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Liquidity and Reserve Management: Strategies and Policies
... When the demand for liquidity exceeds its supply (i.e., Lt < 0), management must prepare for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepar ...
... When the demand for liquidity exceeds its supply (i.e., Lt < 0), management must prepare for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepar ...
Rating Companies in the Radio Broadcasting Industry
... • An IRA is a relative ranking of most industries that have a DBRS methodology, typically using just three ranges of the DBRS long-term debt rating scale (i.e., “A,” BBB and BB), without making use of the “high” or “low” descriptors. The IRA is a general indication of credit risk in an industry and ...
... • An IRA is a relative ranking of most industries that have a DBRS methodology, typically using just three ranges of the DBRS long-term debt rating scale (i.e., “A,” BBB and BB), without making use of the “high” or “low” descriptors. The IRA is a general indication of credit risk in an industry and ...
The relationship between government bond yields and the market
... demand for Australian government bonds from foreign investors and banks (who require high quality liquid assets to meet new banking regulations). ...
... demand for Australian government bonds from foreign investors and banks (who require high quality liquid assets to meet new banking regulations). ...
The Unintended Consequences of Banning Derivatives in Asset Management Alessandro Beber, Cass Business School Christophe Pérignon, HEC Paris
... Derivatives are vital tools for the asset management industry. Derivatives instruments allow mutual funds to implement risk management activities efficiently and with relatively low transaction costs. They also allow asset managers to take specific views on specific markets or asset classes, often ...
... Derivatives are vital tools for the asset management industry. Derivatives instruments allow mutual funds to implement risk management activities efficiently and with relatively low transaction costs. They also allow asset managers to take specific views on specific markets or asset classes, often ...
Bank of America Student Loan Trust 2010
... addition, the trust will deposit funds, on the closing date, into a capitalized interest account. These funds will be available only for a limited period of time. The interest rate on the notes will be determined by reference to LIBOR. A description of how LIBOR is determined appears under “Descript ...
... addition, the trust will deposit funds, on the closing date, into a capitalized interest account. These funds will be available only for a limited period of time. The interest rate on the notes will be determined by reference to LIBOR. A description of how LIBOR is determined appears under “Descript ...
TRMCX TRMIX TAMVX RRMVX Mid-Cap Value Fund Investor Class
... due to general weakness in the U.S. stock market, such as when the U.S. financial markets decline, or because of factors that affect a particular company or industry. Mid-cap stock risks Investing primarily in issuers within the same market capitalization category carries the risk that the category ...
... due to general weakness in the U.S. stock market, such as when the U.S. financial markets decline, or because of factors that affect a particular company or industry. Mid-cap stock risks Investing primarily in issuers within the same market capitalization category carries the risk that the category ...
Methodology And Assumptions: Liquidity
... to meet the ratio test for A/B and at least four of the other supportive characteristics listed below. Few companies qualify for this category. The first three characteristics reference quantitative measures that apply in most industries. In exceptionally stable or volatile industries, however, the ...
... to meet the ratio test for A/B and at least four of the other supportive characteristics listed below. Few companies qualify for this category. The first three characteristics reference quantitative measures that apply in most industries. In exceptionally stable or volatile industries, however, the ...
performance analysis for the two-minute portfolio in both canadian
... Above findings are important to us because transaction costs are not considered in our evaluation of the Two-Minute Portfolio. Investors must take their brokerage commissions and other management expenses into account before making investment decisions. 2. Sector Allocation and Equal-Weight Strategy ...
... Above findings are important to us because transaction costs are not considered in our evaluation of the Two-Minute Portfolio. Investors must take their brokerage commissions and other management expenses into account before making investment decisions. 2. Sector Allocation and Equal-Weight Strategy ...
Financial Intermediation as a Beliefs
... excessively high beliefs about project success and the pessimists’ excessively low beliefs. It is a bridge that permits the ßow of funds from savers to borrowers and more efficient project Þnancing in the real sector than possible in any other way, in a context in which each agent self-selects his ty ...
... excessively high beliefs about project success and the pessimists’ excessively low beliefs. It is a bridge that permits the ßow of funds from savers to borrowers and more efficient project Þnancing in the real sector than possible in any other way, in a context in which each agent self-selects his ty ...
The Alberta Capital Market - Alberta Securities Commission
... Chart 5 shows that the market capitalization of all listed reporting issuers in Canada (including foreignbased issuers) decreased slightly (3.9 per cent) in 2015 to $3,149 billion from $3,278 billion in 2014. The market capitalization of listed reporting issuers with a Canadian head office declined ...
... Chart 5 shows that the market capitalization of all listed reporting issuers in Canada (including foreignbased issuers) decreased slightly (3.9 per cent) in 2015 to $3,149 billion from $3,278 billion in 2014. The market capitalization of listed reporting issuers with a Canadian head office declined ...
Tilburg University The Economic Benefits of Political Connections in
... The increase in links between business and politics between 1895 and 1900 is fairly large. The average MP elected in 1900 held 1.29 directorships, compared to 1.08 in 1895. This increase came from more directorships held by English and Welsh MPs, and the increase was felt in London, provincial citi ...
... The increase in links between business and politics between 1895 and 1900 is fairly large. The average MP elected in 1900 held 1.29 directorships, compared to 1.08 in 1895. This increase came from more directorships held by English and Welsh MPs, and the increase was felt in London, provincial citi ...
Australian-Bankers-Association-Basel-III
... APRA has proposed the following conservative overlays to the Basel Committee’s proposed Basel III requirements as to the terms and conditions required for an Additional Tier 1 or Tier 2 securities: 1. Profits Test (APS 110 “Capital Adequacy”, Paragraph 34): APRA’s proposed annual current year profit ...
... APRA has proposed the following conservative overlays to the Basel Committee’s proposed Basel III requirements as to the terms and conditions required for an Additional Tier 1 or Tier 2 securities: 1. Profits Test (APS 110 “Capital Adequacy”, Paragraph 34): APRA’s proposed annual current year profit ...
Cross-Market Investor Sentiment in Commodity Exchange
... stock markets include days that RMRF is positive (negative). Spider trails the S&P 500 Index in a bullish stock market, whereas overshoots the S&P 500 Index in a bearish market in an almost identical magnitude of about 2 bps. However, commodity ETFs exhibit an opposite effect. The median commodity E ...
... stock markets include days that RMRF is positive (negative). Spider trails the S&P 500 Index in a bullish stock market, whereas overshoots the S&P 500 Index in a bearish market in an almost identical magnitude of about 2 bps. However, commodity ETFs exhibit an opposite effect. The median commodity E ...
Westfield Form ADV Part 2A - Westfield Capital Management
... net worth individuals. Westfield is 100% owned by WMS Management, LLC, which is the sole managing member of WMS General Partner LLC, the general partner for Westfield. WMS Management is whollyowned by Westfield’s management team. Mr. William A. Muggia (President, CEO, and CIO) is the principal inves ...
... net worth individuals. Westfield is 100% owned by WMS Management, LLC, which is the sole managing member of WMS General Partner LLC, the general partner for Westfield. WMS Management is whollyowned by Westfield’s management team. Mr. William A. Muggia (President, CEO, and CIO) is the principal inves ...
6.5 Loan Portfolio
... are difficult to predict, and actual results and events may differ from those anticipated and discussed herein. These expectations depend materially on market conditions, Brazil’s economic performance and developments in the banking industry and international markets. Banco do Brasil does not assume ...
... are difficult to predict, and actual results and events may differ from those anticipated and discussed herein. These expectations depend materially on market conditions, Brazil’s economic performance and developments in the banking industry and international markets. Banco do Brasil does not assume ...
Unresolved Issues in Modeling Credit Risky Assets
... our knowledge about the determinants of recovery rates comes from actual recovery data and can immediately be used for calculating expected loss. This is not the case for pricing. At present there is little information about how to model recovery rates under the appropriate pricing measure. There ar ...
... our knowledge about the determinants of recovery rates comes from actual recovery data and can immediately be used for calculating expected loss. This is not the case for pricing. At present there is little information about how to model recovery rates under the appropriate pricing measure. There ar ...
2013-2 ESMA Report - Review of practices related to
... accounting practices related to impairment testing of goodwill and other intangible assets. It evaluates the appropriateness of the related disclosures in the 2011 IFRS financial statements of a sample of 235 issuers with significant amounts of goodwill and includes recommendations to enhance the ap ...
... accounting practices related to impairment testing of goodwill and other intangible assets. It evaluates the appropriateness of the related disclosures in the 2011 IFRS financial statements of a sample of 235 issuers with significant amounts of goodwill and includes recommendations to enhance the ap ...
Differences in target-firm characteristics and premiums paid by
... “PE”) firms in particular in mergers and acquisitions activities over recent years has drawn much attention in the press. In 2014, 22% of the total deal value of U.S. mergers and acquisitions came from private equity deals and ten of the largest fifteen deals were performed by private equity firms ( ...
... “PE”) firms in particular in mergers and acquisitions activities over recent years has drawn much attention in the press. In 2014, 22% of the total deal value of U.S. mergers and acquisitions came from private equity deals and ten of the largest fifteen deals were performed by private equity firms ( ...
The Elapsed Time Between Acquisitions
... payments, mode of financing, the deal anticipation effect, CEO compensation, CEO overconfidence, CEO learning, CEO versus shareholders agency conflicts, collusion and market power, acquisition programs, anti-takeover provisions, sources of synergies, the role of corporate governance mechanisms, geog ...
... payments, mode of financing, the deal anticipation effect, CEO compensation, CEO overconfidence, CEO learning, CEO versus shareholders agency conflicts, collusion and market power, acquisition programs, anti-takeover provisions, sources of synergies, the role of corporate governance mechanisms, geog ...
Negotiating an Equity Capital Infusion from Outside Investors
... from outside investors. To facilitate this understanding, this guide includes a sample annotated equity offering Term Sheet (the document that is often used by an MFI in the early stages of an equity infusion negotiation) as well as a Shareholders Agreement and an annotated Share Subscription Agreem ...
... from outside investors. To facilitate this understanding, this guide includes a sample annotated equity offering Term Sheet (the document that is often used by an MFI in the early stages of an equity infusion negotiation) as well as a Shareholders Agreement and an annotated Share Subscription Agreem ...
BASE PROSPECTUS Standard Chartered Bank
... The Notes have not been and will not be registered under the Securities Act or under the securities or “blue sky” laws of any state of the United States or any other U.S. jurisdiction. Each investor, by purchasing a Note (or a beneficial interest therein), agrees (or shall be deemed to have agreed) ...
... The Notes have not been and will not be registered under the Securities Act or under the securities or “blue sky” laws of any state of the United States or any other U.S. jurisdiction. Each investor, by purchasing a Note (or a beneficial interest therein), agrees (or shall be deemed to have agreed) ...
Survey on the Access to Finance of Enterprises in the euro area
... On balance, SMEs reported that terms and conditions for bank loans had improved. SMEs continued to signal a net decline in interest rates, albeit not as pronounced as in the previous round, while the available size and maturity of loans and overdrafts increased. By contrast, a positive net percentag ...
... On balance, SMEs reported that terms and conditions for bank loans had improved. SMEs continued to signal a net decline in interest rates, albeit not as pronounced as in the previous round, while the available size and maturity of loans and overdrafts increased. By contrast, a positive net percentag ...
Deka - Fundstore
... (RBI AG), operate as subcustodians for the Custodian. Safekeeping of the assets of the UCITS is largely performed by DekaBank Deutsche Girozentrale, Frankfurt. Units of target funds outside the Group that are held by the UCITS are held in safekeeping by RBI AG. The Custodian is, as a rule, responsib ...
... (RBI AG), operate as subcustodians for the Custodian. Safekeeping of the assets of the UCITS is largely performed by DekaBank Deutsche Girozentrale, Frankfurt. Units of target funds outside the Group that are held by the UCITS are held in safekeeping by RBI AG. The Custodian is, as a rule, responsib ...
- Covenant University Repository
... The CBN found the reasons for the slow pace in utilization of the SMIEIS fund to include: the desire of the Banks to acquire controlling shares in the funded enterprises and the entrepreneurs’ resistance to submit control; inability of the banks to adapt equity investment which is quite different fr ...
... The CBN found the reasons for the slow pace in utilization of the SMIEIS fund to include: the desire of the Banks to acquire controlling shares in the funded enterprises and the entrepreneurs’ resistance to submit control; inability of the banks to adapt equity investment which is quite different fr ...