Client Assets Key Information Document here
... Default Risk:- the risk that the owner of the nominee company goes into liquidation or the custodian goes into liquidation. Corporate Actions Risk:- the risk that corporate actions are missed by the custodians. Negligence or the perpetuation of a fraud by persons employed by either TBD, PSIL or the ...
... Default Risk:- the risk that the owner of the nominee company goes into liquidation or the custodian goes into liquidation. Corporate Actions Risk:- the risk that corporate actions are missed by the custodians. Negligence or the perpetuation of a fraud by persons employed by either TBD, PSIL or the ...
Asset Price Dynamics in Partially Segmented Markets ∗
... with di¤erent prices of risk— prices all assets in the second market. Critically, these two marketspeci…c pricing models are linked over time by the cross-market arbitrage activities of slow-moving asset allocators. For example, the pricing of interest rate risk for 2-year Treasuries is always perfe ...
... with di¤erent prices of risk— prices all assets in the second market. Critically, these two marketspeci…c pricing models are linked over time by the cross-market arbitrage activities of slow-moving asset allocators. For example, the pricing of interest rate risk for 2-year Treasuries is always perfe ...
What does market discipline mean
... sense only screen the borrowing banks’ risk (prior to the lending) rather than monitor by the lending banks. They also argue that the reason for weak evidence of market discipline may due to their focus on the highly developed banking markets, where interbank exposures are mostly caused by short-ter ...
... sense only screen the borrowing banks’ risk (prior to the lending) rather than monitor by the lending banks. They also argue that the reason for weak evidence of market discipline may due to their focus on the highly developed banking markets, where interbank exposures are mostly caused by short-ter ...
Unconstrained Investing: Unleash Your Bonds
... At Western Asset we have broken down unconstrained strategies into three groupings: Unconstrained with Bond-Like Risk and Return The simplest approach to unconstrained is an investment-grade portfolio that seeks to provide bond-like risk and return over the long term, but does not have a benchmark. ...
... At Western Asset we have broken down unconstrained strategies into three groupings: Unconstrained with Bond-Like Risk and Return The simplest approach to unconstrained is an investment-grade portfolio that seeks to provide bond-like risk and return over the long term, but does not have a benchmark. ...
New York Stock Exchange
... investment grade rating An investment grade rating was essential to Enron’s ability to enter into trading contracts with its counterparties and to maintain sufficient lines of credit with major banks. In order to maintain an investment grade rating, Enron executives were required to demonstrate that ...
... investment grade rating An investment grade rating was essential to Enron’s ability to enter into trading contracts with its counterparties and to maintain sufficient lines of credit with major banks. In order to maintain an investment grade rating, Enron executives were required to demonstrate that ...
The Timing of Mergers along the Production Chain, Capital Structure
... Mergers tend to occur in waves, where a period of relatively low merger activity is followed by a period of relatively high merger activity. This is a well known pattern of procyclical merger waves as described, for example, in Mitchell and Mulherin (1996). The theoretical literature has thoroughly ...
... Mergers tend to occur in waves, where a period of relatively low merger activity is followed by a period of relatively high merger activity. This is a well known pattern of procyclical merger waves as described, for example, in Mitchell and Mulherin (1996). The theoretical literature has thoroughly ...
NATIONAL FINANCIAL SERVICES LLC STATEMENT OF
... These long-lived assets in the statement of financial condition are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. When the long-lived asset is not expected to provide any service future potential the asset is reduced to its n ...
... These long-lived assets in the statement of financial condition are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. When the long-lived asset is not expected to provide any service future potential the asset is reduced to its n ...
NBER WORKING PAPER SERIES Čihák Martin
... Markets are imperfect. It is costly to acquire and process information about potential investments. There are costs and uncertainties associated with writing, interpreting, and enforcing contracts. And, there are costs associated with transacting goods, services, and financial instruments. These mar ...
... Markets are imperfect. It is costly to acquire and process information about potential investments. There are costs and uncertainties associated with writing, interpreting, and enforcing contracts. And, there are costs associated with transacting goods, services, and financial instruments. These mar ...
Uncertainty shocks, asset supply and pricing over the business cycle
... shortfall of funds will both pay out less and borrow to make up the shortfall. Cash flow shocks, such as realized changes in operating cost thus generate negative comovement of payout and debt and play a relatively small role for fluctuations. There are a number of papers that study asset pricing in ...
... shortfall of funds will both pay out less and borrow to make up the shortfall. Cash flow shocks, such as realized changes in operating cost thus generate negative comovement of payout and debt and play a relatively small role for fluctuations. There are a number of papers that study asset pricing in ...
Regulatory guidance – Integrated risk
... considers what could be done should risks materialise (especially those which impact across more than one area). It may be necessary for contingency plans to be put in place to cater for the more significant risks. In addition, IRM helps to identify when opportunities arise to reduce scheme risk. ...
... considers what could be done should risks materialise (especially those which impact across more than one area). It may be necessary for contingency plans to be put in place to cater for the more significant risks. In addition, IRM helps to identify when opportunities arise to reduce scheme risk. ...
Capital Management in Australian Banks
... nature of the proposals and the current and expected future capital position. Risk-Based Capital Allocation to Internal Business Areas Whilst holdings of physical capital are primarily driven by Board targets for external requirements, the allocation of physical equity to business units within a ban ...
... nature of the proposals and the current and expected future capital position. Risk-Based Capital Allocation to Internal Business Areas Whilst holdings of physical capital are primarily driven by Board targets for external requirements, the allocation of physical equity to business units within a ban ...
Stronger Risk Controls, Lower Risk: Evidence from US Bank Holding
... are publicly listed on stock exchanges and file periodic reports (such as 10-K statements, and proxy statements) with the Securities and Exchange Commission (SEC), from which we are able to collect information on their risk management structure. Third, because they are regulated by the Federal Reser ...
... are publicly listed on stock exchanges and file periodic reports (such as 10-K statements, and proxy statements) with the Securities and Exchange Commission (SEC), from which we are able to collect information on their risk management structure. Third, because they are regulated by the Federal Reser ...
Multinational Firms, FDI Flows and Imperfect Capital Markets
... U.S. multinationals and include measures of parental ownership, financing and operational decisions. These data enable the use of parent-year fixed effects that implicitly control for a variety of unobserved attributes. The analysis indicates that the likelihood of using arm’s length licensing to ser ...
... U.S. multinationals and include measures of parental ownership, financing and operational decisions. These data enable the use of parent-year fixed effects that implicitly control for a variety of unobserved attributes. The analysis indicates that the likelihood of using arm’s length licensing to ser ...
HSI 12.31.16 - Stmt of Fin Condition
... substantially change lessor accounting, but it does make certain changes related to leases for which collectability of the lease payments is uncertain or there are significant variable payments. Additionally, the ASU makes several other targeted amendments including a) revising the definition of lea ...
... substantially change lessor accounting, but it does make certain changes related to leases for which collectability of the lease payments is uncertain or there are significant variable payments. Additionally, the ASU makes several other targeted amendments including a) revising the definition of lea ...
Effects of Cognitive Appraisal Pattern on Probability Weighing
... The tendency to overweigh probability of losing and shun risky prospects has been shown to have far reaching consequences to the women’s future financial well being, choice of occupations and income distribution gap between genders. In the study by Niederle and Vesterlund (2007), women were found to ...
... The tendency to overweigh probability of losing and shun risky prospects has been shown to have far reaching consequences to the women’s future financial well being, choice of occupations and income distribution gap between genders. In the study by Niederle and Vesterlund (2007), women were found to ...
Liquidity provision, banking, and the allocation of interest rate risk*
... will note that fluctuations in interest rates affect the economy as a whole, so that interest rate risk is not diversifiuble. The interest-induced valuation risks of long-lived real assets can be shifted from one agent to another, or they can be shared between agents, but they cannot be diversified ...
... will note that fluctuations in interest rates affect the economy as a whole, so that interest rate risk is not diversifiuble. The interest-induced valuation risks of long-lived real assets can be shifted from one agent to another, or they can be shared between agents, but they cannot be diversified ...
CF Canlife Asia Pacific Fund
... steel. The result of this has been numerous closures in loss-making steel mills and coal mines. This gave rise to better profitability in both coal and steel companies. On the other hand, it is pushing through additional infrastructure spending to support growth. As a result, public investment picked ...
... steel. The result of this has been numerous closures in loss-making steel mills and coal mines. This gave rise to better profitability in both coal and steel companies. On the other hand, it is pushing through additional infrastructure spending to support growth. As a result, public investment picked ...
The authors urge financial institutions to integrate their transfer pricing... with the implementation of modified financial reporting processes arising from...
... a pure, stand-alone arm’s-length basis in which all the support provided by its affiliates (or that it is providing to other affiliates) are appropriately measured and reported on the balance sheet and income statement. Resolution and recovery planning Resolution planning requires that large U.S. ba ...
... a pure, stand-alone arm’s-length basis in which all the support provided by its affiliates (or that it is providing to other affiliates) are appropriately measured and reported on the balance sheet and income statement. Resolution and recovery planning Resolution planning requires that large U.S. ba ...
The Handbook of Mortgage-Backed Securities, 7th Edition
... Brunnermeier argued that, in essence, market discipline was transitory because a large portion of the credit risk was quickly transferred and ultimately borne by other parties. 21 In an efficiently operating market, incentives are aligned via a combination of actual and predicted market signals suc ...
... Brunnermeier argued that, in essence, market discipline was transitory because a large portion of the credit risk was quickly transferred and ultimately borne by other parties. 21 In an efficiently operating market, incentives are aligned via a combination of actual and predicted market signals suc ...