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$33,250,000 3,500,000 Common Shares Price $9.50 per Common
$33,250,000 3,500,000 Common Shares Price $9.50 per Common

... Subscriptions for Offered Shares will be received subject to rejection or allotment in whole or in part and the right is reserved to close the subscription books at any time without notice. The Offered Shares shall be taken up by the Underwriters, if at all, on or before a date not later than 42 day ...
Cataclysmic Liability Risk Among Big Four Auditors
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... Yes. Title transferred to irrevocable trust. ...
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... contributed to the most recent financial crisis (Barth and Landsman, 2010). Therefore, it is of interest to examine how the leeway given by accounting standards is assessed by market participants in terms of increased or decreased risk. Contemporary research studying capital market pricing of accoun ...
united states securities and exchange commission
united states securities and exchange commission

... shareholders’ equity/capital deficiency, and cash flows for each of the three years in the period ended December 31, 2012, the related financial statement schedule included in Schedule I, and the related notes to the consolidated financial statements. Management’s Responsibility for the Consolidated ...
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Group-Based Financial Institutions for the Rural

... both agricultural and nonfarm activities. Households with less than 0.5 acre may join ASA or BRAC groups. The loans usually have a one-year maturity. Because borrowers must repay in weekly installments, many invest in businesses with a continuous cash return. During the 1990s, ASA focused on providi ...
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Reflections on Recent Target Date Glide-Path

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... differences between countries. It is not always clear whether weak lending levels are driven by the supply or by the demand side. In general, the availability of loans to SMEs seems to slightly improve; at least the tightening of credit supply starts to ease (as also shown by the ECB’s survey on SME ...
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Sovereign CDS and Bond Pricing Dynamics in the Euro-area

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The Round-the-Clock Market for US Treasury Securities

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Form ADV Part 2A Nuveen Asset Management, LLC 333 West

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... in favour of structural credit risk models, at least when applied to the valuation of default swaps. Two questions remain. First, is there a significant remaining component in CDS premia that the models do not capture? Second, can the improved performance be attributed to differences in market pricin ...
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... It would appear that some corporate officers see the maintenance of good relations with analysts as being more important than ensuring equality of material information among shareholders. The fact that it was thought that [the analyst] was about to come out with a report as to [the issuer] which wou ...
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the peoples gas light and coke company annual

DHFL Pramerica Dual Advantage Fund Series 1 to 3
DHFL Pramerica Dual Advantage Fund Series 1 to 3

... objective and strategy of the Scheme and the internal limits if any, as laid down from time to time. These include but are not limited to futures (both stock and index) and options (stock and index). Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from ...
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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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