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Question by blackholesun: Does anyone know what securitization of criminal law is?
Best answer:
Answer by Mitch
Either consult a lawyer or try Black’s law dictionary. Should be available for you to use in a law library near you.
I am not telling you the answer, I am telling you where YOU can find answer yourself.
Feed a man a fish and you feed him for a day. Teach a man to fish and you feed him for the rest of his life.
Add your own answer in the comments!
Question by Noble Athavan: what does “tranches” mean in a financial environment ?
ex:- tranches in securitization
Best answer:
Answer by j
A piece, portion or slice of a deal or structured financing. This portion is one of several related securities that are offered at the same time but have different risks, rewards and/or maturities.
Tranche is a term often used to describe a specific class of bonds within an offering wherein each tranche offers varying degrees of risk to the investor. For example, a CMO offering a partitioned MBS portfolio might have mortgages (tranches) that have one-year, two- year, five-year and 20-year maturities. It can also refer to segments that are offered domestically and internationally.
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Check out these Finance images:
Sammy Wilson visits Fisher Engineering, Co Fermanagh. Finance Minister Sammy Wilson is welcomed to the company by receptionist Diane McCutcheon.
Image by Northern Ireland Executive
Finance Minister Sammy Wilson visits Fisher Engineering, Ballinamallard, Co Fermanagh© picture by John McVitty, Enniskillen, Co.Fermanagh, N. Ireland – 07771987378 ©
FINANCE MINISTERS MEETING, DECEMBER 19, 2011, VICTORIA, BRITISH COLUMBIA
Image by BC Gov Photos
Minister of Finance Jim Flaherty meets with provincial and territorial finance ministers, including British Columbia’s Minister of Finance, Kevin Falcon, on Monday, December 19, 2011.
choosing-car-finance
Image by natloans
Choosing car finance – How to choose car finance
Question by rmz_usa: Can someone summarize this book for me?
Can someone summarize the book “The business of Investment Banking, A Comprehensive overview” for me in 1 or 2 paragraphs? It is a large textbook, so I would appreciate it very much.
Best answer:
Answer by cactusgene
Synopsis
The business of investment banking has become intensely competitive. With a growing number of clients who prefer to deal with a single financial adviser for all their capital needs, firms must now engage in all major capital-market activities in order to meet this demand. Rapid advances in information technology have closely linked the international capital markets and, as a result, major securities firms have gone global to better serve their clients. To fully understand this changing environment and remain players in the game, new and seasoned professionals alike will require detailed, in-depth information on a broad scope of banking operations.
The Business of Investment Banking: A Comprehensive Overview, 2nd Edition is a complete guide to the major banking activities in today’s global marketplace. This convenient, one-volume reference identifies and analyzes key trends worldwide, allowing banking and finance professionals to effectively manage deals and incorporate trends into operations. In The Business of Investment Banking: A Comprehensive Overview, 2nd Edition, Professor K. Thomas Liaw goes beyond traditional banking topics and includes extensive coverage of rarely discussed subjects that are integral to investment banking, such as emerging markets, proprietary trading, repurchase transactions, operations, money management, and how foreign firms list on Wall Street.
Beginning with an overview, covering everything from underwriting to M&As to global presence, Liaw provides a thorough and rigorous analysis of the current market practices in all relevant business segments. He presents an investment banker’s perspective on the current environment, with a detailed description of the strategic decision-making process that is crucial to successfully managing the investment bank.
This thorough guide is divided into four main sections:
Basic Business-explores venture capital investment, mergers and acquisitions, underwriting, and asset securitization
Global Perspective-detailed information about foreign listing on Wall Street, international capital markets, and emerging markets
Trading and Risk Management-extensive data on proprietary trading, repurchase agreements, financial engineering, and money management
Special Topics-discusses clearing and settlement, securities regulation, ethics, major trends, and Section 20 subsidiaries
Comprehensive, unparalleled coverage of a wide range of topics makes The Business of Investment Banking: A Comprehensive Overview, 2nd Edition an invaluable, one-stop resource for all practicing investment banking professionals and for graduate students interested in a career in capital markets.
Here are 22 more customer reviews of people who have actually used it. Half of them say it is a 5-star book (the best) and give you what they liked or learned from it:
http://www.amazon.com/Business-Investment-Banking-Comprehensive-Overview/product-reviews/0471739642/ref=dp_top_cm_cr_acr_txt?ie=UTF8&showViewpoints=1
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Check out these Finance images:
Finance Minister at Young at Heart Exhibition 25 May (L-R) Mary Hall, Ena McKeown and Grace Minnis
Image by Northern Ireland Executive
25/5/11 Mandatory Credit Darren Kidd/Presseye.com
Over £13million rates assistance provided to lone pensioners in Northern Ireland.
Finance Minister Sammy Wilson pictured at the Young at Heart Exhibition with Holywood ladies (L-R) Mary Hall, Ena McKeown and Grace Minnis. Since 2008 over £13 million has been distributed to pensioners by Land and Property Services through the Lone Pensioner Allowance, which entitles persons aged 70 or over who live alone to a 20% discount on their rate bill.
DEPARTMENT OF FINANCE AND PERSONNEL
25 May 2010
Over £13million rates assistance provided to lone pensioners in Northern Ireland
Finance Minister Sammy Wilson has welcomed the take up of almost £13.5million of assistance to pay rates by lone pensioners across Northern Ireland.
£13,488,820 has been distributed to pensioners since April 2008 by Land & Property Services through the Lone Pensioner Allowance, which entitles persons aged 70 or over who live alone to a 20% discount in their rate bill.
Welcoming this, the Minister said: “The Lone Pensioner Allowance is an example of the tangible help that the Executive is providing to one of our most vulnerable groups in society. It is encouraging that nearly 25,000 people have availed of this assistance which I am sure is of particular use in this current economic climate.”
The Minister, who was attending the Young at Heart Exhibition at St George’s Market for retired people in Northern Ireland, encouraged all those who qualify for the assistance to apply.
The Minister continued: “If you are aged 70 or over and are living alone, I urge you to apply for the Lone Pensioner Allowance. If you are eligible you will receive this help irrespective of income or savings because this allowance is not means tested. Therefore you don’t have to tell us about your savings or income when you apply.
“Older people, who do not live alone, may also be eligible for help with paying their rates. I would encourage all older people to check out what help they are entitled to.”
Getting help to pay your rate bill is not exclusive to older people. People on low incomes may be eligible for a reduction in their rates through the Housing Benefit Scheme or Rate Relief Scheme. The Disabled Persons Allowance scheme entitles a household to a 25% reduction in their rates if the property has been suitably adapted or has additional facilities to meet the special needs of a resident disabled person.
Full details of all these reliefs are available at www.nidirect.gov.uk/rates or by telephoning 101 (028 9151 3101). Calls cost 10p.
Notes to editors:
1. Media enquiries only to DFP Communications Office on 028 9052 7374 or 028 9052 7375. Out of office hours please contact the Duty Press Officer via pager number 076 9971 5440 and your call will be returned.
Ciarrai Conlan
Information Officer
Marketing and Communications
Land & Property Services
Queen’s Court
55-66 Upper Queens Street
Belfast
BT1 6FD
Tel: 028 9054 3988 ext 43988
Mobile: 07879557528
Finance Minister Supports Marie Curie Shop Challenge
Image by DUP Photos
Finance Minister Sammy Wilson spurs staff from DFP on as they participate in the Marie Curie Shop Challenge on the Lisburn Road. Pictured (L-R) Martine Faloon, DFP, Jenny Burton, Assistant Manager, Marie Curie Finance Minister and Annette Hutton, DFP
The challenge involved generating extra stock, helping to raise the shop’s profile locally, attracting more customers on the day and ultimately increasing sales and money raised.
Picture taken by: Heather Thompson (DFP) – 27/09/2012
Question by what?: Do you agree this is what caused the economic crisis?
I found this on fact check
The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html
Best answer:
Answer by new mom
uh, yep that about sums it up
Give your answer to this question below!
Charlie Parker – Romance Without Finance
from The Complete Savoy & Dial Master Takes
Price: USD 0.99
View Details about Charlie Parker
Question by Ms. TAM TAM: What is the value of 750,000 pounds in Great Britain converted to us dollars amount to?
I keep getting this email that I have won a contest from the Coca Cola company from the UK that is worth 750,000 pounds and they need me to claim it right away…what kind of bogus thing is this>>>has anyone else received or heard of an email contest>>>>
Best answer:
Answer by rarguile
Obviously you didn’t enter a contest in Britain, so I am very confident that this is a well-known scam. Why would any legitimate enterprise give away $ 1.5 million to a complete stranger? It isn’t exactly a brilliant publicity stunt by “Coca Cola” to just email a winner. If you had won, there would be TV vans and reporters on your doorstep!
It is a junk email!
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Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on …
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Micro Credit, Micro Finance is ideal for families with low income to make their lives more comfortable and better for studies or to create small business. Do…
Question by Roberto Alvarez: What’s the main purpose of john bellamy foster’s monopoly-finance capital article?
Capitalism?
Best answer:
Answer by BeachBum
You can find your answer from an interview with the author provided in the link.
Interview of John Bellamy Foster for Norwegian Daily, Klassekampen
Klassekampen: Is the credit crisis a symptom of overaccumulation of capital? It seems to me that investments worldwide, but especially in the United States, were funneled into the traditionally “safe” housing market following the bursting of the dotcom-bubble. This overinvestment in turn generated a new bubble, thus causing today’s havoc. Is this correct?
JBF: Yes, I agree that this is due to what might be called an overaccumulation of capital in a number of senses: an overbuilding of productive capacity (physical capital) in relation to a demand constrained by monopoly within what economists call the “real” (as opposed to financial) economy, an overamassing of profits and wealth at the top of society, and a hypertrophy of financial claims to wealth. In terms of the financial crisis itself, there has been a massive, highly leveraged expansion of money claims to wealth, creating a huge debt overhang, and forcing, at this moment, a massive devaluation of capital. All of this is related, however, to the breakdown of the capital formation process, accumulation proper, in an increasingly stagnant real economy. These are contradictions of what I have called the phase of “Monopoly-Finance Capital” (Monthly Review, December 2006).
The bursting of the dot.com or New Economy bubble in 2000 resulted in what has been dubbed “the great bubble transfer” whereby the bursting of the New Economy bubble compelled the Federal Reserve to lower the main interest rate it controls (the Federal Funds rate), leading to a new and more massive bubble based in home mortgages, the dangers of which were apparent early on (see “The Household Debt Bubble,” Monthly Review, May 2006). This involved an enormous expansion of consumer debt despite the fact that real wages had been stagnant in the United States since the 1970s creating an unstable situation. It also involved the need on the part of capital to book ever increasing profits from finance, achieved through securitization of every form of what had previously been individual debts — especially home mortgages. This in turn led to the extension of mortgage financing to riskier and riskier customers under the theory that new “risk management” techniques had devised the means (hailed — bizarrely — by some as the equivalent of the great technological advances in the real economy) with which to separate the weaker from the stronger debts within the new securities. These new debt securities were then “insured” against default by such means as credit-debt swaps, supposedly reducing risk still further. This was the ideology behind the housing bubble. (See “The Financialization of Capital and the Crisis,” Monthly Review, April 2008.)
What do you think? Answer below!
Finance eBay auctions you should keep an eye on:
[wprebay kw=”finance” num=”6″ ebcat=”-1″]
[wprebay kw=”finance” num=”7″ ebcat=”-1″]
Question by kehoejck: Securitization: Understanding?
”
Consider a bank, ABC Bank. The loans given out by this bank are its assets. Thus, the bank has a pool of these assets on its balance sheet and so the funds of the bank are locked up in these loans. The bank gives loans to its customers. The customers who have taken a loan from the ABC bank are known as obligors.
To free these blocked funds the assets are transferred by the originator (the person who holds the assets, ABC Bank in this case) to a special purpose vehicle (SPV).
The SPV is a separate entity formed exclusively for the facilitation of the securitisation process and providing funds to the originator. The assets being transferred to the SPV need to be homogenous in terms of the underlying asset, maturity and risk profile.
What this means is that only one type of asset (eg: auto loans) of similar maturity (eg: 20 to 24 months) will be bundled together for creating the securitised instrument. The SPV will act as an intermediary which divides the assets of the originator into marketable securities.
These securities issued by the SPV to the investors and are known as pass-through-certificates (PTCs).The cash flows (which will include principal repayment, interest and prepayments received ) received from the obligors are passed onto the investors (investors who have invested in the PTCs) on a pro rata basis once the service fees has been deducted.”
I am trying to understand exaclty what the bank does to free up more cash. I would really appreciate help with this.
What I understand
Ok, banks give out loans to their customers and the properties are assets on balance sheet.How exactly by securitization does the company actually get in more funds> A very simple explanation would be appreciated.
What exactly are these investors getting?? Who do they make money from it?
Best answer:
Answer by frak1a12345
The investors gave money(puchased) for these PTCs. That money goes to the bank. The bank now has its money back and the investors have the PTCs.
What do you think? Answer below!
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Question by Tbaby: selling bonds backed by payments from tobacco settlement funds to private is called?
a. securitization. b. robbery c. conservatism gone wild d. unreimbursed health care expenditures
Best answer:
Answer by iTroll
e) CRAZYYY
Add your own answer in the comments!
Question by Chris: When a commercial bank lends money lends money?
When a commercial bank lends money through a checking account the money the bank lends comes from or belongs to?
Best answer:
Answer by John Bradley
The money comes from one of two places:
1. The bank’s deposit base (the money customers deposit with the bank).
2. Other funding sources, such as debt securitization (the selling of bonds backed by loans the bank makes).*
Option one is the “old” way of getting money to lend.
Option two is the “new” way of getting money to lend, though bank’s overreliance on alternative funding sources was recently shaken up quite a bit with the recent “credit crisis,” as many banks saw the market for debt-backed securities shrink (in other words, the number of people willing to buy these securities got smaller, and the ones that remain weren’t buying as many as before).
Banks are now increasingly relying on good old fashioned deposits as a source of money to lend, though debt securitization is here to stay.
*When you apply for a loan, the bank may require that you put up an asset of yours as security. This asset may be cash, a car, real estate, or anything else of value. Debt securitization works the same way. To the bank, a loan it issues is considered an asset, and as with all assets, this assett has a market value. Bank can raise money in the financial markets by selling bonds (loans payable by the bank) that is backed by the bank’s total portfolio of loans, in case the bank defaults on it’s debt.
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Financial Theory (ECON 251) This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from ec…
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Question by Dang: Credit Securitization: how exactly does it work?
Say I have a portfolio of 100 credit card customers, what are the technical steps to securitize it? E.g. how do I do the following:
1) Data Mining
I assume the first step is some sort of database/spreadsheet (MS Excel?) with the debtors info, how does one quickly sort what slots in each tranche? Some sort of macro/algorithm?
2) Credit Rating
How does one benchmark what the risk of the tranches are? Do I simply go to Moodys and ask them to look at them and that’s it??
3) Issuance
Once we have a plan of which receivables we want in each tranche, what then? Do we go to a legal firm to issue the bonds?
Team Size Required:
How many people would I need in a small securitization team? What sort of experience would they require if we were just doing basic credit card pfolio?
Basically I am looking to set up my own niche securitization venture…I have no background in securitization though!
Thanks!
Best answer:
Answer by ADAM S
Read This : – ” Credit Card Securitization – An Overview ”
Here : – http://www.flixya.com/post/GOLDCash360/767657/
.+.
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Check out these Finance images:
Olympic Park Finance infographic
Image by The Department for Culture, Media and Sport
We have created an infographic which shows facts and figures about the finance behind the Olympic Park, and some of the benefits that the build of the Park have brought to the local community.
We have released the infographic under a Creative Commons licence for use by news and online media.
Further information: goc2012.culture.gov.uk/themes/finance/
Sustainable capitalism: Social finance
Image by mars_discovery_district
Speaker Tamzin Ractliffe (SASIX) presented "From Classic Capitalism to Social Finance GSIX | A Global Social Investment Exchange" at the Social Entrepreneurship Summit at MaRS, 17th November 2008.
Now, Sir Ronald Cohen, founder of Apax Partners, addresses students at the Harvard Business School, saying that social finance is the next big thing in business (big news from the “father of private equity”!).
Read more: www.marsdd.com/blog/2010/07/15/sir-ronald-cohen-on-social…
