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Presentation to the Andrew Brimmer Policy Forum IBEFA/ASSA Meeting San Francisco, CA
Presentation to the Andrew Brimmer Policy Forum IBEFA/ASSA Meeting San Francisco, CA

Asian Total Return Bond Fund
Asian Total Return Bond Fund

... (or distribution). Bonds with high probability of default are excluded from the calculation. The running yield does not reflect the total return over the life of the bond and takes no account of reinvestment risk (the uncertainty about the rate at which future cash flows can be reinvested) or the fa ...
ANNEXURE 2: FINANCIAL RATIOS It is important for business
ANNEXURE 2: FINANCIAL RATIOS It is important for business

... ROE can be calculated indirectly as: ROE = (Net Income/Total Assets) (Total Assets/Equity) ROE also can be calculated using the following method: ROE = (Net Income/Sales) (Sales/Total Assets) (Total Assets/Equity) This states that ROE is determined by multiplication of three levers: ...
There are six options for your investment in the CIF
There are six options for your investment in the CIF

... b. The credit union contacts Corporate One FCU at 800 366-2677. Corporate One will work with the credit union to find an investment that meets their asset liability strategy and fits their contribution goal set in Step a. Corporate One investment officers will work with the credit union to complete ...
ASSET BUILDING DEPARTMENT Wallet Wise Financial Education
ASSET BUILDING DEPARTMENT Wallet Wise Financial Education

Chapter 14 Study Guide
Chapter 14 Study Guide

... Secondary Reserves are short-term assets convertible quickly to cash at a price near their purchase price. a. Highly marketable with low default risk or price risk, but b. Yield little interest compared to loans or riskier investments. c. Secondary reserves include— ...
Trade, capital flows and credit growth in CEE
Trade, capital flows and credit growth in CEE

Common Financial Ratios
Common Financial Ratios

... Sales / Average Accounts Payable Income From Continuing Operations (After Tax) / Sales Income Before Tax / Sales (Net Income – Preferred Dividends) / Average Common ...
1 ITEM 8 UNDERSTANDING FINANCIAL STATEMENTS It is
1 ITEM 8 UNDERSTANDING FINANCIAL STATEMENTS It is

... a high rate of turnover will need less money to operate with than a company with a slow turnover. An inventory turnover ratio of 6 to 1 is usually satisfactory for a company in the retail general farm supply business. In other businesses, different inventory turnover ratios ...
Contemporary Securities Market in Cambodia
Contemporary Securities Market in Cambodia

... 3.4. Submit application for approval on term of offering 3.5. Subscription 3.6. Report result to SECC ...
PPT - NCCU SLIS
PPT - NCCU SLIS

... “A library vendor will get into financial difficulty some time soon. Who knows where, who knows when, but it will happen again-it’s a certainty.” James Gray – CEO Coutts Information Services, LTD ...
View as DOC (2) 248 KB
View as DOC (2) 248 KB

... Overall the level of investments has increased by £182.77m. This increase is as a result of there being strong positive cashflow position at the start of the year as grant income tends to be front loaded. This income is invested for the short term until it is required for expenditure later in the ye ...
Submission - Review of the managed investments act 1998
Submission - Review of the managed investments act 1998

... “Most Canadian mutual fund investors currently have neither the resources nor the inclination to effectively oversee fund managers. For this reason, the market is increasingly demanding independent oversight,” said Cowdery. A number of Canadian mutual funds have already instituted fund governance sy ...
Assets - McGraw-Hill Education
Assets - McGraw-Hill Education

The International Spillover effects of pension finance in an EMU
The International Spillover effects of pension finance in an EMU

...  The paper summarizes the effect of the buy-andhold investor in two additional state variable, capturing the fraction of stocks held by the buyand-hold investor, η(t), and the “exchange rate” between the consumption of both investors, λ(t) ...
Inside The Meltdown
Inside The Meltdown

... a promise that if the bonds fail Bear would pay them back, but as long as the bond doesn’t go under they would pay Bear insurance. With that, Ben Bernanke decided to use JPMorgan to indirectly give Bear Sterns money to help them stay alive. The next day the plan backfired showing that if the Federal ...
top fund fortissimo - (c)
top fund fortissimo - (c)

Infrastructure Bonds in Chile
Infrastructure Bonds in Chile

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Download pdf | 78 KB |

Specialness and Regulation
Specialness and Regulation

Working Capital – The Key in Volatile Times
Working Capital – The Key in Volatile Times

Final Residential RE Seminar
Final Residential RE Seminar

MR0159 - Loan Value granted to Significant Security Positions Held
MR0159 - Loan Value granted to Significant Security Positions Held

... IDA Regulation 100 sets out the various margin rates for securities. These rates are the minimum regulatory rates that are required to be used for Member firm and customer account positions and they are set based on the type of security (i.e., debt or equity) and other factors such a credit rating, ...
Community Capital Management
Community Capital Management

... A mortgage-backed security, also known as “MBS,”“Pool,” or “mortgage pass-through certificate,” is a debt obligation that represents claims to the cash flows from pools of mortgage loans, most commonly mortgage loans on residential property. An investor in a mortgage-backed security – the “certifica ...
Outlook for the U.S. Economy
Outlook for the U.S. Economy

... The 1980 legislation also raised the FDIC insurance limit from $40,000 to $100,000. It further allowed Credit Unions and S&L’s to offer checking account services, while at the same time authorizing financial institutions to charge any loan rate of ...
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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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