2003 Report as a word document
... Following the completion of the 2002 actuarial valuation, Guide Dogs paid a lump sum to the Scheme in December 2003 amounting to £3,500,000 in order to reduce the funding deficit which had arisen. This amount is included in the pension cost already mentioned. ...
... Following the completion of the 2002 actuarial valuation, Guide Dogs paid a lump sum to the Scheme in December 2003 amounting to £3,500,000 in order to reduce the funding deficit which had arisen. This amount is included in the pension cost already mentioned. ...
Forthcoming, Journal of Empirical Finance Measuring The Market
... Hedge funds often employ opportunistic trading strategies on a leveraged basis. It is natural to find their footprints in most major market events. A "small bet" by large hedge funds can be a sizeable transaction that can impact a market. This study estimates hedge fund exposures during a number of ...
... Hedge funds often employ opportunistic trading strategies on a leveraged basis. It is natural to find their footprints in most major market events. A "small bet" by large hedge funds can be a sizeable transaction that can impact a market. This study estimates hedge fund exposures during a number of ...
DOCUMENTOS DE TRABAJO Serie Economía CAPITAL CONTROLS AND THE COST OF DEBT
... We construct our data set for capital account restrictions by using the methodology introduced by Schindler (2009), which is based on information provided in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER). To reduce the potential for errors in the coding of the ...
... We construct our data set for capital account restrictions by using the methodology introduced by Schindler (2009), which is based on information provided in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER). To reduce the potential for errors in the coding of the ...
The Market for Foreign Investment in Microfinance: Opportunities
... is investment in another fund, which will eventually reach the MFI in the form of a direct investment by that other fund. The majority of the direct investment ($648 million, or 56 percent) comes from the IFIs. In addition to their direct investment, these public investors have also invested another ...
... is investment in another fund, which will eventually reach the MFI in the form of a direct investment by that other fund. The majority of the direct investment ($648 million, or 56 percent) comes from the IFIs. In addition to their direct investment, these public investors have also invested another ...
How the Affluent Manage Home Equity to Safely and Conservatively
... of the mortgage. We can only conclude they are operating on outdated knowledge from previous generations when there were few options other than the 30 year fixed mortgage. Wealthy Americans, those with the ability to pay off their mortgage but refuse to do so, understand how to make their mortgage wo ...
... of the mortgage. We can only conclude they are operating on outdated knowledge from previous generations when there were few options other than the 30 year fixed mortgage. Wealthy Americans, those with the ability to pay off their mortgage but refuse to do so, understand how to make their mortgage wo ...
A Portfolio Built on Divident Growth - Presentation by Scott Malatesta
... Performance data quoted represents past performance and does not guarantee future results. Data as of 12/31/12. Source: Morningstar Direct, BlackRock. BlackRock Equity Dividend returns reflect cumulative performance for MDDVX (A-share). Returns do not incorporate sales charges; if sales charges had ...
... Performance data quoted represents past performance and does not guarantee future results. Data as of 12/31/12. Source: Morningstar Direct, BlackRock. BlackRock Equity Dividend returns reflect cumulative performance for MDDVX (A-share). Returns do not incorporate sales charges; if sales charges had ...
2006 Financing Report
... Yunus, “one that does not possess anything gets the highest priority in getting a loan.” And he practices what he preaches. Even beggars can get loans from the Grameen bank. They are not required to give up begging but are encouraged to take up an additional ...
... Yunus, “one that does not possess anything gets the highest priority in getting a loan.” And he practices what he preaches. Even beggars can get loans from the Grameen bank. They are not required to give up begging but are encouraged to take up an additional ...
Improving Access to Finance for SME:International Good
... 3.2.2 Price and Exchange Rates....................................................................................... 33 ...
... 3.2.2 Price and Exchange Rates....................................................................................... 33 ...
Recent episodes of credit card distress in Asia
... growth in credit card lending. First, as noted earlier, ample liquidity in the banking systems and lower interest rates put pressure on banks to focus more on consumer lending. In Korea, banks financed not only their own credit card operations, but also the dominant monoline credit card issuers thro ...
... growth in credit card lending. First, as noted earlier, ample liquidity in the banking systems and lower interest rates put pressure on banks to focus more on consumer lending. In Korea, banks financed not only their own credit card operations, but also the dominant monoline credit card issuers thro ...
Two Agency-Cost Explanations of Dividends
... Dividends can serve as signals (information content of dividends): o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for ...
... Dividends can serve as signals (information content of dividends): o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for ...
When and how US dollar shortages evolved into the full crisis
... Neither the cross-currency swap nor its shorter-term version, FX swap, was not immune to the financial turmoil. Baba et al. (2008) document heightened volatility in those swap markets across several major currency pairs beginning in August 2007. For example, the 3-month FX swap-implied USD rate usi ...
... Neither the cross-currency swap nor its shorter-term version, FX swap, was not immune to the financial turmoil. Baba et al. (2008) document heightened volatility in those swap markets across several major currency pairs beginning in August 2007. For example, the 3-month FX swap-implied USD rate usi ...
Liquidity Crises - Business Review, Second Quarter 2008
... bond (a safe security) fell to its lowest level up to that time. Many of LTCM’s strategies had involved betting that the spread between safe and risky assets would actually decline; thus, the flight to quality caused it to lose substantially more. Finally, in addition to a flight to quality in secur ...
... bond (a safe security) fell to its lowest level up to that time. Many of LTCM’s strategies had involved betting that the spread between safe and risky assets would actually decline; thus, the flight to quality caused it to lose substantially more. Finally, in addition to a flight to quality in secur ...
the role of pension funds in financing green growth
... investments remains low. This is partly due to a lack of environmental policy support, but other barriers to investment include a lack of appropriate investment vehicles and market liquidity, scale issues, regulatory disincentives and lack of knowledge, track record and expertise among pension funds ...
... investments remains low. This is partly due to a lack of environmental policy support, but other barriers to investment include a lack of appropriate investment vehicles and market liquidity, scale issues, regulatory disincentives and lack of knowledge, track record and expertise among pension funds ...
Download attachment
... most relevant juristic discussion is on fixing a price in financial transactions. This is due to the construction of Islamic Pricing Benchmark which is influenced by Bank Negara’s Overnight Policy Rate (OPR). Any changes to OPR will lead to a change in Islamic benchmark rate. Having benchmark will d ...
... most relevant juristic discussion is on fixing a price in financial transactions. This is due to the construction of Islamic Pricing Benchmark which is influenced by Bank Negara’s Overnight Policy Rate (OPR). Any changes to OPR will lead to a change in Islamic benchmark rate. Having benchmark will d ...
1 - Member and Committee Information
... In summary, as the outcomes set out in Section 6 show, Fund performance for 2015 was positive, but underperformed both the customised benchmark and our peers. The policy of being overweight in Equities, particularly in Asia Pacific ex-Japan, underweight in Property and Alternatives, particularly Pri ...
... In summary, as the outcomes set out in Section 6 show, Fund performance for 2015 was positive, but underperformed both the customised benchmark and our peers. The policy of being overweight in Equities, particularly in Asia Pacific ex-Japan, underweight in Property and Alternatives, particularly Pri ...
Firms` capital structure decisions and product market
... Johnson (1982). They reported that industry-wide leverage ratios were an important influence on a firm's leverage decisions. It is also well known that rating agencies look closely at economic variables such as pricing practices and market shares. However, it is rather surprising that we do not have ...
... Johnson (1982). They reported that industry-wide leverage ratios were an important influence on a firm's leverage decisions. It is also well known that rating agencies look closely at economic variables such as pricing practices and market shares. However, it is rather surprising that we do not have ...
building the case for social investment in credit unions
... unions to achieve a better capital adequacy position, and a better level of surplus generation year on year. The number of retail deposit holders in a bank is not the driver of its reserve requirements, and so it is not clear why the number of members is a driver for a credit union. If these adjustm ...
... unions to achieve a better capital adequacy position, and a better level of surplus generation year on year. The number of retail deposit holders in a bank is not the driver of its reserve requirements, and so it is not clear why the number of members is a driver for a credit union. If these adjustm ...
Determinants of issuance of corporate bonds by
... market, lengthen maturities of domestic bonds as well as develop a yield curve for pricing corporate bonds (Ngugi & Agot, 2007). The interest rates have been fixed or zero coupon and floating, with the latter being pegged on the 91- Day Treasury Bills. The first CB in Kenya was first issued in 1996 ...
... market, lengthen maturities of domestic bonds as well as develop a yield curve for pricing corporate bonds (Ngugi & Agot, 2007). The interest rates have been fixed or zero coupon and floating, with the latter being pegged on the 91- Day Treasury Bills. The first CB in Kenya was first issued in 1996 ...
Back-testing European stress tests - Autorité de contrôle prudentiel
... provided by the banks. The banks, on the other hand, allocate considerable time and effort to comply with the guidelines and estimate their losses at a fairly granular level. Yet, despite the clear importance of stress tests, their quality has not yet been formally tested. In fact, the data from the ...
... provided by the banks. The banks, on the other hand, allocate considerable time and effort to comply with the guidelines and estimate their losses at a fairly granular level. Yet, despite the clear importance of stress tests, their quality has not yet been formally tested. In fact, the data from the ...
(SMEs): The Malaysian Experience
... – Indigenous enterprises which may evolve into larger enterprises ...
... – Indigenous enterprises which may evolve into larger enterprises ...
Synovus to Acquire Entaire Global Companies, Inc.
... differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Many of these factors are beyond Synovus’ ability to control or predict. ...
... differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Many of these factors are beyond Synovus’ ability to control or predict. ...
Amended Complaint - Civil Rights Litigation Clearinghouse
... 60. The Plaintiff 'Powell' contnues to be damaged by or a adverse impact of the decisions the defendants Have made. The Plaintiff 'Powell" is of a protected class. The defendants do corrolate race with Creditworthiness. The defendants do not give people of a protected class the opportunity rather th ...
... 60. The Plaintiff 'Powell' contnues to be damaged by or a adverse impact of the decisions the defendants Have made. The Plaintiff 'Powell" is of a protected class. The defendants do corrolate race with Creditworthiness. The defendants do not give people of a protected class the opportunity rather th ...
Margin Credit and Stock Return Predictability
... find that hedge funds successfully anticipated price movements of technology stocks during the Nasdaq bubble and sold their positions prior to the crash. Indeed, Dai and Sundaresan (2010) theoretically model optimal leverage choice by hedge funds and show that, the optimal leverage, among other thin ...
... find that hedge funds successfully anticipated price movements of technology stocks during the Nasdaq bubble and sold their positions prior to the crash. Indeed, Dai and Sundaresan (2010) theoretically model optimal leverage choice by hedge funds and show that, the optimal leverage, among other thin ...
Impairment of Assets
... Information on the specific reasons for impairment losses is useful to investors. This is certainly the case if acquisitions have recently been effected. For investors, it is useful to know which assumptions by the management, that played a part in the decision to effect the acquisition, did not tur ...
... Information on the specific reasons for impairment losses is useful to investors. This is certainly the case if acquisitions have recently been effected. For investors, it is useful to know which assumptions by the management, that played a part in the decision to effect the acquisition, did not tur ...