High-Level Results
... 14. Does your company have profitable investment opportunities that would lead to long-term growth but for which access to funding is restricted? 14. Does your company have profitable investment opportunities that would lead to long-term growth but for which access to funding is restricted? BY Credi ...
... 14. Does your company have profitable investment opportunities that would lead to long-term growth but for which access to funding is restricted? 14. Does your company have profitable investment opportunities that would lead to long-term growth but for which access to funding is restricted? BY Credi ...
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... (1) The name of each investee and the percentage of ownership of common stock. (2) The accounting policies of the investor with respect to investments in common stock. (3) The difference, if any, between the amount in the investment account and the amount of underlying equity in the net assets of th ...
... (1) The name of each investee and the percentage of ownership of common stock. (2) The accounting policies of the investor with respect to investments in common stock. (3) The difference, if any, between the amount in the investment account and the amount of underlying equity in the net assets of th ...
The Valuation of Collateralised Debt Obligations - DORAS
... equity and the correlation between the firms’ asset returns, as one firm, M oody’s KMV (KMV), has done. With this information, the probability distribution o f debt portfolio values at a future date can be derived, giving the portfolio owner the information necessary to manage the credit risks prese ...
... equity and the correlation between the firms’ asset returns, as one firm, M oody’s KMV (KMV), has done. With this information, the probability distribution o f debt portfolio values at a future date can be derived, giving the portfolio owner the information necessary to manage the credit risks prese ...
Dreyfus Variable Investment Fund: Quality Bond Portfolio
... • Liquidity risk. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities in a timely manner at or near their perceived value. In such a market, the value of such securities and the fund's share price may fall dramaticall ...
... • Liquidity risk. When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities in a timely manner at or near their perceived value. In such a market, the value of such securities and the fund's share price may fall dramaticall ...
FEDEX CORP (Form: 424B3, Received: 01/03/2017 08:57:53)
... Investing in the notes involves risks. In connection with any investment in the notes, you should consider carefully (i) the factors identified under the heading "Risk Factors" in "Management's Discussion and Analysis of Results of Operations and Financial Condition" in our Annual Report on Form 10- ...
... Investing in the notes involves risks. In connection with any investment in the notes, you should consider carefully (i) the factors identified under the heading "Risk Factors" in "Management's Discussion and Analysis of Results of Operations and Financial Condition" in our Annual Report on Form 10- ...
Global Fixed Income
... performance from July 31, 2003 to August 29, 2003. Lockout Date – The “Lockout” Date is two business days before the rebalancing date. Bonds issued after the Lockout Date are not considered for inclusion in the index. Similarly, changes to other criteria or characteristics normally taken into accoun ...
... performance from July 31, 2003 to August 29, 2003. Lockout Date – The “Lockout” Date is two business days before the rebalancing date. Bonds issued after the Lockout Date are not considered for inclusion in the index. Similarly, changes to other criteria or characteristics normally taken into accoun ...
Investing in Real Estate in a Shariah Compliant Way
... Halal – that which is permitted or compliant Haram – that which is not permitted Riba – charging of interest Gharar – the taking of unreasonable risk; gambling Sukuk – Shariah compliant debt Ijara – Shariah compliant lease Takaful – Shariah compliant form of insurance Maduraba/Musharaka – forms of p ...
... Halal – that which is permitted or compliant Haram – that which is not permitted Riba – charging of interest Gharar – the taking of unreasonable risk; gambling Sukuk – Shariah compliant debt Ijara – Shariah compliant lease Takaful – Shariah compliant form of insurance Maduraba/Musharaka – forms of p ...
Guide to Securities-Based Borrowing [92425-v3]
... • Banks, credit unions, trust companies, mortgage companies or insurance companies • Accounts pledged as collateral to a creditor • Investment clubs • Prime brokerage accounts ...
... • Banks, credit unions, trust companies, mortgage companies or insurance companies • Accounts pledged as collateral to a creditor • Investment clubs • Prime brokerage accounts ...
Rising Rates-What You Need to Know
... inflation expectations, as well as supply and demand factors (including demand from foreign central banks). From 2009–2014, longer-term rates had been held down, in part, by large-scale bond purchases from the Fed—known as quantitative easing (QE). With the conclusion of QE in late 2014, longer-term ...
... inflation expectations, as well as supply and demand factors (including demand from foreign central banks). From 2009–2014, longer-term rates had been held down, in part, by large-scale bond purchases from the Fed—known as quantitative easing (QE). With the conclusion of QE in late 2014, longer-term ...
Fraud Created the Market: Presuming Reliance in Rule 10(b)
... fraud. 20 Circuit courts have diverged on whether unmarketable means “economic unmarketability” or “legal unmarketability.” 21 Economic unmarketability focuses on whether the securities could have been sold on the market at any price “if the true risk . . . had been known.” 22 The Fifth Circuit has ...
... fraud. 20 Circuit courts have diverged on whether unmarketable means “economic unmarketability” or “legal unmarketability.” 21 Economic unmarketability focuses on whether the securities could have been sold on the market at any price “if the true risk . . . had been known.” 22 The Fifth Circuit has ...
Proposals to Enhance Regulatory Safeguards for Investors in the
... result of more complex product features underscore the need for better means of illustrating the risk-return trade-offs associated with each product. An increasingly sophisticated investing public raises questions on whether the corresponding regulatory protections are delivered to the various class ...
... result of more complex product features underscore the need for better means of illustrating the risk-return trade-offs associated with each product. An increasingly sophisticated investing public raises questions on whether the corresponding regulatory protections are delivered to the various class ...
The Market for Corporate Control and the Cost of Debt
... The implication for bondholders in general, not necessarily those whose …rms are currently acquiring or being acquired, is that an open market for corporate control leads to a lower cost of debt; in addition, the e¤ect would be more pronounced for …rms with higher credit risk. Following Billett, Kin ...
... The implication for bondholders in general, not necessarily those whose …rms are currently acquiring or being acquired, is that an open market for corporate control leads to a lower cost of debt; in addition, the e¤ect would be more pronounced for …rms with higher credit risk. Following Billett, Kin ...
ASTRAZENECA PLC (Form: F-3ASR, Received: 11/22/2016 11:52:39)
... listed on the New York Stock Exchange or another recognized stock exchange, or may not be listed on any exchanges. However, there can be no assurance that an active trading market will develop for any series of debt securities even if we list the series on a securities exchange. There can also be no ...
... listed on the New York Stock Exchange or another recognized stock exchange, or may not be listed on any exchanges. However, there can be no assurance that an active trading market will develop for any series of debt securities even if we list the series on a securities exchange. There can also be no ...
This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience
... The costs of a very low level of credit risk — economic activity. Resources — workers and reduced output and employment, and foregone capital facilities — that formerly were employed profits within the firm — are not so striking as the are now idle, and they may not be absorbed imlosses, and usually ...
... The costs of a very low level of credit risk — economic activity. Resources — workers and reduced output and employment, and foregone capital facilities — that formerly were employed profits within the firm — are not so striking as the are now idle, and they may not be absorbed imlosses, and usually ...
KELLOGG CO (Form: 424B5, Received: 02/26/2016 17:06:57)
... downturn in economic conditions or our business; ...
... downturn in economic conditions or our business; ...
the use of portfolio credit risk models in central banks
... generally decreased interest rates and lower expected returns, an adequate return is nonetheless made on these public assets. Moreover, as demonstrated in Section 4 of this report, even a high credit quality portfolio may show a considerable amount of credit risk once the confidence level of CreditV ...
... generally decreased interest rates and lower expected returns, an adequate return is nonetheless made on these public assets. Moreover, as demonstrated in Section 4 of this report, even a high credit quality portfolio may show a considerable amount of credit risk once the confidence level of CreditV ...
LCH.Clearnet Limited
... The SF Directive seeks to reduce the risks associated with participation in payment and securities settlement systems by minimizing the disruption caused by insolvency proceedings brought against a participant in such a system. The protection provided by the SF Regulations is given to any system whi ...
... The SF Directive seeks to reduce the risks associated with participation in payment and securities settlement systems by minimizing the disruption caused by insolvency proceedings brought against a participant in such a system. The protection provided by the SF Regulations is given to any system whi ...
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... (4) Limiting Borrower Costs from Subprime Mortgage Default and Foreclosure The costs imposed by subprime loan foreclosures are limited because mortgage borrowers simply give up their home in lieu of making the mortgage payments. Although a borrower’s (already subprime) credit rating will fall furthe ...
... (4) Limiting Borrower Costs from Subprime Mortgage Default and Foreclosure The costs imposed by subprime loan foreclosures are limited because mortgage borrowers simply give up their home in lieu of making the mortgage payments. Although a borrower’s (already subprime) credit rating will fall furthe ...
Springleaf Holdings, Inc.
... financial information has been presented for illustrative purposes only and is not necessarily indicative of the operating results and financial position that would have been achieved had the Proposed Acquisition occurred on the date indicated. Further, the unaudited pro forma condensed combined fi ...
... financial information has been presented for illustrative purposes only and is not necessarily indicative of the operating results and financial position that would have been achieved had the Proposed Acquisition occurred on the date indicated. Further, the unaudited pro forma condensed combined fi ...
Conflicts of Interest in the Financial Services Industry
... March 2000 have increased concerns about conflicts of interest in which agents who were supposed to provide the investing public with reliable information had incentives to hide the truth in order to further their own goals. This report analyses what conflicts of interest are, explains why we care a ...
... March 2000 have increased concerns about conflicts of interest in which agents who were supposed to provide the investing public with reliable information had incentives to hide the truth in order to further their own goals. This report analyses what conflicts of interest are, explains why we care a ...
Securities Trading Policy
... Outside of Closed Periods, Prescribed Persons and their Connected Persons are required to obtain clearance before Dealing in Suncorp Securities (refer to Section 4). If a Prescribed Person or Connected Person comes into possession of Price Sensitive Information after receiving a waiver or clearance ...
... Outside of Closed Periods, Prescribed Persons and their Connected Persons are required to obtain clearance before Dealing in Suncorp Securities (refer to Section 4). If a Prescribed Person or Connected Person comes into possession of Price Sensitive Information after receiving a waiver or clearance ...
Do Debt Markets Price Ṣukūk and Conventional Bonds
... ethical filter that must be complied with(1) before issuance is approved as ṣukūk certificates and approval is controlled by strict legal/structuring requirements. This research poses this question: since some fundamental differences exist between these two financial instrument types, could these tw ...
... ethical filter that must be complied with(1) before issuance is approved as ṣukūk certificates and approval is controlled by strict legal/structuring requirements. This research poses this question: since some fundamental differences exist between these two financial instrument types, could these tw ...
Centene Corporation - corporate
... circumstances in which such offer or solicitation is unlawful. You should not interpret the delivery of this prospectus, or any sale of securities, as an indication that there has been no change in our affairs since the date of this prospectus. You should also be aware that information in this prosp ...
... circumstances in which such offer or solicitation is unlawful. You should not interpret the delivery of this prospectus, or any sale of securities, as an indication that there has been no change in our affairs since the date of this prospectus. You should also be aware that information in this prosp ...
Risk and Valuation of Collateral Debt Obligations
... This paper addresses the risk analysis and market valuation of collateralized debt obligations (CDOs). We illustrate the effects of correlation and prioritization for the market valuation, diversity score, and risk of CDOs, in a simple jump-diffusion setting for correlated default intensities. A CDO ...
... This paper addresses the risk analysis and market valuation of collateralized debt obligations (CDOs). We illustrate the effects of correlation and prioritization for the market valuation, diversity score, and risk of CDOs, in a simple jump-diffusion setting for correlated default intensities. A CDO ...
MERCURY GENERAL CORP (Form: 424B5
... On February 17, 2017, Fitch Ratings revised our credit rating outlook from stable to negative, affirmed the rating of the insurance subsidiaries at “A+” and downgraded the holding company Issuer Default Rating to “A-” from “A”. Following the issuance of the notes and the termination of the Credit Fa ...
... On February 17, 2017, Fitch Ratings revised our credit rating outlook from stable to negative, affirmed the rating of the insurance subsidiaries at “A+” and downgraded the holding company Issuer Default Rating to “A-” from “A”. Following the issuance of the notes and the termination of the Credit Fa ...
Credit rating agencies and the subprime crisis
Credit rating agencies (CRAs) — firms which rate debt instruments/securities according to the debtor's ability to pay lenders back — played a significant role at various stages in the American subprime mortgage crisis of 2007-2008 that led to the Great Recession of 2008-2009. The new, complex securities of ""structured finance"" used to finance subprime mortgages could not have been sold without ratings by the ""Big Three"" rating agencies — Moody's Investors Service, Standard & Poor's, and Fitch Ratings. A large section of the debt securities market — many money markets and pension funds — were restricted in their bylaws to holding only the safest securities — i.e securities the rating agencies designated ""triple-A"". The pools of debt the agencies gave their highest ratings to included over three trillion dollars of loans to homebuyers with bad credit and undocumented incomes through 2007. Hundreds of billions of dollars' worth of these triple-A securities were downgraded to ""junk"" status by 2010, and the writedowns and losses came to over half a trillion dollars.This led ""to the collapse or disappearance"" in 2008-9 of three major investment banks (Bear Stearns, Lehman Brothers, and Merrill Lynch), and the federal governments buying of $700 billion of bad debt from distressed financial institutions.