Monthly balance sheet statistics
... These comprise private enterprises (including partnerships) and public enterprises, including the Deutsche Bahn AG, Deutsche Post AG, Deutsche Telekom AG, the Federal Office for Special Duties associated with Unification (Bundesanstalt für vereinigungsbedingte Sonderaufgaben, BVS), the Federal Agenc ...
... These comprise private enterprises (including partnerships) and public enterprises, including the Deutsche Bahn AG, Deutsche Post AG, Deutsche Telekom AG, the Federal Office for Special Duties associated with Unification (Bundesanstalt für vereinigungsbedingte Sonderaufgaben, BVS), the Federal Agenc ...
The pari passu clause in sovereign debt instruments
... U.S. domestic corporate debt is sold typically refer to the pani passu status of the debtor's obligation even without inclusion of a specific contractual pani passu clause.") (citations omitted): cf. Barry W. Taylor. Swaps: Managing Interest Rate and Exchange Rate Risk front a Credit Perspective, in ...
... U.S. domestic corporate debt is sold typically refer to the pani passu status of the debtor's obligation even without inclusion of a specific contractual pani passu clause.") (citations omitted): cf. Barry W. Taylor. Swaps: Managing Interest Rate and Exchange Rate Risk front a Credit Perspective, in ...
Default Option Exercise over the Financial Crisis and Beyond
... up from less than 0.1 in 2006 to over 0.8 in 2012 (Figure 1), translating into substantially higher default probabilities for a given level of negative equity. For example, in 2006 a mortgage loan with 15 percent negative equity had only a 5 percent greater chance of entering into default than a loa ...
... up from less than 0.1 in 2006 to over 0.8 in 2012 (Figure 1), translating into substantially higher default probabilities for a given level of negative equity. For example, in 2006 a mortgage loan with 15 percent negative equity had only a 5 percent greater chance of entering into default than a loa ...
Pillar 3 Disclosures Quantitative Disclosures As at 31
... equity under MAS Notice 637. Excludes major stake investments approved under Section 32 of the Banking Act that are not consolidated; these are not risk-weighted under the IRBA Simple Risk Weight Method but instead reported under RWA arising from Regulatory Adjustment in section 3. (b) ...
... equity under MAS Notice 637. Excludes major stake investments approved under Section 32 of the Banking Act that are not consolidated; these are not risk-weighted under the IRBA Simple Risk Weight Method but instead reported under RWA arising from Regulatory Adjustment in section 3. (b) ...
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... results cannot necessarily be generalized to lenders. Lenders typically have access to more information about the company than do equity investors and this greater amount of information might mitigate poor internal controls. Additionally, lenders generally have a shorter-term perspective than invest ...
... results cannot necessarily be generalized to lenders. Lenders typically have access to more information about the company than do equity investors and this greater amount of information might mitigate poor internal controls. Additionally, lenders generally have a shorter-term perspective than invest ...
Credit Reporting at the Base of the Pyramid: Key Issues
... consumer loans as well as other financial products (savings and insurance) to poor families. These formal sector lenders prefer to lend to low-income borrowers with regular incomes, such as salaries or government benefits. They tend to rely on credit scoring methods and are keen to incorporate credi ...
... consumer loans as well as other financial products (savings and insurance) to poor families. These formal sector lenders prefer to lend to low-income borrowers with regular incomes, such as salaries or government benefits. They tend to rely on credit scoring methods and are keen to incorporate credi ...
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 ...
Pricing of Corporate Loan : Credit Risk and Liquidity cost
... Probably the most prominent characteristic of the liquidity is that it oscillates between distinct regimes following the state of the economic environment. Between two crisis, investors are confident and banks find it easier to launch their long term refinancing programs through regular bonds issuan ...
... Probably the most prominent characteristic of the liquidity is that it oscillates between distinct regimes following the state of the economic environment. Between two crisis, investors are confident and banks find it easier to launch their long term refinancing programs through regular bonds issuan ...
understanding mortgage market behavior: creating good mortgage
... households are taking on debt that they have little or no capacity to repay. Alternatively, there is growing evidence that many families are taking out mortgages that they do not understand or that are not suitable for their needs. The fact that foreclosures are higher within non-traditional product ...
... households are taking on debt that they have little or no capacity to repay. Alternatively, there is growing evidence that many families are taking out mortgages that they do not understand or that are not suitable for their needs. The fact that foreclosures are higher within non-traditional product ...
CREDIT FUNDS INSIGHT 01 May 2016 Issue 6, May 2016
... Needless to say, certain of the key features identified above are attractive to borrowers, such as there being a reduced need to service amortisation during the life of the facility and the higher leverage that may be available (particularly if that higher leverage results in a lower minimum equity ...
... Needless to say, certain of the key features identified above are attractive to borrowers, such as there being a reduced need to service amortisation during the life of the facility and the higher leverage that may be available (particularly if that higher leverage results in a lower minimum equity ...
discrimination in the small-business credit market
... Although not much previous research has examined discrimination in small-business credit markets, there has been an active debate on the question of whether banks discriminate against minority applicants for mortgages. In an in uential study in that area, researchers at the Federal Reserve Bank of ...
... Although not much previous research has examined discrimination in small-business credit markets, there has been an active debate on the question of whether banks discriminate against minority applicants for mortgages. In an in uential study in that area, researchers at the Federal Reserve Bank of ...
UNITED STATES SECURITIES AND
... sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services throughout the United States. NLC is a property and casualty insurance holding company, headquartered in Waco, Texas, that ...
... sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services throughout the United States. NLC is a property and casualty insurance holding company, headquartered in Waco, Texas, that ...
form 10-k old national bancorp
... substantial portion of any future losses on loans (and related unfunded commitments), other real estate owned (“OREO”) and up to 90 days of certain accrued interest on loans. The acquired loans and OREO subject to the loss sharing agreements are referred to collectively as “covered assets.” Old Nati ...
... substantial portion of any future losses on loans (and related unfunded commitments), other real estate owned (“OREO”) and up to 90 days of certain accrued interest on loans. The acquired loans and OREO subject to the loss sharing agreements are referred to collectively as “covered assets.” Old Nati ...
Group-Based Financial Institutions for the Rural
... n the past two decades, nongovernmental organizations (NGOs) in Bangladesh have provided millions of poor rural people with savings and credit services at low cost. With these services, they have reduced poverty, improved food security and nutrition, and achieved positive social change as well. Thes ...
... n the past two decades, nongovernmental organizations (NGOs) in Bangladesh have provided millions of poor rural people with savings and credit services at low cost. With these services, they have reduced poverty, improved food security and nutrition, and achieved positive social change as well. Thes ...
Thematic Review on mortgage Underwriting and Origination Practices
... jurisdictions, and has been a common practice in most jurisdictions where not required. The exceptions are the UK, where verification was neither required nor recent practice, and the US, where borrowers could apply for a “low doc” loan which does not require verification of income but bears a highe ...
... jurisdictions, and has been a common practice in most jurisdictions where not required. The exceptions are the UK, where verification was neither required nor recent practice, and the US, where borrowers could apply for a “low doc” loan which does not require verification of income but bears a highe ...
FEMIP - The Potential of Mesofinance for Job Creation in
... (approximately 60%). The majority of SMEs are still informal in some respects. They are also largely opaque – often deliberately so – hence difficult to evaluate by banks. In the MENA region 63% of small firms do not have access to formal finance5, which is high compared to countries of similar GDP ...
... (approximately 60%). The majority of SMEs are still informal in some respects. They are also largely opaque – often deliberately so – hence difficult to evaluate by banks. In the MENA region 63% of small firms do not have access to formal finance5, which is high compared to countries of similar GDP ...
Greene County Bancorp 10K - The Bank of Greene County
... principles in the United States of America. Under Regulation G, companies making public disclosures containing non-GAAP financial measures must also disclose, along with each non-GAAP financial measure, certain additional information, including a reconciliation of the non-GAAP financial measure to t ...
... principles in the United States of America. Under Regulation G, companies making public disclosures containing non-GAAP financial measures must also disclose, along with each non-GAAP financial measure, certain additional information, including a reconciliation of the non-GAAP financial measure to t ...
2014 results - Lloyds Banking Group
... in March and the launch of a pre-arranged trading plan in December which provides a means for an orderly sell down that will end no later than June 2015. On 20 February 2015, we were advised that UKFI’s interest in the Group had reduced to 23.9 per cent. In the summer, we sold 38.5 per cent of TSB v ...
... in March and the launch of a pre-arranged trading plan in December which provides a means for an orderly sell down that will end no later than June 2015. On 20 February 2015, we were advised that UKFI’s interest in the Group had reduced to 23.9 per cent. In the summer, we sold 38.5 per cent of TSB v ...
CMBS Subordination, Ratings Inflation, and Regulatory
... The empirical papers most closely related to ours are Griffin and Tang (2009), Ashcraft et al. (2009), and Benmelech and Dlugosz (2009). Griffin and Tang (2009) analyze the outputs of a rating agency’s credit model for a sample of CDOs between 1997 and 2007. They find that the actual size of the AAA ...
... The empirical papers most closely related to ours are Griffin and Tang (2009), Ashcraft et al. (2009), and Benmelech and Dlugosz (2009). Griffin and Tang (2009) analyze the outputs of a rating agency’s credit model for a sample of CDOs between 1997 and 2007. They find that the actual size of the AAA ...
The incentive structure of the originate-to
... Traditionally, the fundamental business of banks is holding deposits and making loans. Until a few decades ago, banks used to hold loans until borrowers repaid them, because selling loan portfolios was too costly. This is called ‘originate-to-hold’. Loan sale and securitization have changed the trad ...
... Traditionally, the fundamental business of banks is holding deposits and making loans. Until a few decades ago, banks used to hold loans until borrowers repaid them, because selling loan portfolios was too costly. This is called ‘originate-to-hold’. Loan sale and securitization have changed the trad ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... because this is the total debt that needs to be serviced relative to the aggregate equity (provided that the collateral value is measured at current market prices). For this purpose one should measure the aggregate loan- to-value ratio by taking the ratio of all outstanding loans on some asset class ...
... because this is the total debt that needs to be serviced relative to the aggregate equity (provided that the collateral value is measured at current market prices). For this purpose one should measure the aggregate loan- to-value ratio by taking the ratio of all outstanding loans on some asset class ...
The American Mortgage in Historical and International Context
... payments of principal at term. Unless borrowers could find means to refinance these loans when they came due, they would have to pay off the outstanding loan balance. In addition, most loans carried a variable rate of interest. Bartlett (1989) presents a fine historical overview of the origins of th ...
... payments of principal at term. Unless borrowers could find means to refinance these loans when they came due, they would have to pay off the outstanding loan balance. In addition, most loans carried a variable rate of interest. Bartlett (1989) presents a fine historical overview of the origins of th ...
Bond Prospectus of Limited Liability Company
... The risks indicated in this section may reduce the Issuer’s ability to fulfil its obligations and cause its insolvency in the worst-case scenario. Bondholders have to take into account that Bonds are not secured by pledge and third parties have not guaranteed for Bonds and Coupon payments related th ...
... The risks indicated in this section may reduce the Issuer’s ability to fulfil its obligations and cause its insolvency in the worst-case scenario. Bondholders have to take into account that Bonds are not secured by pledge and third parties have not guaranteed for Bonds and Coupon payments related th ...
MORTGAGE TERMINATIONS, HETEROGENEITY AND THE EXERCISE OF MORTGAGE OPTIONS B Y
... cannot observe directly the parameters governing house price volatilities. This can be a problem if the volatilities vary in a systematic way, for instance if borrowers know more about their own house price volatility than lenders do. Then risky houses might be financed with high loan-to-value ŽLTV. ...
... cannot observe directly the parameters governing house price volatilities. This can be a problem if the volatilities vary in a systematic way, for instance if borrowers know more about their own house price volatility than lenders do. Then risky houses might be financed with high loan-to-value ŽLTV. ...
Pre-Sale Fitch - The Paragon Group of Companies
... In Fitch’s view, strengths to consider are: (1) all applications are manually underwritten and require income verification in addition to using stressed minimum rental values; (2) all mortgage applications require a full valuation, with a sense check of valuations using comparable data; (3) structur ...
... In Fitch’s view, strengths to consider are: (1) all applications are manually underwritten and require income verification in addition to using stressed minimum rental values; (2) all mortgage applications require a full valuation, with a sense check of valuations using comparable data; (3) structur ...