BASE PROSPECTUS Dated 9 September 2016 NOMURA BANK
... date hereof. Websites and urls referred to herein do not form part of the Base Prospectus.
Under the terms of the Note, Warrant and Certificate Programme (the Programme), Nomura Bank International plc (the Issuer or
NBI) may from time to time issue notes (Notes) and redeemable certificates (redeemab ...
OFFERING CIRCULAR 27 April 2016* J.P. Morgan Structured
... Securities are speculative investments, and returns may at times be volatile and losses may occur
quickly and in unanticipated magnitude. Depending on the particular "payout" terms of the Securities,
you may bear the risk of losing some or up to all of your investment depending on the performance of ...
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 ...
star gas partners, lp star gas finance company
... It is common practice in our business to price products to customers based on a per gallon margin over wholesale costs. As a result, we
believe distributors such as ourselves generally seek to maintain their per gallon margins by passing wholesale price increases through to
customers, thus insulatin ...
FORM F-9 and FORM F-3
... Debt Securities of Barrick Gold Corporation, Barrick North America Finance LLC and Barrick Gold Financeco LLC being registered on
Form F-9 and Form F-3 hereunder.
In U.S. dollars or the equivalent thereof in foreign denominated currencies or currency units or if any Debt Securities are issued at an
Corestates Capital II
... amounts then due on any Interest Payment Date (as defined herein), the Company may elect to begin a new
Extension Period subject to the requirements set forth herein. Accordingly, there could be multiple Extension
Periods of varying lengths throughout the term of the Junior Subordinated Debentures. ...
Word - corporate
... (1) There are being registered hereunder such indeterminate number of shares of common stock, $0.0001 par value per share, such
indeterminate number of shares of preferred stock, such indeterminate number of warrants to purchase common stock, units, and
such indeterminate number of debt securities a ...
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 ...
NSTAR ELECTRIC COMPANY doing business as - corporate
... changes in business and economic conditions, including their impact on interest rates, bad debt expense, and demand for our products and services, which could include
disruptive technology related to our current or future business model,
Introduction to Credit Risk Modeling, An
... Situations as the one described in the introduction suggest the need
of a loss protection in terms of an insurance, as one knows it from car or
health insurances. Moreover, history shows that even good customers
have a potential to default on their financial obligations, such that an
insurance for n ...
The Need for a Negligence Standard of Care for Credit Rating
... natural barriers to entry associated with the industry.' 8 In 2003, there were
only three nationally recognized credit rating agencies: Moody's, S&P,
and Fitch Ratings. The government has enacted legislation to increase
competition in the market, and while there are now more than three
recognized ag ...
On the Design of Collateralized Debt Obligation
... originator to bear default losses of the asset pool underlying the transaction. In all transactions
there exists a First Loss Position (FLP) which bears all default losses up to a given limit. The
FLP is defined as a fraction of the volume of the securitized asset portfolio. Investors only
bear defa ...
alternative leasing arrangements
... participants, the lenders, and the user-lessee. Let’s look at each.
Analysis by the Equity Participants: The unique feature of the leveraged lease is the nonrecourse nature of the debt. The most that the equity has at risk is the investment it has made in
the asset, generally an amount between 20% a ...
Investing in CLOs - CION Investments
... experience. This process establishes an analytical framework
within which we can maintain a consistent standard, while
allowing us to adapt our analysis based on our qualitative views
on different investment strategies and market conditions.
At the heart of our investment pr ...
Repo and Securities Lending - Federal Reserve Bank of New York
... these contracts and their motivations. This section also highlights the central role that securities
dealers play in both markets, where, alongside their own trading activity, they also act as
intermediaries (see also Pozsar, 2014). In Section 3, we describe the main vulnerabilities of repo
and secu ...
Supervision of Credit Rating Agencies: The Role of Credit Rating
... The failure of CRAs and the absence of clear
civil-law liability or market discipline and public
supervision has led to measures having to be taken
in the United States and worldwide to supervise
CRAs (for the first time), and when present, to force
up this supervision further. Apart from the failur ...
Bancroft - NYU School of Law
... o May not issue a public sales campaign prior to the filing of the registration statement. (ie
publicity may have effect of conditioning market – this is an “offer”).
o Example 1: Underwriter arranging mining public financing distributes brochure describing in
“glowing generalities” the future possi ...
Pilot Measures for the Asset Management Services of Fund
... Article 21 To provide specific asset management services for several clients, an asset
manager and a sales agency shall open a special-purpose sales and settlement account for the asset
management plan at a commercial bank qualified for the sales of funds, a designated commercial
bank engaging in th ...
SOUTHWEST AIRLINES CO
... You should carefully review the information included elsewhere and incorporated by reference in this prospectus supplement and the
accompanying prospectus and should particularly consider the following matters.
This prospectus supplement, the accompanying prospectus, and the documents we incorporate ...
nextera energy, inc. - corporate
... and Moody’s Investors Service, Inc. (if the Debentures of the Thirty-Second Series are then rated by
those rating agencies, or, if the Debentures of the Thirty-Second Series are then rated by only one of
those rating agencies, then such rating agency, or, if the Debentures of the Thirty-Second Serie ...
14. procedure for application and allotment
... a. Applications must be made only on this Application Form, or photocopy, downloaded or scanned copy of the
b. The Application List for the Units will be open to prospective investors for the duration specified in the Prospectus.
c. Please refer to the Prospectus carefully before f ...
Policy for Securities Trading
... All Monitored Employees (Category A, B and C) must disclose their Reportable Securities holdings and Trades, as
well as those of their Family Members. For more information regarding the Reporting requirements for Monitored
Employees, please refer to Section II, Reporting Requirements.
Special Rules ...
DEUTSCHE BANK AKTIENGESELLSCHAFT (Form
... The Issuer’s estimated value of the securities is equal to the sum of our valuations of the following two components of the securities: (i) a bond
and (ii) an embedded derivative(s). The value of the bond component of the securities is calculated based on the present value of the stream of
cash paym ...
... This Investor Questionnaire is intended for use with the Form of Subscription Agreement included for use in connection with initial
round offerings that are not undertaken or assisted by a placement agent where an exemption from the registration requirements of
the Securities Act is to be based on R ...
Collateralized debt obligation
A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed for the corporate debt markets, over time CDOs evolved to encompass the mortgage and mortgage-backed security (""MBS"") markets.Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed sequence, based on the cash flow the CDO collects from the pool of bonds or other assets it owns. The CDO is ""sliced"" into ""tranches"", which ""catch"" the cash flow of interest and principal payments in sequence based on seniority. If some loans default and the cash collected by the CDO is insufficient to pay all of its investors, those in the lowest, most ""junior"" tranches suffer losses first. The last to lose payment from default are the safest, most senior tranches. Consequently, coupon payments (and interest rates) vary by tranche with the safest/most senior tranches paying the lowest rates and the lowest tranches paying the highest rates to compensate for higher default risk. As an example, a CDO might issue the following tranches in order of safeness: Senior AAA (sometimes known as ""super senior""); Junior AAA; AA; A; BBB; Residual.Separate special purpose entities—rather than the parent investment bank—issue the CDOs and pay interest to investors. As CDOs developed, some sponsors repackaged tranches into yet another iteration, known as ""CDO-squared"" or ""CDOs of CDOs.""In the early 2000s, CDOs were generally diversified, but by 2006–2007—when the CDO market grew to $100s of billions—this changed. CDO collateral became dominated not by loans, but by lower level (BBB or A) tranches recycled from other asset-backed securities, whose assets were usually non-prime mortgages. These CDOs have been called ""the engine that powered the mortgage supply chain"" for nonprime mortgages, and are credited with giving lenders greater incentive to make non-prime loans leading up to the 2007-9 subprime mortgage crisis.