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Chapter 6 The Risk and Term Structure of Interest Rates
... (a) the default risk on the corporate bond will increase and the bond’s return will become more uncertain, meaning the expected return on the corporate bond will fall. (b) the default risk on the corporate bond will increase and the bond’s return will become less uncertain, meaning the expected retu ...
... (a) the default risk on the corporate bond will increase and the bond’s return will become more uncertain, meaning the expected return on the corporate bond will fall. (b) the default risk on the corporate bond will increase and the bond’s return will become less uncertain, meaning the expected retu ...
- Franklin Templeton Investments
... secured loans, senior unsecured loans, and subordinate corporate loans made to domestic and foreign borrowers, including loans that may be rated below investment grade or equivalent unrated loans. In all types of CDOs, the interests in the trust are split into two or more portions, called tranches, ...
... secured loans, senior unsecured loans, and subordinate corporate loans made to domestic and foreign borrowers, including loans that may be rated below investment grade or equivalent unrated loans. In all types of CDOs, the interests in the trust are split into two or more portions, called tranches, ...
Financial Ratio Medians-2015.indd
... publication (“BBB-” or greater rating from S&P or Fitch). We did not match ratings in effect during FY 2014. As expected, the ratio medians generated from the audited financial results of borrowers who have investment grade rated bonds show these borrowers are in a stronger financial state when comp ...
... publication (“BBB-” or greater rating from S&P or Fitch). We did not match ratings in effect during FY 2014. As expected, the ratio medians generated from the audited financial results of borrowers who have investment grade rated bonds show these borrowers are in a stronger financial state when comp ...
Annual Report 2010(7.5mm spine)
... has been made on the restructuring of unattractive contracts. During and after the financial year-end, agreement was reached on the renegotiation or termination of three major unprofitable contracts, resolving the majority of the business’s difficult contracts. This will give rise to benefits in the ...
... has been made on the restructuring of unattractive contracts. During and after the financial year-end, agreement was reached on the renegotiation or termination of three major unprofitable contracts, resolving the majority of the business’s difficult contracts. This will give rise to benefits in the ...
SCHULMAN A INC (Form: 8-K, Received: 04/27/2015 16:28:20)
... relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of fu ...
... relate strictly to historic or current facts and relate to future events and expectations. Forward-looking statements contain such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of fu ...
Refinancing Pressure and Earnings Management
... may feel pressure to make their firms look as attractive as possible leading into the next period when refinancing may take place. In other words, potential refinancing pressure may lead managers to manipulate earnings. We examine the relation between changes in debt in current liabilities (short-te ...
... may feel pressure to make their firms look as attractive as possible leading into the next period when refinancing may take place. In other words, potential refinancing pressure may lead managers to manipulate earnings. We examine the relation between changes in debt in current liabilities (short-te ...
Form 10-K - Kimco Investor Relations
... Corporation (the “Company”) contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbo ...
... Corporation (the “Company”) contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbo ...
Gold, copper and silver production in Azerbaijan
... to put in place the foundations for sustainable profitability and cash generation. A major contributor to the success in 2016 is the continuing evolution of Anglo Asian into a company for which copper is increasingly a significant proportion of its production. Copper production doubled to 1,941 tonn ...
... to put in place the foundations for sustainable profitability and cash generation. A major contributor to the success in 2016 is the continuing evolution of Anglo Asian into a company for which copper is increasingly a significant proportion of its production. Copper production doubled to 1,941 tonn ...
Annual Report and Accounts 2002-2003 – Subsidiary
... well-structured ideas as well as strategy and theme reports across sectors have been well received and appreciated by major domestic and international clients. In addition, the quality of interaction with both domestic and overseas institutional investors was significantly enhanced through regular s ...
... well-structured ideas as well as strategy and theme reports across sectors have been well received and appreciated by major domestic and international clients. In addition, the quality of interaction with both domestic and overseas institutional investors was significantly enhanced through regular s ...
The Behavior of US Interest Rate Swap Spreads in Global Financial
... investigate the sensitivity of swap spreads to Aaa and Baa corporate bond spreads. An interest rate swap is an agreement between two parties to exchange cash flows in the future. In a typical agreement, two counterparties exchange streams of fixed and floating interest rate payments. Thus fixed inte ...
... investigate the sensitivity of swap spreads to Aaa and Baa corporate bond spreads. An interest rate swap is an agreement between two parties to exchange cash flows in the future. In a typical agreement, two counterparties exchange streams of fixed and floating interest rate payments. Thus fixed inte ...
2013 CFA Level 1 - Book 5 - Apache
... expose34)investors to greater reinvestment risk than nonamortizing types of risk creditandriskwhyanditthemightmeaning and roletoofinvestors credit ratings. (page ...
... expose34)investors to greater reinvestment risk than nonamortizing types of risk creditandriskwhyanditthemightmeaning and roletoofinvestors credit ratings. (page ...
accounting ratios
... Following are the some of the disadvantages of ratio analysis a) No suitable standard Generally there is no standard ratio for the purpose of the comparison, because conditions of one concern differ significantly from another concern. For example, an ideal current ratio is 2: 1. But if a firm is abl ...
... Following are the some of the disadvantages of ratio analysis a) No suitable standard Generally there is no standard ratio for the purpose of the comparison, because conditions of one concern differ significantly from another concern. For example, an ideal current ratio is 2: 1. But if a firm is abl ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... Existing economic conditions include prices and costs at which economic producibility from a reservoir is to be determined. The price shall be the average price during the 12-month period before the ending date of the period covered by the report, determined as an unweighted arithmetic average of th ...
... Existing economic conditions include prices and costs at which economic producibility from a reservoir is to be determined. The price shall be the average price during the 12-month period before the ending date of the period covered by the report, determined as an unweighted arithmetic average of th ...
BARCLAYS BANK PLC /ENG/ (Form: 424B2, Received: 12
... of the Lowest Performing Reference Asset and the performances of the other Reference Assets will not be taken into account for purposes of calculating any payment due at maturity under the Notes. Any payments due on the Notes, including any payment due at maturity, is subject to the creditworthiness ...
... of the Lowest Performing Reference Asset and the performances of the other Reference Assets will not be taken into account for purposes of calculating any payment due at maturity under the Notes. Any payments due on the Notes, including any payment due at maturity, is subject to the creditworthiness ...
Annual Information Form
... practices are designed to ensure that the investments of the Portfolios are diversified and relatively liquid, and to ensure that the Portfolios are properly administered. The Portfolios are subject, namely, to section 4.1 of Regulation 81-102, which prohibits certain investments when certain relate ...
... practices are designed to ensure that the investments of the Portfolios are diversified and relatively liquid, and to ensure that the Portfolios are properly administered. The Portfolios are subject, namely, to section 4.1 of Regulation 81-102, which prohibits certain investments when certain relate ...
Thematic Review on mortgage Underwriting and Origination Practices
... Regardless of the approach, assessing a borrower’s ability to repay across a range of dimensions is fundamental to sound underwriting practices. Most FSB members have followed or are in the process of following the Joint Forum recommendations. For instance, one of the biggest contributors to the US ...
... Regardless of the approach, assessing a borrower’s ability to repay across a range of dimensions is fundamental to sound underwriting practices. Most FSB members have followed or are in the process of following the Joint Forum recommendations. For instance, one of the biggest contributors to the US ...
Coherent Distortion Risk Measures in Portfolio Selection
... the regulators for risk quantification. For example, VaR was adopted as the “first pillar” in Basel II, which are recommendations on banking laws and regulations mandated by Basel Committee on Banking Supervision (see Cooke [12]). CVaR is recommended by the National Association of Insurance Commissi ...
... the regulators for risk quantification. For example, VaR was adopted as the “first pillar” in Basel II, which are recommendations on banking laws and regulations mandated by Basel Committee on Banking Supervision (see Cooke [12]). CVaR is recommended by the National Association of Insurance Commissi ...