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Dynamic Private Investment Pools
Dynamic Private Investment Pools

... WHAT IS A MUTUAL FUND AND WHAT ARE THE RISKS OF INVESTING IN A MUTUAL FUND? ..... 2  WHAT IS THE MAIN PURPOSE OF A MUTUAL FUND? ................................................................................................. 2  WHAT DO MUTUAL FUNDS INVEST IN? ....................................... ...
RBC Funds (Lux) - RBC Global Asset Management
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Plaintiff v BANK OF AMERICA CORPORATION
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... currency and the duration of the loan. This rate is set by the LIBOR member banks each day and is intended to reflect the true cost of borrowing in any given economic environment, representing the amount of interest that one financial institution would charge for lending money to another financial i ...
The Accruals Anomaly: A 50/50 chance game? Evidence from the
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Parametric Sound Corp (Form: 8-K, Received: 01/16/2014 06:01:39)

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Studies on the Validation of Internal Rating Systems
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Syndicated loan

A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers.The syndicated loan market is the dominant way for corporations in the U.S. and Europe to top banks and other institutional financial capital providers for loans. The U.S. market originated with the large leveraged buyout loans of the mid-1980s, and Europe's market blossomed with the launch of the euro in 1999.At the most basic level, arrangers serve the investment-banking role of raising investor funding for an issuer in need of capital. The issuer pays the arranger a fee for this service, and this fee increases with the complexity and risk factors of the loan. As a result, the most profitable loans are those to leveraged borrowers—issuers whose credit ratings are speculative grade and who are paying spreads (premiums or margins above the relevant LIBOR in the U.S. and UK, Euribor in Europe or another base rate) sufficient to attract the interest of non-bank term loan investors. Though, this threshold moves up and down depending on market conditions.In the U.S., corporate borrowers and private equity sponsors fairly even-handedly drive debt issuance. Europe, however, has far less corporate activity and its issuance is dominated by private equity sponsors, who, in turn, determine many of the standards and practices of loan syndication.
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