International Bank for Reconstruction and Development
... and creditworthy lower-income countries. IBRD’s main business activity is extending loans to its eligible member countries. IBRD offers its borrowers long-term loans that can have a final maturity of up to 35 years. Borrowers may customize their repayment terms to meet their debt management or proje ...
... and creditworthy lower-income countries. IBRD’s main business activity is extending loans to its eligible member countries. IBRD offers its borrowers long-term loans that can have a final maturity of up to 35 years. Borrowers may customize their repayment terms to meet their debt management or proje ...
NASDAQ OMX GROUP, INC. (Form: 10-K, Received
... FINRA members, investment companies and issuers listed on The NASDAQ Stock Market. In connection with this restructuring, Nasdaq applied to the SEC to register The NASDAQ Stock Market as a national securities exchange. FINRA fully divested its ownership of Nasdaq in 2006, and The NASDAQ Stock Market ...
... FINRA members, investment companies and issuers listed on The NASDAQ Stock Market. In connection with this restructuring, Nasdaq applied to the SEC to register The NASDAQ Stock Market as a national securities exchange. FINRA fully divested its ownership of Nasdaq in 2006, and The NASDAQ Stock Market ...
OECD Benchmark Definition of Foreign Direct Investment
... oreign direct investment (FDI) is a key driver of international economic integration. With the right policy framework, FDI can provide financial stability, promote economic development and enhance the well being of societies. Reliable FDI statistics have always been essential for policy makers faced ...
... oreign direct investment (FDI) is a key driver of international economic integration. With the right policy framework, FDI can provide financial stability, promote economic development and enhance the well being of societies. Reliable FDI statistics have always been essential for policy makers faced ...
Defined contribution workplace pension market study revised
... weakest that the OFT has analysed in recent years. 1.10 Part of the reason for this is that most employees do not engage with or understand their pensions. Pensions are complicated products, the benefits of which occur, for many people, a long time in the future. Considerable survey evidence testifi ...
... weakest that the OFT has analysed in recent years. 1.10 Part of the reason for this is that most employees do not engage with or understand their pensions. Pensions are complicated products, the benefits of which occur, for many people, a long time in the future. Considerable survey evidence testifi ...
notes to the Financial statements for the year
... criteria are met directly attributable cost of bringing the asset to its working condition for the intended use. Items of Stores and Spares that meet the definition of Fixed Assets are capitalised at cost and depreciated over their useful life. Otherwise such items are classified as inventories. Bor ...
... criteria are met directly attributable cost of bringing the asset to its working condition for the intended use. Items of Stores and Spares that meet the definition of Fixed Assets are capitalised at cost and depreciated over their useful life. Otherwise such items are classified as inventories. Bor ...
Skandia Annual Report
... American Skandia contains representations and warranties that are customary for this type of transaction. The indemnity in respect of this is limited in time and can amount to a maximum of USD 1 billion. In connection with investigations by the US Securities and Exchange Commission (SEC), the New Yo ...
... American Skandia contains representations and warranties that are customary for this type of transaction. The indemnity in respect of this is limited in time and can amount to a maximum of USD 1 billion. In connection with investigations by the US Securities and Exchange Commission (SEC), the New Yo ...
pdf - The University of Texas at Dallas
... surprises reflect idiosyncratic firm outcomes their effects are diversified away over the entire portfolio holding. Such investors are vastly more concerned with earnings implications for the direction the market is taking as a whole than with its idiosyncratic valuation implications. One might, for ...
... surprises reflect idiosyncratic firm outcomes their effects are diversified away over the entire portfolio holding. Such investors are vastly more concerned with earnings implications for the direction the market is taking as a whole than with its idiosyncratic valuation implications. One might, for ...
Do Retail Trades Move Markets? - Faculty Directory | Berkeley-Haas
... the Trade and Quotes (TAQ) and Institute for the Study of Security Markets (ISSM) transaction data over the period 1983–2001. We document four results: (1) Order imbalance based on buyer- and seller-initiated small trades from the TAQ/ISSM data correlate well with the order imbalance based on trades ...
... the Trade and Quotes (TAQ) and Institute for the Study of Security Markets (ISSM) transaction data over the period 1983–2001. We document four results: (1) Order imbalance based on buyer- and seller-initiated small trades from the TAQ/ISSM data correlate well with the order imbalance based on trades ...
The Development of Microfinance Institutions in a Multi
... Main funding sources of early MFIs were grants and subsidies provided by donors and development institutions. With microfinance expanding into new segments and growing into a more commercialized industry, the landscape of both the institutions and investors evolved as well. The global microfinance i ...
... Main funding sources of early MFIs were grants and subsidies provided by donors and development institutions. With microfinance expanding into new segments and growing into a more commercialized industry, the landscape of both the institutions and investors evolved as well. The global microfinance i ...
The Cross-Sectional Dispersion of Stock Returns, Alpha
... Returns, Alpha and the Information Ratio In recent years a growing literature has emerged that focuses on the performance of active money managers, both in absolute terms and relative to industry benchmarks. The findings of these studies, which are reviewed in the next section, strongly suggest that ...
... Returns, Alpha and the Information Ratio In recent years a growing literature has emerged that focuses on the performance of active money managers, both in absolute terms and relative to industry benchmarks. The findings of these studies, which are reviewed in the next section, strongly suggest that ...
Words - Nasdaq`s INTEL Solutions
... grant the necessary further approval, or the holders of those ownership interests did not agree to transfer them to us, we would still benefit from our significant economic interest in Tamarix LP—currently we have subscribed for $24.9 million out of a total of $36.4 million committed and partially f ...
... grant the necessary further approval, or the holders of those ownership interests did not agree to transfer them to us, we would still benefit from our significant economic interest in Tamarix LP—currently we have subscribed for $24.9 million out of a total of $36.4 million committed and partially f ...
NBER WORKING PAPER SERIES AMBIGUITY AVERSION AND HOUSEHOLD PORTFOLIO CHOICE: EMPIRICAL EVIDENCE
... elicitation method, they also examine whether ambiguity aversion is related to stock market participation. In their relatively small data set, they do not find a significant relation except for a subset of respondents having low perceived knowledge about future asset returns. Because it is not their ...
... elicitation method, they also examine whether ambiguity aversion is related to stock market participation. In their relatively small data set, they do not find a significant relation except for a subset of respondents having low perceived knowledge about future asset returns. Because it is not their ...
Venture Capitalists on the Seed Stage Arena
... Result: Several factors make seed stage investing unattractive compared to later stages. Important difficulties are higher risks, high costs for fund management, goal incongruence in the investor – venture capitalist relation and lack of bargaining power for seed venture capitalists. Environmental f ...
... Result: Several factors make seed stage investing unattractive compared to later stages. Important difficulties are higher risks, high costs for fund management, goal incongruence in the investor – venture capitalist relation and lack of bargaining power for seed venture capitalists. Environmental f ...
music broadcast limited
... of our Company which will be equivalent to ` 4,000.00 million calculated at the Offer Price and the post-Offer capital of our Company calculated at the Offer Price is more than `16,000 million but less than or equal to ` 40,000 million. In the event the post-Offer Equity Share capital of our Company ...
... of our Company which will be equivalent to ` 4,000.00 million calculated at the Offer Price and the post-Offer capital of our Company calculated at the Offer Price is more than `16,000 million but less than or equal to ` 40,000 million. In the event the post-Offer Equity Share capital of our Company ...
QIS4 Technical Specifications
... This document sets out the technical specifications to be used for the Fourth Quantitative Impact Study (QIS4), which the European Commission has asked CEIOPS to run between April and July 2008 in the frame of the development of potential future level 2 implementing measures for the Solvency II Dire ...
... This document sets out the technical specifications to be used for the Fourth Quantitative Impact Study (QIS4), which the European Commission has asked CEIOPS to run between April and July 2008 in the frame of the development of potential future level 2 implementing measures for the Solvency II Dire ...
Liquidity Squeeze, Abundant Funding and Macroeconomic Volatility
... accounted for around 10% of US banks total assets in the late 1990s dropped down to around 5% in 2007, at the onset of the financial crisis.1 , 2 This undoubtedly made US banks more vulnerable to financial distress, given that holding liquidity buffers is key for funding during adverse conditions.3 Y ...
... accounted for around 10% of US banks total assets in the late 1990s dropped down to around 5% in 2007, at the onset of the financial crisis.1 , 2 This undoubtedly made US banks more vulnerable to financial distress, given that holding liquidity buffers is key for funding during adverse conditions.3 Y ...
pennantpark investment corporation
... We believe that we have the following competitive advantages over other capital providers to middle-market companies: a) Experienced Management Team The senior investment professionals of our Investment Adviser have worked together for many years and average over 25 years of experience in senior len ...
... We believe that we have the following competitive advantages over other capital providers to middle-market companies: a) Experienced Management Team The senior investment professionals of our Investment Adviser have worked together for many years and average over 25 years of experience in senior len ...
placement agreement - Camlin Fine Sciences
... The information in this Preliminary Placement Document is not complete and may be changed. The Issue is meant only for QIBs on a private placement basis and is not an offer to the public or to any other class of investors to purchase the Equity Shares. This Preliminary Placement Document is not an o ...
... The information in this Preliminary Placement Document is not complete and may be changed. The Issue is meant only for QIBs on a private placement basis and is not an offer to the public or to any other class of investors to purchase the Equity Shares. This Preliminary Placement Document is not an o ...
czech republic
... (4) The name of an open-end unit trust shall contain the business name of the investment company that manages the unit trust and the designation “open-end unit trust”. Article 11 Issue of Unit Certificates of an Open-End Unit Trust (1) An investment company shall issue a unit certificate of an open ...
... (4) The name of an open-end unit trust shall contain the business name of the investment company that manages the unit trust and the designation “open-end unit trust”. Article 11 Issue of Unit Certificates of an Open-End Unit Trust (1) An investment company shall issue a unit certificate of an open ...
Balance of Payments and International Investment Position
... been embodied in successive editions of the Balance of Payments Manual (the Manual) since the first edition was published in 1948. I am pleased to introduce the sixth edition of the Manual, which addresses the many important developments that have occurred in the international economy since the fift ...
... been embodied in successive editions of the Balance of Payments Manual (the Manual) since the first edition was published in 1948. I am pleased to introduce the sixth edition of the Manual, which addresses the many important developments that have occurred in the international economy since the fift ...
Independent-Transactions
... Problem. Business transactions often involve the exchange of 36477 . Most business transactions involve exchanges of cash or other 47023 exchange transactions to be inappropriate for restructured receivables 117261 economic effect on transactions that require exchanges between a 131611 and no exchan ...
... Problem. Business transactions often involve the exchange of 36477 . Most business transactions involve exchanges of cash or other 47023 exchange transactions to be inappropriate for restructured receivables 117261 economic effect on transactions that require exchanges between a 131611 and no exchan ...
Noah Holdings Ltd (Form: 20-F, Received: 04/27
... Indicate by check mark whether the registrant has submitted electronically and posted on its Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that ...
... Indicate by check mark whether the registrant has submitted electronically and posted on its Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that ...
Private equity secondary market
In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds. By its nature, the private equity asset class is illiquid, intended to be a long-term investment for buy-and-hold investors, including ""pension funds, endowments and wealthy families selling off their private equity funds before the pools have sold off all their assets."" For the vast majority of private equity investments, there is no listed public market; however, there is a robust and maturing secondary market available for sellers of private equity assets.Buyers seek to acquire private equity interests in the secondary market for multiple reasons. For example, the duration of the investment may be much shorter than an investment in the private equity fund initially. Likewise, the buyer may be able to acquire these interests at an attractive price. Finally, the buyer can evaluate the fund's holdings before deciding to purchase an interest in the fund. Conversely, sellers may seek to sell interest for various reasons, including the need to raise capital, the desire to avoid future capital calls, the need to reduce an over-allocation to the asset class or for regulatory reasons.Driven by strong demand for private equity exposure over the past decade, a significant amount of capital has been committed to secondary market funds from investors looking to increase and diversify their private equity exposure.