OFFERING CIRCULAR 27 April 2016* J.P. Morgan Structured
... each Issuer's business activities as well as certain financial information and material risks faced by each
What are the Securities?
An Issuer may issue Securities in the form of any of (i) Warrants (ii) Certificates and (iii) Notes (all of
which are referred to as "Securities"), under the S ...
OPEN JOINT STOCK CO LONG DISTANCE
... of the voting stock, as can be deduced from the data of the depositary - The Bank of New York Mellon. The largest interest - some 741,900
ADRs — according to the depositary data was acquired by Emerging Markets Growth Fund, part of Capital International Funds. Additionally,
securities were purchased ...
securities and exchange commission
... guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements.
These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts.
Forward-looking statements sometimes use ...
base prospectus £100000000 secured bond issuance
... Act 2000 does not apply (all such persons together referred to as “Relevant Persons”). This
Base Prospectus must not be acted on or relied on in the United Kingdom by persons who are
not Relevant Persons. Any investment or investment activity to which the Base Prospectus
relates is available in the ...
FORM F-9 and FORM F-3
... Barrick’s cumulative total shareholders return on publicly traded securities compared with the cumulative total return of the S&P/TSX Gold
Index, the S&P/TSX Composite Index or any other broad equity market index or a published industry or line-of-business index) that Barrick
files with the OSC will ...
star gas partners, lp star gas finance company
... Home heating oil is primarily used as a source of fuel to heat residences and businesses in the Northeast and Mid-Atlantic regions.
According to the U.S. Department of Energy—Energy Information Administration, 2005 Residential Energy Consumption Survey (the latest
survey published), these regions ac ...
CMS Energy Corporation
... This prospectus, the applicable prospectus supplement and any free writing prospectus we authorize contains and incorporates by
reference information that you should consider when making your investment decision. We have not authorized anyone to provide you with
different information. You should not ...
... present greater hedging difficulties to the dealer. In theory, if one specifies the dynamics of instantaneous volatility as a one-dimensional diffusion, then one can replicate a volatility derivative
by trading the underlying shares and one option. Such simple stochastic volatility models are,
Corestates Capital II
... sole assets of the Trust. The Company will guarantee the payment of Distributions and payments on liquidation
of the Trust or redemption of the Capital Securities, but only in each case to the extent of funds held by the
Trust, as described herein (the "Guarantee"). See "Description of Guarantee." I ...
Word - corporate
... any other person to provide you with different information. If anyone provides you with different or inconsistent information, you
should not rely on it. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that
others may give you. You should a ...
Investing in CLOs - CION Investments
... primary markets, or among non‐US credits. In our view, every
CLO manager feels at least some pressure to stretch a little, to
become more creative, or to dig a little deeper into the market
to protect the arbitrage.
Question 1: Where is the stretch?
A common topic found within CLO researc ...
THU VI?N PHÁP LU?T
... VND 10 billion or more accounted according to the book value;
b/ Its business operation in the year preceding the year of offering registration is profitable and, at
the same time, it has no accrued loss up to the year of offering registration;
c/ Its issuance plan and plan on the use of capital gen ...
State-Boston Retirement System Complaint
... manipulation of the market for U.S. Treasury bills, notes, and bonds (together, "Treasury
securities"), and derivative financial products based on these Treasury securities, including
Treasury futures and options traded on the Chicago Mercantile Exchange (collectively with
Treasury securities, "Trea ...
Annual Information Form
... practices are designed to ensure that the investments of the Portfolios are diversified and relatively liquid,
and to ensure that the Portfolios are properly administered. The Portfolios are subject, namely, to
section 4.1 of Regulation 81-102, which prohibits certain investments when certain relate ...
shares as security in modern times: problems and prospects
... Borrowing is an important method of financing the activities of companies in most commercial
climes. A company may finance itself not only via issuance of shares but also by incurring debt.
These two principal means of financing corporate activities come with their peculiar incidents.
This paper how ...
As filed with the Securities and Exchange Commission on August 13
... We may offer and sell ordinary shares, including ordinary shares represented by American depositary shares, or ADSs,
preferred shares, debt securities or warrants in any combination from time to time in one or more offerings, at prices and on terms
described in one or more supplements to this prospe ...
The Impact of Collateralization on Swap Rates
... after the Long-Term Capital Management (LTCM) hedge fund crisis in 1998. In fact,
Lowenstein (2000) notes that LTCM both collateralized and marked their positions to
market: “the banks did hold collateral, after all, and Long-Term generally settled up (in
cash) at the end of each trading day, collec ...
More Mortgages, Lower Growth? - Economics of Credit And Debt
... compared to credit supporting transactions in goods and services, as suggested by Werner (1997, 2012).
Werner (1997) applied this insight to data on Japan for the 1980s and 1990s. In this paper we extend this
disaggregation to a large panel of countries.
Our paper is closely related to Beck et al. ...
NSTAR ELECTRIC COMPANY doing business as - corporate
... "Commission") using a "shelf" registration process as a "well-known seasoned issuer." Under the shelf registration process, we may, from time to time, issue and sell to
the public the securities described in the accompanying prospectus, including the Debt Securities, up to an indeterminate amount, o ...
Frequently Asked Questions About
... unidentified company or companies, another entity or person.
(Securities Act Rule 419(a)(2)). A shell corporation is a
company that serves as a vehicle for business transactions
without itself having any significant assets or operations.
(Securities Act Rule 405). A penny stock issuer is a very smal ...
not for release, publication or distribution, directly or indirectly
... that invests in venture capital, buyout, mezzanine debt, and distressed debt through primary
partnerships, secondary purchases, and direct investments. Since 1984, HarbourVest has
been a leading buyer of private equity assets, acquiring $8 billion of assets in over 350
deals of all stages, types, vi ...
The Behavior of US Interest Rate Swap Spreads in Global Financial
... Four determinants of swap spreads - default risk, the slope of yield curve, liquidity premium
and volatility - are chosen. As for default risk, two kinds of default risk are used to
investigate the sensitivity of swap spreads to Aaa and Baa corporate bond spreads.
An interest rate swap is an agreeme ...
CSC FAQs - Module 21: Hedge Funds
... General Feedback: Convertible securities have a theoretical value that is based on a
number of factors, including the value of the underlying stock. When the trading price of
a convertible bond moves away from its theoretical value, an arbitrage opportunity exists.
This strategy typically involves b ...
Guide for Equity - Cayman Islands Stock Exchange
... • this can be varied for certain specialist issuers, see above
• an accountants report is required where there has been any material change to the
group structure, accounting policies, or a qualified audit in the past three years
• newly formed companies must have sufficient working capital for a ...
A Synthetic CDO (collateralized debt obligation) is a variation of a CDO that generally uses credit default swaps and other derivatives to obtain its investment goals. As such, it is a complex derivative financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security. The value and payment stream of a synthetic CDO is derived not from cash assets, like mortgages or credit card payments — as in the case of a regular or ""cash"" CDO — but from premiums paying for credit default swap ""insurance"" on the possibility that some defined set of ""reference"" securities — based on cash assets — will default. The insurance-buying ""counterparties"" may own the ""reference"" securities and be managing the risk of their default, or may be speculators who've calculated that the securities will default.Synthetics thrived for a brief time because they were cheaper and easier to create than traditional CDOs, whose raw material, mortgages, was beginning to dry up.In 2005 the synthetic CDO market in corporate bonds spread to the mortgage-backed securities market, where the counterparties providing the payment stream were primarily hedge funds or investment banks hedging, or often betting that certain debt the synthetic CDO referenced — usually ""tranches"" of subprime home mortgages — would default. Synthetic issuance jumped from $15 billion in 2005 to $61 billion in 2006, when synthetics became the dominant form of CDO's in the US, valued ""notionally"" at $5 trillion by the end of the year according to one estimate.Synthetic CDOs are controversial because of their role in the subprime mortgage crisis. They enabled large wagers to be made on the value of mortgage-related securities, which critics argued may have contributed to lower lending standards and fraud.Synthetic CDOs have been criticized as serving as a way of hiding short position of bets against the subprime mortgages from unsuspecting triple-A seeking investors, and contributing to the 2007-2009 financial crisis by amplifying the subprime mortgage housing bubble. By 2012 the total notional value of synthetics had been reduced to a couple of billion.