
Bolivia: Ex Post Assessment of Longer-Term Program
... much recent controversy—succeeded in attracting major investment, but its revenue performance has been lagging due to tax loopholes and poor administration. The fiscal situation deteriorated in two steps: first, due to much higher than expected pension costs; and second, due to a sharp increase in c ...
... much recent controversy—succeeded in attracting major investment, but its revenue performance has been lagging due to tax loopholes and poor administration. The fiscal situation deteriorated in two steps: first, due to much higher than expected pension costs; and second, due to a sharp increase in c ...
Risk Analysis of Collateralized Debt Obligations
... The financial crisis highlights the need for a holistic, objective and transparent approach to accurately measuring the risk of investment positions in portfolio credit derivatives such as collateralized debt obligations (CDOs). Portfolio credit derivatives are securities whose payoffs are tied, oft ...
... The financial crisis highlights the need for a holistic, objective and transparent approach to accurately measuring the risk of investment positions in portfolio credit derivatives such as collateralized debt obligations (CDOs). Portfolio credit derivatives are securities whose payoffs are tied, oft ...
Crouhy et al. - IME-USP
... and speci®c risk, implemented at the major G-10 banks, and used every day to report regulatory capital for the trading book. The next step for these banks is to develop a VaR framework for credit risk. The current BIS requirements for ``speci®c risk'' are quite loose, and subject to broad interpreta ...
... and speci®c risk, implemented at the major G-10 banks, and used every day to report regulatory capital for the trading book. The next step for these banks is to develop a VaR framework for credit risk. The current BIS requirements for ``speci®c risk'' are quite loose, and subject to broad interpreta ...
Online Chapter 15 LEASE FINANCING AND BUSINESS VALUATION
... debt ratios of 50 percent. Next, each firm decides to acquire a fixed asset that costs $100. Firm B borrows $100 and buys the asset, so both an asset and a liability are entered on its balance sheet, and its debt ratio rises from 50 to 75 percent. Firm L leases the equipment. The lease may call for ...
... debt ratios of 50 percent. Next, each firm decides to acquire a fixed asset that costs $100. Firm B borrows $100 and buys the asset, so both an asset and a liability are entered on its balance sheet, and its debt ratio rises from 50 to 75 percent. Firm L leases the equipment. The lease may call for ...
Relationship lending - European Investment Bank
... creditor). As companies of a lower credit quality are likely to face a higher risk of a liquidity default, they could ensure that they receive high liquidation values, choose one creditor or concentrate their borrowing on one bank, their relationship lender. Partly contradictory results are delivere ...
... creditor). As companies of a lower credit quality are likely to face a higher risk of a liquidity default, they could ensure that they receive high liquidation values, choose one creditor or concentrate their borrowing on one bank, their relationship lender. Partly contradictory results are delivere ...
Calculate - LessonPaths
... 33.Filer Manufacturing has 8 million shares of common stock outstanding. The current share price is $50, and the book value per share is $5. The company also has two bond issues outstanding. The first bond issue has a face value of $69.4 million and a coupon rate of 6.7 percent and sells for 108.6 p ...
... 33.Filer Manufacturing has 8 million shares of common stock outstanding. The current share price is $50, and the book value per share is $5. The company also has two bond issues outstanding. The first bond issue has a face value of $69.4 million and a coupon rate of 6.7 percent and sells for 108.6 p ...
Chile: 2016 Article IV Consultation-Press Release
... increase to 2 percent in 2017. Faster growth in main regional partners and more stable copper prices are expected to lift exports and investment. The recovery is, however, projected to be gradual, held back by slow wage and job growth and still low business confidence. Inflation is expected to conti ...
... increase to 2 percent in 2017. Faster growth in main regional partners and more stable copper prices are expected to lift exports and investment. The recovery is, however, projected to be gradual, held back by slow wage and job growth and still low business confidence. Inflation is expected to conti ...
Basel III Pillar 3 Regulatory Capital Disclosure Report 12.31.15
... negative effects on Synchrony’s capital structure of replacing common stock with any lower-tier form of regulatory capital issued. Further, limitations on the Bank’s payments of dividends and other distributions and payments that Synchrony receives from the Bank could limit Synchrony’s ability to pa ...
... negative effects on Synchrony’s capital structure of replacing common stock with any lower-tier form of regulatory capital issued. Further, limitations on the Bank’s payments of dividends and other distributions and payments that Synchrony receives from the Bank could limit Synchrony’s ability to pa ...
Analyst Meeting Presentation
... Includes a one-time expense from a fraud case in 1Q15, prior to any recoveries, the substantial additional provisions in 3Q15, and one-time gains from the sale of equity investments in 3Q15. Excluding these items, the 2015 ROE and ROA would stand at 17.2% and 1.9%, respectively, and cost-to-income r ...
... Includes a one-time expense from a fraud case in 1Q15, prior to any recoveries, the substantial additional provisions in 3Q15, and one-time gains from the sale of equity investments in 3Q15. Excluding these items, the 2015 ROE and ROA would stand at 17.2% and 1.9%, respectively, and cost-to-income r ...
Fannie Mae Q1 2016 Earnings Press Release
... Fannie Mae expects to remain profitable on an annual basis for the foreseeable future; however, certain factors, such as changes in interest rates or home prices, could result in significant volatility in our financial results from quarter to quarter or year to year. Fannie Mae’s future financial re ...
... Fannie Mae expects to remain profitable on an annual basis for the foreseeable future; however, certain factors, such as changes in interest rates or home prices, could result in significant volatility in our financial results from quarter to quarter or year to year. Fannie Mae’s future financial re ...
expected returns
... surprised everybody by growing above trend and the Fed’s first interest-rate hike had not derailed markets as many had feared. The world economy was also picking up, reaching escape velocity – ready to propel itself out of a scenario of disappointing and low growth rates. The Fed was expected to be ...
... surprised everybody by growing above trend and the Fed’s first interest-rate hike had not derailed markets as many had feared. The world economy was also picking up, reaching escape velocity – ready to propel itself out of a scenario of disappointing and low growth rates. The Fed was expected to be ...
FEDEX CORP (Form: 424B3, Received: 01/03/2017 08:57:53)
... The Indenture under which we will issue the notes and guarantees does not limit the amount of secured or unsecured indebtedness that we or our subsidiaries may incur. In addition, other than the provisions relating to a Change of Control Repurchase Event, the Indenture, which is described below unde ...
... The Indenture under which we will issue the notes and guarantees does not limit the amount of secured or unsecured indebtedness that we or our subsidiaries may incur. In addition, other than the provisions relating to a Change of Control Repurchase Event, the Indenture, which is described below unde ...
The Economic Viability of Microfinancing in Pennsylvania
... history of lending to microentrepreneurs, contributed to rural geographic diversity of the study, and were willing to provide data for the study. Each organization supplied the researcher with contact information for small business borrowers who had a business located in a rural county and who had r ...
... history of lending to microentrepreneurs, contributed to rural geographic diversity of the study, and were willing to provide data for the study. Each organization supplied the researcher with contact information for small business borrowers who had a business located in a rural county and who had r ...
bondch11s
... when borrowers determine that rates have bottomed out. The refinancing incentive can be measured by the difference between the mortgage portfolio's weighted average rate, referred to as the weighted average coupon rate, WAC, and the refinancing rate, REFR. A study by Goldman, Sachs, and Company foun ...
... when borrowers determine that rates have bottomed out. The refinancing incentive can be measured by the difference between the mortgage portfolio's weighted average rate, referred to as the weighted average coupon rate, WAC, and the refinancing rate, REFR. A study by Goldman, Sachs, and Company foun ...
Interest Rate Risk Management for Commercial
... hand, the resulting maturity mismatch between the assets and liabilities causes interest rate risk. While there is the incentive to bear interest rate risk due to the expected yield, there are several economic reasons why firms should manage and limit their risks (e.g. Allen and Santomero, 1998). Th ...
... hand, the resulting maturity mismatch between the assets and liabilities causes interest rate risk. While there is the incentive to bear interest rate risk due to the expected yield, there are several economic reasons why firms should manage and limit their risks (e.g. Allen and Santomero, 1998). Th ...
Kingdom of Lesotho: 2015 Article IV Consultation -
... year to ensure credibility. Containing recurrent expenditures—most importantly, the extraordinarily large government wage bill—should be central to the adjustment effort. In addition, social protection can be better targeted toward the most vulnerable. The measures that the authorities intend to inc ...
... year to ensure credibility. Containing recurrent expenditures—most importantly, the extraordinarily large government wage bill—should be central to the adjustment effort. In addition, social protection can be better targeted toward the most vulnerable. The measures that the authorities intend to inc ...
Supporting UK business - Better Business Finance
... Government departments, business representative bodies and other financial institutions to put such a fund in place. We have also looked at how we can better support trade finance for small and medium-sized businesses and have agreed a number of actions, which are outlined on pages 35 to 42. We reco ...
... Government departments, business representative bodies and other financial institutions to put such a fund in place. We have also looked at how we can better support trade finance for small and medium-sized businesses and have agreed a number of actions, which are outlined on pages 35 to 42. We reco ...
THE RELATIONSHIP BETWEEN CREDIT
... that the CDS spread for a five-year contract on Ford Motor Credit with a principal of $10 million is 300 basis points. This means that the buyer pays $300,000 per year and obtains the right to sell bonds with a face value of $10 million issued by Ford for the face value in the event of a default by ...
... that the CDS spread for a five-year contract on Ford Motor Credit with a principal of $10 million is 300 basis points. This means that the buyer pays $300,000 per year and obtains the right to sell bonds with a face value of $10 million issued by Ford for the face value in the event of a default by ...
UMS--Plain English Base Prospectus
... Since 1983, Argentina has had two consecutively elected civilian Presidents. Raúl Alfonsín, elected in 1983, was the first civilian President in six decades to remain in office until the scheduled election of a successor. His UCR Government re-established civilian rule, including a functioning Congr ...
... Since 1983, Argentina has had two consecutively elected civilian Presidents. Raúl Alfonsín, elected in 1983, was the first civilian President in six decades to remain in office until the scheduled election of a successor. His UCR Government re-established civilian rule, including a functioning Congr ...
Accounting Comparability and Loan Contracting - CEAR
... source of external financing for corporations relative to equity, and bank loans are a major component of debt. Thus it is of economic relevance to study how banks, as a major capital provider and one of the most important market participants, value accounting comparability among industry peers in a ...
... source of external financing for corporations relative to equity, and bank loans are a major component of debt. Thus it is of economic relevance to study how banks, as a major capital provider and one of the most important market participants, value accounting comparability among industry peers in a ...
Profitability and Balance Sheet Repair of Italian Banks
... banks’ earnings. In the first analysis below, forward-looking LLPs that reflect expected losses are used, along with reported LLPs (using data from SNL on provisions relative to operating income).13 Forward-looking LLPs are calibrated to the default risk of the overall loan portfolio (consistent wit ...
... banks’ earnings. In the first analysis below, forward-looking LLPs that reflect expected losses are used, along with reported LLPs (using data from SNL on provisions relative to operating income).13 Forward-looking LLPs are calibrated to the default risk of the overall loan portfolio (consistent wit ...