CreditMetrics™ — Technical Document
... We wish to estimate the volatility of value due to changes in credit quality, not just the expected loss. In our view, as important as default likelihood estimation is, it is only one link in the long chain of modeling and estimation that is necessary to fully assess credit risk (volatility) within ...
... We wish to estimate the volatility of value due to changes in credit quality, not just the expected loss. In our view, as important as default likelihood estimation is, it is only one link in the long chain of modeling and estimation that is necessary to fully assess credit risk (volatility) within ...
GRUPO FINANCIERO GALICIA S.A.
... the accounting rules of the Argentine Central Bank, which entity prescribes the generally accepted accounting principles for all financial institutions in Argentina. This annual report refers to those accounting principles as “Argentine Banking GAAP”. Argentine Banking GAAP differs in certain releva ...
... the accounting rules of the Argentine Central Bank, which entity prescribes the generally accepted accounting principles for all financial institutions in Argentina. This annual report refers to those accounting principles as “Argentine Banking GAAP”. Argentine Banking GAAP differs in certain releva ...
capitalization rate, mortgage interest rate and
... estate market, and mortgage interest rate measures the cost of debt. They are important factors developers will encounter when making investment and financing decisions. It is difficult to quantify mortgages used to refinance and invest. However, capturing important factors affecting mortgage flows ...
... estate market, and mortgage interest rate measures the cost of debt. They are important factors developers will encounter when making investment and financing decisions. It is difficult to quantify mortgages used to refinance and invest. However, capturing important factors affecting mortgage flows ...
WESTPAC BANKING CORP (Form: 6-K, Received
... management involves taking an integrated approach to risk and reward, and enables us to both increase financial growth opportunities and mitigate potential loss or damage. We adopt a Three Lines of Defence approach to risk management (see page 11) which reflects our culture of ‘risk is everyone’s bu ...
... management involves taking an integrated approach to risk and reward, and enables us to both increase financial growth opportunities and mitigate potential loss or damage. We adopt a Three Lines of Defence approach to risk management (see page 11) which reflects our culture of ‘risk is everyone’s bu ...
NELNET INC
... The Company's reportable operating segments are defined by the products and services they offer or the types of customers they serve, and they reflect the manner in which financial information is currently evaluated by management. The Company includes separate financial information about its reporta ...
... The Company's reportable operating segments are defined by the products and services they offer or the types of customers they serve, and they reflect the manner in which financial information is currently evaluated by management. The Company includes separate financial information about its reporta ...
Filed pursuant to Rule 424(b)(3) File No. 333
... certain US Treasury notes at 4:00 p.m., New York City time, on that day. Consequently, we cannot provide you with the specific US dollar amount in cash that you will receive or with the specific interest rate on the new subordinated notes due 2012. We expect to deliver notes on the third business da ...
... certain US Treasury notes at 4:00 p.m., New York City time, on that day. Consequently, we cannot provide you with the specific US dollar amount in cash that you will receive or with the specific interest rate on the new subordinated notes due 2012. We expect to deliver notes on the third business da ...
Offering Memorandum - Morrison Laurier Mortgage Corporation
... statements. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, including interest rates, business competition, changes in government regulations or in tax laws, in addition to those factors discus ...
... statements. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, including interest rates, business competition, changes in government regulations or in tax laws, in addition to those factors discus ...
Credit ratings and credit risk: Is one measure enough?
... for the exposure to this risk –we …nd that variation in failure beta explains 93% of the variation in CDS risk premia across ratings. The relationship between credit rating (and CDS risk premia) and systematic risk is robust to using more conventional measures of systematic risk such as CAPM beta an ...
... for the exposure to this risk –we …nd that variation in failure beta explains 93% of the variation in CDS risk premia across ratings. The relationship between credit rating (and CDS risk premia) and systematic risk is robust to using more conventional measures of systematic risk such as CAPM beta an ...
About the prospectus supplement - corporate
... , 2017 and the first interest payment date will be May 15, 2017. We may redeem all or a part of the notes on or after May 15, 2022, on any one or more occasions, at the redemption prices set forth under “Description of notes—Optional redemption,” plus accrued and unpaid interest thereon, if any, to, ...
... , 2017 and the first interest payment date will be May 15, 2017. We may redeem all or a part of the notes on or after May 15, 2022, on any one or more occasions, at the redemption prices set forth under “Description of notes—Optional redemption,” plus accrued and unpaid interest thereon, if any, to, ...
When managing the debt, Governments deal with the
... In recent years, Colombian debt has increased considerably. The Gross Non Financial Public Sector Debt was under 30% of GDP in 1996 and reached 63,3% of GDP in 2001. The Central Government has been responsible for a great deal of the debt’s growth, increasing from 17% of GDP in 1996 to 56% of GDP by ...
... In recent years, Colombian debt has increased considerably. The Gross Non Financial Public Sector Debt was under 30% of GDP in 1996 and reached 63,3% of GDP in 2001. The Central Government has been responsible for a great deal of the debt’s growth, increasing from 17% of GDP in 1996 to 56% of GDP by ...
FORM 10-K - cloudfront.net
... any improper use of or failure to protect the personally identifiable information of past, current and prospective customers to which we have access; our ability to upgrade and integrate our operational and financial information systems, maintain uninterrupted access to such systems and adapt to tec ...
... any improper use of or failure to protect the personally identifiable information of past, current and prospective customers to which we have access; our ability to upgrade and integrate our operational and financial information systems, maintain uninterrupted access to such systems and adapt to tec ...
161128 APS 210 FINAL clean
... may not be able to meet its financial obligations as they fall due) and market liquidity risk (the risk that liquidity in financial markets, such as the market for debt securities, may reduce significantly), as well as how other risks, including credit, market, operational and reputation risks, affe ...
... may not be able to meet its financial obligations as they fall due) and market liquidity risk (the risk that liquidity in financial markets, such as the market for debt securities, may reduce significantly), as well as how other risks, including credit, market, operational and reputation risks, affe ...
Pillar 3 Report for 30 September 2016 (PDF 1MB)
... The Board is responsible for approving the Westpac Group Risk Management Strategy and Westpac Group Risk Appetite Statement and monitoring the effectiveness of risk management by the Westpac Group, including satisfying itself through appropriate reporting and oversight that appropriate internal cont ...
... The Board is responsible for approving the Westpac Group Risk Management Strategy and Westpac Group Risk Appetite Statement and monitoring the effectiveness of risk management by the Westpac Group, including satisfying itself through appropriate reporting and oversight that appropriate internal cont ...
ABN AMRO Holding N.V.
... business of ABN AMRO. For these reasons, RBS acquired businesses can not be fully evaluated on a stand alone basis. The businesses acquired by the Dutch State were profitable for the full year. However, the level of profit was impacted by an increase in loan impairment charges and pressure on intere ...
... business of ABN AMRO. For these reasons, RBS acquired businesses can not be fully evaluated on a stand alone basis. The businesses acquired by the Dutch State were profitable for the full year. However, the level of profit was impacted by an increase in loan impairment charges and pressure on intere ...
Prudential Standard APS 330 Public Disclosure
... In making the disclosures in Attachment A, until 1 January 2018 an ADI must include a statement that it is using the post 1 January 2018 capital disclosure template because it is fully applying the Basel III regulatory adjustments as implemented by APRA. ...
... In making the disclosures in Attachment A, until 1 January 2018 an ADI must include a statement that it is using the post 1 January 2018 capital disclosure template because it is fully applying the Basel III regulatory adjustments as implemented by APRA. ...
Conservatism in Accounting
... conservatism itself. Conservatism reserves the use of the term for the balance sheet and for income or earnings cumulated since the firm began operation. Conservatism’s influence on accounting practice has been both long and significant. Basu (1997, p. 8) argues that conservatism has influenced acco ...
... conservatism itself. Conservatism reserves the use of the term for the balance sheet and for income or earnings cumulated since the firm began operation. Conservatism’s influence on accounting practice has been both long and significant. Basu (1997, p. 8) argues that conservatism has influenced acco ...
NSTAR ELECTRIC COMPANY doing business as - corporate
... "could," and other similar expressions. Forward-looking statements are based on the current expectations, estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may vary materially from actual result ...
... "could," and other similar expressions. Forward-looking statements are based on the current expectations, estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may vary materially from actual result ...
inland western - AnnualReports.com
... asset management strategies. It is critical for us to identify and adapt to changing trends within the retail and the real estate industries. We believe our asset management strategy allows us to alter the mix of tenants at any given property to capitalize on changing consumer demands, or make a det ...
... asset management strategies. It is critical for us to identify and adapt to changing trends within the retail and the real estate industries. We believe our asset management strategy allows us to alter the mix of tenants at any given property to capitalize on changing consumer demands, or make a det ...
Complete Financial Statements (IFRS) - 1Q2017
... We have reviewed the accompanying consolidated interim balance sheet of Itaú Unibanco Holding S.A. and its subsidiaries ("Company") as at March 31, 2017, and the related consolidated statements of income, comprehensive income, changes in stockholders' equity and cash flows for the three-month period ...
... We have reviewed the accompanying consolidated interim balance sheet of Itaú Unibanco Holding S.A. and its subsidiaries ("Company") as at March 31, 2017, and the related consolidated statements of income, comprehensive income, changes in stockholders' equity and cash flows for the three-month period ...
Venture Debt Financing for Start
... Importantly, these early stage investors are characterised by a strong willingness to put their own capital at risk. Nevertheless, after raising several equity rounds start-up’s shareholders, especially founders, become reluctant to give up more equity and prefer to preserve their ownership shares s ...
... Importantly, these early stage investors are characterised by a strong willingness to put their own capital at risk. Nevertheless, after raising several equity rounds start-up’s shareholders, especially founders, become reluctant to give up more equity and prefer to preserve their ownership shares s ...
STEP - Merrill Lynch
... The STEP Income Securities ® Linked to the Common Stock of Delta Air Lines, Inc., due May , 2017 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed or insured by the Canada Deposit Insurance Corporation or the FDIC, and are not, either directly or indirectly, an obl ...
... The STEP Income Securities ® Linked to the Common Stock of Delta Air Lines, Inc., due May , 2017 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed or insured by the Canada Deposit Insurance Corporation or the FDIC, and are not, either directly or indirectly, an obl ...
Repo and Securities Lending - Federal Reserve Bank of New York
... in the U.S. securities financing markets, where firms transact using repurchase agreements (repo) or securities lending contracts. Repos allow one firm to sell a security to another firm with a simultaneous promise to buy the security back at a later date at a specified price. The economic effect of ...
... in the U.S. securities financing markets, where firms transact using repurchase agreements (repo) or securities lending contracts. Repos allow one firm to sell a security to another firm with a simultaneous promise to buy the security back at a later date at a specified price. The economic effect of ...
Download Dissertation
... The prevalence of non-zero bases and the rejection of cointegration between CDS premiums and bond yield spreads do not, in and of themselves, indicate a different price for credit risk. Pricing model shows that deeply discounted bond prices account for positive bases. The basis does remain, however, ...
... The prevalence of non-zero bases and the rejection of cointegration between CDS premiums and bond yield spreads do not, in and of themselves, indicate a different price for credit risk. Pricing model shows that deeply discounted bond prices account for positive bases. The basis does remain, however, ...
Group Consolidated Financial Statements 2016 (IFRS)
... 20. Loans and receivables to customers ..................................................................................................................................... 140 21. Impairment loss for financial instruments .......................................................................... ...
... 20. Loans and receivables to customers ..................................................................................................................................... 140 21. Impairment loss for financial instruments .......................................................................... ...
chimera investment corporation - Morningstar Document Research
... amended, or the Code. If we qualify for taxation as a REIT, we generally will not be subject to U.S. federal income tax on our taxable income that is distributed to our stockholders. To ensure we qualify as a REIT, no person may own more than 9.8% of the outstanding shares of any class of our common ...
... amended, or the Code. If we qualify for taxation as a REIT, we generally will not be subject to U.S. federal income tax on our taxable income that is distributed to our stockholders. To ensure we qualify as a REIT, no person may own more than 9.8% of the outstanding shares of any class of our common ...
Federal takeover of Fannie Mae and Freddie Mac
The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government-sponsored enterprises Fannie Mae and Freddie Mac by the U.S. Treasury in September 2008. It was one of the financial events among many in the ongoing subprime mortgage crisis.On September 6, 2008, the director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, announced his decision to place two Government-sponsored enterprises (GSEs), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), into conservatorship run by the FHFA.At the same press conference, United States Treasury Secretary Henry Paulson, stated that placing the two GSEs into conservatorship was a decision he fully supported, and that he advised ""that conservatorship was the only form in which I would commit taxpayer money to the GSEs."" He further said that ""I attribute the need for today's action primarily to the inherent conflict and flawed business model embedded in the GSE structure, and to the ongoing housing correction.""The same day, the Federal Reserve Bank chairman Ben Bernanke stated in support: ""I strongly endorse both the decision by FHFA Director Lockhart to place Fannie Mae and Freddie Mac into conservatorship and the actions taken by Treasury Secretary Paulson to ensure the financial soundness of those two companies.""The following day, Herbert M. Allison was appointed chief executive of Fannie Mae. He came from TIAA-CREF.