Financial facts - Great West Life
... • The dividend scale interest rate is used to calculate the investment component of participating policyowner dividends and is based on the return on the assets backing participating account liabilities. It does not include the return on assets backing the participating account surplus. • The divi ...
... • The dividend scale interest rate is used to calculate the investment component of participating policyowner dividends and is based on the return on the assets backing participating account liabilities. It does not include the return on assets backing the participating account surplus. • The divi ...
Essays on international capital flows and macroeconomic stability
... saving. We estimate the time varying effects of risk on portfolio flows to South Africa, we estimate the transmission of portfolio flows to credit, and lastly we incorporate our empirical findings in a two-country DSGE model with portfolio flows and risk constrained financial intermediaries. Risk an ...
... saving. We estimate the time varying effects of risk on portfolio flows to South Africa, we estimate the transmission of portfolio flows to credit, and lastly we incorporate our empirical findings in a two-country DSGE model with portfolio flows and risk constrained financial intermediaries. Risk an ...
NBER WORKING PAPER SERIES INTERNATIONAL CONSUMPTION RISK IS SHARED AFTER ALL:
... for asset returns although these returns incorporate direct market measures of risk. In this paper, we modify a canonical risk-sharing model to generate more plausible asset return behavior and then consider the effects on welfare gains. Matching the mean and variance of equity returns and the risk- ...
... for asset returns although these returns incorporate direct market measures of risk. In this paper, we modify a canonical risk-sharing model to generate more plausible asset return behavior and then consider the effects on welfare gains. Matching the mean and variance of equity returns and the risk- ...
When uncertainty blows in the orchard comovement and equilibrium
... pessimist in bad states is larger. Third, the model provides an economic rationale for the existence of an endogenous correlation risk premium, which drives the spread between the index and the single-stock volatility risk premia, due to the (endogenous) stochastic stock return correlation generated ...
... pessimist in bad states is larger. Third, the model provides an economic rationale for the existence of an endogenous correlation risk premium, which drives the spread between the index and the single-stock volatility risk premia, due to the (endogenous) stochastic stock return correlation generated ...
Opinnäytetyön mallipohja
... suggestions for it, where the case company is an example of a company without continuity plan; but the collected information does give an impression of the existing difficulties and the solution afterwards. ...
... suggestions for it, where the case company is an example of a company without continuity plan; but the collected information does give an impression of the existing difficulties and the solution afterwards. ...
A Toolkit for Addressing Difficulties in Accessing
... “comparables”). It is important to emphasise that comparability analyses are not always primarily focused on the actual price of the transaction. In many instances, transfer pricing rules operate to consider whether a transaction has occurred at all, or has occurred in a way that is substantively di ...
... “comparables”). It is important to emphasise that comparability analyses are not always primarily focused on the actual price of the transaction. In many instances, transfer pricing rules operate to consider whether a transaction has occurred at all, or has occurred in a way that is substantively di ...
Funding Liquidity, Market Liquidity and the Cross-Section
... rates (TED spread). Estimates of the price of risk decrease slightly but remain significant when funding risk is combined with other liquidity proxies (these proxies typically become insignificant). This is not due to the correlation between shocks in the time series—these correlations are very low ...
... rates (TED spread). Estimates of the price of risk decrease slightly but remain significant when funding risk is combined with other liquidity proxies (these proxies typically become insignificant). This is not due to the correlation between shocks in the time series—these correlations are very low ...
WHEDA Advantage Policies and Procedures Manual
... 10.07 Collecting Payments from the Borrower (04/01/14) ................................................................. 62 10.08 Reimbursement if the Borrower Pays Ahead (04/01/14)........................................................... 62 10.09 Documentation Evidencing Completion of Repairs (05 ...
... 10.07 Collecting Payments from the Borrower (04/01/14) ................................................................. 62 10.08 Reimbursement if the Borrower Pays Ahead (04/01/14)........................................................... 62 10.09 Documentation Evidencing Completion of Repairs (05 ...
WESTPAC BANKING CORP (Form: 6-K, Received
... management involves taking an integrated approach to risk and reward, and enables us to both increase financial growth opportunities and mitigate potential loss or damage. We adopt a Three Lines of Defence approach to risk management (see page 11) which reflects our culture of ‘risk is everyone’s bu ...
... management involves taking an integrated approach to risk and reward, and enables us to both increase financial growth opportunities and mitigate potential loss or damage. We adopt a Three Lines of Defence approach to risk management (see page 11) which reflects our culture of ‘risk is everyone’s bu ...
The Unintended Consequences of Banning Derivatives in Asset Management Alessandro Beber, Cass Business School Christophe Pérignon, HEC Paris
... variable. Popular types of derivatives include forwards, futures, options, warrants, swaps, credit derivatives, and structured products. These different types of derivatives are written on, respectively, interest rates, exchange rates, equity prices, defaults of debt issuers, etc. A growing numbe ...
... variable. Popular types of derivatives include forwards, futures, options, warrants, swaps, credit derivatives, and structured products. These different types of derivatives are written on, respectively, interest rates, exchange rates, equity prices, defaults of debt issuers, etc. A growing numbe ...
Canada Deposit Insurance Corporation
... on CDIC’s mandate in 1985, and the Estey Inquiry in 1986, which examined the failures of the Canadian Commercial Bank and Northland Bank. Both reports recommended major revisions to CDIC’s mandate. The new mandate, enacted in 1987, kept CDIC’s earlier role as paying agent and “work out” agent—overse ...
... on CDIC’s mandate in 1985, and the Estey Inquiry in 1986, which examined the failures of the Canadian Commercial Bank and Northland Bank. Both reports recommended major revisions to CDIC’s mandate. The new mandate, enacted in 1987, kept CDIC’s earlier role as paying agent and “work out” agent—overse ...
Measuring Securities Litigation Risk
... previous research such as Johnson, Kasznik, and Nelson (2000), Brown, Hillegeist, and Lo (2005), and Rogers and Stocken (2005), although a number of these variables are new and increase the predictive ability of the models significantly. Finally, we find that a variable that captures whether a firm ...
... previous research such as Johnson, Kasznik, and Nelson (2000), Brown, Hillegeist, and Lo (2005), and Rogers and Stocken (2005), although a number of these variables are new and increase the predictive ability of the models significantly. Finally, we find that a variable that captures whether a firm ...
The Dark Side of Universal Banking: Financial Conglomerates and
... securities and other financial instruments to investors. LCFIs used the OTD strategy to maximize their fee income, reduce their capital charges, and transfer to investors the risks associated with securitized loans. Securitization enabled LCFIs to extend huge volumes of home mortgages and credit car ...
... securities and other financial instruments to investors. LCFIs used the OTD strategy to maximize their fee income, reduce their capital charges, and transfer to investors the risks associated with securitized loans. Securitization enabled LCFIs to extend huge volumes of home mortgages and credit car ...
Credit Risk Credit Risk Management System Management System
... Credit risk is the risk that a financial institution will incur losses because the financial position of a borrower has deteriorated to the point that the value of an asset (including off-balance-sheet assets) is reduced or extinguished. Among credit risks, the risk that the financial institution wi ...
... Credit risk is the risk that a financial institution will incur losses because the financial position of a borrower has deteriorated to the point that the value of an asset (including off-balance-sheet assets) is reduced or extinguished. Among credit risks, the risk that the financial institution wi ...
Risk analysis of the proxy life-cycle investments in the second pillar
... to approximate the true life-cycle investment model with the proxy model, as far as possible, in practice there are only three to five pension funds of various risk categories. Depending on the number of funds, for a member it is necessary to define the moment of the automatic switch to a lower risk ...
... to approximate the true life-cycle investment model with the proxy model, as far as possible, in practice there are only three to five pension funds of various risk categories. Depending on the number of funds, for a member it is necessary to define the moment of the automatic switch to a lower risk ...
More Finance Questions
... ____ 23. Historically the return on stocks has been higher than the return on bonds. In part this reflects the higher risk from holding stock. ____ 24. Risk-averse persons will take no risks. ____ 25. The market for insurance is one example of reducing risk by using diversification. ____ 26. A perso ...
... ____ 23. Historically the return on stocks has been higher than the return on bonds. In part this reflects the higher risk from holding stock. ____ 24. Risk-averse persons will take no risks. ____ 25. The market for insurance is one example of reducing risk by using diversification. ____ 26. A perso ...
optimal capital structure
... with issues regarding the leverage ratios. These leverage ratios have been analyzed in all kinds of ways, where most studies have explained observed patterns. Our research will also deal with leverage ratios but in an entirely new way. Our problem concerns the practical matter of deciding an appropr ...
... with issues regarding the leverage ratios. These leverage ratios have been analyzed in all kinds of ways, where most studies have explained observed patterns. Our research will also deal with leverage ratios but in an entirely new way. Our problem concerns the practical matter of deciding an appropr ...
emerald capital designated activity company series prospectus
... Series Prospectus. Owing to the structured nature of the Notes, their price may be more volatile than that of unstructured securities. Investors Each prospective investor in the Notes should have sufficient financial resources and liquidity to bear all of the risks of an investment in the Notes, inc ...
... Series Prospectus. Owing to the structured nature of the Notes, their price may be more volatile than that of unstructured securities. Investors Each prospective investor in the Notes should have sufficient financial resources and liquidity to bear all of the risks of an investment in the Notes, inc ...
2016 Stress Tests of the Bulgarian Insurance Sectorpdf / 1.02 MB
... insurance market. To assess the resilience of the insurance industry to the most prominent and prevalent risks, FSC launched a Stress Test exercise with reference date the 30th of June 2016. EY has been engaged by the FSC as the independent external consultant responsible for organizing and performi ...
... insurance market. To assess the resilience of the insurance industry to the most prominent and prevalent risks, FSC launched a Stress Test exercise with reference date the 30th of June 2016. EY has been engaged by the FSC as the independent external consultant responsible for organizing and performi ...
interest rates - EESC European Economic and Social Committee
... ECB, neither the European Central Bank, nor a national central bank, nor any member of their decision-making bodies shall seek or take instructions from Union institutions, bodies, offices or agencies, from any government of a Member State or from any other body. The Union institutions, bodies, offi ...
... ECB, neither the European Central Bank, nor a national central bank, nor any member of their decision-making bodies shall seek or take instructions from Union institutions, bodies, offices or agencies, from any government of a Member State or from any other body. The Union institutions, bodies, offi ...
Introduction to Credit Risk Modeling, An
... We therefore recommend that the reader consult some standard text on this topic before going through the material presented in this book. Nevertheless we tried to keep it as self-contained as possible. Summarizing our motivation for writing an introductory text on credit risk management one could sa ...
... We therefore recommend that the reader consult some standard text on this topic before going through the material presented in this book. Nevertheless we tried to keep it as self-contained as possible. Summarizing our motivation for writing an introductory text on credit risk management one could sa ...
On Path–dependency of Constant Proportion Portfolio
... (1971) problem, for an investor with hyperbolic absolute risk aversion (HARA) utility function. That is, CPPIs were proposed as possible solutions to a very concrete mathematical problem, under extreme assumptions, not only on the risky asset dynamics, but also on the way investors make decisions. F ...
... (1971) problem, for an investor with hyperbolic absolute risk aversion (HARA) utility function. That is, CPPIs were proposed as possible solutions to a very concrete mathematical problem, under extreme assumptions, not only on the risky asset dynamics, but also on the way investors make decisions. F ...
PDF Basics of Fannie Mae Single
... timely payment of principal and interest to the investor, whether or not there is sufficient cash flow from the underlying group of mortgages. Fannie Mae’s obligation under this guaranty is solely Fannie Mae’s and is not backed by the full faith and credit of the U.S. government. In general, mortga ...
... timely payment of principal and interest to the investor, whether or not there is sufficient cash flow from the underlying group of mortgages. Fannie Mae’s obligation under this guaranty is solely Fannie Mae’s and is not backed by the full faith and credit of the U.S. government. In general, mortga ...
Advance America Compared to All Other
... Many banks now offer overdraft services in which the bank will cover a withdrawal exceeding the account balance for a charge, usually around twenty-five dollars. Depending on the amount of the overdraft, this option may be cheaper or more expensive than a payday loan. If the payday lender charges fi ...
... Many banks now offer overdraft services in which the bank will cover a withdrawal exceeding the account balance for a charge, usually around twenty-five dollars. Depending on the amount of the overdraft, this option may be cheaper or more expensive than a payday loan. If the payday lender charges fi ...