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FINANCE 729 FINANCIAL RISK MANAGEMENT
FINANCE 729 FINANCIAL RISK MANAGEMENT

Company OJSC Transcontainer TIDM TRCN Headline Publication
Company OJSC Transcontainer TIDM TRCN Headline Publication

... statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may," or "might," or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. The Company does not intend t ...
chapter 69o-187 professional liability self
chapter 69o-187 professional liability self

... members. Any member of the Fund who fails to pay the required premiums, charges, and assessments after due notice shall be ineligible for membership until such past due account, including cost of collection, if any, has been paid. (3) Prohibiting the Trustees or the Service Agent of the Fund from ut ...
Assets
Assets

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I. Debt around the world

... The increased security provided by an orderly legal system should also entail less variable enforcement risk, leading to smaller differences in the tranches of the same loan. ...
SYNGENTA AG - FURTHER EXTENDED TENDER OFFER OPTION
SYNGENTA AG - FURTHER EXTENDED TENDER OFFER OPTION

... etc.) may also automatically attach to securities deliverable upon option exercise. Conversely, securities not included in the contract deliverable at the time of the option exercise not associated with the underlying deliverable securities, may preclude call exercisers from realizing the benefit of ...
The Balance-of-Payments Accounts
The Balance-of-Payments Accounts

... • Balance of payments accounts are a way of keeping track of all economic transactions between the home country and the rest of the world over a specific time period (usually one year). ...
Navigating Interest Rate Cycles with the Laddered Bond Portfolio
Navigating Interest Rate Cycles with the Laddered Bond Portfolio

... The BofA Merrill Lynch Municipal Indexes track the performance of the investment-grade U.S. tax-exempt bond market. Qualifying bonds must have at least one year remaining term to maturity, a fixed coupon schedule, and an investment grade rating (based on average of Moody’s, S&P, and Fitch). The perf ...
Data and a lack thereof
Data and a lack thereof

HOW THE THAI REAL ESTATE BOOM UNDID FINANCIAL INSTITUTIONS
HOW THE THAI REAL ESTATE BOOM UNDID FINANCIAL INSTITUTIONS

foreign credit sales
foreign credit sales

...  Become more competitive by offering credit terms  Your customer would prefer to use your money rather than theirs  Interest rates are high in many countries ...
PowerPoint-presentasjon
PowerPoint-presentasjon

... The shift that occurs from Q1 2015 is ...
Revenue Recognition Certificates
Revenue Recognition Certificates

bam_513financial_mangement_final_exam
bam_513financial_mangement_final_exam

... a lower cost of equity for the corporation paying the dividend. a higher relative cost of bond-financing for the corporation paying the dividend. ...
Gerry Co - JustAnswer
Gerry Co - JustAnswer

... Gerry Co. has a gross profit of $880,000 and $360,000 in depreciation expense. Selling and administrative expense is $120,000. Given that the tax rate is 40 percent, compute the cash flow for Gerry Co. ...
Chapter 5 The Financial Environment: Markets, Institutions, and
Chapter 5 The Financial Environment: Markets, Institutions, and

... distributed to the fund’s shareholders after the deduction of operating expenses. Different funds are designed to meet different objectives. Money market funds are mutual funds which invest in short-term debt instruments and offer their shareholders check writing privileges; thus, they are essentia ...
The £13 billion sale of former Northern Rock assets (Summary)
The £13 billion sale of former Northern Rock assets (Summary)

... have required HM Treasury to repay the £8 billion private sector debt attached to the Granite assets, and would have removed the existing financing available to prospective purchasers, potentially limiting their number. As a result no detailed quantification was made at this stage. During the biddin ...
Adjustable Rate Mortgage
Adjustable Rate Mortgage

... Adjustable Rate Mortgages Advantages For Borrower Usually __________________ interest rate than fixed rate With lower rate borrower can qualify for __________________ loan BUT when interest rates rise, payment rises For Lender Allows lenders to better match long term loan interest rates to short ter ...
FCA bans the promotion of UCIS and close substitutes to ordinary
FCA bans the promotion of UCIS and close substitutes to ordinary

Credit Risk Transfer
Credit Risk Transfer

... Most of the estimated variables such as the Islamic banks total lending to asset ratio (TL/A), equity capital to assets ratio (CAP/A), liquidity to assets ratio (LIQ/A), profitability ratio (ROA), and credit risk transfer (CRI) proxy by dummy variables, Gross Domestic Product (GDP) and the exchange ...
Fiancial Accounting
Fiancial Accounting

... • Other Income Other income includes revenue from indirect source of income, such as return on investment, profit on PLS account, Sale of scrap etc. Administrative and Selling Expenses  All costs that are incurred for the purpose of business but are not directly related to production are classified ...
Corporate Finance Chap 1
Corporate Finance Chap 1

The State of Financial Guaranty Insurance
The State of Financial Guaranty Insurance

... interest rates. • Asset-backed securities on mortgages are created also known as mortgage backed securities (MBSs). At first with normal mortgages. • As housing boom continues after 2002, new assetbacked securities are created, but these new securities included sub-prime mortgages. • Some of these s ...
Financial Management
Financial Management

... • Equity Capital: shareholders’ investment in the firm. • Preferred Stockholders: received fixed dividends, and have higher priority than common stockholders in event of liquidation of the firm. • Common Stockholders: residual owners of a business. They receive whatever is left after creditors and p ...
Problem Set #1 Answers
Problem Set #1 Answers

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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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