• 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
Real Estate Principles
Real Estate Principles

... space markets. Landlords and tenants in space markets negotiate and determining rents, which produces cash flows that are of primary concern to participants in the real estate asset market. If the cash flows are attractive in the real estate asset market relative to other capital asset categories, t ...
2015 Glossary of Senior Living Finance Terms
2015 Glossary of Senior Living Finance Terms

Breitburn Energy Partners LP (Form: 8
Breitburn Energy Partners LP (Form: 8

... No trustee has been appointed and the Partnership will continue to manage itself and its affiliates and operate their businesses as “debtors in possession” subject to the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of th ...
The Accounting Equation
The Accounting Equation

... impact on the business Usually requires an exchange with an outside entity Must be able to measure this exchange in dollars All transactions affect the accounting equation through specific accounts ...
Debt Management Policy - Massachusetts Municipal Association
Debt Management Policy - Massachusetts Municipal Association

... a municipality borrows $5 million in a fiscal year, it may be subject to an arbitrage penalty. However, if it absolutely necessary to borrow that much in a year, the penalty may be avoided by spending the money within a certain time period (10% within 6 months; 45% within 12 months; 75% within 18 mo ...
European banks` balance sheets strongest for a
European banks` balance sheets strongest for a

... Possible causes of the weakness in European bank assets abound. First, a number of idiosyncratic events may have undermined investor confidence: the restructuring of four small Italian banks last year, continued problems at a troubled Portuguese bank and meaningful losses at two major European banks ...
notes 2nd midterm
notes 2nd midterm

... Reserves. All banks must hold some funds to satisfy the withdrawals of their depositors (known as vault cash), and they are also required to hold some funds in deposits at the Fed. The some of these holdings are the bank's reserves. Some of the reserves are required reserves that much be held by law ...
Working Capital Management
Working Capital Management

... Interpreting the Ratios  •  A business needs to have enough cash (or “cash to come”) to be  able to pay its debts  •  Obviously, a current ratio comfortably in excess of 1 should be  expected – but what is comfortable depends on the kind of  business  •  Some businesses find it hard to turn stock a ...
Expected Return Standard Deviation Increasing Utility
Expected Return Standard Deviation Increasing Utility

Chapter 17 An Introduction to the Process of Real Estate Finance
Chapter 17 An Introduction to the Process of Real Estate Finance

...  Securitization is the process of converting an individual mortgage into a security, often is pooled form where many similar mortgages are combined, that is then sold to investors in secondary markets “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner ...
Regulatory Notice 14-23
Regulatory Notice 14-23

... (hybrid securities) must be reported to FINRA. Specifically, the SEC approved an interpretation regarding the appropriate trade reporting facility to which firms should report transactions in the following three types of hybrid securities: (1) unlisted depositary shares having a liquidation preferen ...
Outlook - KMG Private Wealth Management
Outlook - KMG Private Wealth Management

Rating Action: Moody`s affirms HMN Naturgas I/S Aaa debt rating
Rating Action: Moody`s affirms HMN Naturgas I/S Aaa debt rating

... not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and, consequently, the rated obligation will not qualify for certain types of treatme ...
A Time-Series Analysis of US Savings and Loan Performance: Major Trends and Policy Issues After the Housing Crisis:
A Time-Series Analysis of US Savings and Loan Performance: Major Trends and Policy Issues After the Housing Crisis:

... While high interest rates and inflation during the early 1980s hampered financial growth, mortgage loan volume has shown a dramatic increase since 2000. The recent financial expansion illustrates the ―confluence of rising borrower demand, historically low interest rates, intense lender competition, ...
part 3: decision-makers in the financial system
part 3: decision-makers in the financial system

... and intermediaries) makes possible the required movement in capital (funds) between Page 2 of 5 ...
Credit Rating Agencies` Decisions and ISDA`s Credit Events
Credit Rating Agencies` Decisions and ISDA`s Credit Events

... party), clearly, can be influenced. Similarly, the same situation can be occurred (because it is a right, not an obligation) not only with the specific affected counterparty, but also with all other counterparties, which have entered into a such agreement (ISDA MA) and have incorporated clauses for ...
Capital Structure Composition and Solvency
Capital Structure Composition and Solvency

... • Earnings coverage of preferred dividends ratio – Computation must include in fixed charges all expenditures taking precedence over preferred dividends. – Since preferred dividends are not tax deductible, after-tax income must be used to cover them. ...
A quantitative take on recent market volatility
A quantitative take on recent market volatility

... well as sentiment. When we look at sentiment, we look at things like earnings revisions and sales revisions. So, again coming from a very low level we’re not quite bullish on it yet but we’re much less bearish than we used to be. From a sector allocation perspective, we did add exposure within do ...
our NCUA Proposed CUSO Regulations
our NCUA Proposed CUSO Regulations

Discrete Math Review, Chapter 8
Discrete Math Review, Chapter 8

... B. How much of the $25,000 comes from deposits and how much comes from interest? $4,040 ...
UBS Investor Watch
UBS Investor Watch

II. Private Debt - University of Sussex
II. Private Debt - University of Sussex

... It is important to note that here we assume a fixed proportion of the original investment can be recovered from the original investment in the event of default. An alternative assumption could be to assume a recovery of the investment value from the previous period i.e. Si,T-1 in this case. ...
IFC`s Poverty Focus - International Finance Corporation
IFC`s Poverty Focus - International Finance Corporation

Falcon-Investor-Presentation
Falcon-Investor-Presentation

... LTM Revenue ...
the discussion note
the discussion note

... by markets, studies show that expected returns vary more over time and across assets than can be accounted for by traditional models where the variation of discount rates is constant. In these models, changes in future expected payoffs are calibrated to match the statistical properties of observed t ...
< 1 ... 141 142 143 144 145 146 147 148 149 ... 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