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primary dealership in ghana
primary dealership in ghana

... Multiple-price Auction – A competitive auction whereby securities are sold at the highest price / lowest yield and each successful bidder pays the price that was bid. Notional Bond Holding Limit – The minimum amount a PD is required for trading in GoG securities. Primary Dealer - Any entity duly lic ...
Canadian Securities Traders Association, Inc.
Canadian Securities Traders Association, Inc.

... protection would apply to “protected orders’. We believe that the fact that FX rates are continually changing and the fact that there is no assurance that a favorable FX trade could be executed, such that a trade on a foreign exchange is in fact at a “better” price, implies that orders on a foreign ...
Regulatory Notice 12-40
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National Institute of Securities Markets

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... Asset Classes and other Investments used in the LTIP Equity-Like: 1. Domestic Equities: Equity investments in US companies are typically among the most liquid and well-researched opportunities. This class will typically be diversified in terms of style and capitalization and may use both active and ...
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... Risk of default of assets for affiliated investments (e.g., downstream insurance subsidiaries) Parent is required to hold an equivalent amount of risk-based capital to protect against financial downturns of affiliates. For life companies, off-balance sheet items are included in this risk component i ...
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Types of structured equity products

Quantitative Investment Analysis by Richard A. DeFusco/ CFA
Quantitative Investment Analysis by Richard A. DeFusco/ CFA

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... Some can, if they qualify, enter programs like income-based repayment, which extend the length of repayment of a loan, but limit the monthly payment to a manageable 15 percent of adjusted gross income.30 Policymakers can help borrowers struggling with private lenders to find fair repayment terms tha ...
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... OUE Hospitality REIT Management Pte. Ltd., as manager of OUE Hospitality Real Estate Investment Trust (“OUE H-REIT”, and the manager of OUE H-REIT, the “REIT Manager”), and OUE Hospitality Trust Management Pte. Ltd., as trustee-manager of OUE Hospitality Business Trust (“OUE H-BT”, and the trustee-m ...
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... Fixed Rate Bonds: These are bonds on which the coupon rate is fixed for the entire life of the bond. Most government bonds are issued as fixed rate bonds. Floating Rate Bonds: Floating rate bonds are securities that do not have a fixed coupon rate. The coupon is re-set at pre-announced intervals (say, ...
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... amortization schedule. 5. Identify when mortgage insurance premiums are required and how these premiums affect payment amount. 6. Understand different types of mortgages (e.g., ARM, Balloon, Home Equity Line). Calculate the costs associated with mortgages. 1. Calculate how principal and interest are ...
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... through a non-exchange transaction, i.e., they are issued for no consideration or for nominal consideration, often in order to further the issuer’s broad social policy objectives, rather than for commercial purposes. While entities may issue guarantees at below fair value in the private sector, this ...
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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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