standards for the use of eu securities settlement systems in escb
... issuer or a direct link with an SSS which has this relationship. Where use is made of a depository, the SSS which has a direct link with the depository of the global or individual certificates shall be regarded as having a direct and unique relationship with the issuer, provided that there are adequ ...
... issuer or a direct link with an SSS which has this relationship. Where use is made of a depository, the SSS which has a direct link with the depository of the global or individual certificates shall be regarded as having a direct and unique relationship with the issuer, provided that there are adequ ...
Three Types of Accounting Policies Reflected in Financial
... The first set of accounting policy aims to minimize costs. In this regard, taking into account: - Inclusion of formation expenses on intangible assets, in which case the company may immobilize expenses and as a result of this choice recovery will be made through depreciation, the depreciation period ...
... The first set of accounting policy aims to minimize costs. In this regard, taking into account: - Inclusion of formation expenses on intangible assets, in which case the company may immobilize expenses and as a result of this choice recovery will be made through depreciation, the depreciation period ...
NBER WORKING PAPERS SERIES TRADE REFORMS, CREDIBILITY, AND DEVELOPMENT
... Economics, organized by Edniar Bacha and Sebastian Edwards, under the auspices of the National Bureau of Economic Research and the Pontificia Universidade Catolica do Rio de Janeiro. I would like to thank Carsten Kowalczyk and Nancy P. Marion for very useful comments. This paper is part of NBER's re ...
... Economics, organized by Edniar Bacha and Sebastian Edwards, under the auspices of the National Bureau of Economic Research and the Pontificia Universidade Catolica do Rio de Janeiro. I would like to thank Carsten Kowalczyk and Nancy P. Marion for very useful comments. This paper is part of NBER's re ...
View MDA - Till Capital
... properties. Pursuant to the Reorganization Plan, AMB contributed the NTR shares and the royalty interests to Till, and as a result Till holds 54% of the outstanding shares of NTR. Northern Tiger issued 2,414,774 common shares, as well as the grant of a royalty interest in each of the properties held ...
... properties. Pursuant to the Reorganization Plan, AMB contributed the NTR shares and the royalty interests to Till, and as a result Till holds 54% of the outstanding shares of NTR. Northern Tiger issued 2,414,774 common shares, as well as the grant of a royalty interest in each of the properties held ...
Determinants of Microinsurance Demand: Evidence from a Micro
... PURPOSE OF THE STUDY The objective of this research is to identify and evaluate socio-economic determinants of micro life insurance demand in Indonesia. The study is motivated by the fact that, while microinsurance is considered to facilitate poverty alleviation and economic development in emerging ...
... PURPOSE OF THE STUDY The objective of this research is to identify and evaluate socio-economic determinants of micro life insurance demand in Indonesia. The study is motivated by the fact that, while microinsurance is considered to facilitate poverty alleviation and economic development in emerging ...
Premium Margins and Managing the - mynl.com
... too much risk relative to the return it is offering. In this case the branch either needs to decrease the risk, increase the premium (to decrease the combined ratio), or a combination of the two. If increasing the premium to the indicated level is not possible in the market then cat modeling softwar ...
... too much risk relative to the return it is offering. In this case the branch either needs to decrease the risk, increase the premium (to decrease the combined ratio), or a combination of the two. If increasing the premium to the indicated level is not possible in the market then cat modeling softwar ...
Report Providing an Assessment of the Current State
... 1. Wind Pools. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Box 4: Fair Access to Insurance Requirements (FAIR) Plans. . . . . . . . . . . . . . . . . . . . . . 22 2. Florida Citizens Property Insurance Corporation . . . . . ...
... 1. Wind Pools. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Box 4: Fair Access to Insurance Requirements (FAIR) Plans. . . . . . . . . . . . . . . . . . . . . . 22 2. Florida Citizens Property Insurance Corporation . . . . . ...
NBER WORKING PAPER SERIES U.S. INTERNATIONAL TRADE POLICIES Working Paper No. 1228
... crowd in fuels imports and investment income and crowd out agricultural goods into world markets? As the text reveals, my own tendency is to answer the first question, "yes, strongly," and the second, "maybe, but not dominantly." Less casual empirical work could test these causal linkages, and assig ...
... crowd in fuels imports and investment income and crowd out agricultural goods into world markets? As the text reveals, my own tendency is to answer the first question, "yes, strongly," and the second, "maybe, but not dominantly." Less casual empirical work could test these causal linkages, and assig ...
Risk Management by Insurers: An Analysis of the Process
... outcomes by reference to Myers’ [1977] debt overhang argument. In their model, external financing is more costly than internally generated funds due to any number of capital market imperfections. These may include discrete transaction costs to obtain external financing, imperfect information as to t ...
... outcomes by reference to Myers’ [1977] debt overhang argument. In their model, external financing is more costly than internally generated funds due to any number of capital market imperfections. These may include discrete transaction costs to obtain external financing, imperfect information as to t ...
Financial facts - Great West Life
... The 60-year average annual dividend scale interest rate is a blended average of the dividend scale interest rate that applies to policies with a variable policy loan rate provision (1969 to 2015) and the dividend scale interest rate that applies to policies with a fixed policy loan rate provision (1 ...
... The 60-year average annual dividend scale interest rate is a blended average of the dividend scale interest rate that applies to policies with a variable policy loan rate provision (1969 to 2015) and the dividend scale interest rate that applies to policies with a fixed policy loan rate provision (1 ...
Stock Market Response to Monetary and Fiscal Policy Shocks: Multi
... such as inflation, interest and exchange rates. In this regard, the main contributions of the paper to the existing literature can be described succinctly. First, we examine the role of both fiscal and monetary policy on stock market performance, considering their interaction, by employing a structu ...
... such as inflation, interest and exchange rates. In this regard, the main contributions of the paper to the existing literature can be described succinctly. First, we examine the role of both fiscal and monetary policy on stock market performance, considering their interaction, by employing a structu ...
Essays on Adverse Selection and Moral Hazard in Insurance Market
... asymmetric information is stated as the positive relation between the risk levels of those who purchase insurance coverage and the actual risk type revealed after losses occur (see Puelz & Snow, 1994). However, mixed results are reported in different business lines of insurance: the insignificance ...
... asymmetric information is stated as the positive relation between the risk levels of those who purchase insurance coverage and the actual risk type revealed after losses occur (see Puelz & Snow, 1994). However, mixed results are reported in different business lines of insurance: the insignificance ...
Regulatory Capital Requirements for Microinsurance in the
... commonly underwrite group credit life, personal accident and supplemental motor vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some ...
... commonly underwrite group credit life, personal accident and supplemental motor vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some ...
statement on subprime mortgage lending
... penalties or prepayment penalty periods extending past the initial fixed interest rate period. Also, borrowers may not be adequately informed of product features and risks, such as their responsibility to pay taxes and insurance, when not included in their mortgage payments. These products originall ...
... penalties or prepayment penalty periods extending past the initial fixed interest rate period. Also, borrowers may not be adequately informed of product features and risks, such as their responsibility to pay taxes and insurance, when not included in their mortgage payments. These products originall ...
Documentos de Trabajo - Facultad de Ciencias Sociales
... stochastic steady state of the model, firms are able to finance the desired level of investment during normal economic conditions. However, when leverage is sufficiently high and an adverse financial shock hits the economy, firms are forced to cut down on investment, leading to a protracted recessio ...
... stochastic steady state of the model, firms are able to finance the desired level of investment during normal economic conditions. However, when leverage is sufficiently high and an adverse financial shock hits the economy, firms are forced to cut down on investment, leading to a protracted recessio ...
NBER WORKING PAPER SERIES EFFICIENT BAILOUTS? Javier Bianchi Working Paper 18587
... stochastic steady state of the model, firms are able to finance the desired level of investment during normal economic conditions. However, when leverage is sufficiently high and an adverse financial shock hits the economy, firms are forced to cut down on investment, leading to a protracted recessio ...
... stochastic steady state of the model, firms are able to finance the desired level of investment during normal economic conditions. However, when leverage is sufficiently high and an adverse financial shock hits the economy, firms are forced to cut down on investment, leading to a protracted recessio ...
An Introduction to Dividends and Dividend Policy
... The issue of dividends and dividend policy is of great significance to owners of closely held and family businesses and deserves considered attention. Fortunately, I had an early introduction to dividend policy beginning with a call from a client back in the 1980s. I had been valuing a family busine ...
... The issue of dividends and dividend policy is of great significance to owners of closely held and family businesses and deserves considered attention. Fortunately, I had an early introduction to dividend policy beginning with a call from a client back in the 1980s. I had been valuing a family busine ...
Number Slumber Understanding Rating Agency Evals 8
... of its revenue and earnings (with coverage of fixed charges below 1.5 times); or iv) financial leverage greater than 65%. “The following factors could lead to a stable rating outlook; i) maintaining comfortable headroom under its amended loan covenants; ii) improved business prospects and operating ...
... of its revenue and earnings (with coverage of fixed charges below 1.5 times); or iv) financial leverage greater than 65%. “The following factors could lead to a stable rating outlook; i) maintaining comfortable headroom under its amended loan covenants; ii) improved business prospects and operating ...
Insurance Concentration Risk Charge Natural Perils
... calibration, and the quality of underlying input data (portfolio information) ...
... calibration, and the quality of underlying input data (portfolio information) ...
rejda_rmi12_im01
... (c) Objective risk is the relative variation of actual loss from expected loss. As the number of exposure units under observation increases, objective risk declines. Subjective risk is uncertainty based on one’s mental condition or state of mind. Accordingly, objective risk is measurable and statist ...
... (c) Objective risk is the relative variation of actual loss from expected loss. As the number of exposure units under observation increases, objective risk declines. Subjective risk is uncertainty based on one’s mental condition or state of mind. Accordingly, objective risk is measurable and statist ...
Overview and Structure of Financial Supervision and Regulation in
... limits financial supervision to financial institutions/ products that investors cannot comprehend on the basis of published financial reports, namely banks. But US supervision has historically overlooked the parent institutions of supervised firms. Moreover, the different legal set-up limits direct ...
... limits financial supervision to financial institutions/ products that investors cannot comprehend on the basis of published financial reports, namely banks. But US supervision has historically overlooked the parent institutions of supervised firms. Moreover, the different legal set-up limits direct ...
The Relationship between Monetary Policy and Asset Prices
... results to the Bernanke and Kuttner analysis. For example, an unanticipated 25-basis point increase in the short-term interest rate results in a 1.7% decline in the S&P 500. Laevan and Tong (2012) take a deeper look at this question by examining varying responses by different types of firms. There s ...
... results to the Bernanke and Kuttner analysis. For example, an unanticipated 25-basis point increase in the short-term interest rate results in a 1.7% decline in the S&P 500. Laevan and Tong (2012) take a deeper look at this question by examining varying responses by different types of firms. There s ...
Capital Adequacy in Insurance / Reinsurance
... regulation, including possibly greater regulatory centralization and harmonization within the United States (U.S.) and the European Union (E.U.). Important issues include a possible extension of the Basle approach to bank capital regulation to insurance, possible expansion of direct regulatory super ...
... regulation, including possibly greater regulatory centralization and harmonization within the United States (U.S.) and the European Union (E.U.). Important issues include a possible extension of the Basle approach to bank capital regulation to insurance, possible expansion of direct regulatory super ...
Effect of Liquidity Risk on Financial Performance of Insurance
... prospect. After all, there is no leveraging of loans as with the banks, and the reserves are backed by good solid assets. However, this is not the case, and liquidity risk (sometimes associated with fraud) has been a source of some historic insolvencies. This study was aimed at establishing the liqu ...
... prospect. After all, there is no leveraging of loans as with the banks, and the reserves are backed by good solid assets. However, this is not the case, and liquidity risk (sometimes associated with fraud) has been a source of some historic insolvencies. This study was aimed at establishing the liqu ...
Optimal Monetary and Prudential Policies
... International Economic Policy and Reform (2011)] have summarized alternative views about the potential substitutability or complementarity of these policies and the need for policy coordination. There is a general presumption that both policies will be counter-cyclical most of the time, as reflected ...
... International Economic Policy and Reform (2011)] have summarized alternative views about the potential substitutability or complementarity of these policies and the need for policy coordination. There is a general presumption that both policies will be counter-cyclical most of the time, as reflected ...