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The Financial Statements
The Financial Statements

NBER WORKING PAPER SERIES PUBLIC DEBT MANAGEMENT IN BRAZIL Francesco Giavazzi Alessandro Missale
NBER WORKING PAPER SERIES PUBLIC DEBT MANAGEMENT IN BRAZIL Francesco Giavazzi Alessandro Missale

Corporate Finance (Book 1)
Corporate Finance (Book 1)

Intangibles
Intangibles

preface - JustAnswer
preface - JustAnswer

Bank of England External MPC Unit Discussion Paper No. 46
Bank of England External MPC Unit Discussion Paper No. 46

... concern. For example, in a standard endowment economy model, a country which experiences a negative temporary shock to output (such as from a natural disaster) should borrow from abroad and run a current account deficit in order to smooth consumption over time. Classical economic models show that a ...
Sample chapter  - McGraw Hill Higher Education
Sample chapter - McGraw Hill Higher Education

... Investors generally dislike risk, but they are also unable to avoid it. The valuation formulae for shares and debt securities outlined in Chapter 4 showed that the price of a risky asset depends on its expected future cash flows, the time value of money, and risk. However, little attention was paid ...
explanatory foreword to the accounts
explanatory foreword to the accounts

... March 2008. It shows balances and reserves at the Council’s disposal, its long-term indebtedness, and the long-term and net assets employed in its operations, together with summarised information on the fixed assets held. The Cash Flow Statement (pages 25 to 26). This consolidated statement summaris ...
GAAP - WikiLeaks
GAAP - WikiLeaks

... revenue contracted for the respective episode until its future secondary market revenues can be estimated. An entity should expense as incurred film costs in excess of this limitation on an episode-by-episode basis, and an entity should not restore such amounts as film cost assets in subsequent peri ...
Ratio Analysis - Help for Users
Ratio Analysis - Help for Users

... Net Income - Preferred Dividends Average Common Stockholder Equity ...
2016 Consolidated and separate financial statements
2016 Consolidated and separate financial statements

Household Consumption in Japan – Role of Income and Asset
Household Consumption in Japan – Role of Income and Asset

Definition of Risk Risk can be defined as “uncertainty about financial
Definition of Risk Risk can be defined as “uncertainty about financial

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Danielsson-alumni-talk

Heterogeneity and Portfolio Choice: Theory and
Heterogeneity and Portfolio Choice: Theory and

Section 1 - Practising Law Institute
Section 1 - Practising Law Institute

... benefits costs applicable across the entire VEBA population (e.g., to pay benefit claims, off-set basic premium costs or fund a stop loss policy). Contributions are subject to the deduction limits imposed by § 419 and § 419A of the Code on the prefunding welfare benefits. Under these limits the annu ...
ECONOMICO 2013 ENG.indd
ECONOMICO 2013 ENG.indd

... • During 2013 the subsidiary T-Solar Global, S.A., manufacturing solar photovoltaic panels, was declared in to be involved in bankruptcy proceedings, with its subsequent liquidation and dissolution. The powers of administration and disposal of its assets were therefore suspended and a bankruptcy adm ...
AMBICOM HOLDINGS, INC
AMBICOM HOLDINGS, INC

... Intangible Assets – Developed technology and trade names were acquired as part of the Veloxum transaction in May 2014. Acquisition related intangibles are amortized over their estimated useful lives based on expected future benefit. A long-lived asset or asset group that is held and used should be r ...
Sovereign Risk, Currency Risk, and Corporate Balance Sheets.
Sovereign Risk, Currency Risk, and Corporate Balance Sheets.

... (1981) model. We build on recent papers that introduce long-term bonds into this framework, such as Hatchondo and Martinez (2009), Arellano and Ramanarayanan (2012), and Chatterjee and Eyigungor (2012). Our modeling of the balance sheet mismatch in the corporate sector builds on Céspedes et al. (200 ...
re-prioritizing priority sector lending in india
re-prioritizing priority sector lending in india

... lend to sectors characterized by a relatively large number of defaults due to factors specific to those sectors. Banks must then set aside capital to account for assets that might be locked up in NPAs. This erodes banks’ profitability and makes them more vulnerable, as illustrated by the collapse of ...
cm advisors small cap value fund cm advisors fixed income fund
cm advisors small cap value fund cm advisors fixed income fund

... lower the yield but the greater the price stability. The Advisors Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities. This risk may be heightened given the current historically low interest rate environment and the likelihood of i ...
Important Information about Certificates of Deposit
Important Information about Certificates of Deposit

... Structured Products Structured products issued as CDs are securities derived from or based on an underlying asset (or basket of assets) such as a security, commodity, foreign currency, index or other financial benchmark. They are a hybrid between two asset classes often issued in the form of a CD bu ...
Intermediary Asset Pricing
Intermediary Asset Pricing

... households pull out of mutual funds because they have delivered low past returns, and mutual funds in turn are forced to liquidate their asset holdings (as in Shleifer and Vishny, 1997). In both cases, the key dynamic of the model is that low specialist wealth states lead households to withdraw fun ...
adolph coors company
adolph coors company

... 46R) in December 2003, making the new guidance applicable to us in the first quarter of 2004. FIN 46R expands the scope of ARB51 and can require consolidation of legal structures, called "variable interest entities (VIEs)." A VIE does not share economic risk and rewards through typical equity owners ...
Financial Stability Oversight Council: A Framework to Mitigate
Financial Stability Oversight Council: A Framework to Mitigate

< 1 ... 33 34 35 36 37 38 39 40 41 ... 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.
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