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The balance sheet: Telling a balanced story
The balance sheet: Telling a balanced story

... Investors like companies that pay off debt — it makes intuitive sense to individuals, on whom debt is a drain. However, businesses take on debt for a variety of reasons. Debt financing is cheaper than equity financing, partly because interest payments are tax-deductible. The market also tends to pun ...
Average Performance of Bonds Based on Monthly Interest
Average Performance of Bonds Based on Monthly Interest

... Government bonds and Treasury bills are guaranteed by the full faith and credit of the U.S. government as to the timely payment of principal and interest. U.S. government bonds may be exempt from state taxes and income is taxed as ordinary income in the year received. With government bonds, the inve ...
Green bonds - Squarespace
Green bonds - Squarespace

... disclaim any liability with regard to the same. Before entering into any transaction you should take steps to that you understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the pos ...
200 kb PowerPoint presentation
200 kb PowerPoint presentation

Intermediate-Term Municipal Bond
Intermediate-Term Municipal Bond

... bonds and pre-refunded bonds, all in the maturity range of 2 to 17 years. To be included in the index, bonds must be rated investment-grade (Baa3/BBB- or higher) by one or more of the following rating agencies: Moody’s, S&P, or Fitch (using the lower of two, or the middle of three ratings). Bonds mu ...
Atlas - Atlas - Paying for College
Atlas - Atlas - Paying for College

... 9.1.12.C.3 Compute and assess the accumulating effect of interest paid over time when using a variety of sources of credit. Copyright © State of New Jersey, 1996 - 2016. ...
Asset Policy - Dove House School Academy
Asset Policy - Dove House School Academy

... (b) are expected to be used during more than one financial year. This policy will outline the procedures for the recognition and recording of fixed assets including purchasing, disposals, depreciation and impairment. All fixed assets above £5,000 in value are recorded in the Asset Register along wit ...
risk management
risk management

Real Money Rob Rikoon Good news for retirees: low
Real Money Rob Rikoon Good news for retirees: low

... they now face significant market risk as interest rates rise. A 10 year bond drops nearly 10% in price when interest rates go up 1%. Investors who own short-term bonds face a paper decline of only 2% for every 1% rise in interest rates. Interest rates will rise because that is the only direction the ...
Nuveen High Yield Municipal Bond Fund
Nuveen High Yield Municipal Bond Fund

... Mutual fund investing involves risk; principal loss is possible. Debt or fixed income securities such as those held by the fund, are subject to market risk, credit risk, interest rate risk, call risk, tax risk, political and economic risk, and income risk. As interest rates rise, bond prices fall. C ...
FREE Sample Here
FREE Sample Here

... Which of the following statements is not true about the law of one price a. investors prefer more wealth to less b. investments that offer the same return in all states must pay the risk-free rate c. if two investment opportunities offer equivalent outcomes, they must have the same price d. investor ...
Portuguese Banking System
Portuguese Banking System

Great Panther shares higher, resumes mining at Topia, Mexico
Great Panther shares higher, resumes mining at Topia, Mexico

Blackstone Real Estate Income Trust, Inc.
Blackstone Real Estate Income Trust, Inc.

... Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ...
Trade Credit Insurance
Trade Credit Insurance

... Insurance Policy Discounting Facility (IPDF) Under the IPDF the policyholder may discount up to 80% of its receivables, under an approved revolving credit limit  This credit limit is based on an assessment of the policyholder’s financial status, as well as the approved Special Buyer Credit Limits  ...
ICPAK-Impairment of Assets
ICPAK-Impairment of Assets

California Real Estate Finance, 10e - PowerPoint
California Real Estate Finance, 10e - PowerPoint

Document
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... considering regulation of Internet portals. Internet portals do not fall within the jurisdiction of the SEC. Absent direction from Congress, there is no basis for the SEC to extend regulation to Internet portals. Under the Securities Exchange Act, a person is subject to broker-dealer regulation if t ...
Opportunities for Corporate Finance in Latin American Capital Markets
Opportunities for Corporate Finance in Latin American Capital Markets

... were able to place bonds in international markets and also in local markets. Total private bonds outstanding increased approximately US$20,000 million in five countries. Local bond markets were VERY receptive to new issues. ...
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Board Consolidated Biography Page
Board Consolidated Biography Page

... industry. As an executive at McGriff, Siebels & Williams, Inc., he collaborates on strategy while striving for cost effective outcomes and takes great pride in helping clients with their bottom line while reducing their Total Cost of Risk. Married for 20 years with children, he is very involved with ...
Financing Young, Beginning, and Small Farmers: The Farm Credit System
Financing Young, Beginning, and Small Farmers: The Farm Credit System

The Oak Financial Times - Oak Financial Group, Inc.
The Oak Financial Times - Oak Financial Group, Inc.

Chapter 3 Delineating Efficient Portfolios
Chapter 3 Delineating Efficient Portfolios

... find the optimal percentage in each asset, take the derivative of the risk equation with respect to Xc ...
Comparison Between Original and Amendments to
Comparison Between Original and Amendments to

... 5. Where any item required to be placed into a public announcement pursuant to these provisions is incorrect or not placed in the announcement and it is required to be supplemented, the whole announcement shall be remade and placed into a public announcement. ...
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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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