How to Access Trade Finance: A guide for exporting SMEs
... lending. As an after effect, a tightening of exposure levels has further affected SMEs, which financial institutions already considered as representing increased risk. This Guide provides the SME manager with key advice on how to understand bank requirements, prepare a bankable proposal and a solid ...
... lending. As an after effect, a tightening of exposure levels has further affected SMEs, which financial institutions already considered as representing increased risk. This Guide provides the SME manager with key advice on how to understand bank requirements, prepare a bankable proposal and a solid ...
The Long-Run Performance of German Stock Mutual Funds
... Money market funds came into existence at the beginning of the nineties, ”Altersvorsorgefonds” in 1998. Literally translated ”Altersvorsorge” is making financial provisions for old age. These funds may hold both stocks and real estate. In 1990 stock funds were at an all-time low with respect to thei ...
... Money market funds came into existence at the beginning of the nineties, ”Altersvorsorgefonds” in 1998. Literally translated ”Altersvorsorge” is making financial provisions for old age. These funds may hold both stocks and real estate. In 1990 stock funds were at an all-time low with respect to thei ...
Economics of Money, Banking, and Financial Markets, 8e
... A) reduce transactions costs. B) avoid the asymmetric information problem. C) avoid adverse selection problems. D) reduce moral hazard. Answer: A Ques Status: Revised ...
... A) reduce transactions costs. B) avoid the asymmetric information problem. C) avoid adverse selection problems. D) reduce moral hazard. Answer: A Ques Status: Revised ...
Implications of Dodd-Frank for UK and EU fund
... As a general matter, unless an exemption applies, a firm is required to be registered under the Advisers Act if it manages securities for funds or other accounts in the United States or for funds that have investors in the United States. Most fund managers and segregated portfolio managers would be ...
... As a general matter, unless an exemption applies, a firm is required to be registered under the Advisers Act if it manages securities for funds or other accounts in the United States or for funds that have investors in the United States. Most fund managers and segregated portfolio managers would be ...
Real Estate Investment Vehicles and Agency Theory
... ownership and control is separated and market imperfections/information asymmetries are present (Cieleback, 2004; pp 5-7). Following Jensen/Meckling an agency relationship exists when “one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf wh ...
... ownership and control is separated and market imperfections/information asymmetries are present (Cieleback, 2004; pp 5-7). Following Jensen/Meckling an agency relationship exists when “one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf wh ...
Rating Agencies - Financial Policy Forum
... three. The process for qualification as a NRSRO has not been formalized, although there have been attempts to do so. In 1997 the SEC proposed a procedure to formalize the process for recognizing a rating agency. Conflicts amongst members of the financial sector hampered the rule making process. The ...
... three. The process for qualification as a NRSRO has not been formalized, although there have been attempts to do so. In 1997 the SEC proposed a procedure to formalize the process for recognizing a rating agency. Conflicts amongst members of the financial sector hampered the rule making process. The ...
Questions from Ofgem`s Liquidity in the GB wholesale energy markets
... of the other electricity systems it has used as comparators to the GB market. In particular, Ofgem has not considered the implications of interconnected systems with a higher proportion of inflexible plant and less predictable generation than is the case in GB. Inflexible generation has a greater ne ...
... of the other electricity systems it has used as comparators to the GB market. In particular, Ofgem has not considered the implications of interconnected systems with a higher proportion of inflexible plant and less predictable generation than is the case in GB. Inflexible generation has a greater ne ...
The Interplay Between Student Loans and Credit Cards: Implications for Default ∗
... college debt, credit card debt, and income of young borrowers with student loans aged 20-30 as delivered by the SCF 2004 as well as the 2-year CDR on student loans. Our results are consistent with the observed behavior in several ways: First, the incentive to default on student loans increases in c ...
... college debt, credit card debt, and income of young borrowers with student loans aged 20-30 as delivered by the SCF 2004 as well as the 2-year CDR on student loans. Our results are consistent with the observed behavior in several ways: First, the incentive to default on student loans increases in c ...
Pre-Sale Fitch - The Paragon Group of Companies
... The small initial portfolio size at closing could potentially lead to two levels of concentration risk in this transaction. The first emanates at the loan level where any single loan could potentially cause disproportionately larger losses than would be the case in a larger more diversified pool. Th ...
... The small initial portfolio size at closing could potentially lead to two levels of concentration risk in this transaction. The first emanates at the loan level where any single loan could potentially cause disproportionately larger losses than would be the case in a larger more diversified pool. Th ...
The Hedge Fund Landscape
... comingled managed account services, which were designed to offer investors a differentiated fund-offund model (i.e., a choice of approved, comingled accounts from the MAP with enhanced liquidity and transparency). However, recently, increased interest from large, sophisticated institutional investor ...
... comingled managed account services, which were designed to offer investors a differentiated fund-offund model (i.e., a choice of approved, comingled accounts from the MAP with enhanced liquidity and transparency). However, recently, increased interest from large, sophisticated institutional investor ...
Short-term Expectations in Listed Firms: The Effects of Different
... as on returns from daily up to a yearly level. They also face severe diversification rules, limiting their role as large investors in individual firms (for an analysis of the barriers to shareholder activism faced by many institutional investors, see e.g. David and Kochhar, 1996; Edwards and Hubbard ...
... as on returns from daily up to a yearly level. They also face severe diversification rules, limiting their role as large investors in individual firms (for an analysis of the barriers to shareholder activism faced by many institutional investors, see e.g. David and Kochhar, 1996; Edwards and Hubbard ...
Revisiting the low volatility anomaly
... and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors. We do not undertake any obligation to update the forward-looking statements contained herein, or to update the reasons why actual results could differ from ...
... and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors. We do not undertake any obligation to update the forward-looking statements contained herein, or to update the reasons why actual results could differ from ...
Foreign Investment - Dubrovnik 2002
... Because small, local political parties will loose their power when big, international companies enter! The highest resistance to foreign investment comes from political parties and their fear to loose power, because now they have enormous, irrational power! But, political parties claim they are in f ...
... Because small, local political parties will loose their power when big, international companies enter! The highest resistance to foreign investment comes from political parties and their fear to loose power, because now they have enormous, irrational power! But, political parties claim they are in f ...
Leasing market
... Leasing market Demand for industrial space in the Sydney metropolitan area increased significantly through calendar 2015. Net absorption nearly tripled, to around 700,000 square metres, compared with the year before, falling just 10% short of its previous peak in 2004. The combination of strengtheni ...
... Leasing market Demand for industrial space in the Sydney metropolitan area increased significantly through calendar 2015. Net absorption nearly tripled, to around 700,000 square metres, compared with the year before, falling just 10% short of its previous peak in 2004. The combination of strengtheni ...
Push Factors and Capital Flows to Emerging Markets
... Our findings contribute to the literature in several respects. We are naturally connected to the literature on push factors and their impacts on EMs (see Forbes and Warnock, 2012 for a review), although we rely on a different methodology. The use of latent factors (rather than observed proxies) to c ...
... Our findings contribute to the literature in several respects. We are naturally connected to the literature on push factors and their impacts on EMs (see Forbes and Warnock, 2012 for a review), although we rely on a different methodology. The use of latent factors (rather than observed proxies) to c ...
GQG Partners Emerging Markets Equity Fund
... traded common stocks. For purposes of the Fund’s 80% investment policy, however, equity securities also include depositary receipts (including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”)), which are certificates typically issue ...
... traded common stocks. For purposes of the Fund’s 80% investment policy, however, equity securities also include depositary receipts (including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”)), which are certificates typically issue ...
Basel III Pillar 3 Regulatory Capital Disclosures
... offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 active, full-time equivalent team members, we serve one in three households in the United States and are ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. We ...
... offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 active, full-time equivalent team members, we serve one in three households in the United States and are ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. We ...
2014 Australian Financial Markets Report
... In this article we take a look at some of the factors that have shaped market turnover over the past five years. ...
... In this article we take a look at some of the factors that have shaped market turnover over the past five years. ...
US CORNER - Paul, Weiss
... Successful workouts are the result of negotiations among borrowers and creditors. The issue of who participates in the workout process is significant because a workout takes time, focused effort and commitment from all the parties in order to be able to reach an agreement. If one constituency does n ...
... Successful workouts are the result of negotiations among borrowers and creditors. The issue of who participates in the workout process is significant because a workout takes time, focused effort and commitment from all the parties in order to be able to reach an agreement. If one constituency does n ...
Primer on Proposed New Regulatory Capital Framework
... incorporates additional risk attributes, including credit score, remaining amortization and outstanding loan balance. The comment period for the draft advisory ends on October 21, 2016, after which OSFI intends to finalize the advisory. The finalized advisory will come into force on January 1, 2017, ...
... incorporates additional risk attributes, including credit score, remaining amortization and outstanding loan balance. The comment period for the draft advisory ends on October 21, 2016, after which OSFI intends to finalize the advisory. The finalized advisory will come into force on January 1, 2017, ...
Green Bank White Paper - Coalition for Green Capital
... with grants is that they are expensive, as they are permanent expenditures of taxpayer dollars. To bring clean energy markets to meaningful scale using grants would require more public expenditure than is available or politically viable. Therefore new program solutions are needed that address upfron ...
... with grants is that they are expensive, as they are permanent expenditures of taxpayer dollars. To bring clean energy markets to meaningful scale using grants would require more public expenditure than is available or politically viable. Therefore new program solutions are needed that address upfron ...
Market Timing and the Debt-Equity Choice.
... Servaes (1995) and Stulz (1990) use book-to-market to measure growth options and find evidence that firms with many growth options issue equity to mitigate the underinvestment problem that arises from greater leverage. In both of these alternative explanations, low book-to-market is interpreted as a ...
... Servaes (1995) and Stulz (1990) use book-to-market to measure growth options and find evidence that firms with many growth options issue equity to mitigate the underinvestment problem that arises from greater leverage. In both of these alternative explanations, low book-to-market is interpreted as a ...
Covered Bonds: FDIC Action Might Spur US Covered
... secured by the mortgage loans). The limitations imposed by the U.S. insolvency regime and the absence of covered bond legislation are fundamental in explaining the particularities of this structure. In the event of a bank’s insolvency, the Federal Deposit Insurance Corporation (FDIC) is appointed co ...
... secured by the mortgage loans). The limitations imposed by the U.S. insolvency regime and the absence of covered bond legislation are fundamental in explaining the particularities of this structure. In the event of a bank’s insolvency, the Federal Deposit Insurance Corporation (FDIC) is appointed co ...