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PowerPoint Template
PowerPoint Template

IFRS 9 Financial Instruments
IFRS 9 Financial Instruments

Fraud Schemes and Red Flags of Fraud
Fraud Schemes and Red Flags of Fraud

...  Recording unearned revenues as earned  Not recording warranty or service liabilities  Not recording loans or keep liabilities off the books  Not recording contingent liabilities ...
Management`s primary goal is to maximize stockholder
Management`s primary goal is to maximize stockholder

... had dropped significantly, perhaps investors believed that low inflation was not likely to persist for long and thus rates for Treasury maturities five years and beyond were much higher. In February 1998 long-term rates had declined 120 basis points (1.20%) but short-term rates had risen by over 200 ...
“Indicadores Financieros Clave en la Calificacion de Empresas por
“Indicadores Financieros Clave en la Calificacion de Empresas por

... Copyright (c) 2008 Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. All rights reserved. ...
debt capital markets
debt capital markets

... saw more unreported sole-lender deals and underreported clubbed deals for 1) traditional issuers in the middle market and 2) larger issuers that historically would have relied on retail syndication. The supply/demand imbalance continued to be the theme within the ABL market in 4Q16. At just under $5 ...
Session 13. National income and the balance of payments
Session 13. National income and the balance of payments

... the GDP and the “income” component (1B) of the balance of payments. Income credits are added and debits subtracted. Gross national disposable income (GNDI) is a SNA concept closely related to GNI. It is derived from GNI and the “current transfers” component (1C) of the balance of payments. Credits o ...
The Case for Dividends - Franklin Templeton Investments
The Case for Dividends - Franklin Templeton Investments

... next 10 years in a potentially inflationary environment, they would risk losing purchasing power. Investors in more liquid instruments such as taxable money market securities would potentially face even larger issues if inflation were to increase, since short-term yields have been near 1.0% 2,3. Wit ...
Hedging Prepayment Risk on Retail Mortgages
Hedging Prepayment Risk on Retail Mortgages

... How to finance a mortgage and why is there prepayment risk? When a customer acquires a mortgage loan, he or she usually borrows money for a long period of time, say 10 years. Moreover he will have to pay a fixed interest rate for the entire period. In order to fund this mortgage the bank could issue ...
Sample title for chapter 1
Sample title for chapter 1

Institutions for Managing Risks to Living Standards
Institutions for Managing Risks to Living Standards

... Indexing national debt owed to foreigners to national income would prevent countries from falling into difficult situations if their economic growth were not as high as expected. Instead, foreign investors would bear some of the national income risk as part of a diversified portfolio. Such riskshari ...
Competency Standard
Competency Standard

... Demonstrated ability to plan for and manage the acquisition, maintenance and replacement of physical assets within a specific tourism and hospitality workplace ...
Slide 1
Slide 1

Presentation - Keith Rankin
Presentation - Keith Rankin

... Use It or Lose It: Abstract The global financial and economic crisis can be understood through the requirement that a closed system of payments must balance. The circular flow model advanced emphasises the emergence of creditors, and their tendency to persevere with a savings habit (intentionally s ...
financial measures - Business simulations
financial measures - Business simulations

... The Profit & Loss Accounts only contains information on the trading activity for the period. So it does not include costs or revenue committed or paid during the period that are part of later trading activity. This can be illustrated by two examples: 1. Factory equipment is purchased that has a usef ...
asset
asset

... page viii for list of features for each chapter of the text: Power Point lectures, quizzes, videos, ...
money_lecs_2_2013_v3_post
money_lecs_2_2013_v3_post

... 1. Fed buys assess backed mortgage (from bank for simplicity) 2. Bank is glad to unload it, and just holds excess reserves. 3. No impact on the money supply or on federal funds rate. A (very small) impact on mortgage interest rates. ...
AAPT taps a different funds pool for its domestic market return
AAPT taps a different funds pool for its domestic market return

... which hover on the cusp of investment grade find less volume of demand for their issuance because some investors do not want to hold paper that may be subject to a negative rating action. At the time KangaNews also learned that the issuer had been targeting an even-larger transaction than the eventu ...
十四 Asset Valuation: Debt Investments: Basic Concepts
十四 Asset Valuation: Debt Investments: Basic Concepts

... entire principal is paid off. The previous two cases, bullet and serial bonds, represent examples of non-amortizing securities. In these two cases, the principal is not amortized on a regular basis. ...
Ambac Presentation
Ambac Presentation

... This presentation contains statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any or all of management’s forward-looking statements here or in other publications may turn out to be wron ...
11 Ratios Every Credit Union Professional Should
11 Ratios Every Credit Union Professional Should

... (excluding provision for loan loss, dividends, and interest on borrowed money) less fee and other operating income. This ratio adjusts expense ratio by the amount of income collected to offset the cost of offering services. ...
Workbook_7_-_Financi..
Workbook_7_-_Financi..

... 4. Reconcile the pro forma statements in the solution to Problem 2, using long-term debt as the "plug" figure, under the assumption that Seaver Corporation has a payout ratio of 80%. Dividends are ($27,600 × .80) = $22,080, and retained earnings are ($27,600 - $22,080) = $5,520. Equity on the pro fo ...
Terms and Conditions of Use Nature of the
Terms and Conditions of Use Nature of the

... statements. These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in short-term interest rates and the market value of Anworth’s mortgage-backed securities; changes in the prepayment rates on the mortgage loans secu ...
report - Financial Policy Forum
report - Financial Policy Forum

... better manage the risks of global investing. In doing so, derivatives facilitated this new composition of capital flows by unbundling risk and redistributing it away from investors who did not want it and towards those more willing and able to bear it. At the same time, derivatives created new risks ...
Understanding FICO Credit Scores - DHS-Business
Understanding FICO Credit Scores - DHS-Business

... to yield your credit score. Most credit scores estimate the risk a company incurs by lending you money or providing you with a service -- specifically, the likelihood that you'll fail to make payments in the next two to three years. ...
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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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