhibit 8A.2. Interest rates are expected to increase, causing an anticipated increase of 1 percent in the required return of each type of bond. Assuming no adjus ...
Mutual Life Dividend Rates – March 2017
Mutual Life Dividend Rates – March 2017

... but appear to make up for the difference with larger allocations to mortgages (primarily commercial). In each case, the mutual companies are allocating higher percentages of their general account to assets considered more risky than the investment-quality bonds that comprise the bulk of most life in ...
Springleaf Holdings, Inc.
Springleaf Holdings, Inc.

... adjustments are preliminary and are subject to change as additional information becomes available and as additional analyses are performed. The preliminary pro forma adjustments have been made solely for the purpose of providing the unaudited pro forma condensed combined financial information presen ...
Lecture Presentation to accompany Investment
Lecture Presentation to accompany Investment

... Risk Aversion Given a choice between two assets with equal rates of return, most investors will select the asset with the lower level of risk. ...
Exchange rate risk and internationally diversified
Exchange rate risk and internationally diversified

... acquisition in that country when exchange rates are volatile. By comparison, any subsequent acquisitions in this country should yield very limited gains because of high positive asset correlation. In fact, it is conceivable that the positive correlation among these assets is so high that, for purpos ...
gatton.uky.edu
gatton.uky.edu

Basel III Pillar 3 Regulatory Capital Disclosures
Basel III Pillar 3 Regulatory Capital Disclosures

... exposures. CET1 capital primarily includes common stockholders’ equity, accumulated other comprehensive income (AOCI), and retained earnings less deductions for certain items such as goodwill, gains related to securitization transactions, intangibles, and minority interest, as well as certain items ...
Changing Interest Rates: The Impact on Your Portfolio
Changing Interest Rates: The Impact on Your Portfolio

... Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. There is no guarantee a fund’s objectives will be ac ...
SEC Proposes Two New Event Notices for Municipal Bond
SEC Proposes Two New Event Notices for Municipal Bond

... examples in the Proposing Release, but is customarily reluctant to define “materiality.” Consequently, if this new event notice is added to Rule 15c2-12, issuers and obligated persons will need to consult with counsel and advisers regarding new financial obligations and whether such obligations are ...
Investment Strategy – Second Quarter 2015 - Morgans
Investment Strategy – Second Quarter 2015 - Morgans

here - University of Minnesota Extension
here - University of Minnesota Extension

... Liquidity, Solvency, Profitability, Repayment Capacity and Efficiency have become standards in the agricultural industry and are generated from these financial statements. A “Balance Sheet” lists Assets, Liabilities and Net Worth as of a certain date. It can be thought of as a “snapshot” of your fin ...
How to foster investments in long-term assets such as
How to foster investments in long-term assets such as

Jefferson Utilities
Jefferson Utilities

... The annual report consists of two parts: Management’s Discussion and Analysis and the basic financial statements as well as the independent auditor’s report. An analysis of the utilities’ financial position begins with a review of the Statement of Net Assets, and the Statement of Revenues, Expenses ...
Did the Commercial Funding Paper Facility Prevent a Great
Did the Commercial Funding Paper Facility Prevent a Great

... The other measure of security-funded credit, CPBLMIX¸ is the ratio of domestic issued commercial paper to itself plus bank loans (Figure 2). The numerator includes commercial paper issued by financial corporations to track asset-backed commercial paper that largely funded loans to nonfinancial corpo ...
1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

... Payable to brokers and dealers Securities sold, not yet purchased - at market Accrued income taxes Real estate mortgages Capital lease obligations Accounts payable, accrued expenses and other including $457,410 and $1,317,266 to affiliates at December 31, 1998 and December 31, 1997, ...
Structured convertibles
Structured convertibles

... commodity in exchange for a lower coupon rate and better terms in bond indentures.  Payouts can be in either the commodity or its cash equivalent. Investors looked to metal to preserve their capital when inflation is pronounced. ...
RIT Consolidated Financial Statements - June 30, 2011 and 2010
RIT Consolidated Financial Statements - June 30, 2011 and 2010

Liquor Store Business Valuation
Liquor Store Business Valuation

A Structured Approach to Stress Testing Residential Mortgage Portfolios
A Structured Approach to Stress Testing Residential Mortgage Portfolios

5 - Blackwell Publishing
5 - Blackwell Publishing

... A zero coupon bond is a bond that makes no periodic interest payments and sells at a deep discount from its par value. The buyer of a zero coupon bond receives that rate of return by the gradual appreciation of the security, which the buyer redeems at face value on a specified maturity date. A float ...
High Quality High Yield Select UMA Seix Advisors
High Quality High Yield Select UMA Seix Advisors

... to be more volatile than investment-grade fixed-income securities. Investing in lower-rated securities presents greater risk of loss of income and principal than higher-rated securities and are considered to be predominantly speculative with respect to the payment of interest and repayment of princi ...
Chapter 5 Overheads
Chapter 5 Overheads

... You can purchase up to $5,000 worth of I Bonds annually (each calendar year). NOTE: You can purchase up to $5,000 in EE Bonds as well, totaling $10,000 max annually in paper bonds as of January 1, 2008. An individual may also purchase $5,000 in ELECTRONIC EE Bonds as well as an additional $5,000 in ...
Personal Management
Personal Management

... Explain to your merit badge counselor the following: A. What a loan is, what interest is, and how the annual percentage rate (APR) measures the true cost of a loan. B. The different ways to borrow money. C. The differences between a charge card, debit card, and credit card. What are the costs and pi ...
Illiquid assets - Select Investment Partners
Illiquid assets - Select Investment Partners

... This is particularly the case for portfolios being managed on a long-term basis only with little impact from, or risk of, net capital withdrawals or need to price on a very frequent basis. Typical institutional examples are endowment funds and sovereign wealth funds that also have the scale to gain ...
Performance and Growth - delivering on our commitments
Performance and Growth - delivering on our commitments

... • EPS growth above peer average (target 10+%) • ROE over 20% • Cost-income ratio comfortably in the 40’s • Inner Tier 1: ...
< 1 ... 128 129 130 131 132 133 134 135 136 ... 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