Rethinking the Role of Recourse in the Sale of Financial Assets
... 8. A two-tier structure is a way of resolving the conflict between the high recourse level, or overcollateralization, desired by investors and the economic goal that excess collections be returned to the seller: If the originator is not investment grade, a sale for bankruptcy purposes will be requir ...
... 8. A two-tier structure is a way of resolving the conflict between the high recourse level, or overcollateralization, desired by investors and the economic goal that excess collections be returned to the seller: If the originator is not investment grade, a sale for bankruptcy purposes will be requir ...
securities regulations
... that investors are informed (disclosure) and regulating the conduct of securities market participants (including brokers, dealer, advisors, underwriters, portfolio mngrs.) Investor confidence and market efficiency are mutually reinforcing: Foster capital markets that are efficient and that warrant ...
... that investors are informed (disclosure) and regulating the conduct of securities market participants (including brokers, dealer, advisors, underwriters, portfolio mngrs.) Investor confidence and market efficiency are mutually reinforcing: Foster capital markets that are efficient and that warrant ...
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 ...
... 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 ...
Effect of Dividend Policies on Firm Value
... The dividend irrelevance theory by Miller and Modigliani (1961)[18] is based on the premise that a firms dividend policy is independent of the value of the share price and that the dividend decision is a passive residual. They are of the view that the value of the firm is determined by its investmen ...
... The dividend irrelevance theory by Miller and Modigliani (1961)[18] is based on the premise that a firms dividend policy is independent of the value of the share price and that the dividend decision is a passive residual. They are of the view that the value of the firm is determined by its investmen ...
BARRICK GOLD CORP (Form: 6-K, Received: 02/14
... result, Porgera’s estimated mine life has decreased from 13 years to nine years. Lower gold price assumptions and the impact of sustained inflationary pressures on operating and capital costs led to a reduction of reserves and life-of-mine production at the Veladero mine in Argentina, resulting in a ...
... result, Porgera’s estimated mine life has decreased from 13 years to nine years. Lower gold price assumptions and the impact of sustained inflationary pressures on operating and capital costs led to a reduction of reserves and life-of-mine production at the Veladero mine in Argentina, resulting in a ...
Essentials of Financial Risk Management
... analysis. The first part of the process involves identifying and prioritizing the financial risks facing an organization and understanding their relevance. It may be necessary to examine the organization and its products, management, customers, suppliers, competitors, pricing, industry trends, balan ...
... analysis. The first part of the process involves identifying and prioritizing the financial risks facing an organization and understanding their relevance. It may be necessary to examine the organization and its products, management, customers, suppliers, competitors, pricing, industry trends, balan ...
Balance of Payments Manual
... and comprehensive balance of payments statistics based on an appropriate and analytically oriented methodology are an indispensable tool for economic analysis and policy making. Indeed, with the growing interdependence of the world’s economies, the need for such statistics—which reflects in part the ...
... and comprehensive balance of payments statistics based on an appropriate and analytically oriented methodology are an indispensable tool for economic analysis and policy making. Indeed, with the growing interdependence of the world’s economies, the need for such statistics—which reflects in part the ...
Phillips 66 - cloudfront.net
... DCP Midstream, LLC, including DCP Midstream, LP (formerly named DCP Midstream Partners, LP), the master limited partnership formed by DCP Midstream, LLC. This Annual Report on Form 10-K contains forward-looking statements including, without limitation, statements relating to our plans, strategies, o ...
... DCP Midstream, LLC, including DCP Midstream, LP (formerly named DCP Midstream Partners, LP), the master limited partnership formed by DCP Midstream, LLC. This Annual Report on Form 10-K contains forward-looking statements including, without limitation, statements relating to our plans, strategies, o ...
Form 10-Q - Wells Fargo
... intangible assets (including goodwill and intangible assets associated with certain of our nonmarketable equity investments but excluding mortgage servicing rights), net of applicable deferred taxes. The methodology of determining tangible common equity may differ among companies. Management believe ...
... intangible assets (including goodwill and intangible assets associated with certain of our nonmarketable equity investments but excluding mortgage servicing rights), net of applicable deferred taxes. The methodology of determining tangible common equity may differ among companies. Management believe ...
NBER WORKING PAPER SERIES RISK SHIFTING VERSUS RISK MANAGEMENT:
... constrained firms can lead to bankruptcy (Smith and Stulz (1985)) or to the inability to take profitable investment projects in the future (Mayers and Smith (1987), Froot, Scharfstein, and Stein (1993)). In contrast, the theory of asset substitution (Jensen and Meckling (1976)) suggests that manager ...
... constrained firms can lead to bankruptcy (Smith and Stulz (1985)) or to the inability to take profitable investment projects in the future (Mayers and Smith (1987), Froot, Scharfstein, and Stein (1993)). In contrast, the theory of asset substitution (Jensen and Meckling (1976)) suggests that manager ...
Interest Rate Derivatives – Fixed Income Trading Strategies
... The previous equation can also be interpreted in the sense that the present value of the bond equals the sum of the individual present values, thus all coupon payments and the repayment of the nominal value. This model can only be applied for several periods under the assumption of a constant intere ...
... The previous equation can also be interpreted in the sense that the present value of the bond equals the sum of the individual present values, thus all coupon payments and the repayment of the nominal value. This model can only be applied for several periods under the assumption of a constant intere ...
2014 IBM Annual Report 2 0 14 IB M A n n u a l R e p o rt
... This letter includes selected references to certain non-GAAP financial measures that are made to facilitate a comparative view of the company’s ongoing operational performance. This letter also includes certain historical information on strategic imperatives revenue which has been measured on a cons ...
... This letter includes selected references to certain non-GAAP financial measures that are made to facilitate a comparative view of the company’s ongoing operational performance. This letter also includes certain historical information on strategic imperatives revenue which has been measured on a cons ...
Capital structure and volatility of risk
... In this paper we show that the volatility of risk is an important factor in explaining capital structure choices of firms. This effect is over and above the traditional determinants of capital structure such as the current level of risk, size, market-to-book ratio, tangibility of assets and profitab ...
... In this paper we show that the volatility of risk is an important factor in explaining capital structure choices of firms. This effect is over and above the traditional determinants of capital structure such as the current level of risk, size, market-to-book ratio, tangibility of assets and profitab ...
Atresmedia Corporación de Medios de Comunicación, S.A. (formerly
... financial statements and evaluation of whether their presentation, the accounting principles and policies applied and the estimates made comply with the applicable regulatory financial reporting framework. In our opinion, the accompanying financial statements for 2013 present fairly, in all material ...
... financial statements and evaluation of whether their presentation, the accounting principles and policies applied and the estimates made comply with the applicable regulatory financial reporting framework. In our opinion, the accompanying financial statements for 2013 present fairly, in all material ...
ACCOUNTING FOR MANAGERIAL DECISIONS 2023 UNIVERSITY OF CALICUT
... etc. The organizational status or position of a management accountant varies from concern to concern. His position in the organization determines his function as line function of staff function. If he participates in planning and execution of policies, he is equal to other functional managers and hi ...
... etc. The organizational status or position of a management accountant varies from concern to concern. His position in the organization determines his function as line function of staff function. If he participates in planning and execution of policies, he is equal to other functional managers and hi ...