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Short-Term Savings Vehicles: Money Markets, MARS and VRDOs
Short-Term Savings Vehicles: Money Markets, MARS and VRDOs

... aware of these fees. Convenience can also come into play when choosing a money market fund. For example, an investor might be willing to pay relatively higher expenses for the convenience of check-writing privileges, or for having most of his or her investments with one custodian. A word of caution ...
ANALYZING BANK FINANCIAL PERFORMANCE
ANALYZING BANK FINANCIAL PERFORMANCE

... For reporting purposes, banks are required to designate securities either as held-tomaturity, available-for-sale, or held in a trading account. Regulators require different accounting for each class of securities consistent with the perceived intent behind their purchase. Securities designated as he ...
bank opacity and information asymmetry around quarterly earnings
bank opacity and information asymmetry around quarterly earnings

... By definition, when a loan is not performing it becomes non-performing loan, and if a non-performing loan is 90days or more past-due and still non-accrual then it becomes past-due and non-accrual loan. Further if a past-due or non-accrual is still not performing then bank restructure these loans and ...
Appendix A
Appendix A

... portfolios, so the interest rate risk of variable rate borrowing can be offset by holding variable rate investments. Options B and D are considered unsuitable because the method of calculation does not reflect adequately the bond portfolio and would result in percentages that are either negative or ...
Element of the cash flow statement
Element of the cash flow statement

... assets = liabilities + shareholders' equity, then Cash + other assets = liabilities + shareholders' equity and Cash = -other assets + liabilities + shareholders' equity and Cash = -other assets + liabilities + shareholders' equity where Cash is the change in the cash account - the focus of the ...
property, plant and equipment (ppe) structure
property, plant and equipment (ppe) structure

...  Determining if further classes are needed for disclosure and respective lives  Deciding how to measure beginning balances (cost or fair value) An entity that adopts accrual accounting for the first time in accordance with IPSAS shall initially recognise PPE at: ...
Revised Schedule VI
Revised Schedule VI

... Due to be settled within twelve months after the reporting date,or There is no unconditional right to defer settlement for at least 12 months after the reporting date. ...
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... clusion in the portfolio increases systematic risk and exposure to market variations (Prigent, 2007, p. 118). Beta coefficient is used for the valuation of the securities to be added to the portfolio, because this coefficient measures the additional risk caused by the inclusion of new security in th ...
risk - Harvard Kennedy School
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... • Now add the upward-sloping supply of funds curve. • i includes a default premium, which probably depends in turn on db/dt. • => It may be difficult or impossible to escape the unstable path – without default, write-down, or restructuring of the debt, – or else inflating it away, • if you are lucky ...
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non-discretionary portfolio - Alternative Capital Partners
non-discretionary portfolio - Alternative Capital Partners

... Our private wealth management service is designed for high net-worth clients whose investment needs, goals and priorities are unique and require specific attention. We take time to understand your unique investment needs and proffer bespoke investment management solutions. We aim to provide our priv ...
Calvert Green Bond Fund
Calvert Green Bond Fund

... Fixed income markets have recently experienced a period of relatively high volatility due to rising U.S. treasury yields which, in part, reflect the market’s expectations for higher U.S. economic growth and inflation. As a result of the Federal Reserve’s recent decision to raise the target fed funds ...
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... The S&P 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value-weighted index, with each stock’s weight in the index proportionate to its market value. The S&P MidCap 400 Index measures the performance of the mid-size company segme ...
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... near-term outlook and want to reduce risk, they might want to dial back their exposure. By contrast, volatility can be increased as a way of adding octane if the market is powering into a rally. Volatility adjustments can be useful in bringing a portfolio closer into line with investors’ objectives. ...
Title of Presentation Here - University of Utah Continuing Education
Title of Presentation Here - University of Utah Continuing Education

Download Syllabus
Download Syllabus

Treasury Management Strategy
Treasury Management Strategy

... recognising that the new funding arrangements with Barclays and GBSH are now in place. Due to the high level of fixed rate debt that will be in place for the next two years it is unlikely that any material change in strategy will be required before March 2016. However, the situation will be kept und ...
Launch by GBL of an exchangeable bond for GDF SUEZ shares
Launch by GBL of an exchangeable bond for GDF SUEZ shares

... subsidiary GBL Verwaltung S.A. of approximately EUR 1 billion of bonds (the “Bonds”) exchangeable into existing ordinary shares of GDF SUEZ S.A. (“GDF SUEZ”). The offering of the Bonds relates to almost half the shares held by GBL – that is approximately 54 million GDF SUEZ shares representing 2.3% ...
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Morningstar, Inc. (Form: 8-K, Received: 02/03/2017 16:02:43)
Morningstar, Inc. (Form: 8-K, Received: 02/03/2017 16:02:43)

... allocation in its role of representing shareholders’ interests. For dividends, rather than targeting a specific payout ratio, we consider factors such as our available cash balance and other potential uses of capital, such as reinvestment in the business, stock repurchases, debt repayment, and merge ...
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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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