emerald capital designated activity company series prospectus
... This Series Prospectus, under which the Series No. 2017-02 Fixed Rate The Kingdom of Saudi Arabia Credit Linked Notes due 2026 (the “Notes”) are issued, incorporates by reference, and should be read in conjunction with the Base Prospectus dated 19 August 2016 (the “Base Prospectus”) relating to the ...
... This Series Prospectus, under which the Series No. 2017-02 Fixed Rate The Kingdom of Saudi Arabia Credit Linked Notes due 2026 (the “Notes”) are issued, incorporates by reference, and should be read in conjunction with the Base Prospectus dated 19 August 2016 (the “Base Prospectus”) relating to the ...
Outside Liquidity, Rollover Risk, and Government Bonds
... public claims are free from such risk. Satisfying liquidity needs by selling government securities in exchange for outside liquidity (referred to as public outside liquidity) may thus enhance efficiency and stability. We derive our results from a banking model in the tradition of Diamond and Dybvig ...
... public claims are free from such risk. Satisfying liquidity needs by selling government securities in exchange for outside liquidity (referred to as public outside liquidity) may thus enhance efficiency and stability. We derive our results from a banking model in the tradition of Diamond and Dybvig ...
Chapter 2 & 9
... Installment obligations, are property within the meaning of Code Sec. 721. Therefore, the partner isn’t required to treat the contribution of such notes as a disposition. To the extent the value of the note exceeds its tax basis at the time of contribution, gross profit subsequently recognized by th ...
... Installment obligations, are property within the meaning of Code Sec. 721. Therefore, the partner isn’t required to treat the contribution of such notes as a disposition. To the extent the value of the note exceeds its tax basis at the time of contribution, gross profit subsequently recognized by th ...
Macroeconomic impact assessment of OTC derivatives regulatory
... against the costs to derivatives users of holding more capital and collateral. Assuming this is passed on to the broader economy, the Group estimates that the cost is equivalent to a 0.08 percentage point increase in the cost of outstanding credit. Using a suite of macroeconomic models, the Group es ...
... against the costs to derivatives users of holding more capital and collateral. Assuming this is passed on to the broader economy, the Group estimates that the cost is equivalent to a 0.08 percentage point increase in the cost of outstanding credit. Using a suite of macroeconomic models, the Group es ...
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... equities—as well as their homes—to foreclosure”); William N. Eskridge, Jr., One Hundred Years of Ineptitude: The Need for Mortgage Rules Consonant with the Economic and Psychological Dynamics of the Home Sale and Loan Transaction, 70 Va. L. Rev. 1083, 1087 (1984) (expressing concern about “the confu ...
... equities—as well as their homes—to foreclosure”); William N. Eskridge, Jr., One Hundred Years of Ineptitude: The Need for Mortgage Rules Consonant with the Economic and Psychological Dynamics of the Home Sale and Loan Transaction, 70 Va. L. Rev. 1083, 1087 (1984) (expressing concern about “the confu ...
E TRADE FINANCIAL CORP - Nasdaq`s INTEL Solutions
... E*TRADE Financial Corporation is a financial services company that provides online brokerage and related products and services primarily to individual retail investors, under the brand “E*TRADE Financial.” Our primary focus is to profitably grow our online brokerage business, which includes our acti ...
... E*TRADE Financial Corporation is a financial services company that provides online brokerage and related products and services primarily to individual retail investors, under the brand “E*TRADE Financial.” Our primary focus is to profitably grow our online brokerage business, which includes our acti ...
Aalborg Universitet Danish Mortgage Finance, Property Rights Protection and Economic Development
... By Karin Haldrup, Aalborg University; in cooperation with VP Securities A/S ...
... By Karin Haldrup, Aalborg University; in cooperation with VP Securities A/S ...
Margin Credit and Stock Return Predictability
... Consider, investor P who wants to buy 10 shares of Apple at USD 100 each. She opens a margin account with broker B, who has a margin requirement of 60% and maintenance margin of 25%. P will need to invest 60% of the value of the position using her own money and can borrow remaining 40% from B. When ...
... Consider, investor P who wants to buy 10 shares of Apple at USD 100 each. She opens a margin account with broker B, who has a margin requirement of 60% and maintenance margin of 25%. P will need to invest 60% of the value of the position using her own money and can borrow remaining 40% from B. When ...
MERCURY GENERAL CORP (Form: 424B5
... in part, at any time at the “make-whole” redemption price described herein. On or after December 15, 2026 (the date that is three months prior to the maturity date of the notes), we may redeem the notes, in whole or in part, at any time at a redemption price equal to 100% of the principal amount of ...
... in part, at any time at the “make-whole” redemption price described herein. On or after December 15, 2026 (the date that is three months prior to the maturity date of the notes), we may redeem the notes, in whole or in part, at any time at a redemption price equal to 100% of the principal amount of ...
2Q 2016 Form 10-Q (PDF 540 KB)
... (c) Tangible book value per common share - Non-GAAP and tangible common equity exclude goodwill and intangible assets, net of deferred tax liabilities. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 49 for the reconciliation of Non-GAAP measure ...
... (c) Tangible book value per common share - Non-GAAP and tangible common equity exclude goodwill and intangible assets, net of deferred tax liabilities. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 49 for the reconciliation of Non-GAAP measure ...
Saving Your Home in Bankruptcy
... rental housing. If debtors default but do not file for bankruptcy, then mortgage lenders are assumed to foreclose and debtors relocate to rental housing. Assume that debtors’ relocation cost is L and that rental housing costs R per year. Lenders’ cost of foreclosure is denoted C f . Mortgages are a ...
... rental housing. If debtors default but do not file for bankruptcy, then mortgage lenders are assumed to foreclose and debtors relocate to rental housing. Assume that debtors’ relocation cost is L and that rental housing costs R per year. Lenders’ cost of foreclosure is denoted C f . Mortgages are a ...
CITIGROUP`S 2007 ANNUAL REPORT ON FORM 10-K
... fee-based management were up 27%. Branch activity included the opening or acquisition of 712 new branches during 2007 (510 internationally and 202 in the U.S.). We also completed several strategic acquisitions or investments (including Nikko Cordial, Egg, Quilter, GFU, Grupo Cuscatlan, ATD, and Akba ...
... fee-based management were up 27%. Branch activity included the opening or acquisition of 712 new branches during 2007 (510 internationally and 202 in the U.S.). We also completed several strategic acquisitions or investments (including Nikko Cordial, Egg, Quilter, GFU, Grupo Cuscatlan, ATD, and Akba ...
SOUTHWEST AIRLINES CO
... constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, or Exchange Act. Forward-looking statements are based on, and include statements about, our estimates, expectations, beliefs, intentions, an ...
... constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, or Exchange Act. Forward-looking statements are based on, and include statements about, our estimates, expectations, beliefs, intentions, an ...
printmgr file - Goldman Sachs
... primarily with institutional clients such as corporations, financial institutions, investment funds and governments. The firm also makes markets in and clears client transactions on major stock, options and futures exchanges worldwide and provides financing, securities lending and other prime broker ...
... primarily with institutional clients such as corporations, financial institutions, investment funds and governments. The firm also makes markets in and clears client transactions on major stock, options and futures exchanges worldwide and provides financing, securities lending and other prime broker ...
Credit default swaps. Contract characteristics and
... are generally settled 3 days after the conclusion of the contract (T + 3), the seller has 3 days to borrow the bonds and deliver them at the contract settlement date. If the seller is not able to find the bonds, the transaction will not be settled, generating a so called “fail”. 2 As will be better ...
... are generally settled 3 days after the conclusion of the contract (T + 3), the seller has 3 days to borrow the bonds and deliver them at the contract settlement date. If the seller is not able to find the bonds, the transaction will not be settled, generating a so called “fail”. 2 As will be better ...
CHAPTER 16
... Securities such as convertible debt or stock options are dilutive because their features indicate that the holders of the securities can become common shareholders. When the common shares are issued, there will be a reduction—dilution—in earnings per share. ...
... Securities such as convertible debt or stock options are dilutive because their features indicate that the holders of the securities can become common shareholders. When the common shares are issued, there will be a reduction—dilution—in earnings per share. ...
The Employment Cost of Sovereign Default
... goods are imperfect substitutes, productivity declines. In contrast, I do not impose constraints that are absent in repayment. This is important for generating expectations effects on unemployment before default. As the role of imports does not feature in my model, I regard the proposed employment c ...
... goods are imperfect substitutes, productivity declines. In contrast, I do not impose constraints that are absent in repayment. This is important for generating expectations effects on unemployment before default. As the role of imports does not feature in my model, I regard the proposed employment c ...
Q1 2017 Investor Presentation
... 4 Represents a non-GAAP financial measure and is calculated as total revenue, net of interest expense (FTE basis), less noninterest expense. See slide 27 for important presentation information. 5 Primary represents the percentage of consumer checking accounts that are estimated to be the customer’s ...
... 4 Represents a non-GAAP financial measure and is calculated as total revenue, net of interest expense (FTE basis), less noninterest expense. See slide 27 for important presentation information. 5 Primary represents the percentage of consumer checking accounts that are estimated to be the customer’s ...
INFORMATION STATEMENT of BNP Paribas, a French incorporated
... conditions resulting, among other things, from crises affecting sovereign obligations, capital, credit or liquidity markets, regional or global recessions, sharp fluctuations in commodity prices, currency exchange rates or interest rates, inflation or deflation, restructurings or defaults, corporate ...
... conditions resulting, among other things, from crises affecting sovereign obligations, capital, credit or liquidity markets, regional or global recessions, sharp fluctuations in commodity prices, currency exchange rates or interest rates, inflation or deflation, restructurings or defaults, corporate ...
Is there any Dependence between Consumer Credit
... default probability determinants. Their data come from an original survey but do not directly include bank-level data. Like them, we consider the number of credit lines a borrower has contracted in our default probability equation. Norden and Weber (2010) investigate checking accounts and the inform ...
... default probability determinants. Their data come from an original survey but do not directly include bank-level data. Like them, we consider the number of credit lines a borrower has contracted in our default probability equation. Norden and Weber (2010) investigate checking accounts and the inform ...
Funding Strategies of Sovereign Debt Management: A Risk
... Management: A Risk Focus Most sovereign debt management agencies operate on a narrow definition of risk which does not reflect the potential of sovereign debt portfolios to insure the budget against macroeconomic shocks. This paper analyzes the different forms of risk implied by the composition of t ...
... Management: A Risk Focus Most sovereign debt management agencies operate on a narrow definition of risk which does not reflect the potential of sovereign debt portfolios to insure the budget against macroeconomic shocks. This paper analyzes the different forms of risk implied by the composition of t ...
Understanding the New Financial Reform Legislation
... For more information about the matters raised in this Legal Update, please contact your regular Mayer Brown contact or one of the following: Scott A. Anenberg ...
... For more information about the matters raised in this Legal Update, please contact your regular Mayer Brown contact or one of the following: Scott A. Anenberg ...
The Challenge of Derivatives - The Fordham Law Archive of
... has asked me to review a term sheet for a derivative contract that it hopes will be viewed as an equity swap 19 rather than an option.20 Both swaps and options are classified as derivatives, though only the latter are currently regulated. 2 If the proposed individually tailored transaction between t ...
... has asked me to review a term sheet for a derivative contract that it hopes will be viewed as an equity swap 19 rather than an option.20 Both swaps and options are classified as derivatives, though only the latter are currently regulated. 2 If the proposed individually tailored transaction between t ...
The Impact of Sovereign Ratings on Eurozone SMEs Credit Rationing
... Correa et al., 2014). From this point of view to the extent that banks maintain a large exposure to home country sovereign bonds, this interconnection could bring about losses on these portfolios which are expected to weaken their balance sheets (Arezki et al., 2011). In addition, a downgrade of hom ...
... Correa et al., 2014). From this point of view to the extent that banks maintain a large exposure to home country sovereign bonds, this interconnection could bring about losses on these portfolios which are expected to weaken their balance sheets (Arezki et al., 2011). In addition, a downgrade of hom ...
Risk Premiums in Slovak Government Bonds
... This is because the credit risk is minimal and given the “non-cash” nature of the OIS, they do not provide any convenience/safety or store-of-liquidity services to investors. Due to the demand for liquidity and safety, yields on government bonds in countries with low sovereign credit risk will be lo ...
... This is because the credit risk is minimal and given the “non-cash” nature of the OIS, they do not provide any convenience/safety or store-of-liquidity services to investors. Due to the demand for liquidity and safety, yields on government bonds in countries with low sovereign credit risk will be lo ...
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.