Who Owns the Assets?
... significant shift into so-called “alternative” investments such as real estate, private equity, and hedge funds as well as a liability-driven shift into (longer duration) fixed income. This shift towards alternatives reflects asset owners’ dual objectives of increasing return and reducing the appare ...
... significant shift into so-called “alternative” investments such as real estate, private equity, and hedge funds as well as a liability-driven shift into (longer duration) fixed income. This shift towards alternatives reflects asset owners’ dual objectives of increasing return and reducing the appare ...
The Market Microstructure Approach to Foreign Exchange: Looking
... models. Hedge funds, for example, correspond well to the rational investors. They use currencies as a store of value and are motivated by profits, given the standard compensation scheme of 2 percent of assets under management and 20 percent of any profits. Like their modeling counterparts, hedge fun ...
... models. Hedge funds, for example, correspond well to the rational investors. They use currencies as a store of value and are motivated by profits, given the standard compensation scheme of 2 percent of assets under management and 20 percent of any profits. Like their modeling counterparts, hedge fun ...
Intermediary Asset Pricing
... parsimonious, and can be realistically calibrated. While there is a prior body of work that studies the effect of intermediation on asset prices, the models employed have almost exclusively been static and designed to highlight qualitative effects. Allen and Gale in a number of papers show how the f ...
... parsimonious, and can be realistically calibrated. While there is a prior body of work that studies the effect of intermediation on asset prices, the models employed have almost exclusively been static and designed to highlight qualitative effects. Allen and Gale in a number of papers show how the f ...
Section 1: Capacity to Contract: Infancy, Mental Incompetence
... factory)did not negate the Implied warranty of fitness given the inequality of bargaining power between consumer and manufacturer. As all car manufacturers use the same form contracts. If they imposed a duty to read, it might not lead to justice. The spirit of freedom on K is that consumers who have ...
... factory)did not negate the Implied warranty of fitness given the inequality of bargaining power between consumer and manufacturer. As all car manufacturers use the same form contracts. If they imposed a duty to read, it might not lead to justice. The spirit of freedom on K is that consumers who have ...
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 ...
Glossary of Defined Terms
... reporting purposes, a group of entities comprising the controlling entity and any controlled entities. Other terms sometimes used to refer to an economic entity include “administrative entity”, “financial entity” (IPSAS 4: “financial reporting entity”), “consolidated entity” and “group”. An economic ...
... reporting purposes, a group of entities comprising the controlling entity and any controlled entities. Other terms sometimes used to refer to an economic entity include “administrative entity”, “financial entity” (IPSAS 4: “financial reporting entity”), “consolidated entity” and “group”. An economic ...
The Law of Contracts - Book Companion Site
... Promises made without consideration are gratuitous, and the failure to perform them generally has no remedy in law. In such a case, there is no contract, and any agreement purporting to be a contract on those terms is void. If Tony promises to give Carol his car next week without seeking anything in ...
... Promises made without consideration are gratuitous, and the failure to perform them generally has no remedy in law. In such a case, there is no contract, and any agreement purporting to be a contract on those terms is void. If Tony promises to give Carol his car next week without seeking anything in ...
PDF
... Insurance and financial markets offer individual and index-based contracts to producers who want to manage their risks. For example, farmers can choose forward contracts and/or futures contracts to deal with commodity price risk. They can also cover crop yield shortfalls using individual yield insur ...
... Insurance and financial markets offer individual and index-based contracts to producers who want to manage their risks. For example, farmers can choose forward contracts and/or futures contracts to deal with commodity price risk. They can also cover crop yield shortfalls using individual yield insur ...
FTR Auction Design for the California ISO
... world complications. This is correct, but it is worthwhile to describe the commonly discussed issues and their implications in the special case of the FTR design. 1. Complementarities. Go back to the auction of the two plane tickets. Now assume that one of the bidders is interested in going from Cal ...
... world complications. This is correct, but it is worthwhile to describe the commonly discussed issues and their implications in the special case of the FTR design. 1. Complementarities. Go back to the auction of the two plane tickets. Now assume that one of the bidders is interested in going from Cal ...
I-SEM Rules WG Administered Scarcity Pricing Interim Legal Draft
... 6.4.2 The RAs will investigate any events of Administered Scarcity which occur during operation of the market. 6.4.3 Target Operating Reserve will be deemed to have been depleted if operating reserve (i.e. POR, SOR, TOR1 and TOR2) cannot be replaced from replacement reserve or ramping margin within ...
... 6.4.2 The RAs will investigate any events of Administered Scarcity which occur during operation of the market. 6.4.3 Target Operating Reserve will be deemed to have been depleted if operating reserve (i.e. POR, SOR, TOR1 and TOR2) cannot be replaced from replacement reserve or ramping margin within ...
PDF
... and wheat futures, and concludes that the seasonal components for all three commodities peak about two to three months before the beginning of harvest. For the literature on how fundamentals affect volatility, it has been established that volatility is time-varying (Koekebakker and Lien 2004), high ...
... and wheat futures, and concludes that the seasonal components for all three commodities peak about two to three months before the beginning of harvest. For the literature on how fundamentals affect volatility, it has been established that volatility is time-varying (Koekebakker and Lien 2004), high ...
Factors Determining the Price of Butter
... substantial share of the butter supply were in the hands of relatively few firms which had essentially the same financial interest (that is, nearly all would have to benefit when the price went up or nearly all would have to benefit when the price dropped). These conditions for price-rigging almost ...
... substantial share of the butter supply were in the hands of relatively few firms which had essentially the same financial interest (that is, nearly all would have to benefit when the price went up or nearly all would have to benefit when the price dropped). These conditions for price-rigging almost ...
Measuring and Modeling Execution Cost and Risk
... trade has the potential to move the value of the asset. This change in the asset price has an effect on all subsequent trades executed. Since the price impact typically moves the price to a less desirable price for the trader, this term will generally increase the cost of executing an order that wou ...
... trade has the potential to move the value of the asset. This change in the asset price has an effect on all subsequent trades executed. Since the price impact typically moves the price to a less desirable price for the trader, this term will generally increase the cost of executing an order that wou ...
Repurchase agreements and the law
... borrower filed for bankruptcy, the lender could retain possession of the securities. In 2000, however, a court ruling in the bankruptcy of Criimi Mae, a publicly held commercial mortage REIT, took market ...
... borrower filed for bankruptcy, the lender could retain possession of the securities. In 2000, however, a court ruling in the bankruptcy of Criimi Mae, a publicly held commercial mortage REIT, took market ...
usd/cnh options product information
... Exposure to multiple market parameters, e.g. spot rate, volatility and time ...
... Exposure to multiple market parameters, e.g. spot rate, volatility and time ...
FORM 10-Q - Vanguard Natural Resources LLC
... “may,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “continue,” or other similar words. These statements discuss future expectations, contain projections of results of operations or of financial condition or state other “forward-looking” information. We and our representatives may from t ...
... “may,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “continue,” or other similar words. These statements discuss future expectations, contain projections of results of operations or of financial condition or state other “forward-looking” information. We and our representatives may from t ...
Preview - American Economic Association
... frequency of investors’ trading needs, and market size. Among all 12 coefficients, 11 are highly significant and consistent with our model predictions.4 Fourth, when the search speed goes to infinity, the search-market equilibrium does not always converge to a centralized-market equilibrium. Specificall ...
... frequency of investors’ trading needs, and market size. Among all 12 coefficients, 11 are highly significant and consistent with our model predictions.4 Fourth, when the search speed goes to infinity, the search-market equilibrium does not always converge to a centralized-market equilibrium. Specificall ...
Implied Market Price of Weather Risk - SFB 649
... and extreme natural events like hurricanes, long cold winters, heat waves, droughts, freezes, etc. may cause substantial financial losses. The traditional way of protection against unpredictable weather conditions has always been the insurance, which covers the loss in exchange for the payment of a ...
... and extreme natural events like hurricanes, long cold winters, heat waves, droughts, freezes, etc. may cause substantial financial losses. The traditional way of protection against unpredictable weather conditions has always been the insurance, which covers the loss in exchange for the payment of a ...
Basic Financial Derivatives - Sanjeev Institute of Planning and
... significantly at the global level. In this respect, changes in the interest rates, exchange rates and stock market prices at the different financial markets have increased the financial risks to the corporate world. Adverse changes have even threatened the very survival of the business world. It is, ...
... significantly at the global level. In this respect, changes in the interest rates, exchange rates and stock market prices at the different financial markets have increased the financial risks to the corporate world. Adverse changes have even threatened the very survival of the business world. It is, ...
International Financial Reporting Standard 13 Fair Value
... party as an asset only if there are factors specific to the asset that are not applicable to the fair value measurement of the liability or equity instrument. An entity shall ensure that the price of the asset does not reflect the effect of a restriction preventing the sale of that asset. Some facto ...
... party as an asset only if there are factors specific to the asset that are not applicable to the fair value measurement of the liability or equity instrument. An entity shall ensure that the price of the asset does not reflect the effect of a restriction preventing the sale of that asset. Some facto ...
Testing for imperfect competition at the Fulton fish market - U
... Data collection. I used two methods to collect the data. First, one dealer supplied his inventory sheets for the period December 2, 1991-May 8, 1992. All transactions are recorded on the inventory sheets, with information including customer number (a number that uniquely identifies each customer), q ...
... Data collection. I used two methods to collect the data. First, one dealer supplied his inventory sheets for the period December 2, 1991-May 8, 1992. All transactions are recorded on the inventory sheets, with information including customer number (a number that uniquely identifies each customer), q ...
Risk Management Lessons from the Credit Crisis
... risk factors, could be incorrect. These fall in the broad category of model risk. As an example of the first problem, many portfolios unexpected lost money on basis trades during 2008. These involve hedged positions. For instance, a trader could buy a corporate bond and at the same time purchase a c ...
... risk factors, could be incorrect. These fall in the broad category of model risk. As an example of the first problem, many portfolios unexpected lost money on basis trades during 2008. These involve hedged positions. For instance, a trader could buy a corporate bond and at the same time purchase a c ...
Contracts Outline (Murphy)
... i. Promise requires something that seems like a commitment (more than just a statement of fact) 1. Example: House next to empty lot: A seeks to buy lot from B. B asks if A plans to build a gas station. A says “I intend to build a house” not a promise! Just statement of fact. ii. D&G Stout, Inc. v. ...
... i. Promise requires something that seems like a commitment (more than just a statement of fact) 1. Example: House next to empty lot: A seeks to buy lot from B. B asks if A plans to build a gas station. A says “I intend to build a house” not a promise! Just statement of fact. ii. D&G Stout, Inc. v. ...