Part I – Introduction - LSA
... What U.S. tax courts look at to decide if something is debt (page 6 CB) - Why is this impt? B/c tax authorities get very suspicious of certain types of debt - Incentive to say that all of capital structure is debt (b/c can deduct interest payments). 1. Is the instrument labeled a debt instrument? 2. ...
... What U.S. tax courts look at to decide if something is debt (page 6 CB) - Why is this impt? B/c tax authorities get very suspicious of certain types of debt - Incentive to say that all of capital structure is debt (b/c can deduct interest payments). 1. Is the instrument labeled a debt instrument? 2. ...
developing expected return and risk assumptions
... long-term trends exhibit stability. From a long-term strategic perspective, outlying single-year returns and market events may prove to have only modest influence on long-term trends. Once such trends are confirmed, PCA extrapolates the trend to arrive at an initial estimate of an investment class’s ...
... long-term trends exhibit stability. From a long-term strategic perspective, outlying single-year returns and market events may prove to have only modest influence on long-term trends. Once such trends are confirmed, PCA extrapolates the trend to arrive at an initial estimate of an investment class’s ...
The Determinants of Corporate Bond Yield Spreads in
... Under specific and very strict conditions, rating agencies now allow firms to obtain a higher rating than the sovereign of their incorporation (or location). These conditions are stricter for “piercing” the sovereign foreign currency rating than the sovereign local currency rating. Bank ratings are ...
... Under specific and very strict conditions, rating agencies now allow firms to obtain a higher rating than the sovereign of their incorporation (or location). These conditions are stricter for “piercing” the sovereign foreign currency rating than the sovereign local currency rating. Bank ratings are ...
Risk Management and Asset and Liability Management in Banks
... required for each organization. For example, consider two small commercial banks with a similar product portfolio operating in different jurisdictions where capital markets development is at different stages. The limitations of the less developed market will mean that ‘like’ products represent highe ...
... required for each organization. For example, consider two small commercial banks with a similar product portfolio operating in different jurisdictions where capital markets development is at different stages. The limitations of the less developed market will mean that ‘like’ products represent highe ...
Option Pricing Theory and Applications
... Unutilized assets: If you have assets or property that are not being utilized (vacant land, for example), you have not valued it yet. You can assess a market value for these assets and add them on to the value of the firm. Overfunded pension plans: If you have a defined benefit plan and your assets ...
... Unutilized assets: If you have assets or property that are not being utilized (vacant land, for example), you have not valued it yet. You can assess a market value for these assets and add them on to the value of the firm. Overfunded pension plans: If you have a defined benefit plan and your assets ...
The role of information asymmetry and financial reporting quality in
... mutual funds (prime funds) and Collateralized Loan Obligations (CLOs) constitute the main secondary loan market participants. Prime funds are mutual funds that invest in leveraged loans; for the most part, prime funds are continuously offered funds with quarterly tender periods or true closed-end, e ...
... mutual funds (prime funds) and Collateralized Loan Obligations (CLOs) constitute the main secondary loan market participants. Prime funds are mutual funds that invest in leveraged loans; for the most part, prime funds are continuously offered funds with quarterly tender periods or true closed-end, e ...
Why were there fire sales of mortgage
... them. Therefore, these investors will only buy them if they sell at enough of a discount. With investors most knowledgeable about a class of securities sidelined, trade prices for these securities should vary considerably, after accounting for fundamentals, as there would only be weak forces pushing ...
... them. Therefore, these investors will only buy them if they sell at enough of a discount. With investors most knowledgeable about a class of securities sidelined, trade prices for these securities should vary considerably, after accounting for fundamentals, as there would only be weak forces pushing ...
Over-the-counter loans, adverse selection, and stigma in the
... asset is high quality. If it is 0, then we say that the asset is low quality. The probability that the asset is high quality is ∈ (0 1) and with probability 1 − the asset is low quality. Asset quality ...
... asset is high quality. If it is 0, then we say that the asset is low quality. The probability that the asset is high quality is ∈ (0 1) and with probability 1 − the asset is low quality. Asset quality ...
IMF Global Financial Stability Report (GFSR) April 2013
... The Global Financial Stability Report (GFSR) assesses key risks facing the global financial system. In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks, thereby contributing to global financial stability and the sustained ec ...
... The Global Financial Stability Report (GFSR) assesses key risks facing the global financial system. In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks, thereby contributing to global financial stability and the sustained ec ...
Annual Report 2014 - Smartgroup Investors
... to providing the best customer service has grown the business to employ over 340 employees and manage over 118,000 salary packages for some of Australia’s largest employers in the Government and corporate sectors. It gives me great pleasure to report a record result for our business. For the year en ...
... to providing the best customer service has grown the business to employ over 340 employees and manage over 118,000 salary packages for some of Australia’s largest employers in the Government and corporate sectors. It gives me great pleasure to report a record result for our business. For the year en ...
Pathways PDS - North Online
... Refers to the expected long-term asset allocation of each Fund which may vary. Unlisted securities, forwards, options, futures and other derivative contracts, instruments and agreements on shares, property securities, international securities, foreign listed company shares, currency and fixed intere ...
... Refers to the expected long-term asset allocation of each Fund which may vary. Unlisted securities, forwards, options, futures and other derivative contracts, instruments and agreements on shares, property securities, international securities, foreign listed company shares, currency and fixed intere ...
Advantages to using the Cash Payments Journal
... When cash is taken by the owner for personal use, the Other Accounts Credit column is used, writing in the owner’s withdrawal account, and cash is debited using the Cash credit column. McGraw-Hill/Irwin Accounting Fundamentals, 7/e ...
... When cash is taken by the owner for personal use, the Other Accounts Credit column is used, writing in the owner’s withdrawal account, and cash is debited using the Cash credit column. McGraw-Hill/Irwin Accounting Fundamentals, 7/e ...
Private Placement of Securities in Canada
... federal and provincial governments, Canadian municipal governments, Crown corporations and pension funds regulated by the federal or a provincial pension commission; dealers and advisers registered in Canada (other than limited market dealers) automatically qualify as accredited investors; companies ...
... federal and provincial governments, Canadian municipal governments, Crown corporations and pension funds regulated by the federal or a provincial pension commission; dealers and advisers registered in Canada (other than limited market dealers) automatically qualify as accredited investors; companies ...
More Mortgages, Lower Growth? - Economics of Credit And Debt
... impact of financial deepening on growth. Arcand et al. (2012) develop a model in which the expectation of a bailout may lead to a financial sector which is too large with respect to the social optimum. Cecchetti and Kharroubi (2013) present evidence that skilled labor is drawn away from R&D intensiv ...
... impact of financial deepening on growth. Arcand et al. (2012) develop a model in which the expectation of a bailout may lead to a financial sector which is too large with respect to the social optimum. Cecchetti and Kharroubi (2013) present evidence that skilled labor is drawn away from R&D intensiv ...
