Securitization is the process in which certain types of assets are pooled so that they can be repacked into interest bearing securities. The interest and principal amount from the assets are passed through the purchases of securities.
Discussion preparation as a personal financialSteven Powell
We have spent the time and put forth the effort to schedule an appointment with our top customer/client. He will be meeting with me Wednesday at 9:30 am. What will we talk about? Will I make this meeting beneficial? Will the discussion encourage future meetings? Success will depend on how well we prepare.
This document compares and contrasts equity funds, debt funds, direct equity investment, and fixed deposits. It discusses the key differences between equity and debt in terms of ownership, tenure, risk, and reward. It also provides examples of different types of equity and debt mutual funds and their investment objectives. The document outlines benefits of equity funds like small capital requirements, diversification, professional management, and the power of compounding returns. It contrasts direct equity and equity funds in terms of requirements and management. Finally, it compares debt funds to fixed deposits in terms of returns, liquidity, interest rate sensitivity, and risk level.
Financing a business involves determining capital needs and suitable sources of financing. The cost of capital depends on risk, with debt usually being cheapest and equity most expensive. The objective is to maximize low-cost debt and structure financing to match business needs. A budget and cash flow forecast are created to determine what debt levels can be supported and establish an optimal capital structure. Retained earnings have a lower cost than other equity sources since management controls the business.
This document discusses how a callable credit default swap could alleviate asymmetric information problems between borrowers and lenders. It would do so by increasing screening and monitoring incentives for lenders through the option to cancel protection. This would allow lenders to signal private information and distinguish high-quality assets. A callable CDS with narrower credit events could increase screening, reduce lemon problems, boost monitoring, and decrease premature default triggers. The findings suggest this approach could make other solutions feasible by addressing information asymmetry issues.
Find out how banks and credit unions calculate the required reserve for impaired loans in the loan portfolio. This session reviews the three most common methods for impairment analysis: Present Value of Future Cash Flow, Market Value of Collateral and Loan Pricing. Visit www.sageworks.com for more resources on the allowance for banks.
Securitization involves pooling financial assets like loans and repackaging them into securities that are sold to investors. This process reduces risk for lenders by transferring it to investors. However, it also creates incentive problems by focusing only on quantitative loan data rather than qualitative soft information about borrowers. During the subprime crisis, overreliance on securitization led banks to make riskier loans that they offloaded, fueling a bubble. When borrowers defaulted, the financial system suffered as the risks spread widely through complex securities. Government intervention was needed to rescue failing banks and stabilize the markets.
This deck explains how banks and credit unions calculate the FAS 5 or pooled loans part of the reserve under the incurred loss model. The session defines available methodologies, explains some of the pros and cons of each and helps bankers plan for that part of the allowance for loan and lease losses. (ALLL)
To see how your bank or credit union can comply with FAS 5 regulations, watch a video of Sageworks ALLL http://web.sageworks.com/alll/
This document discusses the risks involved in structured finance transactions that rating agencies must assess beyond traditional credit risks. It identifies four categories of non-credit risks: 1) risks from the liability structure due to conflicting interests between different tranches, 2) risks from the underlying asset pool such as prepayment risk, 3) risks from third parties whose performance could impact the transaction, and 4) legal and documentation risks. It highlights how rating agencies evaluate these risks through cash flow analysis under various scenarios to determine appropriate credit enhancements and assign ratings. Structural features like waterfall payment rules and excess spread rules aim to balance competing investor interests, but conflicting incentives remain an ongoing challenge.
Discussion preparation as a personal financialSteven Powell
We have spent the time and put forth the effort to schedule an appointment with our top customer/client. He will be meeting with me Wednesday at 9:30 am. What will we talk about? Will I make this meeting beneficial? Will the discussion encourage future meetings? Success will depend on how well we prepare.
This document compares and contrasts equity funds, debt funds, direct equity investment, and fixed deposits. It discusses the key differences between equity and debt in terms of ownership, tenure, risk, and reward. It also provides examples of different types of equity and debt mutual funds and their investment objectives. The document outlines benefits of equity funds like small capital requirements, diversification, professional management, and the power of compounding returns. It contrasts direct equity and equity funds in terms of requirements and management. Finally, it compares debt funds to fixed deposits in terms of returns, liquidity, interest rate sensitivity, and risk level.
Financing a business involves determining capital needs and suitable sources of financing. The cost of capital depends on risk, with debt usually being cheapest and equity most expensive. The objective is to maximize low-cost debt and structure financing to match business needs. A budget and cash flow forecast are created to determine what debt levels can be supported and establish an optimal capital structure. Retained earnings have a lower cost than other equity sources since management controls the business.
This document discusses how a callable credit default swap could alleviate asymmetric information problems between borrowers and lenders. It would do so by increasing screening and monitoring incentives for lenders through the option to cancel protection. This would allow lenders to signal private information and distinguish high-quality assets. A callable CDS with narrower credit events could increase screening, reduce lemon problems, boost monitoring, and decrease premature default triggers. The findings suggest this approach could make other solutions feasible by addressing information asymmetry issues.
Find out how banks and credit unions calculate the required reserve for impaired loans in the loan portfolio. This session reviews the three most common methods for impairment analysis: Present Value of Future Cash Flow, Market Value of Collateral and Loan Pricing. Visit www.sageworks.com for more resources on the allowance for banks.
Securitization involves pooling financial assets like loans and repackaging them into securities that are sold to investors. This process reduces risk for lenders by transferring it to investors. However, it also creates incentive problems by focusing only on quantitative loan data rather than qualitative soft information about borrowers. During the subprime crisis, overreliance on securitization led banks to make riskier loans that they offloaded, fueling a bubble. When borrowers defaulted, the financial system suffered as the risks spread widely through complex securities. Government intervention was needed to rescue failing banks and stabilize the markets.
This deck explains how banks and credit unions calculate the FAS 5 or pooled loans part of the reserve under the incurred loss model. The session defines available methodologies, explains some of the pros and cons of each and helps bankers plan for that part of the allowance for loan and lease losses. (ALLL)
To see how your bank or credit union can comply with FAS 5 regulations, watch a video of Sageworks ALLL http://web.sageworks.com/alll/
This document discusses the risks involved in structured finance transactions that rating agencies must assess beyond traditional credit risks. It identifies four categories of non-credit risks: 1) risks from the liability structure due to conflicting interests between different tranches, 2) risks from the underlying asset pool such as prepayment risk, 3) risks from third parties whose performance could impact the transaction, and 4) legal and documentation risks. It highlights how rating agencies evaluate these risks through cash flow analysis under various scenarios to determine appropriate credit enhancements and assign ratings. Structural features like waterfall payment rules and excess spread rules aim to balance competing investor interests, but conflicting incentives remain an ongoing challenge.
Convertible debt financing involves providing a company with a loan that can later be converted to equity shares in the company. It is commonly used as a "bridge" between equity funding rounds. Key aspects of convertible debt include interest rates of 6-10%, conversion discounts of 15-25% off the price of future rounds, and automatic or optional conversion upon certain triggers like new funding rounds or maturity of the debt. While simpler than equity deals in some ways, convertible debt agreements can also become complex with additional terms governing stock rights, board seats, and valuation caps. Both entrepreneurs and investors face pros and cons from using convertible debt versus traditional equity.
Financial instruments & marketability of securitiesvasishta bhargava
Financial instruments can be categorized as debt, equity, or delayed equity capital. Some common financial instruments are certificates of deposit, commercial paper, mortgages, term loans, venture capital, shares, bonds, debentures, mutual funds, and treasury bills. The marketability of securities depends on factors such as liquidity, price/earnings multiple, return on investment, and debt/equity ratio. The quantity and timing of an issue, as well as the cost and issue procedure, also impact the marketability of securities in the primary and secondary markets.
Baker Hill Prosper 2017 - Grow, Optimize, Protect: Using Business Intelligenc...Baker Hill
Presented by James McHale
Regional community banks and credit unions understand they must outperform their national brand competitors when it comes to fully engaging their customers -- but sometimes overlook their direct and/or online-only banking counterparts. This session showed how advanced analytics tools provide unique actionable insights which, when coupled with a sustained marketing strategy, help them compete more effectively to maximize customer acquisition, engagement and retention -- and most importantly profit.
Derivatives
Historical - Presentation from 2007, slides mention Lehman - which obviously doesn't exist for reasons we all know - the subject explores in depth - Derivatives.
This document summarizes Greg Zabikow's presentation on Aon Corporation's implementation of regional treasury centers. Some key points:
- Aon established treasury hubs in Amsterdam, Chicago, and Singapore to centralize cash management activities and improve controls. This included consolidating banking relationships and standardizing processes.
- The hub in Amsterdam focused on integrating treasury operations across Europe. This provided benefits like reduced costs, improved investment returns, and better compliance.
- Setting up the hubs involved due diligence of existing practices, developing an integration approach, selecting technology, and allocating operations across locations. Challenges included gaining support and addressing delays.
- Benefits of the regional hub
Open Business Council offers resources, Trade Finance, business advice, SME Finance and a forum and directory for businesses!
http://www.openbusinesscouncil.org/
This document discusses current liabilities management. It describes analyzing credit terms offered by suppliers, including stretching accounts payable to delay payments as late as possible without damage to credit rating. It also discusses the role of current liabilities in the cash conversion cycle and accruals being liabilities for services received where payment has yet to be made. Additionally, it outlines secured and unsecured sources of short term loans, with secured loans having specific assets pledged as collateral and mentioning the use of inventory as collateral through floating inventory liens, trust receipt inventory loans, and warehouse receipt loans.
Mike Jones • ProEquities, Inc.
- Bucket investing with risk-managed portfolios by David Varadi, Jerry Wagner, J.D., George Yang, Ph.D. & CFA
- Employment increases set new record
- Referrals fueled by process management (James Franke • Harbour Investments, Inc.)
When Active Investing is the Best StrategyWelch LLP
The document summarizes a webinar on active investing versus passive investing. It discusses that active investing involves selecting securities based on factors like management, microeconomics, valuation, and risk/reward, rather than trying to time the market or make predictions. Active management can provide flexibility, risk management, and tax benefits. Fees for active managers are generally around 1% and should be covered by outperforming benchmarks over time. When selecting an active manager, investors should consider their trustworthiness, service, long-term track record, reasonable fees, and independence. The webinar presenters were from Welch LLP and Brookfield Soundvest Capital Management and discussed active investment strategies.
Decentralized Finance Development uses smart contracts for functioning making the transactions automatic, completely transparent, and highly secured. Global analysts also say that this sector is one of the most important currently under development in the crypto space.
As a leading payment processor for multiple industries, Global Client Solutions works with primarily debt settlement clients to develop efficient account management solutions. Some benefits of using Global Client Solutions include a decreased overall servicing cost, certainty of receiving settlement funds, and a reduced NSF, or not sufficient funds, rate.
This document provides an overview of current asset management. It discusses key aspects like working capital management, current asset investment policies, cash management, marketable securities, accounts receivable management, and inventory management. The goal of current asset management is to optimize investment in current assets to balance risk and return while maintaining sufficient liquidity to meet short-term obligations.
The document discusses securitization, which involves a corporation transferring assets like mortgages or receivables to a special purpose vehicle (SPV) that issues securities backed by those assets. The key aspects of securitization include bankruptcy remoteness of the assets, credit enhancement to obtain high credit ratings, and structuring cash flows and securities to meet investor needs.
The document discusses various types of financial services including traditional activities like leasing, hire purchase, bills discounting, and venture capital as well as modern activities like risk management services and capital restructuring advisory. It also covers the objectives, characteristics, and importance of financial services and how they contribute to economic growth and capital formation.
This document provides an overview of securitization, including:
- Securitization involves pooling and repackaging illiquid financial assets like loans into marketable securities that can be sold to investors. This provides liquidity to originators and spreads risk.
- The process involves an originator transferring assets to a special purpose vehicle (SPV) that issues securities to investors. Cash flows from the underlying assets are used to make payments to investors.
- Credit ratings and other credit enhancements make the securities more attractive to investors. Securitization provides benefits like capital relief and cheaper funding to originators.
Effective Credit and Investment Management of BangladeshJahid Khan Rahat
This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.
Sources of Finance- Factoring & Securitization.pptxmartinzack071
This document discusses two sources of finance: factoring and securitization. Factoring involves a business selling its bill receivables to a third party at a discount to raise funds. Securitization pools assets so they can be repackaged into interest-bearing securities, with interest and principal payments passed to purchasers. Both provide businesses with immediate cash flow but involve costs and risks like higher finance charges, contingent liability, and complexity. Examples of factoring and securitization companies in India are provided.
This document discusses recent trends in investment management in Pakistan including the Pakistan stock market outperforming India's, inclusion in the MSCI emerging market index, and growth of mutual funds. It defines investment management as committing funds to assets over time to manage wealth through current income and future returns. The document contrasts real assets that create wealth with financial assets that represent claims to real assets and how ownership is distributed. It outlines the investment decision process of considering risk and return tradeoffs, security analysis, and portfolio construction to achieve an optimal asset mix.
Securitization involves pooling financial assets like loans and converting them into marketable securities. Key players include originators who make the original loans, special purpose entities that purchase the loans and issue securities, credit rating agencies that rate the securities, underwriters that help issue the securities, trustees that ensure obligations are fulfilled, servicers that collect loan payments, and investors who purchase the securities. SPVs play an intermediary role by holding the pooled securities and allowing risk sharing. Banks securitize to diversify risk, generate liquid assets, extend their credit pool, and earn fee income, while investors can earn higher returns through a diversified portfolio. However, prepayments and floating rates may impact returns, and maintenance obligations and regulator concerns about under
Fiduciary or paper money is issued by the Central Bank on the basis of
computation of estimated demand for cash. Monetary policy guides the Central
Bank’s supply of money in order to achieve the objectives of price stability (or low
inflation rate), full employment, and growth in aggregate income.
INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT (1) 111 (1).pptxSandrineIgihozo
This is a class note about the investment analysis , it might be helpful to students , lecturer as well as investors who want to make investment to one or more assets or projects
This were prepared by Mr Gakwerere my lecturer in university of Rwanda .
Convertible debt financing involves providing a company with a loan that can later be converted to equity shares in the company. It is commonly used as a "bridge" between equity funding rounds. Key aspects of convertible debt include interest rates of 6-10%, conversion discounts of 15-25% off the price of future rounds, and automatic or optional conversion upon certain triggers like new funding rounds or maturity of the debt. While simpler than equity deals in some ways, convertible debt agreements can also become complex with additional terms governing stock rights, board seats, and valuation caps. Both entrepreneurs and investors face pros and cons from using convertible debt versus traditional equity.
Financial instruments & marketability of securitiesvasishta bhargava
Financial instruments can be categorized as debt, equity, or delayed equity capital. Some common financial instruments are certificates of deposit, commercial paper, mortgages, term loans, venture capital, shares, bonds, debentures, mutual funds, and treasury bills. The marketability of securities depends on factors such as liquidity, price/earnings multiple, return on investment, and debt/equity ratio. The quantity and timing of an issue, as well as the cost and issue procedure, also impact the marketability of securities in the primary and secondary markets.
Baker Hill Prosper 2017 - Grow, Optimize, Protect: Using Business Intelligenc...Baker Hill
Presented by James McHale
Regional community banks and credit unions understand they must outperform their national brand competitors when it comes to fully engaging their customers -- but sometimes overlook their direct and/or online-only banking counterparts. This session showed how advanced analytics tools provide unique actionable insights which, when coupled with a sustained marketing strategy, help them compete more effectively to maximize customer acquisition, engagement and retention -- and most importantly profit.
Derivatives
Historical - Presentation from 2007, slides mention Lehman - which obviously doesn't exist for reasons we all know - the subject explores in depth - Derivatives.
This document summarizes Greg Zabikow's presentation on Aon Corporation's implementation of regional treasury centers. Some key points:
- Aon established treasury hubs in Amsterdam, Chicago, and Singapore to centralize cash management activities and improve controls. This included consolidating banking relationships and standardizing processes.
- The hub in Amsterdam focused on integrating treasury operations across Europe. This provided benefits like reduced costs, improved investment returns, and better compliance.
- Setting up the hubs involved due diligence of existing practices, developing an integration approach, selecting technology, and allocating operations across locations. Challenges included gaining support and addressing delays.
- Benefits of the regional hub
Open Business Council offers resources, Trade Finance, business advice, SME Finance and a forum and directory for businesses!
http://www.openbusinesscouncil.org/
This document discusses current liabilities management. It describes analyzing credit terms offered by suppliers, including stretching accounts payable to delay payments as late as possible without damage to credit rating. It also discusses the role of current liabilities in the cash conversion cycle and accruals being liabilities for services received where payment has yet to be made. Additionally, it outlines secured and unsecured sources of short term loans, with secured loans having specific assets pledged as collateral and mentioning the use of inventory as collateral through floating inventory liens, trust receipt inventory loans, and warehouse receipt loans.
Mike Jones • ProEquities, Inc.
- Bucket investing with risk-managed portfolios by David Varadi, Jerry Wagner, J.D., George Yang, Ph.D. & CFA
- Employment increases set new record
- Referrals fueled by process management (James Franke • Harbour Investments, Inc.)
When Active Investing is the Best StrategyWelch LLP
The document summarizes a webinar on active investing versus passive investing. It discusses that active investing involves selecting securities based on factors like management, microeconomics, valuation, and risk/reward, rather than trying to time the market or make predictions. Active management can provide flexibility, risk management, and tax benefits. Fees for active managers are generally around 1% and should be covered by outperforming benchmarks over time. When selecting an active manager, investors should consider their trustworthiness, service, long-term track record, reasonable fees, and independence. The webinar presenters were from Welch LLP and Brookfield Soundvest Capital Management and discussed active investment strategies.
Decentralized Finance Development uses smart contracts for functioning making the transactions automatic, completely transparent, and highly secured. Global analysts also say that this sector is one of the most important currently under development in the crypto space.
As a leading payment processor for multiple industries, Global Client Solutions works with primarily debt settlement clients to develop efficient account management solutions. Some benefits of using Global Client Solutions include a decreased overall servicing cost, certainty of receiving settlement funds, and a reduced NSF, or not sufficient funds, rate.
This document provides an overview of current asset management. It discusses key aspects like working capital management, current asset investment policies, cash management, marketable securities, accounts receivable management, and inventory management. The goal of current asset management is to optimize investment in current assets to balance risk and return while maintaining sufficient liquidity to meet short-term obligations.
The document discusses securitization, which involves a corporation transferring assets like mortgages or receivables to a special purpose vehicle (SPV) that issues securities backed by those assets. The key aspects of securitization include bankruptcy remoteness of the assets, credit enhancement to obtain high credit ratings, and structuring cash flows and securities to meet investor needs.
The document discusses various types of financial services including traditional activities like leasing, hire purchase, bills discounting, and venture capital as well as modern activities like risk management services and capital restructuring advisory. It also covers the objectives, characteristics, and importance of financial services and how they contribute to economic growth and capital formation.
This document provides an overview of securitization, including:
- Securitization involves pooling and repackaging illiquid financial assets like loans into marketable securities that can be sold to investors. This provides liquidity to originators and spreads risk.
- The process involves an originator transferring assets to a special purpose vehicle (SPV) that issues securities to investors. Cash flows from the underlying assets are used to make payments to investors.
- Credit ratings and other credit enhancements make the securities more attractive to investors. Securitization provides benefits like capital relief and cheaper funding to originators.
Effective Credit and Investment Management of BangladeshJahid Khan Rahat
This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.
Sources of Finance- Factoring & Securitization.pptxmartinzack071
This document discusses two sources of finance: factoring and securitization. Factoring involves a business selling its bill receivables to a third party at a discount to raise funds. Securitization pools assets so they can be repackaged into interest-bearing securities, with interest and principal payments passed to purchasers. Both provide businesses with immediate cash flow but involve costs and risks like higher finance charges, contingent liability, and complexity. Examples of factoring and securitization companies in India are provided.
This document discusses recent trends in investment management in Pakistan including the Pakistan stock market outperforming India's, inclusion in the MSCI emerging market index, and growth of mutual funds. It defines investment management as committing funds to assets over time to manage wealth through current income and future returns. The document contrasts real assets that create wealth with financial assets that represent claims to real assets and how ownership is distributed. It outlines the investment decision process of considering risk and return tradeoffs, security analysis, and portfolio construction to achieve an optimal asset mix.
Securitization involves pooling financial assets like loans and converting them into marketable securities. Key players include originators who make the original loans, special purpose entities that purchase the loans and issue securities, credit rating agencies that rate the securities, underwriters that help issue the securities, trustees that ensure obligations are fulfilled, servicers that collect loan payments, and investors who purchase the securities. SPVs play an intermediary role by holding the pooled securities and allowing risk sharing. Banks securitize to diversify risk, generate liquid assets, extend their credit pool, and earn fee income, while investors can earn higher returns through a diversified portfolio. However, prepayments and floating rates may impact returns, and maintenance obligations and regulator concerns about under
Fiduciary or paper money is issued by the Central Bank on the basis of
computation of estimated demand for cash. Monetary policy guides the Central
Bank’s supply of money in order to achieve the objectives of price stability (or low
inflation rate), full employment, and growth in aggregate income.
INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT (1) 111 (1).pptxSandrineIgihozo
This is a class note about the investment analysis , it might be helpful to students , lecturer as well as investors who want to make investment to one or more assets or projects
This were prepared by Mr Gakwerere my lecturer in university of Rwanda .
Foundation Course - Innovation in Financial ServicesPranavShinde44
Group 12's document discusses innovation in financial services. It covers several topics including payments, market provisioning, investment management, capital raising, deposits and lending, technology, risk management and credit/equity generation. For each topic, it provides definitions and benefits, and includes one or more case studies as examples. The document is presented by group 12 members for a class or work project.
This document discusses investment fundamentals, securities analysis, and portfolio management. It covers topics such as understanding investment, risk and return, securities analysis concepts, fundamental analysis framework, intrinsic and relative valuation, portfolio theory, and portfolio performance measurement. The key points are:
- It defines investment, risk, sources of risk, and different types of securities. It discusses the risk-return tradeoff between different securities.
- It covers the concepts of securities analysis, fundamental analysis framework using top-down and bottom-up approaches, and intrinsic valuation using discounted dividend models.
- It provides an overview of portfolio theory including modern portfolio theory, capital market theory, portfolio construction, and performance measurement.
This document discusses managing cash flows through working capital management. It covers cash inflows and outflows, objectives of cash management, reasons for holding cash and marketable securities, types of money market instruments, and strategies for reducing delays in receiving funds such as lockboxes and electronic collection procedures. The optimal lockbox solution minimizes total costs, which is the sum of opportunity costs of float and lockbox costs. Larger companies may use algorithms to determine the optimal number and locations of lockboxes.
Securitization is the process conversion of receivables and cash flow generated from a collection or pool of financial assets like mortgage loans, auto loans, credit card receivables etc into the marketable securities.
cash management overview and its strategiespptxSonuSingh113171
This document discusses cash management and models for determining optimal cash balances. It describes William J. Baumol's inventory model, which aims to minimize the sum of holding costs and transaction costs by finding the optimal balance point between the two. It also outlines the Miller and Orr stochastic model, which sets upper and lower control limits for cash balances and triggers purchases or sales of marketable securities when those limits are reached to maintain a normal cash balance level despite fluctuating cash flows. Both models aim to help companies efficiently manage cash reserves.
Sterling Pacific Financial - General IntroductionJoshua Fischer
This document introduces trust deed investing with Sterling Pacific Financial. It describes trust deeds as secured real estate loans that offer above-market returns with relatively low risk due to collateral protection. Sterling Pacific identifies lending opportunities, allows investors to participate, and manages the process. The document outlines Sterling Pacific's investment process, types of borrowers and investors, and investment products including funding single or fractional trust deeds or investing in mortgage pools.
Fundamental analysis involves analyzing macroeconomic conditions, industries, and individual companies. At the macroeconomic level, factors like GDP growth, inflation, interest rates, and fiscal/monetary policies are examined. Industry analysis evaluates the attractiveness of industries based on their growth stage, competitive environment, and sensitivity to economic cycles. Finally, company analysis assesses the financial statements, management quality, and competitive positioning of specific firms. Together, this three-tiered fundamental analysis helps investors evaluate investment opportunities.
Risk and Return, Time value of Money and Credit Rating AgenciesWasif Ali Syed
This document discusses risk and return, time value of money, and credit rating agencies. It defines types of risk like interest rate risk, market risk, financial risk, and liquidity risk. It also discusses return, components of return like yield and capital gain. The time value of money concept and techniques like compounding and discounting are explained. Credit ratings, major credit rating agencies like Moody's and S&P, their uses, and credit rating symbols are also summarized.
Investment involves sacrificing current consumption for future benefits. The investment process involves 5 steps: 1) determining objectives and policy, 2) security analysis, 3) portfolio construction, 4) review, and 5) performance evaluation. Investment decisions are based on balancing risk and return. Risks include systematic/market risks from external factors and unsystematic/specific risks that can be reduced through diversification. Systematic risks include market, interest rate, and purchasing power risks from factors like wars, recessions, and inflation.
This document discusses key aspects of financial management and working capital. It defines financial management as planning, organizing and controlling financial activities such as procuring and using funds. It notes that financial management involves investment, financing and dividend decisions. The objectives of financial management are to ensure regular funding, adequate returns for shareholders, optimal fund utilization and safety of investments. Key activities include budgeting, financial reporting, variance analysis and internal controls monitoring. The document also defines working capital as the difference between current assets and current liabilities, and notes it has both permanent and temporary components. Factors that influence working capital requirements are discussed as well.
Similar to Securitization of Debt (Debt Securitization) Types of Securitization, Progress of securitization in India (20)
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Securitization of Debt (Debt Securitization) Types of Securitization, Progress of securitization in India
1.
2.
3. Securitization refers to the process of
turning assets into securities – financial
instruments that can be readily bought
and sold in financial markets, the way
stocks, bonds and futures contracts are
traded.
4. Securitization is the process of
transformation of non-tradable assets into
tradable securities. It is a structured
finance process that distributes risk by
aggregating debt instruments in a pool
and issues new securities backed by the
pool.
11. Additional Source Of Funds
Greater Profitability
Better Risk Management
Lower Cost Of Funding
Better Than Traditional form of
Financing
Higher Rate Of Rate Return
The attractive cost of Funds
Spreading of Credit Risk
Provision of Multiple instruments