convertible bond arbitrage capital redemptions in 2005

... buying inflows to reduce the NOFP Nonetheless, in certain cases involving large one-off inflows of FDI, the SARB may have sufficient prior information to make an assessment as to whether the inflow ... maintain the higher rates of return for any sustained period of time To so could introduce excessive exchange rate and/or interest rate volatility and, in the process, undermine the SARB’s inflation-targeting ... to the objective of reducing the NOFP Not surprisingly, the SARB has chosen not to pursue this option Option 2: Identifying “cool” capital inflows Rather than stepping into the market on a regular...

Ngày tải lên: 24/10/2012, 09:11

... firing workers, enforcing a contract, getting credit and closing a business (topics in Doing Business in 2004 and 2005) —happened in EU countries Reforms in registering property and protecting investors ... Understanding Regulation presented indicators in topics: starting a business, hiring and firing workers, enforcing contracts, getting credit and closing a business Doing Business in 2005 updates these measures ... performing standardized tasks: starting a business; hiring and firing workers; obtaining business licenses; getting credit; registering property; protecting investors; enforcing contracts; and closing...

Ngày tải lên: 11/12/2013, 14:15

... firing workers, enforcing a contract, getting credit and closing a business (topics in Doing Business in 2004 and 2005) —happened in EU countries Reforms in registering property and protecting investors ... Understanding Regulation presented indicators in topics: starting a business, hiring and firing workers, enforcing contracts, getting credit and closing a business Doing Business in 2005 updates these measures ... performing standardized tasks: starting a business; hiring and firing workers; obtaining business licenses; getting credit; registering property; protecting investors; enforcing contracts; and closing...

Ngày tải lên: 11/12/2013, 15:15

... agent’s starting value W* when investors have all the bargaining power is determined by the following tradeoff: Larger W* delays termination at a greater cost of paying the agent In Figure we ... Scharfstein (1990) See also Innes (1990) for optimal security design in a standard principal-agent setting Dewatripont and Tirole (1994) discuss the role of capital structure (including inside ... receives from waiting until the credit line balance is zero before paying dividends Finally, because the agent earns interest at his discount rate γ paying off the credit line, but earns interest at...

Ngày tải lên: 12/01/2014, 22:16

... listing Line ministries’ continuous holding of controlling shares in equitized SOEs discourages entry of private companies into industries in which such SOEs operate A further reduction of line ... Trading Center HCMC Ho Chi Minh City HOSTC Ho Chi Minh City Securities Trading Center IAS International Accounting Standards IFC International Finance Corporation IPO Initial public offering ... Liquidating line-ministries’ holdings in equitized SOEs is likely to eliminate line-ministries’ owner-regulator conflict, by encouraging private sector companies to enter the market in which...

Ngày tải lên: 21/01/2014, 12:59

... means, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers Production by HSRC Press Cover by Jenny Young Print ... to participate in economic activities Some of these initiatives are in education, training, and information dissemination, and are dealt with elsewhere in this report Others are intended to assist ... levy as a cost of doing business, but are not engaged in training Nonetheless, SETAs should in time make for a more accessible skills-training regime for young people There is indeed evidence that...

Ngày tải lên: 15/02/2014, 01:20

... additional capital In Thailand, banks are subject to a limit of 25% of their capital in their combined exposure to a company from lending, holding bonds, providing guarantees and underwriting Some ... holding company, may help in this 3.2 Banks as issuers of bonds Banks use bond markets to supplement deposits as a source of funds Indeed, in many cases (eg Brazil, China, Germany, India, Indonesia, ... virtue of making banks more subject to market discipline Banks specialising in longer-term lending will tend to issue long-term bonds to lock in funding 3.3 Banks as securitisers Where bond markets...

Ngày tải lên: 15/02/2014, 13:20

... raising/managing the fund (“industry statistics”) • The funds included in the statistics are: private equity funds making direct private equity investments, mezzanine private equity funds, co-investment ... *Buyout funds including Growth capital and Mezzanine funds Fundraising Yearbook 2012 YearBook 2011 | Creating lasting value | 10 Generalists funds raised by type of investors 2007-2011 - Incremental ... positions in other funds • Other asset manager: Financial institutions (other than bank, endowment, family office, foundation, insurance company or pension fund) managing a pool of capital by investing...

Ngày tải lên: 19/02/2014, 09:20

... yield) denominated in Euro The sub-fund may also invest in fixed income securities in other European currencies, including Sterling The sub-fund may also invest in financial derivative instruments ... Shares in this sub-fund Minimum Investment / Minimum Holding for Class X Shares Minimum Initial Investment Minimum Holding Class Class X USD 5,000,000 HSBC Global Investment Funds – Brazil Bond ... existing shareholders" Minimum Investment / Minimum Holding for Class X Shares Minimum Initial Investment Minimum Holding Class Class X USD 5,000,000 HSBC Global Investment Funds – Global Emerging...

Ngày tải lên: 07/03/2014, 13:20

... of capital management in VINASHIN 4.2.1 Overview of funding situation 48 48 vii 4.2.2 From of funding in VINASHIN 51 4.2.3 Analysis of efficiency of capital 53 4.3 The failure of VINASHIN in capital ... when business managed capital effectively As result, profit of business will increase as well In business’s perspective, capital s demand comes from demand of maintain business’s production, innovative ... VINASHIN and spans over the period from 2006 - 2009, thus cover the entire history of VINASHIN as well as capital management in VINASHIN in particular, SOEs in general 38 3.5 RESEARCH TOOL In...

Ngày tải lên: 13/03/2014, 14:20

... Preparing to Retire Investing During Retirement Estate Planning Basics How to Select a Financial Adviser Measuring Mutual Fund Performance Bear Markets Bond Fund Investing Index Investing International ... Preparing to Retire Investing During Retirement Estate Planning Basics How to Select a Financial Adviser Measuring Mutual Fund Performance Bear Markets Bond Fund Investing Index Investing International ... Income risk In periods of declining market interest rates, a bond fund’s interest income may fall, so an investor seeking current income could see that income reduced when interest Figure Interest...

Ngày tải lên: 15/03/2014, 07:20

... calculations 1/ Includes St George 2/ TCE = tangible common equity = total equity minus intangible assets (including goodwill) 3/ Tangible assets = total assets minus intangible assets (including goodwill) ... in the second year APRA has also exercised caution in other choices regarding the framework, such as requiring banks using the advanced approaches to hold capital against interest rate risk in ... both by increases in capital and declines in risk-weighted assets, and the quality of bank capital is high, as it is mainly common equity Table Australia's Four Major Banks: Selected Financial...

Ngày tải lên: 15/03/2014, 10:20

... default-free nominal bonds are a riskless investment Conventional wisdom used to be that the conservative investor invested principally in bonds and the aggressive or speculative investor invested principally ... determine whether an investor who is constrained to limit his investment in bonds to a single portfolio of money-fixed debt instruments will suffer a serious welfare loss In part, our interest in ... welfare gain to an individual investor from the introduction of trading in such securities in the U.S capital market In the first part of the paper we develop a mean-variance model for measuring the...

Ngày tải lên: 22/03/2014, 20:20

... Regional Intellectual Capital in Waiting: A Strategic Intellectual Capital Quest Leif Edvinsson 19 Part Two Intellectual Capital for Nations 35 Chapter Estimating the Level of Investment in Knowledge ... can ultimately generate an infinite value Adding value in the KE is inextricably linked to radical change in both societal assumptions and business models In the end, capitalism may not create ... similar index for knowledge, or intellectual Chapter Regional Intellectual Capital in Waiting 21 capital for regions, cities, or nations? In this book, some models are outlined for further refinement...

Ngày tải lên: 04/06/2014, 13:18

... convertible bond The firm issues the convertible bond, and the bondholder buys the bond The firm has an obligation to continuously serve the coupon payment to the bondholder at the rate of c In the ... ≥ a.e in ΩT 4.13 n1 , n2 satisfying n1 , n2 > 0, the directional derivative ∂n u − K ≥ a.e in ΩT , 4.14 that is, u − K is increasing along the director n Combining the condition u − K ≤ in ΩT ... to T0 in Theorem 4.4 In the last section, we provide numerical result applying the binomial method Formulation of the Model In this section, we derive the mathematical model of pricing the convertible...

Ngày tải lên: 21/06/2014, 05:20

... Bài viết xin giới thiệu số kiến thức loại chứng khoán ưu điểm, nhược điểm Trước hết, bạn cần hiểu trái phiếu...

Ngày tải lên: 07/07/2014, 06:20

... are protein-interacting domains present once or multiple times within certain proteins and these domains are involved in the cell signalling, assembly of large protein complexes or intracellular ... Depending on virus strain NS1 consists of 124–237 amino acids in length and is expressed exclusively in infected cells The NS1 protein contains two functional domains: the Nterminal RNA-binding ... amino acids at the N-terminal RNA-binding domain of NS1 are implicated in this function The arginine at position 38 and the lysine at position 41 contribute to this interaction [10] The N-terminal...

Ngày tải lên: 12/08/2014, 04:21

... protein interactions for transmembrane proteins, a class comprising many metazoa-specific and vertebrate-specific proteins Perturbing networks A good starting point for the systematic understanding ... of a human protein-protein interaction map that we generated by integrating all of the available high-confidence protein interactions from model organism high-throughput protein interaction datasets ... proteome in order to identify all of the potential targets of a protein kinase in vitro The combination of these in vivo and in vitro approaches should prove a powerful strategy for mapping phosphorylation...

Ngày tải lên: 14/08/2014, 14:21