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Working Paper No. 510 Institutional investor
Working Paper No. 510 Institutional investor

... potential bias to their estimates caused by the correlation between the QE policy variable and other financial control variables (ie a switch into riskier assets may be attributed to improved financial conditions rather than QE, even though the policy may have been behind the improvement in the for ...
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... interaction of each trend with financial vulnerabilities, in determining whether these have been significant antecedents of banking crises. Exploring these two narratives is important not only ...
SW Umwelttechnik: Clear increase of turnover, but market situation
SW Umwelttechnik: Clear increase of turnover, but market situation

... by 15 % in the first three quarters to EUR 54.2 m compared to the previous year when it reached EUR 47.0 m. In the third quarter alone turnover was improved by 20 %, resulting from the increased market share in Hungary and Romania. All other key data that measure success also show a positive develop ...
Portfolio Funding Profile
Portfolio Funding Profile

... Source: U.S. Census Bureau, International Programs Center, International Database, Gender and Aging: Mortality and Health, 1B/98-2. *Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat, 2003. World Population Prospects: The 2002 Revision. ...
Supporting Credit Union Success
Supporting Credit Union Success

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foreign exchange risk premium determinants: case of - cerge-ei

... inconclusive. Thus, changes in the value of the Polish currency relative to the euro show a considerably weaker response to interest rate dierentials than the relative changes in the currencies of the Czech Republic and Hungary. During the last decade, some authors revisited this issue using the da ...
PDP-Working Paper
PDP-Working Paper

... the fact that CMHC obligations are considered sovereign exposures. Mortgages insured by private insurers have higher risk weights, in recognition of the 10 percent deductible for private insurers: under the standardized approach, the effective risk weight can vary between 2 percent and 7½ percent, d ...
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CHAPTER 03 AA Analyzing Business Transactions Using T

... Define, identify, and understand the relationship between asset, liability, and owner’s equity accounts ...
Low Income Housing in Latin America
Low Income Housing in Latin America

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Payment, clearing and settlement systems in Brazil

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PDF - Lazard Asset Management

... the crisis and have not risen as one might expect at this stage of the expansion. There was a somewhat predictable relationship between wages and unemployment from the pre-crisis years of 1996 to 2007, which can be characterized as a period with relatively moderate and stable inflation (Exhibit 5). ...
Performance Evaluation
Performance Evaluation

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... described herein and in the relevant Final Terms, which rights may include the right to have the principal amount of such Notes repaid by the relevant Issuer at maturity, the right to receive interest based on the principal amount of such Notes or otherwise, the right to receive a cash amount from s ...
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Performance Evaluation

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ANNUAL REPORT - Credit Libanais

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here - Resi Mortgage

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The impact of transfer pricing on real estate funding – Mezzanine financing

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IFRS Update

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Project P, the firm is considering sponsoring a pavilion

... We can find the NPV by entering the cash flows into the cash flow register, entering I/YR = 10, and then pressing the NPV button. However, calculating the IRR presents a problem. With the cash flows in the register, press the IRR button. An HP-10BII financial calculator will give the message “error- ...
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INSTITUTE OF ECONOMIC STUDIES Faculty of social sciences of

... a higher-lower quote means that the quoting dealer is willing to transact a swap in which he receives/pays the given fixed rate the difference between the two rates is the dealing spread the dealer earns on every matching pair of swaps swap rate is the average of bid and ask interest rates swap spre ...
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... parties to take the information contained in financial statements and make relative comparisons of firm performance over time and also compare performance across different firms. Financial ratios are statistical yardsticks that relate two numbers generally taken from a firm’s income statements and b ...
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Fact sheet Comparing listed and unlisted assets

... allows a fund to have available cash flow after interest to meet ongoing capital requirements, pay down debt or distribute income to investors. This increased flexibility reduces a fund’s risk of not being able to refinance its existing debts. Many listed property assets had high debt levels, couple ...
Swaps - dedeklegacy.cz
Swaps - dedeklegacy.cz

... swap is an off-balance sheet instrument because it does not impact on the balance sheets of the swap counterparties but only on their profit and loss accounts termination of a swap is the cancellation of the swap contract (in which case one counterparty compensates the other counterparty for the los ...
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Submission to Committee for Social Development
Submission to Committee for Social Development

... 2012 noted a rise in pensioner poverty in contrast to a fall in Great Britain. A significant contributory factor was the far less reliance on occupational pensions in Northern Ireland. Some claimants are likely to have modest savings yet low income. As a result, consideration should be given to an a ...
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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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