registration of asset-backed securities
... PROSPECTUS: the primary disclosure document(s), by whatever name known, utilized for the purpose of offering and selling ASSET-BACKED SECURITIES to the public. RATING AGENCY: Standard and Poor's Ratings Group, a division of McGraw Hill Company; Moody's Investors Service, Inc.; Fitch Investors Servic ...
... PROSPECTUS: the primary disclosure document(s), by whatever name known, utilized for the purpose of offering and selling ASSET-BACKED SECURITIES to the public. RATING AGENCY: Standard and Poor's Ratings Group, a division of McGraw Hill Company; Moody's Investors Service, Inc.; Fitch Investors Servic ...
Tanguy Dehapiot
... DVA does not belong to the entity but is an asset of the shareholders (the limited liability guarantee is a put option). The entity is compensated for the CVA cost at deal inception, so initial P&L is zero and both counterparties agree the price. The entity has implicitly made a capital distri ...
... DVA does not belong to the entity but is an asset of the shareholders (the limited liability guarantee is a put option). The entity is compensated for the CVA cost at deal inception, so initial P&L is zero and both counterparties agree the price. The entity has implicitly made a capital distri ...
Effect of inflation on investment among insurance
... investment as it erodes the value of investments products. The purpose of the study is to investigate the effect of inflation on investment among insurance companies in Kenya. This study was conducted through the use of a descriptive design. The target population for this study was 46 insurance comp ...
... investment as it erodes the value of investments products. The purpose of the study is to investigate the effect of inflation on investment among insurance companies in Kenya. This study was conducted through the use of a descriptive design. The target population for this study was 46 insurance comp ...
Sample Chapter - McGraw Hill Higher Education
... Scenario Analysis and Probability Distributions When we attempt to quantify risk, we begin with the question: What HPRs are possible, and how likely are they? A good way to approach this question is to devise a list of possible economic outcomes, or scenarios, and specify both the likelihood (proba ...
... Scenario Analysis and Probability Distributions When we attempt to quantify risk, we begin with the question: What HPRs are possible, and how likely are they? A good way to approach this question is to devise a list of possible economic outcomes, or scenarios, and specify both the likelihood (proba ...
INVESTMENT-CASH FLOW SENSITIVITY IN SMALL AND MEDIUM
... internally generated funds. The relationship between investment and cash flow, as a proxy for internally generated funds, is interpreted by Fazzari et al. (1988) and later studies as evidence of the presence of financial constraints. However, Kaplan and Zingales (1997) raised the discussion about in ...
... internally generated funds. The relationship between investment and cash flow, as a proxy for internally generated funds, is interpreted by Fazzari et al. (1988) and later studies as evidence of the presence of financial constraints. However, Kaplan and Zingales (1997) raised the discussion about in ...
2015 Q4 Earnings Release EX991
... Net income per diluted common share for the full year was $3.99, compared to $3.32 in the prior year. Net income for 2015 totaled $973.8 million, up $162.0 million, or 20%, from $811.8 million in 2014. The performance in 2015 generated a return on average common equity of 11.5% compared to 10.0% in ...
... Net income per diluted common share for the full year was $3.99, compared to $3.32 in the prior year. Net income for 2015 totaled $973.8 million, up $162.0 million, or 20%, from $811.8 million in 2014. The performance in 2015 generated a return on average common equity of 11.5% compared to 10.0% in ...
Insurer solvency standards - Reserve Bank of New Zealand
... willingness of reinsurers to remain involved in the New Zealand market, the availability of reinsurance to the levels required, the artificial threshold that solvency standards could potentially set for possible government intervention in ...
... willingness of reinsurers to remain involved in the New Zealand market, the availability of reinsurance to the levels required, the artificial threshold that solvency standards could potentially set for possible government intervention in ...
View Full Article - State Street Global Advisors
... taking the equity’s price and multiplying it by the number of shares readily available in the market. Instead of using all of the active and inactive shares, as with the full-market capitalization method, the freefloat method excludes locked-in shares such as those held by insiders, promoters and go ...
... taking the equity’s price and multiplying it by the number of shares readily available in the market. Instead of using all of the active and inactive shares, as with the full-market capitalization method, the freefloat method excludes locked-in shares such as those held by insiders, promoters and go ...
Limits to arbitrage: bubbles, financial crises, and systemic risk
... Delegated investment Most people do not manage their own investments Shleifer and Vishny (1997): temporary losses may lead to fund outflow, so managers often have to liquidate positions when mispricing is the largest managers are induced to focus on short term gains and often forgo long-term opport ...
... Delegated investment Most people do not manage their own investments Shleifer and Vishny (1997): temporary losses may lead to fund outflow, so managers often have to liquidate positions when mispricing is the largest managers are induced to focus on short term gains and often forgo long-term opport ...
the purchase by a corporation of its own shares of stock.
... stock" used presently in the new Jersey Corporation Act. It is more descriptive and eliminates the confusion that has encircled the term "capital stock". ...
... stock" used presently in the new Jersey Corporation Act. It is more descriptive and eliminates the confusion that has encircled the term "capital stock". ...
The previous regulatory regime was put in place in the
... economics that unregulated capital markets are “efficient” in that security prices always correctly reflect their true risk-return dimensions. The canonical neoclassical models of financial markets, such as the Capital Asset Pricing Model (CAPM) and Options Pricing Theory embody a joint hypothesis: ...
... economics that unregulated capital markets are “efficient” in that security prices always correctly reflect their true risk-return dimensions. The canonical neoclassical models of financial markets, such as the Capital Asset Pricing Model (CAPM) and Options Pricing Theory embody a joint hypothesis: ...
Financial Accounting and Accounting Standards
... Intangible assets are rights, privileges, and competitive advantages that do not possess physical substance. Intangible assets are categorized as having either a limited life or an indefinite life. ...
... Intangible assets are rights, privileges, and competitive advantages that do not possess physical substance. Intangible assets are categorized as having either a limited life or an indefinite life. ...
Agency costs
... There is increasing empirical evidence on the differences in corporate governance among countries. In a series of influential papers La Porta et al. (1997,1998,1999,2002) have argued that the extent of legal protection of outside investors from expropriation of outsider shareholders or managers, is ...
... There is increasing empirical evidence on the differences in corporate governance among countries. In a series of influential papers La Porta et al. (1997,1998,1999,2002) have argued that the extent of legal protection of outside investors from expropriation of outsider shareholders or managers, is ...
Evercore ISI named # 3 in US Equity Research by
... 30 ranked analysts in total. This marks the third year in a row that Evercore ISI has placed in the top 5 firms in the annual survey. On a weighted basis (i.e. higher weighting assigned to a #1 rank and lower weighting assigned for a runner-up rank) Evercore ISI ranked #2 to J.P. Morgan. The 2016 Al ...
... 30 ranked analysts in total. This marks the third year in a row that Evercore ISI has placed in the top 5 firms in the annual survey. On a weighted basis (i.e. higher weighting assigned to a #1 rank and lower weighting assigned for a runner-up rank) Evercore ISI ranked #2 to J.P. Morgan. The 2016 Al ...
NBER WORKING PAPER SERIES TRANSPARENCY AND INTERNATIONAL INVESTOR BEHAVIOR R. Gaston Gelos
... In policy circles, lack of transparency has frequently been blamed for the recent financial crises in emerging markets. For example, the IMF (2001) notes that a “lack of transparency was a feature of the buildup to the Mexican crisis of 1994–95 and of the emerging market crises of 1997–98,” stating ...
... In policy circles, lack of transparency has frequently been blamed for the recent financial crises in emerging markets. For example, the IMF (2001) notes that a “lack of transparency was a feature of the buildup to the Mexican crisis of 1994–95 and of the emerging market crises of 1997–98,” stating ...
Cypress Capital Management, LLC 1 FIRM
... allocations. This use of ETFs is also done in an effort to reduce transaction costs. Exchange Traded Funds may be used in any account at Cypress in order to obtain diversification within a sector of the market. We also may use some international fixed income or equity investment vehicles, including ...
... allocations. This use of ETFs is also done in an effort to reduce transaction costs. Exchange Traded Funds may be used in any account at Cypress in order to obtain diversification within a sector of the market. We also may use some international fixed income or equity investment vehicles, including ...
capital and speculation in emerging market economies
... had broadened, risk was being appropriately priced and future servicing requirements by and large matched repayment capacity. As regards the investor base, the globalisation of markets for emerging market securities has continued to broaden. Latin American securities were increasingly being sold in ...
... had broadened, risk was being appropriately priced and future servicing requirements by and large matched repayment capacity. As regards the investor base, the globalisation of markets for emerging market securities has continued to broaden. Latin American securities were increasingly being sold in ...
FORM 10-Q - Investor Overview
... Financial Condition and Results of Operations”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as “may,” “might,” “will,” “would,” “could,” “should,” “expec ...
... Financial Condition and Results of Operations”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as “may,” “might,” “will,” “would,” “could,” “should,” “expec ...
strategic asset allocation
... • The Role of Strategic Asset Allocation in Relation to Systematic Risk • Strategic asset allocation’s relative importance, compared with security selection and timing, for producing investment results in practice. • Adopting and implementing a strategic asset allocation is an effective way to exerc ...
... • The Role of Strategic Asset Allocation in Relation to Systematic Risk • Strategic asset allocation’s relative importance, compared with security selection and timing, for producing investment results in practice. • Adopting and implementing a strategic asset allocation is an effective way to exerc ...
United Kingdom - G20 Information Centre
... The Bank of England’s August 2016 Inflation Report outlined a pronounced shift in the outlook for UK economic activity. The Bank expects heightened uncertainty to weigh on output and employment as households defer consumption and firms delay investment decisions. There are lower paths for demand, su ...
... The Bank of England’s August 2016 Inflation Report outlined a pronounced shift in the outlook for UK economic activity. The Bank expects heightened uncertainty to weigh on output and employment as households defer consumption and firms delay investment decisions. There are lower paths for demand, su ...
0000355811-15-000053 - Gentex Investor Relations
... provide increased consistency in how fair value determinations are made under various existing accounting standards that permit, or in some cases, require estimates of fair-market value. This standard also expanded financial statement disclosure requirements about a company’s use of fair-value measu ...
... provide increased consistency in how fair value determinations are made under various existing accounting standards that permit, or in some cases, require estimates of fair-market value. This standard also expanded financial statement disclosure requirements about a company’s use of fair-value measu ...
Valuation and Depreciation of Road Infrastructure
... Corporate Governance & Asset Management Corporate Governance • everything you do in order to achieve your objectives – Corporate Structure – Polices and Procedures – Risk Management – Leadership / Tone at the Top ...
... Corporate Governance & Asset Management Corporate Governance • everything you do in order to achieve your objectives – Corporate Structure – Polices and Procedures – Risk Management – Leadership / Tone at the Top ...
Financing Sustainability - (V2G) Conference, Amsterdam May 2017
... instance the McKinsey abatement cost curve, provide interesting insights but have an important drawback: differences in risk between technologies are not taken into account. Therefore, neither approach fully reflects the investment case faced by decision-makers. Simply focusing on the actual risk-ad ...
... instance the McKinsey abatement cost curve, provide interesting insights but have an important drawback: differences in risk between technologies are not taken into account. Therefore, neither approach fully reflects the investment case faced by decision-makers. Simply focusing on the actual risk-ad ...
PDF
... the elasticities approach to the current account, under which the determinants of international expenditure levels and incomes are held fixed in the background while static price elasticities of demand and supply determine the net international flow of capital. As intermediate macroeconomics texts d ...
... the elasticities approach to the current account, under which the determinants of international expenditure levels and incomes are held fixed in the background while static price elasticities of demand and supply determine the net international flow of capital. As intermediate macroeconomics texts d ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.