What is the role of credit rating agencies in our global financial system? Learn how credit ratings on securities are created and used. Part of a continuing series of introductory seminars for the financial services industry. We develop custom training, contact us for a quote or discussion of your needs.
Credit Rating Process with Respect to Corporate DebtSumit Kumar Singh
Volatility in the financial market is becoming common day by day as we are becoming more and more intensive towards global market. The importance of Credit Rating Agencies has gone up because an investor can't always keep track on key 'Financial Metrics' of companies. So investors try to fix this with the help of ratings assigned by Recognized Rating Agencies
Mrotek Schmitz 2010 Cas Annual Meeting Finalkylemrotek
The rise and fall of subprime mortgage securitizations contributed in part to the ensuing credit crisis
and financial crisis of 2008. Some participants in the subprime-mortgage-backed securities market relied at least
in part on analyses grounded in the loss development factor (LDF) method, and many did not conduct their own
credit analyses, relying instead on the work of others such as securities brokers and rating agencies. In some
cases, the parties providing these analyses may have lacked the independence, or at least the appearance of it, that
would have likely better served the market.
A new appreciation for the value of independent analysis is clearly a silver lining and an important lesson to be
taken from the crisis. Actuaries are well positioned to lend assistance to the endeavor.
Mortgages are long-duration assets and, similarly, mortgage credit losses are relatively long-tailed. As casualty
actuaries are aware, the LDF method has inherent limitations associated with immature development. The
authors in this paper will cite examples of parties relying on the LDF or similar methods for projecting subprime
mortgage credit losses, highlight the limitations of relying exclusively on such methods for projecting subprime
mortgage credit performance, and conclude by offering general enhancements for an improved approach that
considers the underwriting characteristics of the underlying loans as well as economic factors.
Le società sono impegnate in nuove tipologie di progetti e hanno a disposizione nuovi strumenti tecnologici e nuove metodiche, dunque è chiaro come al momento attuale sia necessaria una riorganizzazione lavorativa, un nuovo approccio organizzativo. In queste slide potrete trovare dei suggerimenti per una comunicazione più efficiente.
What is the role of credit rating agencies in our global financial system? Learn how credit ratings on securities are created and used. Part of a continuing series of introductory seminars for the financial services industry. We develop custom training, contact us for a quote or discussion of your needs.
Credit Rating Process with Respect to Corporate DebtSumit Kumar Singh
Volatility in the financial market is becoming common day by day as we are becoming more and more intensive towards global market. The importance of Credit Rating Agencies has gone up because an investor can't always keep track on key 'Financial Metrics' of companies. So investors try to fix this with the help of ratings assigned by Recognized Rating Agencies
Mrotek Schmitz 2010 Cas Annual Meeting Finalkylemrotek
The rise and fall of subprime mortgage securitizations contributed in part to the ensuing credit crisis
and financial crisis of 2008. Some participants in the subprime-mortgage-backed securities market relied at least
in part on analyses grounded in the loss development factor (LDF) method, and many did not conduct their own
credit analyses, relying instead on the work of others such as securities brokers and rating agencies. In some
cases, the parties providing these analyses may have lacked the independence, or at least the appearance of it, that
would have likely better served the market.
A new appreciation for the value of independent analysis is clearly a silver lining and an important lesson to be
taken from the crisis. Actuaries are well positioned to lend assistance to the endeavor.
Mortgages are long-duration assets and, similarly, mortgage credit losses are relatively long-tailed. As casualty
actuaries are aware, the LDF method has inherent limitations associated with immature development. The
authors in this paper will cite examples of parties relying on the LDF or similar methods for projecting subprime
mortgage credit losses, highlight the limitations of relying exclusively on such methods for projecting subprime
mortgage credit performance, and conclude by offering general enhancements for an improved approach that
considers the underwriting characteristics of the underlying loans as well as economic factors.
Le società sono impegnate in nuove tipologie di progetti e hanno a disposizione nuovi strumenti tecnologici e nuove metodiche, dunque è chiaro come al momento attuale sia necessaria una riorganizzazione lavorativa, un nuovo approccio organizzativo. In queste slide potrete trovare dei suggerimenti per una comunicazione più efficiente.
API Spleunking – Discovering the secret gems of the Jive Apps API More precious that emeralds! Move valuable than diamonds! We'll show advanced tips like how to dynamically application presentation based on social context, scope the visibility of activity streams, and application lifecycle events. Discover the secret gems of the Jive Apps API and learn how to make your apps more powerful!
In life, there are universal laws that govern everything we do. These laws are so perfect that if you were to align yourself with them, you could have so much prosperity that it would be coming out of your ears. This is because God created the universe in the image and likeness of him. It is failure to follow the universal laws that causes one to fail. The laws that were created consist of the following: ·
Law of Gratitude: The Law of Gratitude states that you must show gratitude for what you have. By having gratitude, you actually speed your growth and success faster than you normally would. This is because if you appreciate the things you have, even if they are small things, you are open to receiving more.
Law of Attraction: The Law of Attraction states that if you focus your attention on something long enough you will get it. It all starts in the mind. You think of something and when you think of it, you manifest that in your life. This could be a mental picture of a check, or actual cash, but you think about it with an image.
Law of Karma: the Law of Karma states that if you go out and do something bad, it will come back to you with something bad. If you do well for others, good things happen to you. The principle here is to know you can create good or bad through your actions. There will always be an effect no matter what.
Law of Love: the Law of Love states that love is more than emotion or feeling; it is energy. It has substance and can be felt. Love is also considered acceptance of oneself or others. This means that no matter what you do in life, if you do not approach or leave the situation out of love, it won't work.
Law of Allowing: The Law of Allowing states that in order for us to get what we want, we must be receptive to it. We can't merely say to the Universe that we want something if we don't allow ourselves to receive it. This will defeat our purpose for wanting it in the first place.
Law of Vibration: the Law of Vibration states that if you wish on something and use your thoughts to visualize it, you are half way there to getting it. In order to complete the cycle you must use the Law of Vibration to feel the part of what you want. Do this and you'll have anything you want in life.
For everything to function properly there has to be structure. Without structure, our world or universe in fact, would be in utter chaos. Successful people understand the universal laws and apply them daily. They may not acknowledge that to you, but they do follow the laws. There is a higher power and this higher power controls the universe and what we get out of it. People who know this, but wish to direct their own lives, follow the reasons. Successful people don't sit around and say "I'll try," they say yes and act on it.
The law of attraction is the most powerful force in the universe. If you work against it, it can only bring you pain and misery. Successful people know this but have kept it hidden from the lower class for centuries.
jimmy stepanian | Real estate commercial financing ideas | Jim stepanian |Jimmy Stepanian
The best real estate pros know a top deal when they see one. What is their secret? First, they have an exit plan the best deals are the ones where you realize you can walk away from.
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Chaim Citronenbaum has more than 10 years of experience in real estate. He is the owner of a real estate firm. He describes here all the financing option in real estate.
Cracking the Vault: Challenges & Obstacles in Acquisition of Banks’ Real Estate Assets by Jon Winick, President, Clark Street Capital. Presented at GreenPearl Events' Distressed Real Estate Summit Chicago on May 13, 2010.
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
1. CIS Properties LLC (USA)
(A Delaware, USA Limited Liability Company)
Private Placement
Maximum Offering Amount: $1,000,000,000
Price: US$250,000 per Series-A Preferred LLC Interest
Dividend Payment Rate of 7-15% per annum (Payable in
each Calendar Quarter)
1
2. CIS Properties LLC (USA)
(A Delaware, USA Limited Liability Company)
Investment Targets
Distressed And Under-Valued:
Commercial real estate
Commercial Whole Loans
CMBS
In Russia and CIS countries
2
3. CIS Properties LLC (USA)
(A Delaware, USA Limited Liability Company)
Market Overview
The combination of a credit crunch, lower consumer confidence,
increased consumer debt, and reduced consumer spending keep reducing
occupancy levels and property values in the commercial real estate sector
Sales of commercial properties has declined 58% globally
And hotel sales declined the most : down 75% globally
About US$10 billion of commercial property worldwide has been
foreclosed upon or transferred back to lenders (Feb09)
And US$72 billion was in default state (Feb09)
Many real estate developers cannot refinance short-term construction
loans
More CMBS and commercial mortgages are likely to default
Un-leveraged annual returns are about 22-34% for commercial
properties in Russia/CIS compared to 6-12% in the US and Western
Europe
3
4. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Market Forecast
REAL ESTATE CREDITS & CMBS
There will be more M&A deal between Low levels of the credit availability
the financial instructions and developers Financial institutions will be willing to
We expect a substantial discount for credit only nearly ready projects
the properties of banks, developers and The mortgage market will not develop
construction companies, as they will until years 2011-2012
struggle to raise cash or avoid More developers will have problems
bankruptcy of default its credit obligation.
The shortage of new properties and New construction market will return to
development market that will happen the numbers of late 1990-s.
during the year 2010 will evolve in new The restructuring of developers’ loans
deficit of the properties in years 2011 – will end: shortage of liquid funds
2012. We expect financial institutions to
The availability of empty rental spaces keep interest rates high in order to
will increase the sub-rental market minimize risks
4
5. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Investment Strategies
Sell the asset for a profit
Re-position the asset
Re-negotiate agreements/mortgages/leases
Hold the asset and earn a cash-on-cash return
Asset swaps
Re-package and spin-off the asset
5
6. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Earning Revenues
Returns on investments from:
JVs with real estate developers (un-completed projects)
Existing distressed institutional-grade commercial real
estate
Whole loans and commercial leases
Commercial Mortgage Backed Securities
And
Fees for providing the equity (equity/mezzanine/bridge
financing/senior debt)
6
7. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Investor’s Exit
Expected holding period is 4-6 years
Exit via:
Redemption of Preferred LLC Interest
Special Distributions to holders of Preferred LLC
Interests
Recoupment and Post-Recoupment Payments
IPO
Spin-off of assets into a public fund
7
8. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Team Strength
Experience in commercial real estate and
mortgages
Experience in analyzing and managing
commercial properties
Knowledge of sophisticated financial
transactions, joint ventures and alliances.
Ability to identify under-valued assets
Ability to identify sources of value
Strategic Alliance with Colliers International
for Due Diligence and deal-sourcing 8
9. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Strategic Alliance Partners
CIS Properties outsources critical functions * to the experts:
Colliers International will perform Due Diligence, handle
property management; and assist in identifying assets for
acquisition.
RBR LLC is a highly reputable engineering, due diligence and
consulting firm that is based in Russia. RBR LLC will perform due
diligence and assist in identifying assets for acquisition.
* Appraisals, property management, deal-sourcing
9
10. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Competitive Advantages
Above-average Returns *: 7-15% per annum paid quarterly
for at least 2 years.
Minimal Re-Investment Risk For First Two Years: 7-15% per
annum paid quarterly for at least 2 years.
Professionalism: Experienced team and strategic alliances
with Colliers International and RBR LLC.
Tax-Free Asset Swaps: Opportunities to avoid the necessity
of writing-down assets via asset swaps.
Tax Benefits: Shield from bankruptcy proceedings and obtain
tax benefits.
* YTM for 3-YR US Treasury was 1.49%; 5YR UST at 2.37%; 30YR US
Treasury was at 4.16%; YTM for 3-YR UK Gilt was 1,69%; 5YR at 2,74%; 30YR
at 4,19% (Quotes as of 18th Sept 2009) http://markets.ft.com/markets/bonds.asp
10
11. CIS Properties LLC (USA)
(Delaware, USA, Limited Liability Company)
Offering Details
Commencement Of Offering………….…September 25, 2009
Termination Of Offering………….…After November 30, 2010
Face Value…………………..US$250,000 per Preferred LLC Interest
Dividend Rate ……………7-15% per annum paid quarterly
(payable until the “Recoupment” is completed)
Recoupment…………….Starts on the 2nd Anniversary of the
Closing Date and pays pro-rata share of the quarterly Operating
Income until the Face Value is paid back.
Post-recoupment…..…..Starts after Recoupment and pays pro-
rata share of quarterly Operating Income.
Redemption………………Starts on the 5th Anniversary of the
Closing Date.
Eligible Investors……………Only “Accredited Investors” who sign
the Subscription Agreement
* Accrual Rate of 7% per annum ** Closing Date – Date of the purchase of Preferred LLC Interest 11
12. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Estimated Quarterly Cash-Flow Schedule For
Series-A Preferred LLC Interests
(one of several possible schedules of payments)
12
13. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Investment Criteria For Loans
(sample criteria for whole loans)
Minimum Loan Face Value is US$10 Million.
Maximum purchase price as percentage of face Value shall be
60%.
Underlying property should be investment-grade office, retail,
industrial, multifamily, hotel or mixed-used property.
Gross Leasable Area must exceed 1,000 Sq.M.
At least 50% of GLA should be rented by tenants whose
annual sales and operating income exceed US$3 Million and
US$600,000 respectively.
Positive NPV, and a minimum cash-flow-only-IRR of 25% over
2-4 year holding period.
3-year Average Occupancy Rate greater than 80%
13
14. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Risk Management & Governance
Pre-acquisition third-party Due Diligence and asset appraisals.
Annual or semi-annual third-party asset appraisals.
Investment Committee.
Audit Committee.
Strategic plans and continuous risk evaluation.
Compliance and Corporate Governance functions.
May use derivatives to hedge any interest rate exposure and/or
currency exposure that arises from purchases of CMBS and Whole
Loans.
Use of third-party credit enhancement: guarantees, insurance, etc.
14
15. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
Contact Details
Mike Nwogugu
Email: mcn2225@aol.com
Phone: 1-917-889-4716
Address: P O Box 996, Newark, New Jersey 07101, USA
Alex Gordienko
E-mail: alekseygodienko@yahoo.com
Phone +7-912-600-7016
Address: 96 Kosmonavtov Ave, office 33, Yekaterinburg, Russia,
620135
Olga Duka
E-mail: olga.duka@gmail.com
Phone: +7 903 618 92 84
Address: 85 Gagarin str., flat 24, Zhukovsky, Russia, 140160
16. CIS Properties LLC (USA)
(A Delaware, USA, Limited Liability Company)
THIS DOCUMENT IS NOT AN OFFERING IN
ANY JURISDICTION. INVESTORS MUST
REVIEW THE OFFERING MEMORANDUM,
CONDUCT DUE DILIGENCE AND CONSULT
THEIR LEGAL AND FINANCIAL ADVISORS
BEFORE INVESTING. EACH INVESTOR WILL
BE REQUIRED TO SIGN A SUBSCRIPTION
AGREEMENT BEFORE INVESTING IN THIS
VENTURE.
16