payments and securities clearance and settlement systems in
... comprised of representatives of international and national institutions with experience in the field of payments and securities systems. In addition to representatives from the World Bank, this council includes members from the Secretariat of the Committee on Payment and Settlement Systems (CPSS) of ...
... comprised of representatives of international and national institutions with experience in the field of payments and securities systems. In addition to representatives from the World Bank, this council includes members from the Secretariat of the Committee on Payment and Settlement Systems (CPSS) of ...
Report: Inquiry into Financial Products and Services in Australia
... including the potential for conflicts of interest, the need for appropriate disclosure, and remuneration models for financial advisers; 4. the role played by marketing and advertising campaigns; 5. the adequacy of licensing arrangements for those who sold the products and services; 6. the appropriat ...
... including the potential for conflicts of interest, the need for appropriate disclosure, and remuneration models for financial advisers; 4. the role played by marketing and advertising campaigns; 5. the adequacy of licensing arrangements for those who sold the products and services; 6. the appropriat ...
Sound Advice
... change. Global economic volatility has led to investor uncertainty in equity markets. Recent periods of low savings rates and the trend away from defined benefit pension plans have heightened anxiety about preparedness for retirement, especially within the baby boomer generation. Customer preference ...
... change. Global economic volatility has led to investor uncertainty in equity markets. Recent periods of low savings rates and the trend away from defined benefit pension plans have heightened anxiety about preparedness for retirement, especially within the baby boomer generation. Customer preference ...
notes to the financial statements
... Contingent consideration obligation that meets the definition of financial instrument is classified as a financial liability or as equity by reference to FRS 132 – Financial Instruments: Presentation. Contingent consideration that is classified as an asset or liability is measured at fair value at e ...
... Contingent consideration obligation that meets the definition of financial instrument is classified as a financial liability or as equity by reference to FRS 132 – Financial Instruments: Presentation. Contingent consideration that is classified as an asset or liability is measured at fair value at e ...
Liquidation in the Face of Adversity: Stealth Versus Sunshine Trading
... A variety of circumstances such as a margin call or a stop-loss strategy in combination with a large price drop can force a market participant to liquidate a large asset position urgently. Such a swift liquidation may result in a significant impact on the asset price. Hence, intuitively it seems to ...
... A variety of circumstances such as a margin call or a stop-loss strategy in combination with a large price drop can force a market participant to liquidate a large asset position urgently. Such a swift liquidation may result in a significant impact on the asset price. Hence, intuitively it seems to ...
Enhancing Financial Stability and Resilience
... use of a gross leverage ratio. The ratio could be in the form of an absolute limit on gross assets to a defined category of capital. The Working Group believes that the benefits of a gross leverage ratio are clear and compelling and notes that a number of countries already employ this type of tool. ...
... use of a gross leverage ratio. The ratio could be in the form of an absolute limit on gross assets to a defined category of capital. The Working Group believes that the benefits of a gross leverage ratio are clear and compelling and notes that a number of countries already employ this type of tool. ...
I Should We Fear Derivatives? Rene´ M. Stulz
... notional amounts of outstanding derivatives. In June 2003, the total notional amount of derivatives was $169.7 trillion. The notional amount represents a proxy for the value of the underlyings against which claims are traded in the derivatives markets. For example, the euro forward contract we discu ...
... notional amounts of outstanding derivatives. In June 2003, the total notional amount of derivatives was $169.7 trillion. The notional amount represents a proxy for the value of the underlyings against which claims are traded in the derivatives markets. For example, the euro forward contract we discu ...
Market Settlements Virtual and Financial Schedules (VF 201)
... • Represents daily allocation to AOs of any energy dollars that result from the MISO BA Net Inadvertent for an Operating Day • On an hourly basis each LBA is tasked with balancing their energy generation supply, load, and Net Scheduled Interchange (NSI) • The difference between the NAI and the NSI i ...
... • Represents daily allocation to AOs of any energy dollars that result from the MISO BA Net Inadvertent for an Operating Day • On an hourly basis each LBA is tasked with balancing their energy generation supply, load, and Net Scheduled Interchange (NSI) • The difference between the NAI and the NSI i ...
The Impacts of Capital Structure on Depth of Outreach in Sub
... Yet, since the beginning, MFIs have had to balance objectives of outreach and financial sustainability. Sometimes called attempting to meet the “double-bottom line,” microfinance strives to not only do-good but to pay for itself. Since MFI borrowers are charged an interest rate on credit and sometim ...
... Yet, since the beginning, MFIs have had to balance objectives of outreach and financial sustainability. Sometimes called attempting to meet the “double-bottom line,” microfinance strives to not only do-good but to pay for itself. Since MFI borrowers are charged an interest rate on credit and sometim ...
The swapito strikes back - BNP Paribas GlobalMarkets
... This type of information has inherent limitations which recipients must consider carefully. While the information has been prepared in good faith in accordance with BNP Paribas’s own internal models and other relevant sources, an analysis based on different models or assumptions may yield different ...
... This type of information has inherent limitations which recipients must consider carefully. While the information has been prepared in good faith in accordance with BNP Paribas’s own internal models and other relevant sources, an analysis based on different models or assumptions may yield different ...
Heterogeneous Beliefs, Speculation, and the Equity Premium ∗
... Finally, as the left panel of the figure shows, the average riskless rate in my model is fairly low for levels of the CRRA around 0.5, but climbs to implausible levels when the CRRA increases beyond one. This is the riskfree rate puzzle as first documented in Weil (1989). For extreme levels of the C ...
... Finally, as the left panel of the figure shows, the average riskless rate in my model is fairly low for levels of the CRRA around 0.5, but climbs to implausible levels when the CRRA increases beyond one. This is the riskfree rate puzzle as first documented in Weil (1989). For extreme levels of the C ...
Fair Value Measurements and Disclosures (Topic 820)
... Codification™ (because, for example, those investments are not listed on national exchanges or over-the-counter markets such as the National Association of Securities Dealers Automated Quotation System). Examples of these investees (also referred to as alternative investments) may include hedge fund ...
... Codification™ (because, for example, those investments are not listed on national exchanges or over-the-counter markets such as the National Association of Securities Dealers Automated Quotation System). Examples of these investees (also referred to as alternative investments) may include hedge fund ...
MultiFractality in Foreign Currency Markets
... In this paper we conduct an empirical investigation of the return behavior of five foreign currencies in order to detect possible discrepancies between the actual behavior of such currencies and the classical random walk. Note that we do not claim that foreign currency markets are inefficient nor do ...
... In this paper we conduct an empirical investigation of the return behavior of five foreign currencies in order to detect possible discrepancies between the actual behavior of such currencies and the classical random walk. Note that we do not claim that foreign currency markets are inefficient nor do ...
annual report 2015 - RHB Banking Group
... formed with interlocking wire mesh. The diamond represents RHB’s clarity of focus towards achieving its vision of being a leading multinational financial services group. The wire links further symbolise our commitment to fostering greater ties with our customers and key stakeholders by placing them ...
... formed with interlocking wire mesh. The diamond represents RHB’s clarity of focus towards achieving its vision of being a leading multinational financial services group. The wire links further symbolise our commitment to fostering greater ties with our customers and key stakeholders by placing them ...
Financial Liberalization and Emerging Stock Market Volatility
... tural changes as given, and then proceed to analyze the behavior of volatility pre and post-change. Aggarwal et al. (1999) follow a different route and, instead of specifying a priori the dates of the breaks, they detect shifts in volatility from the data by using an iterated cumulative sum of squar ...
... tural changes as given, and then proceed to analyze the behavior of volatility pre and post-change. Aggarwal et al. (1999) follow a different route and, instead of specifying a priori the dates of the breaks, they detect shifts in volatility from the data by using an iterated cumulative sum of squar ...
Value Accounts Investment Funds 2016
... should be adapted to particular situations as required. Alternative disclosures, wording and forms of presentation may be used as long as they include the specific disclosures prescribed in the accounting and reporting pronouncements. Please note that the amounts disclosed in this publication are pu ...
... should be adapted to particular situations as required. Alternative disclosures, wording and forms of presentation may be used as long as they include the specific disclosures prescribed in the accounting and reporting pronouncements. Please note that the amounts disclosed in this publication are pu ...
Interacting Limit Order Demand and Supply Curves
... gain information solely from exogenous signals (Harrison and Kreps, 1978), however our propositions survive even if investors gain information by observing market prices (Grossman and Stiglitz, 1980; Hellwig, 1980).7 The important assumption we share with all three of these models is that investors’ ...
... gain information solely from exogenous signals (Harrison and Kreps, 1978), however our propositions survive even if investors gain information by observing market prices (Grossman and Stiglitz, 1980; Hellwig, 1980).7 The important assumption we share with all three of these models is that investors’ ...
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 ...
... 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 ...
Bank Indonesia Jakarta
... Before calculating the risk of a certain position, we need to identify the exposure of the position on a certain day when the risk is calculated. In general, the position consists of spot and forward elements. The identification of exposure for a spot position is straightforward: multiply the accoun ...
... Before calculating the risk of a certain position, we need to identify the exposure of the position on a certain day when the risk is calculated. In general, the position consists of spot and forward elements. The identification of exposure for a spot position is straightforward: multiply the accoun ...
Model financial statements for the year ended 31
... financial statements that comply with IFRSs, the requirements of IAS 27 Separate Financial Statements (as revised in 2011) will apply. Separate statements of profit or loss and other comprehensive income, financial position, changes in equity and cash flows for the parent will generally be required, ...
... financial statements that comply with IFRSs, the requirements of IAS 27 Separate Financial Statements (as revised in 2011) will apply. Separate statements of profit or loss and other comprehensive income, financial position, changes in equity and cash flows for the parent will generally be required, ...