OSC Staff Notice 33-744 – Availability of registration exemptions to
... In Ontario, if a customer meets the definition of a “hedger” for the purposes of a trade, the customer may trade in a contract without registration if the trade is made through a dealer,5 including an unregistered foreign dealer. The term “hedger” is defined in the CFA as follows: “hedger” means a p ...
... In Ontario, if a customer meets the definition of a “hedger” for the purposes of a trade, the customer may trade in a contract without registration if the trade is made through a dealer,5 including an unregistered foreign dealer. The term “hedger” is defined in the CFA as follows: “hedger” means a p ...
A spot market model for pricing derivatives in
... of high demand for the first 6 months of a year. Since the utility does not know exactly when the load will be high (as it depends on uncertain factors, such as weather conditions), it signs an optional contract. One possibility is, that the utility simply buys a portfolio of call options giving the ...
... of high demand for the first 6 months of a year. Since the utility does not know exactly when the load will be high (as it depends on uncertain factors, such as weather conditions), it signs an optional contract. One possibility is, that the utility simply buys a portfolio of call options giving the ...
PPT
... • The interest rate measures the opportunity cost of holding money rather than interestbearing bonds. – A rise in the interest rate raises the cost of holding money and causes money demand to ...
... • The interest rate measures the opportunity cost of holding money rather than interestbearing bonds. – A rise in the interest rate raises the cost of holding money and causes money demand to ...
Trading Strategies Involving Options
... Suppose the 3-year interest rate is 6% with continuous compounding. The price today of a risk-free $1,000 par value bond is 1,000 x e-0.06x3 or $835.27 and the dollar interest earned will be 1,000 – 835.27 = $164.73 The bank finds a 3-year call option (on a stock or portfolio) costing less than $164 ...
... Suppose the 3-year interest rate is 6% with continuous compounding. The price today of a risk-free $1,000 par value bond is 1,000 x e-0.06x3 or $835.27 and the dollar interest earned will be 1,000 – 835.27 = $164.73 The bank finds a 3-year call option (on a stock or portfolio) costing less than $164 ...
The Regulation of Financial Holding Companies
... a legal rule restraining the market share of individual banks will typically be structured to treat all banks operating in a common holding company structure as a single unit. Other restrictions imposed at the holding company level are better understood as discretionary supplements to regulatory goa ...
... a legal rule restraining the market share of individual banks will typically be structured to treat all banks operating in a common holding company structure as a single unit. Other restrictions imposed at the holding company level are better understood as discretionary supplements to regulatory goa ...
Capital Market Report - World bank documents
... the markets for corporate funding (equity and debt) should expand. There are currently few significant regulatory or infrastructure obstacles for the issuance of corporate equity and debt. The key obstacle is the limited ability of the domestic investor base to absorb large issuances. As well, a com ...
... the markets for corporate funding (equity and debt) should expand. There are currently few significant regulatory or infrastructure obstacles for the issuance of corporate equity and debt. The key obstacle is the limited ability of the domestic investor base to absorb large issuances. As well, a com ...
10ADM-06 Standardized Financial Maintenance Requirements for Medicaid Applicants/Recipients
... The LDSS must compare the total reported expenses on the Financial Maintenance form to the A/R’s income and then determine if the A/R provided a sufficient explanation of how he/she is meeting monthly living expenses. For example, if an explanation is provided for each reported expense not covered b ...
... The LDSS must compare the total reported expenses on the Financial Maintenance form to the A/R’s income and then determine if the A/R provided a sufficient explanation of how he/she is meeting monthly living expenses. For example, if an explanation is provided for each reported expense not covered b ...
David Gray Remarks CBOE Update OIC Conference, Miami, Florida
... Finally, I want to conclude my update with mention of a white paper on a study of options-based funds that CBOE released in January. The study analyzed investment companies such as mutual funds, exchange-traded funds and closed-end funds that use exchange-listed options for portfolio management. I’d ...
... Finally, I want to conclude my update with mention of a white paper on a study of options-based funds that CBOE released in January. The study analyzed investment companies such as mutual funds, exchange-traded funds and closed-end funds that use exchange-listed options for portfolio management. I’d ...
Macroeconomic Stability and Financial Regulation: Key Issues for
... Berkeley, and Joel Stern Visiting Professor of International Finance at Columbia Business School. His current research interests include international macroeconomics, international finance, European bond markets and European integration. He has written extensively on globalisation, sovereign borrowi ...
... Berkeley, and Joel Stern Visiting Professor of International Finance at Columbia Business School. His current research interests include international macroeconomics, international finance, European bond markets and European integration. He has written extensively on globalisation, sovereign borrowi ...
Does the credit channel of the monetary transmission mechanisms predict Recessions:
... As mentioned earlier, our use of aggregate, as opposed to firm- and bank-level data, does not allow us to test directly for the existence of a credit channel. However, as, according to the credit channel, the spread should contribute towards the prediction of output fluctuations, our evidence for Ge ...
... As mentioned earlier, our use of aggregate, as opposed to firm- and bank-level data, does not allow us to test directly for the existence of a credit channel. However, as, according to the credit channel, the spread should contribute towards the prediction of output fluctuations, our evidence for Ge ...
the Building Capital Markets progress report
... Growth Agenda. It lays out the challenge of building well-functioning capital markets, and outlines the Government initiatives underway to enable capital markets to become a better engine for growth. For New Zealand businesses to be successful they need to be competitive. And to be competitive, they ...
... Growth Agenda. It lays out the challenge of building well-functioning capital markets, and outlines the Government initiatives underway to enable capital markets to become a better engine for growth. For New Zealand businesses to be successful they need to be competitive. And to be competitive, they ...
Financial Declaration
... Important! Do not attach financial records to this form. Financial records should be served on the other party and filed with the court separately using the Sealed Financial Source Documents cover sheet (FL All Family 011). If filed separately using the cover sheet, the records will be sealed to pro ...
... Important! Do not attach financial records to this form. Financial records should be served on the other party and filed with the court separately using the Sealed Financial Source Documents cover sheet (FL All Family 011). If filed separately using the cover sheet, the records will be sealed to pro ...
new
... – Box 2.3: Does CPI inflation overstate increases in the cost of living? • The Boskin Commission: CPI biased upwards 1-2% per year • One problem is that adjusting the price measures for changes in the quality of goods is very difficult (e.g. computer) • Price indexes with fixed sets of goods don’t r ...
... – Box 2.3: Does CPI inflation overstate increases in the cost of living? • The Boskin Commission: CPI biased upwards 1-2% per year • One problem is that adjusting the price measures for changes in the quality of goods is very difficult (e.g. computer) • Price indexes with fixed sets of goods don’t r ...
This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER International Seminar on Macroeconomics 2012
... trigger or, more importantly, lead to sovereign default situations. Currency overvaluation/undervaluation comes to mind. One could also investigate if troubles in the Periphery were not precipitated by similar issues in the Core just several periods earlier. This would be in line with the results of ...
... trigger or, more importantly, lead to sovereign default situations. Currency overvaluation/undervaluation comes to mind. One could also investigate if troubles in the Periphery were not precipitated by similar issues in the Core just several periods earlier. This would be in line with the results of ...
Recovery and Resolution Planning for Systemically Important Insurers:
... market and the ability of third parties to obtain insurance in a timely fashion and on reasonable terms. For example, certain commercial insurance lines require specialised underwriting skills and are dominated by a small number of firms with high market shares. If one of those firms were to fail an ...
... market and the ability of third parties to obtain insurance in a timely fashion and on reasonable terms. For example, certain commercial insurance lines require specialised underwriting skills and are dominated by a small number of firms with high market shares. If one of those firms were to fail an ...
Enhancing Access to Finance for Micro and Small Enterprises in Egypt
... Although the stock of micro and small enterprises has grown at an average annual rate of over four percent during the past ten years, and micro and small enterprise employment has increased at an annual rate of over five percent, the micro and small enterprise sector is highly vulnerable. The averag ...
... Although the stock of micro and small enterprises has grown at an average annual rate of over four percent during the past ten years, and micro and small enterprise employment has increased at an annual rate of over five percent, the micro and small enterprise sector is highly vulnerable. The averag ...
Covered Bonds-Are they the future?
... public sector loans. Investors have a preferential claim to the debt from the issuer, which is subject to public supervision and regulation. They are a type of derivative investment. They are similar to, but considered much safer than, asset-backed (ABS) and mortgage-backed (MBSs) securities. ...
... public sector loans. Investors have a preferential claim to the debt from the issuer, which is subject to public supervision and regulation. They are a type of derivative investment. They are similar to, but considered much safer than, asset-backed (ABS) and mortgage-backed (MBSs) securities. ...
Income Report Card: Bonds | June 2017
... Bloomberg Barclays U.S. Credit Index is an index composed of corporate and non-corporate debt issues that are rated investment grade (Baa3/BBB) or higher. Bloomberg Barclays U.S. Mortgage Backed Securities (MBS) Index tracks the mortgage-backed pass-through securities of Ginnie Mae (GNMA), Fannie Ma ...
... Bloomberg Barclays U.S. Credit Index is an index composed of corporate and non-corporate debt issues that are rated investment grade (Baa3/BBB) or higher. Bloomberg Barclays U.S. Mortgage Backed Securities (MBS) Index tracks the mortgage-backed pass-through securities of Ginnie Mae (GNMA), Fannie Ma ...
A Different Way to Invest
... Mutual fund data is from the CRSP Mutual Fund Database, provided by the Center for Research in Security Prices, University of Chicago. Certain types of equity and fixed income funds were excluded from the performance study. For equities, sector funds and funds with a narrow investment focus, such as ...
... Mutual fund data is from the CRSP Mutual Fund Database, provided by the Center for Research in Security Prices, University of Chicago. Certain types of equity and fixed income funds were excluded from the performance study. For equities, sector funds and funds with a narrow investment focus, such as ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.