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This PDF is a selection from a published volume from... Bureau of Economic Research
This PDF is a selection from a published volume from... Bureau of Economic Research

Finance and Accounting For Non-Financial Managers
Finance and Accounting For Non-Financial Managers

IFM7 Chapter 17
IFM7 Chapter 17

High Yield Bond Basics
High Yield Bond Basics

... the potential for greater capital or price appreciation in the event of a ratings upgrade, an economic upturn or improved performance at the issuing company. High Yield bonds are generally less sensitive to interest rate risk and, over the long run, tend to offer equity-like returns with less volati ...
Compiled by CA. Aditya Kumar Maheshwari AS – 30 :: Financial
Compiled by CA. Aditya Kumar Maheshwari AS – 30 :: Financial

... Permitted to be transferred from AFS to HTM or at Cost on fulfillment of three conditions:  Change of intention (Say to be kept till maturity)  Fair Value no longer available  In preceding two years, assets from HTM have not been sold The fair value as on the date of classification becomes cost. ...
assets - Wiley
assets - Wiley

... Common stock Retained earnings Equipment Insurance expense Supplies Supplies expense Cash Dividends ...
MACRO HEDGING OF INTEREST RATE RISK INTRODUCTION
MACRO HEDGING OF INTEREST RATE RISK INTRODUCTION

... method or gapping method as described in section II.C.) does not determine the accounting approach to be used. Under either approach, any ineffectiveness (which are caused by events that lead to an overhedged portfolio as described in section II.C.) that occurred has to be recognised immediately in ...
Valuation: Introduction
Valuation: Introduction

Changing patterns of financial intermediation
Changing patterns of financial intermediation

... for its funding to widely dispersed private and public sector deposits of shortand medium-term maturities. Such deposits have become the banks’ main source of funds, this representing one of the most important developments for the financial system over the decade. Private sector deposits represented ...
CYCLICAL PATTERNS IN PROFITS, PROVISIONING AND
CYCLICAL PATTERNS IN PROFITS, PROVISIONING AND

... liberally during a cyclical downswing, the argument being that risk premiums are, in fact, assumed to be insufficient cover for the increased risk or inadequate due to adverse selection and moral hazard problems (Stiglitz and Weiss, 1981). Secondly, there are several channels through which the busin ...
The carry trade and recent yen movements
The carry trade and recent yen movements

Economics of Money, Banking, and Fin. Markets, 10e, Global Edition
Economics of Money, Banking, and Fin. Markets, 10e, Global Edition

... 10) A substantial decrease in the aggregate price level that reduces firms' net worth may stall a recovery from a recession. This process is called A) debt deflation. B) moral hazard. C) insolvency. D) illiquidity. Answer: A Ques Status: Previous Edition 11) A possible sequence for the three stages ...
Building an Effective Stress Testing Process
Building an Effective Stress Testing Process

... institution can stand to lose without becoming insolvent • Promote public confidence • Confident institution will survive to provide benefits in the future • Instills confidence in the financial system as a whole ...
Monthly Economic and Financial Developments December 2005 Release Date: 31 January 2006
Monthly Economic and Financial Developments December 2005 Release Date: 31 January 2006

Consumer Credit Business and the Financing Dilemma of SMBs
Consumer Credit Business and the Financing Dilemma of SMBs

PUF Investment Policy
PUF Investment Policy

... of low correlation with listed equities and fixed income instruments. The disadvantages of this asset class are that they may be illiquid, require higher and more complex fees, and are frequently dependent on the quality of external managers. In addition, they possess a limited return history versus ...
Monetary Policy and the Risk-Taking Channel
Monetary Policy and the Risk-Taking Channel

Sundiro Holding Co., Ltd. The Third Quarter of 2012
Sundiro Holding Co., Ltd. The Third Quarter of 2012

... Net cash received from disposal of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other business units Other cash received from investing activities Sub-total of cash inflows from investing activities Cash paid for acquisition of fixed ...
Shadow Bank Monitoring - Federal Reserve Bank of New York
Shadow Bank Monitoring - Federal Reserve Bank of New York

Recent Developments in Transferring Risk - mynl.com
Recent Developments in Transferring Risk - mynl.com

Introduction - I-Board Allied Schools
Introduction - I-Board Allied Schools

Determinants of  the Incidence of Loan Modifications
Determinants of the Incidence of Loan Modifications

financial market
financial market

Financial Report 2014--15
Financial Report 2014--15

... with more than three million gross square feet of space on 147 acres. The college’s facilities have a replacement value of approximately $1.2 billion, making them the college’s second most valuable asset after the endowment. In order to maintain these vital assets, the college continues its commitme ...
Report 2015 - Savings and financing the Belgian economy
Report 2015 - Savings and financing the Belgian economy

... In addition to increasing their gross capital formation, non-financial corporations also used the first nine months of 2015 to acquire financial assets to the tune of € 5.7 bil‑ lion as well as € 0.4 billion in non-produced non-financial assets. Contrasting markedly with last year’s sale of a propor ...
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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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