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date - Rabobank
date - Rabobank

Capital Series Product Disclosure Statement (Part 1 of 2)
Capital Series Product Disclosure Statement (Part 1 of 2)

... This PDS has been prepared by Commonwealth Bank of Australia (“Commonwealth Bank”), the issuer of Capital Series. This PDS does not constitute an offer for sale or issue of any securities by Commonwealth Bank that requires disclosure under Chapter 6D of the Corporations Act 2001 (Cth). Terms of Sale ...
(PDF 4.7 MB)
(PDF 4.7 MB)

International Finance Corporation
International Finance Corporation

INTERNATIONAL FINANCE CORPORATION Incapital LLC
INTERNATIONAL FINANCE CORPORATION Incapital LLC

Fair Value Measurement (Topic 820)
Fair Value Measurement (Topic 820)

... investment companies, the IASB decided that it would be difficult to identify when such a practical expedient could be applied given the different practices for calculating net asset values in jurisdictions around the world. For example, entities that are investment companies may report in accordanc ...
(“la Caixa”), a
(“la Caixa”), a

Annual Report 2016
Annual Report 2016

... group’s performance amply justifies the board’s decision to recommend a final dividend of 93.75 US cents per share, bringing the total dividend for the year to 122 US cents, an increase of 9 US cents over the prior year. On 11 November 2015, AB InBev announced a recommended cash offer, with a partial ...
Volatility and Fixed Income Asset Class Comparison
Volatility and Fixed Income Asset Class Comparison

... We liken a short volatility exposure to a long bond exposure. Just as a bond issuer is willing to pay (and is in fact required to pay) a rate of interest in excess of the expected rate of inflation, a buyer of volatility is required to pay for an implied volatility level in excess of the expected re ...
Group Consolidated Financial Statements 2016 (IFRS)
Group Consolidated Financial Statements 2016 (IFRS)

... I. Group statement of comprehensive income of Erste Group for the year ended 31 December 2016 Income statement in EUR thousand Net interest income Net fee and commission income Dividend income Net trading and fair value result Net result from equity method investments Rental income from investment ...
PRIMERO MINING CORP
PRIMERO MINING CORP

... The following information is of significant importance to shareholders of the Company who do not hold Common Shares in their own name. Beneficial Shareholders should note that the only proxies that can be recognized and acted upon at the Meeting are those deposited by registered shareholders or as s ...
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Reports and Financial Statements for the Financial

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6.5 Loan Portfolio

... are difficult to predict, and actual results and events may differ from those anticipated and discussed herein. These expectations depend materially on market conditions, Brazil’s economic performance and developments in the banking industry and international markets. Banco do Brasil does not assume ...
Financial Report
Financial Report

... 2010). The main changes in IFRS 3 are related to the following: (a) expanding the definition of ‘business’, which would probably lead to expanding the scope of acquisitions treated as business combinations; (b) measuring minority (non-controlling) interest at fair value or at its proportionate inter ...
Nordic High Yield Update
Nordic High Yield Update

Investor Preferences and Demand for Active Management
Investor Preferences and Demand for Active Management

Sherritt international Corporation
Sherritt international Corporation

... basis); 5,695 tonnes of finished nickel (100% basis); and 493 tonnes of finished cobalt (100% basis). Sulawesi Project In December 2010, Sherritt signed an earn-in arrangement to acquire a 46% economic interest in a nickel and cobalt project on the island of Sulawesi in the Republic of Indonesia. Ex ...
Cash management behavior of firms and its structural
Cash management behavior of firms and its structural

Are Share Repurchases and Dividends Substitute
Are Share Repurchases and Dividends Substitute

RYDER SYSTEM INC (Form: 10-K, Received: 02/12
RYDER SYSTEM INC (Form: 10-K, Received: 02/12

... designed to reduce vehicle downtime through preventive maintenance based on vehicle type and time or mileage intervals. The service also provides vehicle repairs including parts and labor, 24-hour emergency roadside service and replacement vehicles for vehicles that are temporarily out of service. V ...
1st grade Math Master List - Montezuma
1st grade Math Master List - Montezuma

... 2nd Grade State and District Outcomes Summary 1. The whole number system describes place value relationships and forms the foundation for efficient algorithms 1.1a Use place value to read, write, count, compare, and represent numbers. (CCSS: 2.NBT) i. Represent the digits of a three-digit number as ...
NEWMONT MINING CORP /DE/ (Form: 10-K/A
NEWMONT MINING CORP /DE/ (Form: 10-K/A

... in-house investment banking and advisory services). Merchant Banking manages Newmont’s royalty portfolio. Royalties generally offer a natural hedge against lower gold prices by providing free cash flow from assets with limited operating, capital or environmental risk, while retaining upside exposure ...
Basic Financial Derivatives - Sanjeev Institute of Planning and
Basic Financial Derivatives - Sanjeev Institute of Planning and

Filed pursuant to Rule 424(b)(3) File No. 333
Filed pursuant to Rule 424(b)(3) File No. 333

... payment will be determined on the third business day prior to the expiration of this offer, using the fixed-spread pricing formula described under "The Exchange Offer--Terms of the Offer" and will depend on the yields of certain US Treasury notes at 4:00 p.m., New York City time, on that day. Conseq ...
Nuveen Build America Bond Fund
Nuveen Build America Bond Fund

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Present value

In economics, present value, also known as present discounted value, is the value of an expected income stream determined as of the date of valuation. The present value is always less than or equal to the future value because money has interest-earning potential, a characteristic referred to as the time value of money, except during times of negative interest rates, when the present value will be greater than the future value. Time value can be described with the simplified phrase, “A dollar today is worth more than a dollar tomorrow”. Here, 'worth more' means that its value is greater. A dollar today is worth more than a dollar tomorrow because the dollar can be invested and earn a day's worth of interest, making the total accumulate to a value more than a dollar by tomorrow. Interest can be compared to rent. Just as rent is paid to a landlord by a tenant, without the ownership of the asset being transferred, interest is paid to a lender by a borrower who gains access to the money for a time before paying it back. By letting the borrower have access to the money, the lender has sacrificed the exchange value of this money, and is compensated for it in the form of interest. The initial amount of the borrowed funds (the present value) is less than the total amount of money paid to the lender.Present value calculations, and similarly future value calculations, are used to value loans, mortgages, annuities, sinking funds, perpetuities, bonds, and more. These calculations are used to make comparisons between cash flows that don’t occur at simultaneous times. The idea is much like algebra, where variable units must be consistent in order to compare or carry out addition and subtraction; time dates must be consistent in order to make comparisons between values or carry out simple calculations. When deciding between projects in which to invest, the choice can be made by comparing respective present values of such projects by means of discounting the expected income streams at the corresponding project interest rate, or rate of return. The project with the highest present value, i.e. that is most valuable today, should be chosen.
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