Towards triple-A policies: More renewable energy at lower cost
... money to that country at comparably low interest rates because they have a high certainty that their loan will be paid back. Likewise many investors prefer such politically, legally and economically stable countries and will, due to the lower risk, accept moderate returns for their investment in the ...
... money to that country at comparably low interest rates because they have a high certainty that their loan will be paid back. Likewise many investors prefer such politically, legally and economically stable countries and will, due to the lower risk, accept moderate returns for their investment in the ...
COM0601 Corporate securities trading policy
... This restriction is limited to arrangements properly described as margin lending arrangements and does not extend to other types of loan arrangements or instruments which may be secured by a security interest granted in respect of SCP Units. Designated Persons may enter into or acquire such other ty ...
... This restriction is limited to arrangements properly described as margin lending arrangements and does not extend to other types of loan arrangements or instruments which may be secured by a security interest granted in respect of SCP Units. Designated Persons may enter into or acquire such other ty ...
Franchise Value and Firm Profitability: The Case of the Property
... These results are consistent with our expectation and the findings in Chan, Lakonishok, and Sougiannis (2001) where industrial firms with high franchise value outperform those with low franchise value in terms of future stock performance. Next we use regression analysis to allow controls for a range ...
... These results are consistent with our expectation and the findings in Chan, Lakonishok, and Sougiannis (2001) where industrial firms with high franchise value outperform those with low franchise value in terms of future stock performance. Next we use regression analysis to allow controls for a range ...
solvency and financial condition report for the year ended 31
... ii. Insurance and intermediaries receivables reduce by c€8.3m on a Solvency II basis which is due to the valuation of premiums receivable relating to the unearned premium reserve (“UPR”) in the Statutory Accounts being included within technical provisions on the liability side of the balance sheet o ...
... ii. Insurance and intermediaries receivables reduce by c€8.3m on a Solvency II basis which is due to the valuation of premiums receivable relating to the unearned premium reserve (“UPR”) in the Statutory Accounts being included within technical provisions on the liability side of the balance sheet o ...
Catastrophe Insurance Products in Markov Jump Diffusion Models
... insurance protection. The first successful CAT bond was issued in 1997 by Swiss Re. In 1999 the first CAT bond by a non-financial firm was issued to cover earthquake losses for in the Tokyo region for Oriental Land Company Ltd. Guy Carpenter & Company show that the CAT bond market recorded total is ...
... insurance protection. The first successful CAT bond was issued in 1997 by Swiss Re. In 1999 the first CAT bond by a non-financial firm was issued to cover earthquake losses for in the Tokyo region for Oriental Land Company Ltd. Guy Carpenter & Company show that the CAT bond market recorded total is ...
Opaque Financial Reporting due to Unemployment Concerns
... results and robustness tests. Section five concludes. ...
... results and robustness tests. Section five concludes. ...
Important Information about Certificates of Deposit
... Important Information about Certificates of Deposit, continued. amount not exceeding the accrued discount, unless the owner elects to report such discount income as it accrues on all market discount obligations acquired in such taxable year and thereafter. Interest-bearing CDs with a maturity of mo ...
... Important Information about Certificates of Deposit, continued. amount not exceeding the accrued discount, unless the owner elects to report such discount income as it accrues on all market discount obligations acquired in such taxable year and thereafter. Interest-bearing CDs with a maturity of mo ...
Macro-prudential policy for residential mortgage lending (CP87
... falling by reducing the losses in the event of a default”, we believe that there are other more effective ways of achieving this same outcome which do not create the same socio-economic problems that a hard LTV limit does. The use of mortgage insurance removes the high LTV risk from the lenders bala ...
... falling by reducing the losses in the event of a default”, we believe that there are other more effective ways of achieving this same outcome which do not create the same socio-economic problems that a hard LTV limit does. The use of mortgage insurance removes the high LTV risk from the lenders bala ...
Does Dividend Policy Enhance Shareholder Value?
... business activities in each period, they can either invest it in the business, or build up cash holdings.10 In the latter case, managers enjoy considerable discretion, and may not necessarily try to maximize shareholder value. It may use the cash to serve other stakeholders, particularly itself. The ...
... business activities in each period, they can either invest it in the business, or build up cash holdings.10 In the latter case, managers enjoy considerable discretion, and may not necessarily try to maximize shareholder value. It may use the cash to serve other stakeholders, particularly itself. The ...
lincoln national corporation
... majority-owned subsidiaries. Through subsidiary companies, LNC operates multiple insurance and investment management businesses. The collective group of companies uses "Lincoln Financial Group" as its marketing identity. Operations are divided into four business segments. Less than majority-owned en ...
... majority-owned subsidiaries. Through subsidiary companies, LNC operates multiple insurance and investment management businesses. The collective group of companies uses "Lincoln Financial Group" as its marketing identity. Operations are divided into four business segments. Less than majority-owned en ...
notes to the financial statements
... amendments thereto; developing guidelines on staffing skills and qualifications required; and reviewing appraisals for key management personnel. The committee held three meetings during the year and all members attended. Apart from the Managing Director, no other Director or body related to a Direct ...
... amendments thereto; developing guidelines on staffing skills and qualifications required; and reviewing appraisals for key management personnel. The committee held three meetings during the year and all members attended. Apart from the Managing Director, no other Director or body related to a Direct ...
the relationship between transaction costs of external financing and
... to influence dividend payout ratio are the firm’s requirements for investment purposes and firm’s debt financing. Fama then posited that the attempt to reduce transaction costs would result in dividends having to compete with investment for internally generated funds. Building on Higgins’s and Fama ...
... to influence dividend payout ratio are the firm’s requirements for investment purposes and firm’s debt financing. Fama then posited that the attempt to reduce transaction costs would result in dividends having to compete with investment for internally generated funds. Building on Higgins’s and Fama ...
structured life insurance and investment products for retail investors
... of great importance. Therefore, this chapter also motivates the two following chapters. Chapter 3 answers the question which structured life insurance product is indeed optimal for an retail investor. In particular, Chapter 3 considers structured life insurance contracts where the benefits of the in ...
... of great importance. Therefore, this chapter also motivates the two following chapters. Chapter 3 answers the question which structured life insurance product is indeed optimal for an retail investor. In particular, Chapter 3 considers structured life insurance contracts where the benefits of the in ...
Tracy Cohen∗ More commonly known as the Basic
... necessary to resolve this tension as neither the domestic or international policy frameworks on their own will produce the goals and ideals espoused by GATS or domestic government's liberalization policies.3 Rather, it is asserted that in the nexus of domestic development and international trade lie ...
... necessary to resolve this tension as neither the domestic or international policy frameworks on their own will produce the goals and ideals espoused by GATS or domestic government's liberalization policies.3 Rather, it is asserted that in the nexus of domestic development and international trade lie ...
AUSTRALIAN CAPITAL TERRITORY INSURANCE AUTHORITY
... • to take out insurance of Territory risks with other entities; • to satisfy or settle claims in relation to Territory risks (including claims that may not necessarily be valid in law); • with the Treasurer’s approval take action, for the realising, enforcing, assigning or extinguishing rights ag ...
... • to take out insurance of Territory risks with other entities; • to satisfy or settle claims in relation to Territory risks (including claims that may not necessarily be valid in law); • with the Treasurer’s approval take action, for the realising, enforcing, assigning or extinguishing rights ag ...
Client Authorisation Flatform (MS Word)
... affecting land or an interest in land until the notice lapses or is withdrawn, removed or cancelled. Publish means, for any information, to publish the information on the Registrar’s website. Registrar has the meaning given to it in the ECNL. Registry Instrument has the meaning given to it in the EC ...
... affecting land or an interest in land until the notice lapses or is withdrawn, removed or cancelled. Publish means, for any information, to publish the information on the Registrar’s website. Registrar has the meaning given to it in the ECNL. Registry Instrument has the meaning given to it in the EC ...
Securities Processing: The Effects of a T+3 System on Security Prices
... This study investigates payment delays and failed deliveries in the processing of U.S. equity transactions.1 In the current institutional framework, when two parties enter into a trade today, called day T, the transaction settles in three business days, on T+3, under normal circumstances. Cash and s ...
... This study investigates payment delays and failed deliveries in the processing of U.S. equity transactions.1 In the current institutional framework, when two parties enter into a trade today, called day T, the transaction settles in three business days, on T+3, under normal circumstances. Cash and s ...
IFRS 17 Insurance Contracts
... Some stakeholders requested additional guidance on how to determine the rates used to discount long‑term obligations over periods of time in which there are few or no observable market interest rates. ...
... Some stakeholders requested additional guidance on how to determine the rates used to discount long‑term obligations over periods of time in which there are few or no observable market interest rates. ...
(2005). “Deposit insurance and financial crises: Investigation
... portfolios. In times of crises it is common that explicit guarantees are extended to other creditors as well (blanket guarantees) by governments fearing interbank contagion through, for example, settlement systems. Explicit depositor protection can also serve a consumer protection purpose, and gover ...
... portfolios. In times of crises it is common that explicit guarantees are extended to other creditors as well (blanket guarantees) by governments fearing interbank contagion through, for example, settlement systems. Explicit depositor protection can also serve a consumer protection purpose, and gover ...
ASPEN INSURANCE HOLDINGS LTD (Form: 8-K
... Some of the statements in Exhibit 99.3 include forward-looking statements which reflect Aspen’s current views with respect to future events and financial performance. Such statements may include forward-looking statements both with respect to Aspen in general and the insurance and reinsurance sector ...
... Some of the statements in Exhibit 99.3 include forward-looking statements which reflect Aspen’s current views with respect to future events and financial performance. Such statements may include forward-looking statements both with respect to Aspen in general and the insurance and reinsurance sector ...
Separate Account Guidance - National Association of Insurance
... Rule 0-1 (e) (2) under the 1940 Act provides that, as a condition to the availability of certain exemptions, a separate account "shall be legally segregated, the assets of the separate account shall, at the time during the year that adjustments in the reserves are made, have a value at least equal ...
... Rule 0-1 (e) (2) under the 1940 Act provides that, as a condition to the availability of certain exemptions, a separate account "shall be legally segregated, the assets of the separate account shall, at the time during the year that adjustments in the reserves are made, have a value at least equal ...
Financial Optimization Problems in Life and Pension Insurance
... they manage their policies? How should the systematic surplus that typically emerges over the policy terms (due to the prudent assessment of future interest rates) be redistributed to the policyholder(s)? What criteria should be imposed to ensure that policies are fair ? What happens if the actual y ...
... they manage their policies? How should the systematic surplus that typically emerges over the policy terms (due to the prudent assessment of future interest rates) be redistributed to the policyholder(s)? What criteria should be imposed to ensure that policies are fair ? What happens if the actual y ...
Impact Assessment (IA)
... Allowance (JSA), Employment Support Allowance (ESA), Pension Credit (PC) or Universal Credit (UC). Those of working age will be offered a loan after they have served a 39 week qualifying period. The amount of loan available will be calculated by applying a standard interest rate to the amount of cap ...
... Allowance (JSA), Employment Support Allowance (ESA), Pension Credit (PC) or Universal Credit (UC). Those of working age will be offered a loan after they have served a 39 week qualifying period. The amount of loan available will be calculated by applying a standard interest rate to the amount of cap ...
Working Paper No. 510 Institutional investor
... limited to asset stocks and do not provide evidence on net investment flows. To model the behaviour of pension funds, we use confidential data provided in anonymised form by the Pension Protection Fund (PPF). These data cover a large range of funds but are only available over a short time period (f ...
... limited to asset stocks and do not provide evidence on net investment flows. To model the behaviour of pension funds, we use confidential data provided in anonymised form by the Pension Protection Fund (PPF). These data cover a large range of funds but are only available over a short time period (f ...
Chapter 7: Quantitative vs. Credit Easing
... the determination of optimal mon. policy is the same as in Chapter 2, the implementation of monetary policy is the same as in Chapter 3. The only differences are that the reduced-form coefficients are different: (κ, λ, σ ) 6= (κ, λ, σ ), the exogenous shocks now have financial components. ...
... the determination of optimal mon. policy is the same as in Chapter 2, the implementation of monetary policy is the same as in Chapter 3. The only differences are that the reduced-form coefficients are different: (κ, λ, σ ) 6= (κ, λ, σ ), the exogenous shocks now have financial components. ...