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unaudited but reviewed
unaudited but reviewed

... Company with a discount of approximately Baht 0.4 million and the Company’s future interest obligations also reduced by Baht 0.3 million. The Company recorded the totaled Baht 2.8 million of such reduction in indebtedness as a gain from debt restructuring, presenting it as an extraordinary item in t ...
Financial Stability Report - November 2016
Financial Stability Report - November 2016

Introduction to High-Yield Bond Covenants
Introduction to High-Yield Bond Covenants

1 Complaint for Violation of the Federal Securities Laws 05/19/2015
1 Complaint for Violation of the Federal Securities Laws 05/19/2015

... manipulated sales, receivables, profit and other asset accounts; and (2) Vipshop's financial statements have been contradicted by management's own disclosures in several instances. The Mithra report stated, in part: Depending upon the nature of its sales transactions, VIPS acts as either a principal ...
Combining active and passive managements in a portfolio
Combining active and passive managements in a portfolio

... Nicolas Gaussel: It may seem paradoxical that the demand for alternative asset management structures, such as hedge funds, has been increasing in the midst of this boom for indexing and passive solutions—yet investor inflows into alternatives have been very strong. Another study, conducted by Cliffw ...
Fund Categories and Basis of Accounting
Fund Categories and Basis of Accounting

... A fund is defined as: “a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activit ...
Romanian Banks – BANCA TRANSILVANIA
Romanian Banks – BANCA TRANSILVANIA

Methodology for Forecasting and Stress-Testing
Methodology for Forecasting and Stress-Testing

This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Financial Effects of Inflation
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: The Financial Effects of Inflation

Cleaning up the Spanish financial sector´s real
Cleaning up the Spanish financial sector´s real

Managing The Leverage Cycle
Managing The Leverage Cycle

... Observe that the Down Payment axis has been reversed, because lower down payment requirements are correlated with higher home prices. Note: For every AltA or Subprime first loan originated from Q1 2000 to Q1 2008, down payment percentage was calculated as appraised value (or sale price if available) ...
Ch7 Portf theory sols 12ed
Ch7 Portf theory sols 12ed

Halal Stock Designation And Impact On Price and Trading Volume
Halal Stock Designation And Impact On Price and Trading Volume

... stock’s returns and trading volume. While there appears to be evidence of an impact on both these variables, much of the debate has been on whether the impact is temporary or permanent and on the reasons for the impact. Alternative hypotheses/arguments have been put forth to explain the impact. Most ...
Mortgage Choice Determinants: The Role of Risk and Bank
Mortgage Choice Determinants: The Role of Risk and Bank

SUNTRUST BANKS INC (Form: 8-K, Received: 01
SUNTRUST BANKS INC (Form: 8-K, Received: 01

... increased $20 million relative to 2015 as a result of 8% growth in the servicing portfolio and better net hedge performance. At December 31, 2016 and 2015, the servicing portfolio was $160.2 billion and $148.2 billion, respectively. Trust and investment management income was $73 million for the curr ...
A Framework for the use of Discount Rates in Actuarial Work
A Framework for the use of Discount Rates in Actuarial Work

... future cash flows. For example, will a series of future cash inflows (an asset) be adequate to meet a separate series of future cash outflows (a liability)? The technique of “present values” or “discounted cash flows” is an approach to summarising a series of future cash flows in a more manageable w ...
Bond Markets in Serbia: Regulatory Challenges for an Efficient Market
Bond Markets in Serbia: Regulatory Challenges for an Efficient Market

... four bond series accounted for 37.2% of the total debt, which meant that the government relied on acquiring bonds before they reach maturity through the process of privatization, or by allowing the possibility of purchasing government property with 'frozen savings' bonds. ...
summary note
summary note

... securities being offered pursuant to this document. This part is merely a summary and therefore should only be read as an introduction to the Prospectus. It is not and does not purport to be exhaustive and investors are warned that they should not rely on the information contained in this summary in ...
popular earnings management techniques
popular earnings management techniques

... Companies often buy stock in other companies either to invest excess funds or to achieve some type of strategic alliance. GAAP presumes that investments of less than 20 percent of the stock of another company are passive investments and therefore the investing company need not include a share of the ...
Understanding Yield Curves - PGIM Investments
Understanding Yield Curves - PGIM Investments

... may be worth more or less than the original cost, and it is possible to lose money. Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise. The comments, opinions, and estimates contained herein are based on and/or derived from publicly avai ...
Understanding Yield Curves
Understanding Yield Curves

CPDO – Managed Trades
CPDO – Managed Trades

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TRUE-FALSE—Conceptual 1. Intangible assets derive their value

... Broadway Corporation was granted a patent on a product on January 1, 1998. To protect its patent, the corporation purchased on January 1, 2009 a patent on a competing product which was originally issued on January 10, 2005. Because of its unique plant, Broadway Corporation does not feel the competin ...
PPT - AgriFin
PPT - AgriFin

... •A year-on-year comparison of revenues for the same periods shows that the company’s revenues increased by 12% on average during 2011; however, comparing the average revenues for the period from January to June 2011 to the average revenues during the previous year would lead to the incorrect conclus ...
TRUE-FALSE STATEMENTS
TRUE-FALSE STATEMENTS

... transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, ...
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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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