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Uganda Agricultural Credit Facility
Uganda Agricultural Credit Facility

... to as Participating Financial Institutions (PFIs) to facilitate the provision of medium and long term loans to projects engaged in agriculture and agro-processing on more favorable terms than are usually available from the PFIs. Loans under the ACF are disbursed to farmers and agro-processors throug ...
Credit Derivative: Concept & Applications in the By
Credit Derivative: Concept & Applications in the By

Source: Barron`s 7/4/2016 - Academy of Preferred Financial Advisors
Source: Barron`s 7/4/2016 - Academy of Preferred Financial Advisors

... Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index perform ...
4-_chap013_ppt_edited
4-_chap013_ppt_edited

the great risk/return inversion - who loses out?
the great risk/return inversion - who loses out?

... prediction, showing either that there was no observable link between beta and return, or that the correlation was inverse. The authors explained their finding by pointing to borrowing constraints faced by some investors, such as mutual funds, who sought instead to leverage their portfolios by buying ...
Concept of Accounting And Review Of Balance Sheet
Concept of Accounting And Review Of Balance Sheet

... Liabilities : liabilities are the debts owed by a business to out side parties ( called creditors ). This includes amount owed to suppliers for goods or services purchased amount borrowed from banks or other lenders, salaries and taxes due but not paid. Net worth : the term net worth, proprietorship ...
Emerging Derivative Markets
Emerging Derivative Markets

... DI-futures: $6bn daily; contract $27,000; OI $24bn (12m active) DDI-futures (local $-interest): $4bn daily; $47,000; OI $32 bn US$-futures: $3bn daily; contract $50,000; OI $20bn 80% of debt indexed to FX or I ; trading D parts separately Repo and D market liquidity is far larger than cash mark ...
Securities Trading Policy
Securities Trading Policy

... Directors and the CEO, Direct Reports to the CEO, and any other executive specifically designated by the CEO from time-to-time, and members of their immediate family or household, (Covered Employees) wishing to buy or sell the Company’s securities or derivatives or to exercise options over the Compa ...
Lecture Notes - School of Cooperative Individualism
Lecture Notes - School of Cooperative Individualism

GDP- (GROSS DOMESTIC PRODUCT)
GDP- (GROSS DOMESTIC PRODUCT)

... Money. Comes and goes too rapidly, creating stock rises and falls. Indians are wary of investing here, they prefer Gold or FDs. This has many ramifications in the form of fluctuations, BOP crisis etc. SEBI (Securities and Exchange Board of India): It regulates both primary and secondary market. It p ...
1 shadow banking
1 shadow banking

Real estate
Real estate

Bonds: Analysis and Strategy
Bonds: Analysis and Strategy

... • Designed to protect a bond (fixed income) portfolio against interest rate risk, both (1) Reinvestment risk and (2) Price Risk • Match your desired holding period with the duration (not maturity) of your bond portfolio. • Note: Duration (portfolio) is the weighted average of the individual bond’s d ...
Chapter 1
Chapter 1

... Issuer is expressly prohibited from redeeming the issue prior to maturity ...
Description of Financial Instruments and Principal
Description of Financial Instruments and Principal

search for yield
search for yield

... therefore need to attain a particular return over time. Companies may deal with this problem to some extent in several different ways in the longer run, for instance, by requiring higher premiums from their policyholders or by changing their business models. However, one possible and more short-term ...
Inside the Black Box: The Credit Channel of Monetary Policy
Inside the Black Box: The Credit Channel of Monetary Policy

Full Article - Nash Family Wealth
Full Article - Nash Family Wealth

... credit cycle. When the spread between corporate-bond and government-bond yields is small, as was the case in 2007, management tends to focus on high-quality, safer corporate bonds or even government securities. When spreads widen, such as in 2008 and early 2009, management will become aggressive and ...
ICICI-Prudential-Fixed-Maturity-Plan-Series 73
ICICI-Prudential-Fixed-Maturity-Plan-Series 73

... The Scheme will not have any exposure to Securitised Debt. The tenure of the Scheme is 392 days from the date of the allotment. 1. The Scheme shall endeavour to invest in instruments having credit rating as indicated above or higher. 2. In case instruments/securities as indicated above are not avail ...
Use of Deposit Agents - CU-2016-01
Use of Deposit Agents - CU-2016-01

The impact of low interest rates on insurers and banks
The impact of low interest rates on insurers and banks

...  larger share of loans is granted at fixed rate, 57% for the 5 largest banks (BNPP, GCA, SG, GBPCE, and GCM) at the beginning of 2014.  the negative impact of low interest rates may be attenuated  However, the renegotiations of loans rates contribute to reduce banks’ NIM in low interest rate envi ...
ECON366 - KONSTANTINOS KANELLOPOULOS
ECON366 - KONSTANTINOS KANELLOPOULOS

... conservative and the other aggressive. The conservative capital structure calls for a D/A ratio = 0.25, while the aggressive strategy call for D/A = 0.75. Once the firm selects its target capital structure it envisions two possible scenarios for its operations: Feast or Famine. The Feast scenario ha ...
Chapter 1 PPP
Chapter 1 PPP

here - Reverse Market Insight
here - Reverse Market Insight

... Conventional (not government insured) reverse mortgage lenders in the US often offer smaller loan amounts to reduce risks. They find it hard to compete with government insured HECM except in the “jumbo” market for homes valued above FHA loan limit of $417,000. Note: conventional market has become in ...
inflationary environment
inflationary environment

... Investments, including bonds, are subject to market risk, including possible loss of principal. ...
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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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