• 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
Snímek 1
Snímek 1

... holding period is literally true only for discount bonds and zero-coupon bonds that make no intermediate cash payments before the holding period is over. A coupon bond that makes an intermediate cash payment before the holding period is over requires that this payment be reinvested is uncertain, the ...
Capital Structure, Hurdle Rates, and Portfolio Choice Interactions in
Capital Structure, Hurdle Rates, and Portfolio Choice Interactions in

A Brief Postwar History of US Consumer Finance
A Brief Postwar History of US Consumer Finance

... existed prior to World War II, some of the most popular investment innovations occurred in the postwar period. Those include money market funds (first offered in 1971), index funds (1976), index-linked CDs (1987) exchange-traded funds (1993) and a host of corporate securities aimed at retail invest ...
Private Placements - Canadian Structured Finance Law
Private Placements - Canadian Structured Finance Law

... – Conclusion – Private term issuance is becoming a significantly greater proportion of a smaller Canadian ABS market ...
RTF
RTF

... The Board of Directors of the North Carolina Self-Insurance Security Association shall notify the Commissioner of the individual self-insurers that are excluded from participating in the Association Aggregate Security System. (b) Repealed by Session Laws 2003-115, s. 3, effective January 1, 2004. (b ...
901KB - Australian Government Bonds
901KB - Australian Government Bonds

... Coupon Payment Date. If this day is not a Business Day, the preceding Business Day is the Record Date. ...
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level  7110/01
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level 7110/01

... Write your name, Centre number and candidate number on the Answer Sheet in the spaces provided unless this has been done for you. There are thirty questions on this paper. Answer all questions. For each question there are four possible answers A, B, C and D. Choose the one you consider correct and r ...
mFINANCE FRANCE S.A. €3,000,000,000 Euro Medium Term Note
mFINANCE FRANCE S.A. €3,000,000,000 Euro Medium Term Note

Risk, Return and Capital Budgeting
Risk, Return and Capital Budgeting

... asset and equity β’s and thus it is more difficult to use comparable firms’ data to determine the overall cost of capital for a specific project. The reason is that debt interest payments reduce taxes; thus, holding fixed the risk of the before-tax cash flows, more debt makes total after-tax cash fl ...
market risk - U of L Class Index
market risk - U of L Class Index

... expected returns from one asset are offset by better than expected returns from another ...
Bonds and Long
Bonds and Long

TITEL - VBA beleggingsprofessionals
TITEL - VBA beleggingsprofessionals

Certified Annual Report
Certified Annual Report

Underlying - UBS
Underlying - UBS

... Regulations 2005 of Singapore. UK – For the purpose of non-discretionary accounts, this Product should not be sold with a consideration of less than EUR 100,000 or equivalent. USA - This Product may not be sold or offered within the United States or to U.S. persons. ...
Depository System of Ukraine in reforming state
Depository System of Ukraine in reforming state

Financial Accounting END SEMESTER Examination
Financial Accounting END SEMESTER Examination

... b. The salvage value of a fixed asset c. The part of the cost of the fixed asset consumed during its period of use by the firm d. The amount of money spent on replacing asset ...
A Financial Risk and Fraud Model Comparison of Bear Stearns and
A Financial Risk and Fraud Model Comparison of Bear Stearns and

... Six different emerging models and ratios have been used to develop a red flag approach in screening for and identifying financial risk problems in publicly held companies in addition to traditional ratios. The models are available from the authors in an Excel file. 1. Quality of Earnings The quality ...
Trends in loans to the private sector and their fundamental
Trends in loans to the private sector and their fundamental

Box B: Measurement of Housing Arrears Graph B1
Box B: Measurement of Housing Arrears Graph B1

... amplified because average new loan sizes tend to increase over time, relative to the average size of loans already outstanding, as nominal housing prices and incomes rise. The criteria for defining a given loan as being in arrears can differ across countries and lenders. In Australia, housing loans ...
LoneStar 529 Fund Allocation Sheet
LoneStar 529 Fund Allocation Sheet

... 2. For Portfolios that invest in more than one Underlying Investment, based on a weighted average of each Underlying Investment’s expense ratio, in accordance with the Portfolio’s target asset allocation as of January 11, 2012; and for Portfolios that invest in one Underlying Investment, based on th ...
What should we make of the negative interest rates that
What should we make of the negative interest rates that

... Holding cash could seem to make more sense in many cases, however. For example, even if negative inflation is anticipated, holding cash at 0% interest could be a way of obtaining a better real return compared with that of an investment with a negative nominal interest rate. But this reasoning does n ...
fund risks - Royal London pensions for employers and trustees
fund risks - Royal London pensions for employers and trustees

Word 2002 Format
Word 2002 Format

... budget authority and the power to set fees, levy property taxes, and issue debt consistent with provisions of state statutes, also rests with the board of directors. (Add explanations of blended or discretely presented component units, if applicable.) For financial reporting purposes, the __________ ...
Section 1042: A tax deferred sale to an ESOP
Section 1042: A tax deferred sale to an ESOP

... IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, any U.S. federal tax information in this article is not intended, or written to be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code, or (2) promoting, marketing or recommending to a ...
English
English

... pay an interest amount on the loan amount. The interest amount is a portion of the total loan amount. Credit cards can sometimes have high interest rates sometimes upwards of 20%! In these cases the amount of interest you must pay can be very large. Simple Interest is calculated based on the loan am ...
< 1 ... 132 133 134 135 136 137 138 139 140 ... 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