Shifting the Lens – A De-Risking Toolkit for Impact Investment
... principal, or a significant portion of their principal, is protected. A good example of those concerned about captial risk might be the trustees of foundation endowments, who need to believe that, in their lowerrisk investment strategies, they can at least recover their principal, from which they ca ...
... principal, or a significant portion of their principal, is protected. A good example of those concerned about captial risk might be the trustees of foundation endowments, who need to believe that, in their lowerrisk investment strategies, they can at least recover their principal, from which they ca ...
Word - corporate
... agreement that has been amended and may in the future be amended from time to time. The August 2001 amendment, among other things, designated us as transferor in replacement of Comenity Bank, formerly known as World Financial Network Bank and successor to World Financial Network National Bank. The b ...
... agreement that has been amended and may in the future be amended from time to time. The August 2001 amendment, among other things, designated us as transferor in replacement of Comenity Bank, formerly known as World Financial Network Bank and successor to World Financial Network National Bank. The b ...
The Community Reinvestment Act, Bank
... The CRA requires that each insured depository institution's record in helping meet the credit needs of its entire community be evaluated periodically (typically every three to five years). That record is taken into account in considering an institution's application for deposit facilities (i.e. bran ...
... The CRA requires that each insured depository institution's record in helping meet the credit needs of its entire community be evaluated periodically (typically every three to five years). That record is taken into account in considering an institution's application for deposit facilities (i.e. bran ...
a PDF of the full article
... AMCs tend to distinguish market stress tests, which simulate the impact of turbulence on one or several markets on the fund’s net asset value, from liquidity stress tests, which simulate the impact of a high volume of redemption requests on the fund’s liabilities (possibly during a period of low mar ...
... AMCs tend to distinguish market stress tests, which simulate the impact of turbulence on one or several markets on the fund’s net asset value, from liquidity stress tests, which simulate the impact of a high volume of redemption requests on the fund’s liabilities (possibly during a period of low mar ...
Ashmore Emerging Markets Liquid Investment Portfolio Ashmore
... experienced in recent years. This change in monetary policy was decisive in reducing FX volatility, which, in combination with compelling levels of real interest rates, pushed investors to cover their short EM FX positions leading to a rebound in local currencies and local currency bonds. ...
... experienced in recent years. This change in monetary policy was decisive in reducing FX volatility, which, in combination with compelling levels of real interest rates, pushed investors to cover their short EM FX positions leading to a rebound in local currencies and local currency bonds. ...
Dealers` Hedging of Interest Rate Options in the U.S. Dollar Fixed
... calculated from the estimated strike prices. Chart 1 also shows, as a mirror image, the value of a hedge position that provides a delta-neutral hedge of the options at the initial interest rates (the dashed line). The hedge position is derived by using the estimated strike prices to calculate the pr ...
... calculated from the estimated strike prices. Chart 1 also shows, as a mirror image, the value of a hedge position that provides a delta-neutral hedge of the options at the initial interest rates (the dashed line). The hedge position is derived by using the estimated strike prices to calculate the pr ...
ESSAYS ON FINANCIAL INTERMEDIARIES by Lantian Liang
... applicable to the transaction or to the nature of the security to be disclosed. Specifically, we look at the responses of financial intermediaries to the regulatory changes on disclosure in the asset-backed securities market. We find an immediate jump in the percentage of deals with origination stak ...
... applicable to the transaction or to the nature of the security to be disclosed. Specifically, we look at the responses of financial intermediaries to the regulatory changes on disclosure in the asset-backed securities market. We find an immediate jump in the percentage of deals with origination stak ...
gruppo de eccher 2013 gr u pp odeec ch er 2013
... simultaneous underwriting by another wholly owned special ...
... simultaneous underwriting by another wholly owned special ...
Statement of Financial Accounting Standards No. 140
... amortization in proportion to and over the period of estimated net servicing income or loss and (b) assessment for asset impairment or increased obligation based on their fair values. This Statement requires that a liability be derecognized if and only if either (a) the debtor pays the creditor and ...
... amortization in proportion to and over the period of estimated net servicing income or loss and (b) assessment for asset impairment or increased obligation based on their fair values. This Statement requires that a liability be derecognized if and only if either (a) the debtor pays the creditor and ...
Are banks still special when there is a secondary market for loans?
... stantially larger amount of loans post loan sale year (i.e., the year in which a firm’s loans trade for the first time) than that of borrowers whose loans are never sold (“Non-traded Borrowers”). We establish this evidence using a differences-in-differences framework. We verify that the larger amou ...
... stantially larger amount of loans post loan sale year (i.e., the year in which a firm’s loans trade for the first time) than that of borrowers whose loans are never sold (“Non-traded Borrowers”). We establish this evidence using a differences-in-differences framework. We verify that the larger amou ...
wns (holdings) limited - corporate
... thereby facilitating period-to-period comparisons of business performance. Constant currency revenue less repair payments is presented by recalculating prior period’s revenue less repair payments denominated in currencies other than in US dollars using the foreign exchange rate used for the latest p ...
... thereby facilitating period-to-period comparisons of business performance. Constant currency revenue less repair payments is presented by recalculating prior period’s revenue less repair payments denominated in currencies other than in US dollars using the foreign exchange rate used for the latest p ...
Credit ratings and credit risk: Is one measure enough?
... time-variation in failure probabilities not captured by ratings. In the second part of the paper, we investigate the relationship between credit ratings and systematic risk. We begin by identifying a measure of systematic risk. We assume a single factor structure for default probability and measure ...
... time-variation in failure probabilities not captured by ratings. In the second part of the paper, we investigate the relationship between credit ratings and systematic risk. We begin by identifying a measure of systematic risk. We assume a single factor structure for default probability and measure ...
Ms. Muffet, the Spider(gram)
... relatively high frequency in order to capture changes in economic and financial conditions in a timely manner (quarterly, in this case). It should also be sufficiently forward-looking to highlight risks well ahead of time. However, forward-looking indicators (e.g., surveys of expectations, market pr ...
... relatively high frequency in order to capture changes in economic and financial conditions in a timely manner (quarterly, in this case). It should also be sufficiently forward-looking to highlight risks well ahead of time. However, forward-looking indicators (e.g., surveys of expectations, market pr ...
Activision Blizzard, Inc. (Form: 424B3, Received: 05/23/2017 08:48:27)
... consolidate, merge or transfer all or substantially all of our assets and the assets of our subsidiaries. The covenants are subject to a number of exceptions and qualifications. For more details, see "Description of Notes—Certain Covenants." The Notes will not be listed on any securities exchange or ...
... consolidate, merge or transfer all or substantially all of our assets and the assets of our subsidiaries. The covenants are subject to a number of exceptions and qualifications. For more details, see "Description of Notes—Certain Covenants." The Notes will not be listed on any securities exchange or ...
Enron Fraud Paper - Matt Pugh's ePortfolio
... investments to its SPE’s to prevent Enron from a loss on the fair value. These SPE’s were used to manage the risk and because they’re a pass through entity they have lower taxes, lower financing costs and they have off-balance sheet financing which can outweigh the cost of establishing the SPE. Last ...
... investments to its SPE’s to prevent Enron from a loss on the fair value. These SPE’s were used to manage the risk and because they’re a pass through entity they have lower taxes, lower financing costs and they have off-balance sheet financing which can outweigh the cost of establishing the SPE. Last ...
DebT anD (noT mucH) DeLeveraGInG
... forms of shadow banking and continued growth of other forms of non‑bank lending. We conclude that, absent additional steps and new approaches, business leaders should expect that debt will be a drag on GDP growth and continue to create volatility and fragility in financial markets. Policy makers wil ...
... forms of shadow banking and continued growth of other forms of non‑bank lending. We conclude that, absent additional steps and new approaches, business leaders should expect that debt will be a drag on GDP growth and continue to create volatility and fragility in financial markets. Policy makers wil ...
Review of Securities Law - Ministry of Business, Innovation and
... regulated according to their legal form and how they are described, rather than their economic substance, which allows issuers to avoid regulations by special structuring of securities. For example, issuers of some kinds of debt and interests in collective investment schemes may instead choose to is ...
... regulated according to their legal form and how they are described, rather than their economic substance, which allows issuers to avoid regulations by special structuring of securities. For example, issuers of some kinds of debt and interests in collective investment schemes may instead choose to is ...
Interest Rate Conundrums in the Twenty-First Century
... To match the low-frequency decoupling between short- and long-term interest rates, our second key assumption is that capital is slow-moving as in Duffie (2010): the previously mentioned supply shocks encounter a short-run demand curve that is a good deal steeper than the long-run demand curve. This ...
... To match the low-frequency decoupling between short- and long-term interest rates, our second key assumption is that capital is slow-moving as in Duffie (2010): the previously mentioned supply shocks encounter a short-run demand curve that is a good deal steeper than the long-run demand curve. This ...