Disclosure of Model and Assumptions Used to Determine RMBS
... probabilities are calculated, a Monte-Carlo simulation is used in which a random drawing against these calculated probabilities determines how the loan transitions or terminates each month. The loss severity of defaulted loans is projected based on collateral deficiency (unpaid balance less REO sale ...
... probabilities are calculated, a Monte-Carlo simulation is used in which a random drawing against these calculated probabilities determines how the loan transitions or terminates each month. The loss severity of defaulted loans is projected based on collateral deficiency (unpaid balance less REO sale ...
Scenario Review - Mexico
... cease to fall within the definition of Eligible Counterparty or Professional Client, you should not rely upon the information contained herein and should notify Itau BBA UK Securities Limited immediately. The information herein does not apply to, and should not be relied upon by retail customers. In ...
... cease to fall within the definition of Eligible Counterparty or Professional Client, you should not rely upon the information contained herein and should notify Itau BBA UK Securities Limited immediately. The information herein does not apply to, and should not be relied upon by retail customers. In ...
Statement of Financial Condition
... UBS Financial Services Inc. Notes to Consolidated Statement of Financial Condition (continued) (Unaudited) June 30, 2016 (Amounts in Thousands of Dollars) 2. Summary of Significant Accounting Policies (continued) Management makes estimates regarding valuations of certain assets and liabilities, the ...
... UBS Financial Services Inc. Notes to Consolidated Statement of Financial Condition (continued) (Unaudited) June 30, 2016 (Amounts in Thousands of Dollars) 2. Summary of Significant Accounting Policies (continued) Management makes estimates regarding valuations of certain assets and liabilities, the ...
Monetary_policy-Nega.. - National Defence College
... deposit will find few depositors as savers will instead hold cash. However, interest paid by central banks (CB) against holding banks excess can be negative. For example in July 2009 Sweden's Riksbank was the first CB to use negative interest rates — lowering its deposit rate to -25 bps or — 0.25 pe ...
... deposit will find few depositors as savers will instead hold cash. However, interest paid by central banks (CB) against holding banks excess can be negative. For example in July 2009 Sweden's Riksbank was the first CB to use negative interest rates — lowering its deposit rate to -25 bps or — 0.25 pe ...
December 2016 - Amundi Research Center
... countries, with the United States in the lead was, with the rise in price indices, a good reason to anticipate a rise in long rates. But that is underestimating key factors such as – the fear of – secular stagnation, the role and impact of QE, budget constraints in Europe (austerity), protracted def ...
... countries, with the United States in the lead was, with the rise in price indices, a good reason to anticipate a rise in long rates. But that is underestimating key factors such as – the fear of – secular stagnation, the role and impact of QE, budget constraints in Europe (austerity), protracted def ...
Central bank monitoring – December 2015
... reinvest principal payments from its holdings of agency debt and agency mortgage-backed securities. Maturing Treasury securities are being rolled over. An increase in interest rates is expected in December 2015, partly due to a faster-than-expected rise in the number of jobs and a related drop in th ...
... reinvest principal payments from its holdings of agency debt and agency mortgage-backed securities. Maturing Treasury securities are being rolled over. An increase in interest rates is expected in December 2015, partly due to a faster-than-expected rise in the number of jobs and a related drop in th ...
Developments in Banking Capital and Liquidity
... ― Cash, government paper and securities maturing within 12 months ― Exchange traded listed equities and physical traded commodities 85%) ― Loan assets maturing within 1 year (0 – 50% depending on counterparty) ― Off balance sheet credit and liquidity facilities also require some stable funding ...
... ― Cash, government paper and securities maturing within 12 months ― Exchange traded listed equities and physical traded commodities 85%) ― Loan assets maturing within 1 year (0 – 50% depending on counterparty) ― Off balance sheet credit and liquidity facilities also require some stable funding ...
Asian Total Return Bond Fund
... FIL Investment Management (Singapore) Limited [FIMSL] (Co. Reg. No.: 199006300E) is a responsible entity for the fund in Singapore. Prospectus of the fund is available from FIMSL or its distributors upon request. Potential investors should read the prospectus before investing. All views expressed an ...
... FIL Investment Management (Singapore) Limited [FIMSL] (Co. Reg. No.: 199006300E) is a responsible entity for the fund in Singapore. Prospectus of the fund is available from FIMSL or its distributors upon request. Potential investors should read the prospectus before investing. All views expressed an ...
Closed-End Fund GGM Guggenheim Credit Allocation Fund
... Risks and Other Considerations There can be no assurance that the Fund will achieve its investment objective. The value of the Fund will fluctuate with the value of the underlying securities. Historically, closed-end funds often trade at a discount to their net asset value. The Fund is subject to in ...
... Risks and Other Considerations There can be no assurance that the Fund will achieve its investment objective. The value of the Fund will fluctuate with the value of the underlying securities. Historically, closed-end funds often trade at a discount to their net asset value. The Fund is subject to in ...
Helyette Geman - slides - Oxford-Man Institute of Quantitative Finance
... → In the last 100 years, there have been a number of cycles of boom. The end of the 1970s boom can be identified with the crash in 1980 of precious commodities – and the failure of the famous Hunt brothers’ squeeze of the silver market. Then followed nearly 20 years of stagnation in commodity prices ...
... → In the last 100 years, there have been a number of cycles of boom. The end of the 1970s boom can be identified with the crash in 1980 of precious commodities – and the failure of the famous Hunt brothers’ squeeze of the silver market. Then followed nearly 20 years of stagnation in commodity prices ...
Chapter 4
... affect desired consumption and saving. This is called the Ricardian Equivalence Proposition. The Ricardian Equivalence Proposition holds only when consumers take into account offsetting changes in future taxes. In the case this assumption does not hold, higher current taxes reduces desired current c ...
... affect desired consumption and saving. This is called the Ricardian Equivalence Proposition. The Ricardian Equivalence Proposition holds only when consumers take into account offsetting changes in future taxes. In the case this assumption does not hold, higher current taxes reduces desired current c ...
The fall of the New Zealand dollar
... The countries of the European Monetary Union have a net current account position which is very close to balance at present – neither surplus nor deficit – but the euro has been depreciating more or less steadily since its inception at the beginning of 1999. There is certainly more to it than current ...
... The countries of the European Monetary Union have a net current account position which is very close to balance at present – neither surplus nor deficit – but the euro has been depreciating more or less steadily since its inception at the beginning of 1999. There is certainly more to it than current ...
Basel II
... Basel II operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from outside events. What does that mean exactly? The financial regulation, created by the Basel Committee on Banking Supervision, acknowledges that how operational ...
... Basel II operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from outside events. What does that mean exactly? The financial regulation, created by the Basel Committee on Banking Supervision, acknowledges that how operational ...
Deriving Simple and Adjusted Financial Rates of Return on
... Therefore, the two survey periods after this time included a third product, Southern pine chip-n-saw. Chip-n-saw trees are Southern pines 9.0 to 12.9 inches d.b.h. All trees < 9.0 inches d.b.h. are still treated as pulpwood, and trees ≥ 13.0 inches d.b.h. are treated as sawtimber trees. This modific ...
... Therefore, the two survey periods after this time included a third product, Southern pine chip-n-saw. Chip-n-saw trees are Southern pines 9.0 to 12.9 inches d.b.h. All trees < 9.0 inches d.b.h. are still treated as pulpwood, and trees ≥ 13.0 inches d.b.h. are treated as sawtimber trees. This modific ...
CARPENTER TECHNOLOGY CORP
... Cautionary Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those pro ...
... Cautionary Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those pro ...
Money, Banking, and the Financial System (Hubbard/O`Brien)
... AACSB: Reflective Thinking 4) All of the following were significant changes in the mortgage market in the 2000s EXCEPT A) investment banks became significant participants in the secondary mortgage market. B) lenders loosened lending standards. C) mortgage-backed securities became more popular with i ...
... AACSB: Reflective Thinking 4) All of the following were significant changes in the mortgage market in the 2000s EXCEPT A) investment banks became significant participants in the secondary mortgage market. B) lenders loosened lending standards. C) mortgage-backed securities became more popular with i ...
Financial News
... From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this news release, in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission and in other communications. All such statements ar ...
... From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this news release, in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission and in other communications. All such statements ar ...
The Pro-cyclical Effects of Bank Capital on Bank Lending: A Case of Kazakhstan:
... the financial crisis began, the banking sector‟s excessive risk-taking as well as the lack of oversight and supervision by regulators became the major factors to be blamed for the current banking crisis. In addition, the responses by the banking sector and regulatory authority after the initial liqu ...
... the financial crisis began, the banking sector‟s excessive risk-taking as well as the lack of oversight and supervision by regulators became the major factors to be blamed for the current banking crisis. In addition, the responses by the banking sector and regulatory authority after the initial liqu ...
Dynamic analysis of bankruptcy and economic waves
... probabilities data are compared with the evolutio n of the GNP and some results of causality analysis are described. Finally, in section 6 examples of control methodology are agreed. The goal of the control is the selection of a policy for avoiding systemic risk. 2. The bankruptcy laws and the finan ...
... probabilities data are compared with the evolutio n of the GNP and some results of causality analysis are described. Finally, in section 6 examples of control methodology are agreed. The goal of the control is the selection of a policy for avoiding systemic risk. 2. The bankruptcy laws and the finan ...
ECCU_en.pdf
... have positive spillovers on the transportation and communications sectors. Wholesale and retail trade activities are expected to grow exponentially as a consequence of these drivers. Positive impacts are also expected in the agricultural sector. However, continued fiscal consolidation strategies sho ...
... have positive spillovers on the transportation and communications sectors. Wholesale and retail trade activities are expected to grow exponentially as a consequence of these drivers. Positive impacts are also expected in the agricultural sector. However, continued fiscal consolidation strategies sho ...
destia`s operating result improved compared to the previous year
... Destia’s revenue and operating profit for 2017 are expected to grow slightly from the previous year. President & CEO Hannu Leinonen comments on the reporting period: “The first three-year period of Destia’s strategy, which extends until 2022, was completed in 2016 in a positive atmosphere. In the fi ...
... Destia’s revenue and operating profit for 2017 are expected to grow slightly from the previous year. President & CEO Hannu Leinonen comments on the reporting period: “The first three-year period of Destia’s strategy, which extends until 2022, was completed in 2016 in a positive atmosphere. In the fi ...
CFTC Brings First Bitcoin Enforcement Action, Further Clarifying U.S.
... currencies used to represent non-financial information (for example, the way the company Tierion does) or to represent ownership of another asset (for example, cars, mortgages or other financial assets, the way Digital Asset Holdings, a company run by Blythe Masters, does) would be “commodities” und ...
... currencies used to represent non-financial information (for example, the way the company Tierion does) or to represent ownership of another asset (for example, cars, mortgages or other financial assets, the way Digital Asset Holdings, a company run by Blythe Masters, does) would be “commodities” und ...
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.