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american capital senior floating, ltd. - corporate
... Total liabilities Commitments and contingencies (see note 11) Net Assets: Common stock, par value $0.01 per share; 10,000,100 issued and outstanding; ...
... Total liabilities Commitments and contingencies (see note 11) Net Assets: Common stock, par value $0.01 per share; 10,000,100 issued and outstanding; ...
Mortgage backed securities
... The streams of principal and interest payments on the mortgages are distributed to the different classes of CMO interests, known as tranches, according to a complicated deal structure. Each tranche may have different principal balances, coupon rates, prepayment risks, and maturity dates (ranging fro ...
... The streams of principal and interest payments on the mortgages are distributed to the different classes of CMO interests, known as tranches, according to a complicated deal structure. Each tranche may have different principal balances, coupon rates, prepayment risks, and maturity dates (ranging fro ...
Euro Corporate Bonds Risk Factors∗
... by the following criteria. First, the highest and the lowest prices are excluded and then the price is given by the average of the other five prices. Moreover each asset included should have at least 500 millions Euros of amount outstanding and its time to maturity should be bigger than one year. Su ...
... by the following criteria. First, the highest and the lowest prices are excluded and then the price is given by the average of the other five prices. Moreover each asset included should have at least 500 millions Euros of amount outstanding and its time to maturity should be bigger than one year. Su ...
Incorporation of financial ratios into prudential definition of assets
... borrower’s repayment capacity until the exposure gets into arrears. In addition, reliance on this criterion only makes it possible to evade classification of loans as past due and to overestimate the asset quality through loan restructurings. It must be noted that in general, modification of loan te ...
... borrower’s repayment capacity until the exposure gets into arrears. In addition, reliance on this criterion only makes it possible to evade classification of loans as past due and to overestimate the asset quality through loan restructurings. It must be noted that in general, modification of loan te ...
Cost of Capital in Imperfect Competition Settings
... and Wurgler and Zhuravskaya (2002). These effects, which are generally found to be permanent, are attributed to the increased demand for shares of these firms by institutional investors whose investment policies lead them to mimic the composition of the index. ...
... and Wurgler and Zhuravskaya (2002). These effects, which are generally found to be permanent, are attributed to the increased demand for shares of these firms by institutional investors whose investment policies lead them to mimic the composition of the index. ...
DEBT FINANCING
... PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder Prepared by Dr Buly Cardak ...
... PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder Prepared by Dr Buly Cardak ...
Morgan Creek Capital
... One thing to keep in mind is that all of this activity was for a company that wasn’t profitable (no prospects for profits either, again sounds like Tesla) and, worse still, its trading activities (only source of potential revenue) had been suspended. The South Sea Company didn’t go bankrupt in the m ...
... One thing to keep in mind is that all of this activity was for a company that wasn’t profitable (no prospects for profits either, again sounds like Tesla) and, worse still, its trading activities (only source of potential revenue) had been suspended. The South Sea Company didn’t go bankrupt in the m ...
Collateral versus project screening: a model of lazy banks
... have a negative impact on credit-market efficiency. We discuss several such reasons in this article, but specifically we focus on a very important one: a bank may be in a good position to evaluate the profitability of a planned investment project, and a high level of collateral will weaken the bank’ ...
... have a negative impact on credit-market efficiency. We discuss several such reasons in this article, but specifically we focus on a very important one: a bank may be in a good position to evaluate the profitability of a planned investment project, and a high level of collateral will weaken the bank’ ...
Ownership Structure and Performance of the Listed Tunisian
... the presence of the majority shareholders on performance (Berles and Means (1932), Shleifer and Vishny (1986)), while other studies concluded that there is no relationship between ownership concentration and performance (Holderness and Sheehan (1988)). Investors play an important role in corporate g ...
... the presence of the majority shareholders on performance (Berles and Means (1932), Shleifer and Vishny (1986)), while other studies concluded that there is no relationship between ownership concentration and performance (Holderness and Sheehan (1988)). Investors play an important role in corporate g ...
Multinational Firms, FDI Flows and Imperfect Capital Markets
... a new opportunity with a local partner in Japan. Japanese banks expressed a strong preference for equity participation by Disney over a licensing agreement in order to ensure that Disney had strong incentives to monitor the project and ensure value maximization. The concerns of these lenders and the ...
... a new opportunity with a local partner in Japan. Japanese banks expressed a strong preference for equity participation by Disney over a licensing agreement in order to ensure that Disney had strong incentives to monitor the project and ensure value maximization. The concerns of these lenders and the ...
The Effect of Change in Base Lending Rate on
... According to Roley & Troll (1984), Federal Reserve Bank has three rates that it charges financial institutions for using the discount window. The primary credit rate is a short-term rate charged for the most financially secure financial institutions. The secondary credit rate is a short rate that is ...
... According to Roley & Troll (1984), Federal Reserve Bank has three rates that it charges financial institutions for using the discount window. The primary credit rate is a short-term rate charged for the most financially secure financial institutions. The secondary credit rate is a short rate that is ...
Report REP 521 Further review of emerging market issuers
... Many entities listed on Australian markets operate beyond Australia. The global economy provides opportunities for entities to leverage new markets to produce, acquire or sell their goods or services, or to raise capital. Listed entities with a strong connection to one or more emerging markets have ...
... Many entities listed on Australian markets operate beyond Australia. The global economy provides opportunities for entities to leverage new markets to produce, acquire or sell their goods or services, or to raise capital. Listed entities with a strong connection to one or more emerging markets have ...
Alberta Capital Finance Authority
... Loan growth in 2016 was up slightly by $118 million from 2015 with new loans issued of $1,577 million. Of the new loans issued, financing was most significantly focused on projects related to airport infrastructure, parks and recreation projects, sewer and water infrastructure and roads and sidewalk ...
... Loan growth in 2016 was up slightly by $118 million from 2015 with new loans issued of $1,577 million. Of the new loans issued, financing was most significantly focused on projects related to airport infrastructure, parks and recreation projects, sewer and water infrastructure and roads and sidewalk ...
Slides part 13 :Financial Crisis
... - Transmission to investment funds : which have bought securitized assets because of high return. => Fall of their assets value => all investment funds became suspect. - Indirect exposure of banks : investment funds are owned or financed by banks (hedge funds are financed through loans) => banks are ...
... - Transmission to investment funds : which have bought securitized assets because of high return. => Fall of their assets value => all investment funds became suspect. - Indirect exposure of banks : investment funds are owned or financed by banks (hedge funds are financed through loans) => banks are ...
Internal Finance versus Bank Debt
... monitoring cost βI. Once the money has been invested in physical assets, the entrepreneur cannot divert it any more, in line with White’s (1984) suggestion that monitoring diversion is costlier for liquid assets than for physical assets. Thus, bank monitoring prevents the entrepreneur from taking th ...
... monitoring cost βI. Once the money has been invested in physical assets, the entrepreneur cannot divert it any more, in line with White’s (1984) suggestion that monitoring diversion is costlier for liquid assets than for physical assets. Thus, bank monitoring prevents the entrepreneur from taking th ...
Credit spreads - Bank of England
... credit spreads for companies requires more judgement than for households because data on the cost of new bank loans to companies are limited. This means that the corporate credit spread is calculated using a range of data, including from surveys. More detail on how the corporate credit spread is cal ...
... credit spreads for companies requires more judgement than for households because data on the cost of new bank loans to companies are limited. This means that the corporate credit spread is calculated using a range of data, including from surveys. More detail on how the corporate credit spread is cal ...
Benchmarks as Limits to Arbitrage: Understanding the Low
... Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly Malcolm Baker, Brendan Bradley, and Jeffrey Wurgler Contrary to basic finance principles, high-beta and high-volatility stocks have long underperformed low-beta and low-volatility stocks. This anomaly may be partly explained ...
... Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly Malcolm Baker, Brendan Bradley, and Jeffrey Wurgler Contrary to basic finance principles, high-beta and high-volatility stocks have long underperformed low-beta and low-volatility stocks. This anomaly may be partly explained ...
Looking Ahead: Capital Shortages, Tax Policy, and Economic
... the demands upon the liquidity of the market have become greater." The institutions which many feel dominate the stock market today are bound by the Prudent Man Rule. See A. SCOTT,TRUSTS §§ 611, 612 (Supp. 1975). Section 404 of the Employee Retirement Income Security Act of 1974 most recently provid ...
... the demands upon the liquidity of the market have become greater." The institutions which many feel dominate the stock market today are bound by the Prudent Man Rule. See A. SCOTT,TRUSTS §§ 611, 612 (Supp. 1975). Section 404 of the Employee Retirement Income Security Act of 1974 most recently provid ...
EN EN Results of in-depth reviews under Regulation (EU) No 1176
... effectiveness of the applied measures call for continued monitoring. On the asset side the key risk ...
... effectiveness of the applied measures call for continued monitoring. On the asset side the key risk ...
gender differences in bank loan access
... Cesena, as bank headquarters and most of their branches are active in those geographical areas. More than 50% of the available information comes from one banking source, i. e. the San Paolo - Banca Popolare dell’Adriatico. 1 The dataset contains 9,442 observations and each observation represents a l ...
... Cesena, as bank headquarters and most of their branches are active in those geographical areas. More than 50% of the available information comes from one banking source, i. e. the San Paolo - Banca Popolare dell’Adriatico. 1 The dataset contains 9,442 observations and each observation represents a l ...
77 Illustration 1 : Cost of Irredeemable Debtntures : Borrower Ltd
... iii) Ke = Market Price per Share + g. It is given that Ke = 16% = ...
... iii) Ke = Market Price per Share + g. It is given that Ke = 16% = ...
microcredit as a tool of ethical finance
... in consonance with one another when, in fact, they will not be referring to the same idea; they are misled by the terminology which may sound ‘familiar’ but which in fact will not be exactly so. This generic statement holds for all areas of human behaviour, whether considered scientific or not. It i ...
... in consonance with one another when, in fact, they will not be referring to the same idea; they are misled by the terminology which may sound ‘familiar’ but which in fact will not be exactly so. This generic statement holds for all areas of human behaviour, whether considered scientific or not. It i ...
The Democratization of Credit and the Rise in Consumer Bankruptcies
... ceiving a high endowment realization in the second period. To offer a lending contract, which specifies an interest rate, a borrowing limit and a set of eligible borrowers, an intermediary incurs a fixed cost. When designing loan contracts, lenders face an asymmetric information problem, as they ob ...
... ceiving a high endowment realization in the second period. To offer a lending contract, which specifies an interest rate, a borrowing limit and a set of eligible borrowers, an intermediary incurs a fixed cost. When designing loan contracts, lenders face an asymmetric information problem, as they ob ...