• Study Resource
  • Explore Categories
    • 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
CHAPTER 17 Financial Forecasting
CHAPTER 17 Financial Forecasting

Bondch6s
Bondch6s

Frequently Asked Questions
Frequently Asked Questions

... after notice is provided to you. (Termination does not include a leave of absence taken with the approval of the College.) Your note(s) will also immediately be due if you become partially or totally disabled (and such disability necessitates such termination), or if you cease to be the owner of the ...
What is an Interest Rate Risk?
What is an Interest Rate Risk?

... term structure as well as in price discovery. Interest rate futures can be used for three purposes: Hedging against interest rate risks, Arbitraging being a simultaneous buying and selling of futures taking advantage of a temporary price difference or mispricing in the market, resulting in an immedi ...
Download Full Article
Download Full Article

Section 363 of the Bankruptcy Code – A Tool for Buying and Selling
Section 363 of the Bankruptcy Code – A Tool for Buying and Selling

... Consider these common “distressed asset” scenarios: A business only has capital to operate for a short time. A lender or potential purchaser is willing to provide only short-term financing to a struggling business. A potential purchaser says that it will pay more for assets if it can acquire the ass ...
fund facts - CI Investments
fund facts - CI Investments

Capital Budgeting Processes And Techniques
Capital Budgeting Processes And Techniques

Macro prudential measures and housing markets A note on
Macro prudential measures and housing markets A note on

... preventing mutually beneficial trades and thereby reducing household mobility.12 Recent evidence also points towards the effects being driven by short distance moves, which could suggest that transaction taxes may distort housing markets more than labor markets (see e.g. Hilber and Lyytikäinen, 2015 ...
"Sarbanes-Oxley" For Credit Rating Agencies?
"Sarbanes-Oxley" For Credit Rating Agencies?

... These ratings were generally very favorable, and the innovative financial instruments sold well.13 Those who purchased the subprime RMBS excitedly held on to these new profit opportunities. Banks relished their newfound ability to move the mortgages off of their balance sheets and increase their liq ...
Chapter 12 The Balance of Payments and the Exchange Rate
Chapter 12 The Balance of Payments and the Exchange Rate

the probability of default under ifrs 9: multi
the probability of default under ifrs 9: multi

MODERN RISK MANAGEMENT
MODERN RISK MANAGEMENT

What is a Systemically Important Financial Institution?
What is a Systemically Important Financial Institution?

... a principal components analysis becomes concentrated in a single factor. A modification of this approach by Reyngold, Shnyra, and Stein (2013) denoted Credit Absorption Ratio (CAR) extends AR to default risk data. And Carciente, Kenett, Avakia, Stanley, and Havlin (2015) undertake systemic stress te ...
CHAPTER_3,5_solutions
CHAPTER_3,5_solutions

Securities Activities by Commercial Banking Firms’ Section 20 Subsidiaries:
Securities Activities by Commercial Banking Firms’ Section 20 Subsidiaries:

Risk and Rates of Return
Risk and Rates of Return

... … the riskiness of a portfolio of securities, p, in general is not a weighted average of the standard deviations of the individual securities in the portfolio … the correlation coefficient, r, is a measure of the degree of co-movement between two variables; in this case, the variable is the rate of ...
I. MACROECONOMIC DEVELOPMENTS
I. MACROECONOMIC DEVELOPMENTS

Bonds Payable
Bonds Payable

... calculated by the bond market and is stated in Bonds that sell for more than 100 are issued terms of a percentage of the face value. The for more than the face value. They are called cash the company receives when issuing a bond bonds issued at a premium. is call the proceeds. Bonds that sell at 100 ...
LIQUIDITY PAPER v4 - Institute and Faculty of Actuaries
LIQUIDITY PAPER v4 - Institute and Faculty of Actuaries

... However it is worth noting that the FSA does not see liquidity is as much an issue for life insurers as banks, and has exempted life insurers from quantitative liquidity risk requirements. From section 5.1 of the PSB : 5.1.7 G The FSA recognises that a typical firm in PRU Category 1 or 3 generally ...
COMMENTS ON THE COMPANY`S
COMMENTS ON THE COMPANY`S

... Note: LTM (last twelve months) is the sum of the results calculated for the last twelve months. LTM is not a measure utilized in Brazilian accounting practices, and does not represent a statement of income for the period, nor should it be regarded as an alternative to net income from the standpoint ...
Country Risk Updates – Q1 2016 Jan
Country Risk Updates – Q1 2016 Jan

http://www.econstor.eu/bitstream/10419/89039/1/IDB-WP-276.pdf
http://www.econstor.eu/bitstream/10419/89039/1/IDB-WP-276.pdf

banking sector statistical digest - Cayman Islands Monetary Authority
banking sector statistical digest - Cayman Islands Monetary Authority

... performance. Branches reported negative shareholders equity, in most instances, from liabilities being greater than assets. Subsidiaries showed positive earnings, though slightly compressed due mainly to market volatility, higher levels of provisioning for credit losses and slow growth in the global ...
Volatility - past, present and future
Volatility - past, present and future

... The moral of this tale is to start saving as early as possible, and to increase contributions whenever possible. No one can guarantee what an investor’s end portfolio balance will be, but the odds of reaching financial goals are better if you save more and save earlier. ...
< 1 ... 97 98 99 100 101 102 103 104 105 ... 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 © 2026
  • DMCA
  • Privacy
  • Terms
  • Report