• Study Resource
  • Explore
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
NBER WORKING PAPER SERIES CAPITAL STRUCTURE WITH RISKY FOREIGN INVESTMENT Mihir A. Desai
NBER WORKING PAPER SERIES CAPITAL STRUCTURE WITH RISKY FOREIGN INVESTMENT Mihir A. Desai

FIN 331 in a Nutshell
FIN 331 in a Nutshell

... The discount rate used to value a bond Return earned if bond held to maturity Usually = coupon rate at issue Quoted as an APR The IRR of a bond ...
Corporate Governance and Risk Management at Unprotected Banks
Corporate Governance and Risk Management at Unprotected Banks

... find that, in 1935 and 1995, higher managerial ownership is associated with lower risk. Following the recent financial crisis, a number of studies have examined the extent to which corporate governance and manager incentive schemes influenced how banks fared during the crisis (Acharya et al. 2009 ...
Statement of Additional Information
Statement of Additional Information

USING THE BALANCE SHEET APPROACH IN FINANCIAL
USING THE BALANCE SHEET APPROACH IN FINANCIAL

Calculator Output
Calculator Output

Link - Validus Risk Management
Link - Validus Risk Management

Are Income Trusts Fixed Income Or Equity?
Are Income Trusts Fixed Income Or Equity?

Item 1 – Cover Page - NorthCoast Asset Management
Item 1 – Cover Page - NorthCoast Asset Management

Batelco`s Cost of Capital
Batelco`s Cost of Capital

... The TRA determines that a single cost of capital shall apply to all of Batelco’s business units, since Batelco has retained a single integrated business structure, thus making it difficult for an outside observer to distinguish between the risks inherent in each of its business units, and for the fu ...
The Balance Sheet
The Balance Sheet

... How would you use the profitability and liquidity ratios to determine whether the business is moving in a positive direction? A ratio is most useful when it is compared to the same ratio prepared at several different times for the same company or compared to the same ratio prepared for the industry ...
ISS research paper template
ISS research paper template

... for a need to formulate and implement prudent debt management strategies to mitigate undesirable effects associated with domestic borrowings. The effect of domestic debts on private investment and economic growth is of main concern. Credit to the private sector is important in financing short term a ...
Fiscal Risks and Contingent Liabilities
Fiscal Risks and Contingent Liabilities

... Sources: IMF staff calculations. 1/ Number of episodes includes all episodes, average fiscal cost is calculated using only those episodes for 8 which a fiscal cost number is available. ...
Home credit remedies evaluation
Home credit remedies evaluation

... When the last repayments on a loan have been made, the agent generally takes the payment book/card into the branch office for checking and returns it to the customer. Where the customer settles the loan early (for whatever reason) a rebate may be payable. Some customers settle new loans early by ren ...
Enhanced-Supervision-for-U.S.-Operations-of-Foreign
Enhanced-Supervision-for-U.S.-Operations-of-Foreign

... SEC Rule 15c3-1(a)(1)(i) sets forth the “basic” standard for computing net capital and is often used by smaller broker-dealers. A brokerdealer operating under this requirement must maintain minimum net capital equal to the greater of some specified amount (which varies depending on the type of busin ...
What Makes the Bonding Stick?
What Makes the Bonding Stick?

Macroeconomic stress testing of a corporate credit portfolio Magister Scientiae By
Macroeconomic stress testing of a corporate credit portfolio Magister Scientiae By

Derivative Risk Management Statement Part A
Derivative Risk Management Statement Part A

Annual Equity-Based Insurance Guarantees Conference
Annual Equity-Based Insurance Guarantees Conference

Cash Flow Mismanagement May Deteriorate SME’s Financial Status
Cash Flow Mismanagement May Deteriorate SME’s Financial Status

Salesforce.com Q3FY11 Financial Results
Salesforce.com Q3FY11 Financial Results

Proposals to Enhance Regulatory Safeguards for Investors in the
Proposals to Enhance Regulatory Safeguards for Investors in the

Article III, Section 49-k of the Texas Constitution created the Texas
Article III, Section 49-k of the Texas Constitution created the Texas

... Overview of the Financial Statements The annual financial report consists of three parts: Management’s Discussion and Analysis (this section), the basic financial statements with the notes to the financial statements, and supplementary information. The Mobility Fund’s financial statements combine tw ...
Global Equity Index Fund
Global Equity Index Fund

... investment objective. An investment in the Fund is not a bank deposit, is not guaranteed by BlackRock, Inc. or any of its affiliates, and is not insured by the Federal Deposit Insurance Corporation or any other agency of the U.S. government. Equity Investment Risk: The price of an equity security fl ...
Unlocking funding for European investment and growth
Unlocking funding for European investment and growth

... This report has been commissioned by the Association of Financial Markets in Europe (AFME), which represents the voice of Europe’s wholesale financial markets. The findings of the report can stand alone, but are also designed to offer constructive recommendations to the debate prompted by the Europe ...
< 1 ... 51 52 53 54 55 56 57 58 59 ... 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.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report