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TCW High Dividend Equities Fund Summary Prospectus
TCW High Dividend Equities Fund Summary Prospectus

Asian Holdings of US Treasury Securities: Trade Integration as a
Asian Holdings of US Treasury Securities: Trade Integration as a

... equities (18%), Latin America is the opposite. They invest more in equities—more than double that of debt securities. Latin America’s holding of US Treasury is a mere 3% (in fact, only two countries, Brazil and Mexico, appear within the top 27 holders). The Asian share is apparently substantial, and ...
Lesson 3-1 - Public Schools of Robeson County
Lesson 3-1 - Public Schools of Robeson County

... permanent record by recording transactions in a journal. To keep from getting overloaded, business usually record transaction to their journals every day. CENTURY 21 ACCOUNTING © Thomson/South-Western ...
2010 Financial Report
2010 Financial Report

Vantage Point - Voya Investment Management
Vantage Point - Voya Investment Management

GMAC Demand Notes – What`s the Risk
GMAC Demand Notes – What`s the Risk

... With all the talk of a GM bankruptcy, many investors have been asking the question – What’s the risk in holding GMAC Demand Notes? For years many have utilized GMAC Demand Notes as an account for cash reserves that pays a much higher rate of interest (5.5% as of 12/30/05) than a typical money market ...
Building better credit unions (summary)
Building better credit unions (summary)

... Isolating the factors behind performance differences is not without problems, as credit unions use different business models. In the UK, discussion about appropriate business models tends to centre upon the relative virtues of the ‘new’ model versus the ‘ethical/traditional’ model. However, this deb ...
Account for Agriculture, Forestry, Fisheries and Food Business
Account for Agriculture, Forestry, Fisheries and Food Business

... Provisions of “Japan Finance Corporation Act” (Act No. 57, 25 May 2007) and Japan Finance Corporation [Account for Agriculture, Forestry, Fisheries and Food Business Operations]. The new corporation was established on the same day and succeeded to all the rights and obligations of AFFFC except asset ...
Solution 1:
Solution 1:

... Bond is a type of Direct Claim Security whose value is NOT secured by __________. ► Tangible assets ► Intangible assets ► Fixed assets ► Real assets ...
New trading risk indexes - The Department of Economics
New trading risk indexes - The Department of Economics

... decomposition of the covariance facilitates financial information and individual’s predictions, whatever they are institutional investors or little investors. The principal criticism of this approach is that the risk index depends on the variance estimation method. As Dagum [1997] states, the one-w ...
Inside the Black Box: Hamilton, Wu, and QE2 . ∗ John H. Cochrane
Inside the Black Box: Hamilton, Wu, and QE2 . ∗ John H. Cochrane

Audit 2014 - Xavier Society for the Blind
Audit 2014 - Xavier Society for the Blind

Accounting Principles, 5e
Accounting Principles, 5e

... After studying this chapter, you should be able to: 5 Identify and compute ratios and describe their purpose and use in analyzing a firm’s liquidity, profitability, and solvency. 6 Understand the concept of earning power; and indicate how material items not typical of regular operations are presente ...
TA Pai Management Institute - Xavier Institute of Management
TA Pai Management Institute - Xavier Institute of Management

... take a risky position, only if they perceive that the expected return is commensurate with the risk. A speculator may either be betting that the market will rise, or he could be betting that the market will fall. ...
Credit standards and financial institutions’ leverage ∗ Gilles Dufr´enot
Credit standards and financial institutions’ leverage ∗ Gilles Dufr´enot

Bond Yields In The Hospitality Industry
Bond Yields In The Hospitality Industry

This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: Housing and the Financial Crisis
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: Housing and the Financial Crisis

Term Sheet Indian Railway Finance Corporation Limited 8.23
Term Sheet Indian Railway Finance Corporation Limited 8.23

I_Ch05
I_Ch05

... Annual Percentage Rate (APR) annualizes perperiod rates using the simple interest approach APR = (# of periods per year)  (per-period rate) – Returns on assets with regular cash flows, such as mortgages (with monthly payments, e.g., 3%/12) and bonds (with ...
Leverage, Default, and Forgiveness
Leverage, Default, and Forgiveness

Spotlight on catastrophe bonds
Spotlight on catastrophe bonds

- Backpack
- Backpack

... • If the issue is underpriced, the company stands to lose notionally since the securities will be sold at a price lower than its intrinsic value, resulting in lower realizations. ...
risks associated with financial instruments (glossary)
risks associated with financial instruments (glossary)

... Non-systematic risk refers to risks that can be mitigated through diversification. It is also called unique, diversifiable, firm-specific, or industryspecific risk. Investors can mitigate this type of risk by constructing portfolios in an intelligent way. The two examples below illustrate simple div ...
Appendix 3
Appendix 3

Presentation
Presentation

... • For lessors the practical classification for type A and type B leases is whether or not the lease term is expected to consume a significant portion of the economic benefits embedded in the underlying assets ...
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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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