Funding Liquidity, Market Liquidity and the Cross-Section
... Pastor and Stambaugh (2003) measure (P S), the betting-against-beta (BAB) factor (Frazzini and Pedersen, 2014) and the spread between Treasury bill and LIBOR ...
... Pastor and Stambaugh (2003) measure (P S), the betting-against-beta (BAB) factor (Frazzini and Pedersen, 2014) and the spread between Treasury bill and LIBOR ...
The Sukuk Market Comes of Age - Franklin Templeton Hong Kong
... that nearly 50% of Muslim investors would opt for an Islamic product with the right value proposition over a conventional product.11 This rise in retail demand is reflected in doubledigit growth in the Islamic banking industry, and the increased appetite for investment-grade, Shariah-compliant, liqu ...
... that nearly 50% of Muslim investors would opt for an Islamic product with the right value proposition over a conventional product.11 This rise in retail demand is reflected in doubledigit growth in the Islamic banking industry, and the increased appetite for investment-grade, Shariah-compliant, liqu ...
How Derivatives Changed the "Business of Banking"
... Thumbnail Sketch of Derivative Securities and Their Regulation, 55 MD. L. REv. 1, 2 (1996); Adam R. Waldman, Comment, OTC Derivatives & Systemic Risk: Innovative Finance or the Dance Into the Abyss, 43 AM. U. L. REv. 1023, 1026 (1994). An underlying asset can be a security, an index, a commodity pri ...
... Thumbnail Sketch of Derivative Securities and Their Regulation, 55 MD. L. REv. 1, 2 (1996); Adam R. Waldman, Comment, OTC Derivatives & Systemic Risk: Innovative Finance or the Dance Into the Abyss, 43 AM. U. L. REv. 1023, 1026 (1994). An underlying asset can be a security, an index, a commodity pri ...
Japan Bond Market Guide
... Change in Number and Value of Securitized Product Issuance Market.............................................. 7 Methods of Japanese Government Bonds Issuance.....................................................................9 Trends in Bond Transactions by Type of Transaction Parties (¥ billion) ...
... Change in Number and Value of Securitized Product Issuance Market.............................................. 7 Methods of Japanese Government Bonds Issuance.....................................................................9 Trends in Bond Transactions by Type of Transaction Parties (¥ billion) ...
CNMV - Ibercaja
... defined in the Conditions) on 28 July 2025. The Notes may be redeemed at the option of the Issuer at any time in whole, but not in part, at their Outstanding Principal Amount (as defined in the Conditions), and subject as provided in the Conditions, in particular to the previous consent of the Regul ...
... defined in the Conditions) on 28 July 2025. The Notes may be redeemed at the option of the Issuer at any time in whole, but not in part, at their Outstanding Principal Amount (as defined in the Conditions), and subject as provided in the Conditions, in particular to the previous consent of the Regul ...
words - Investor Relations Solutions
... headquartered in Naples, Florida that had total assets of approximately $1.7 billion and operated 28 branches in southwest Florida and the Florida Keys. Upon the closing of the TIB Financial investment on September 30, 2010, we owned approximately 99% of the outstanding voting power of TIB Financial ...
... headquartered in Naples, Florida that had total assets of approximately $1.7 billion and operated 28 branches in southwest Florida and the Florida Keys. Upon the closing of the TIB Financial investment on September 30, 2010, we owned approximately 99% of the outstanding voting power of TIB Financial ...
emerald capital designated activity company series prospectus
... The Issuer believes that the following factors may affect its ability to fulfil its obligations under the Notes issued under the Programme. The Issuer is not in a position to express a view on the likelihood of any contingency highlighted by a risk factor occurring. Factors which the Issuer believes ...
... The Issuer believes that the following factors may affect its ability to fulfil its obligations under the Notes issued under the Programme. The Issuer is not in a position to express a view on the likelihood of any contingency highlighted by a risk factor occurring. Factors which the Issuer believes ...
What types of investors drive commonality in
... and Viswanathan (2010), estimating the strength of commonality through sensitivity of changes in individual stock liquidity to changes in market liquidity. Second, following methodology by Chordia et al. (2000) we measure commonality in liquidity through the level of explanatory power when regressin ...
... and Viswanathan (2010), estimating the strength of commonality through sensitivity of changes in individual stock liquidity to changes in market liquidity. Second, following methodology by Chordia et al. (2000) we measure commonality in liquidity through the level of explanatory power when regressin ...
NBER WORKING PAPER SERIES SHOULD WE FEAR DERIVATIVES? Rene M. Stulz
... as follows: borrow the present value of €100 million and invest the present value of the payment to be made on the forward contract, $118 million, in Treasury bills that mature when the forward contract matures. At maturity, you have $118 million dollars and have to pay back the borrowed euros plus ...
... as follows: borrow the present value of €100 million and invest the present value of the payment to be made on the forward contract, $118 million, in Treasury bills that mature when the forward contract matures. At maturity, you have $118 million dollars and have to pay back the borrowed euros plus ...
Regulation of CrowdFunding in Germany, the UK, Spain and Italy
... from traditional sources, such as banks, private equity houses and angel investors. Crowd investors on the other hand can invest directly into enterprises/projects that have not previously been available to retail investors. Due to the benefits Crowdfunding provides for the financing of small and me ...
... from traditional sources, such as banks, private equity houses and angel investors. Crowd investors on the other hand can invest directly into enterprises/projects that have not previously been available to retail investors. Due to the benefits Crowdfunding provides for the financing of small and me ...
The role of inflation-linked bonds Increasing, but still modest
... financed with ILBs is still sizeable in the UK: 28 percent. In many other countries the corresponding figures are much smaller: 11 percent in the US, 14 percent in France and 10 percent in Italy. Moreover, a large number of countries do not issue inflation-linked bonds at all. Why do governments not ...
... financed with ILBs is still sizeable in the UK: 28 percent. In many other countries the corresponding figures are much smaller: 11 percent in the US, 14 percent in France and 10 percent in Italy. Moreover, a large number of countries do not issue inflation-linked bonds at all. Why do governments not ...
malta 2016 - HFM Global
... between the Irish Stock Exchange and Malta Stock Exchange established in 2012 that allows the listing of wholesale-denominated debt securities to trade on an EU regulated market. Soundly structured, securitisation is an important channel for diversifying funding sources and enabling a broader distri ...
... between the Irish Stock Exchange and Malta Stock Exchange established in 2012 that allows the listing of wholesale-denominated debt securities to trade on an EU regulated market. Soundly structured, securitisation is an important channel for diversifying funding sources and enabling a broader distri ...
Profit Announcement
... dividend. The dividend payout ratio is 70.8 per cent of cash NPAT. The interim dividend, which will be fully franked, will be paid on 31 March 2016. The ex-dividend date is 16 February 2016. The Dividend Reinvestment Plan (DRP) will continue to operate, but no discount will be applied to shares issu ...
... dividend. The dividend payout ratio is 70.8 per cent of cash NPAT. The interim dividend, which will be fully franked, will be paid on 31 March 2016. The ex-dividend date is 16 February 2016. The Dividend Reinvestment Plan (DRP) will continue to operate, but no discount will be applied to shares issu ...
The Impact of Leverage on Hedge Fund Performance
... + Short positions)/Net Asset Value, is 2.1 across all hedge funds. A low result in average gross leverage is because most of hedge funds belong to the equity sector where leverage is low, while some funds with large leverage exceed gross leverage of 30. Also their research observes that hedge fund l ...
... + Short positions)/Net Asset Value, is 2.1 across all hedge funds. A low result in average gross leverage is because most of hedge funds belong to the equity sector where leverage is low, while some funds with large leverage exceed gross leverage of 30. Also their research observes that hedge fund l ...
Norges Bank. Annual Report 2006
... Report of the Executive Board 2006 In accordance with the Norges Bank Act, executive and advisory authority is vested in the Executive Board, which is in charge of Norges Bank’s operations and the management of its resources. The Executive Board seeks to realise the Bank’s objectives and values with ...
... Report of the Executive Board 2006 In accordance with the Norges Bank Act, executive and advisory authority is vested in the Executive Board, which is in charge of Norges Bank’s operations and the management of its resources. The Executive Board seeks to realise the Bank’s objectives and values with ...
Word - corporate
... variations of such words or by similar expressions. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about KCG’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are in ...
... variations of such words or by similar expressions. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about KCG’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are in ...
Essays on international capital flows and macroeconomic stability
... standing of the transmission channel from global risk factors to domestic credit and saving. We estimate the time varying effects of risk on portfolio flows to South Africa, we estimate the transmission of portfolio flows to credit, and lastly we incorporate our empirical findings in a two-country D ...
... standing of the transmission channel from global risk factors to domestic credit and saving. We estimate the time varying effects of risk on portfolio flows to South Africa, we estimate the transmission of portfolio flows to credit, and lastly we incorporate our empirical findings in a two-country D ...
Risk and Capital Management
... Jyske Bank being the parent company conducts banking activities, and subsidiaries conduct other financial or accessory activities. The Group conducts mortgagecredit activities through BRFkredit. The Jyske Bank Group supports the needs of private individuals, businesses and institutions - and hence a ...
... Jyske Bank being the parent company conducts banking activities, and subsidiaries conduct other financial or accessory activities. The Group conducts mortgagecredit activities through BRFkredit. The Jyske Bank Group supports the needs of private individuals, businesses and institutions - and hence a ...
UCITS Application Form Section 10 Sub
... redeemable from the UCITS, include the following wording in bold: “UCITS ETF’s units/shares purchased on the secondary market cannot usually be sold directly back to the UCITS ETF. Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and ...
... redeemable from the UCITS, include the following wording in bold: “UCITS ETF’s units/shares purchased on the secondary market cannot usually be sold directly back to the UCITS ETF. Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and ...
Foundation Business Policy
... Monies held by the Foundation are placed in pools for investment purposes and earnings distributions are apportioned to the individual funds quarterly. Endowed investments are chosen to provide maximum total return over an extended period while eligible non-endowed monies are invested to provide the ...
... Monies held by the Foundation are placed in pools for investment purposes and earnings distributions are apportioned to the individual funds quarterly. Endowed investments are chosen to provide maximum total return over an extended period while eligible non-endowed monies are invested to provide the ...
Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held
... Include equity securities issued by related parties and non-related parties. Note that this treatment differs from the ARF 720.0A where equity securities issued by related parties are reported separately. Data for resident and non-resident issuers are collected separately. Note that this treatment d ...
... Include equity securities issued by related parties and non-related parties. Note that this treatment differs from the ARF 720.0A where equity securities issued by related parties are reported separately. Data for resident and non-resident issuers are collected separately. Note that this treatment d ...
Explaining the Magnitude of Liquidity Premia
... balance, the wealth shock is modelled as affecting the investor’s riskless asset holding. Hence, a positive wealth shock causes the inherited allocation to the risky asset to decrease. So a positive unconditional relation between the wealth shock and conditional expected risky-asset return means tha ...
... balance, the wealth shock is modelled as affecting the investor’s riskless asset holding. Hence, a positive wealth shock causes the inherited allocation to the risky asset to decrease. So a positive unconditional relation between the wealth shock and conditional expected risky-asset return means tha ...
Financial Accounting and Accounting Standards
... Special assessments Revenue from investment of debt service fund resources. There is no interest payable accrual on general obligation long-term debt. ...
... Special assessments Revenue from investment of debt service fund resources. There is no interest payable accrual on general obligation long-term debt. ...
Three Essays on Banking Market Effects on Market Structure in Non
... in 25 EU countries, we employed panel data analysis to estimate the effect of banking concentration on product market structure. UNIDO’s data for industrial sectors were also used for checking robustness of results. We expected to find confirmation for the positive relationship between banking and p ...
... in 25 EU countries, we employed panel data analysis to estimate the effect of banking concentration on product market structure. UNIDO’s data for industrial sectors were also used for checking robustness of results. We expected to find confirmation for the positive relationship between banking and p ...
Pension Fund Asset Allocation and Liability Discount Rates
... investments in risky assets at times when they have relatively fewer attractive opportunities or limited capacity to select and monitor additional risky investments, in which case we could expect them to underperform. We evaluate the investment performance by adjusting the pension fund returns for b ...
... investments in risky assets at times when they have relatively fewer attractive opportunities or limited capacity to select and monitor additional risky investments, in which case we could expect them to underperform. We evaluate the investment performance by adjusting the pension fund returns for b ...