underwriter s approval of the borrower

REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL - On amending Regulation (EC) No 1060/2009 on credit rating agencies ppt

... supervisory structure adopted by the Commission in September 2009 which includes also an assessment of the establishment of the European Securities and Markets Authority and changes in the supervisory structure ... imposes disclosure requirements to issuers of structured finance instruments All registered credit rating agencies will have the possibility to access the information necessary for issuing unsolicited ... grounds ESMA has for suspecting infringement of this Regulation, as well as on the seriousness of the on-site inspection and on the nature of the involvement of the person concerned However, the...

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Tài liệu A Historical Primer on the Business of Credit Ratings docx

Danh mục: Ngân hàng - Tín dụng

... other users of the information provided by the agencies essentially paid for it Starting in the 197 0s, the agencies shifted their main revenue source from investors and users to the issuers of ... of securities Now nearly all of the leading agencies’ revenue comes from fees, usually a few basis points of the amount of the issue rated, charged to issuers 36 This raises the question of what ... Many of this issues that arise in recent discussions came up in earlier studies of the U .S experience The ones that seem most relevant now have to with the use of agency ratings for purposes of...

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On the prediction of credit ratings

Danh mục: Ngân hàng - Tín dụng

... permits answering questions such as these The outline is as follows Section II describes the data, and Section III describes the new method and discusses its structural components Section IV sketches ... Clearly the MRP significantly outperforms the other models even out -of- sample What is surprising, and encouraging, is that the out -of- sample performances of all the models is almost the same as the ... requires a larger set of data to achieve a “critical mass” for estimation purposes, especially since the first step is a transformation of the distributions of the credit metrics As final tests,...

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Paradox of credit ratings

Danh mục: Ngân hàng - Tín dụng

... for securities regulation Each year, the Securities and Exchange Commission issues no-action letters and releases governing various aspects of the securities markets These databases show similar ... Paragraph Seventh of Section 5136 of the Revised Statutes, the following regulation is promulgated as to further limitations and restrictions on the purchase and sale of investment securities for the ... Paragraph of Section 5136 of the Revised Statutes of the U .S. , as amended by Section 308 of the Banking Act of 1935 30 Regulations governing the Purchase of Investment Securities, and Further Defining...

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The impact of credit ratings on capital structure (the case of listed companies on hose)

Danh mục: Tổng hợp

... Rating-Capital Structure (CR-CS) hypothesis based on rating-dependent costs The CR-CS hypothesis points that there are discrete costs and benefits associated with different levels of credit ratings These ... the thesis - Chapter investigates the relationship between the level of credit ratings and the leverage structure of listed firm on HOSE Specifically, it presents the descriptive statistics of ... ratios as they have larger profits to service interest payments without incurring adverse financial distress costs, whereas firms that are experiencing losses or a slump in earnings and risky assets...

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Determinants and Impact of Sovereign Credit Ratings ppt

Danh mục: Ngân hàng - Tín dụng

... represent a considerably larger change on a daily basis.15 These results suggest that rating announcements themselves may cause a change in the market s assessment of sovereign risk Statistical ... markets Sovereign ratings are important not only because some of the largest issuers in the international capital markets are national governments, but also because these assessments affect the ... sovereign ratings assigned by Moody s and Standard and Poor s Earlier researchers in the area of sovereign risk evaluated other measures of risk or presented a qualitative assessment of sovereign credit...

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International payment service by opening Letter of Credit at Vietnam Eximbank Hanoi Branch.doc

Danh mục: Quản trị kinh doanh

... products and customized its services for customers’ higher satisfaction with the single-minded motto “All for the success of customers” and it always makes all efforts to better its services quality ... the old processing time as soon as possible Because the longer transaction in branch takes, the more money of the companies is stagnant and it affects badly the enterprise s business and reproduction ... client The buyer is the Applicant and the Seller is the Beneficiary The Bank that issues the LC is referred to as the Issuing Bank which is generally in the country of the Buyer The Bank that Advises...

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Understanding and Using Letters of Credit part1

Danh mục: Tài liệu khác

... check all the documents both against the terms of the credit and against each other for internal consistency Summary The use of the letters of credit as a tool to reduce risk has grown substantially ... over the past decade Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade The credit professional should ... engaged in the business of forwarding or transporting goods The documents evidence control of goods They also serve as a receipt for the merchandise shipped and as evidence of the carrier 's obligation...

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Phương thức tín dụng chứng từ ( letter of credit )

Danh mục: Ngân hàng - Tín dụng

... 2.Những nội dụng chủ yếu thư tín dụng là: - S hiệu, địa điểm ngày mở L/C (No of L/C, place and date of issuing) - Địa điểm mở (Place of issuing) - Ngày mở (Issuing date) - Tên địa người thụ hưởng ... L/C (Latest payment date) - Những nội dung hàng hoá (Description of goods) - Những nội dung vận tải (Shipment term) - Những chứng từ mà người xuất phải xuất trình (Documents for payment - S cam ... hoàn(Revolving letter of credit) -Thư tín dụng dự phòng(Stand by letter of credit) -Thư tín dụng chuyển nhượng (Transferable letter of credit) -Thư tín dụng đối ứng(Reciprocal letter of credit) ...

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Tài liệu Application and Agreement for Standby Letter of Credit pptx

Danh mục: Kế toán - Kiểm toán

... because of the imposition of, or a change in or in the amount of, any reserve, deposit, assessment or similar requirement against assets or liabilities of, or commitments or extensions of credit ... governed by the International Standby Practices 98 (“ISP98”) and, to the extent not inconsistent with ISP98, the laws of the State of California, unless otherwise stipulated on Page hereof or in the ... published by The International Chamber of Commerce in the form in effect at the date of issuance of the Letter of Credit, and, to the extent not inconsistent with the UCP, the laws of the State of California...

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Tài liệu Security Agreement and Pledge For Use with Letter of Credit pptx

Danh mục: Kế toán - Kiểm toán

... CORPORATIONS ONLY: THE PRESIDENT OR CHAIRMAN OF THE BOARD OR ANY VICE PRESIDENT AND ONE OF THE FOLLOWING, SECRETARY, ASSISTANT SECRETARY, PROPRIETORS, THE OWNER (S) .ASSISTANT FOR PARTNERSHIPS, ALL ... AUTHORIZED SIGNATURE LIST ALL TITLES HELD X X SIGNATURE SIGNATURE B X SIGNATURE X PRINT NAME PRINT NAME Secretary TITLE Chief Financial Officer Assistant Secretary PRINT NAME Assistant Treasurer TITLE ... information is true, correct, and complete The signer (s) authorizes the Bank to obtain credit reports on the Applicant and the individual owners/guarantors from others, including the Internal Revenue Service...

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Tài liệu Letter of credit ppt

Danh mục: Cao đẳng - Đại học

... contract is concluded between buyer and seller, buyer 's bank supplies a letter of credit to seller Seller consigns the goods to a carrier in exchange for a bill of lading Seller provides bill of lading ... Seller 's bank exchanges bill of lading for payment from buyer 's bank Buyer 's bank exchanges bill of lading for payment from buyer Buyer provides bill of lading to carrier and takes delivery of ... goods Understanding and Using Letters of Credit, Part I Understanding and Using Letters of Credit, Part II Irrevocable LC Irrevocable LC sample 2008 Usance...

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Tài liệu DENIAL OF CREDIT ppt

Danh mục: Quản lý dự án

...

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Tài liệu An Introduction to Letters of Credit pptx

Danh mục: Ngân hàng - Tín dụng

... and shipment of goods Some, however, are “special” because they meet the needs of less common transactions This chapter discusses some special types of Letters of Credit 30 Revolving Letters of ... contract of sale Business wisdom recommends written contracts of sale The contract of sale establishes the method of payment If it designates a Letter of Credit as the payment method, the buyer must ... remains the responsibility of the customer to establish the terms and conditions in the Letter of Credit that are satisfactory to it By issuing its Letter of Credit, the buyer s bank (Issuing...

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Tài liệu Letter of credit doc

Danh mục: Quản trị kinh doanh

... contract is concluded between buyer and seller, buyer 's bank supplies a letter of credit to seller Seller consigns the goods to a carrier in exchange for a bill of lading Seller provides bill of lading ... payment Seller 's bank exchanges bill of lading for payment from buyer 's bank Buyer 's bank exchanges bill of lading for payment from buyer Buyer provides bill of lading to carrier and takes delivery ... of lading for payment from buyer Buyer provides bill of lading to carrier and takes delivery of goods ...

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Tài liệu Understanding and Using Letters of Credit Part 1 pptx

Danh mục: Quản trị kinh doanh

... check all the documents both against the terms of the credit and against each other for internal consistency Summary The use of the letters of credit as a tool to reduce risk has grown substantially ... over the past decade Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade The credit professional should ... engaged in the business of forwarding or transporting goods The documents evidence control of goods They also serve as a receipt for the merchandise shipped and as evidence of the carrier 's obligation...

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Tài liệu Understanding and Using Letters of Credit Part 2 doc

Danh mục: Quản trị kinh doanh

... generally assist in this investigation In many cases, the issuing bank will specify the advising and/or confirming bank These designations are usually based on the issuing bank 's established correspondent ... seller of the amendment Tips for Buyers and Sellers Seller Before signing a sales contract, the seller should make inquiries about the buyer 's creditworthiness and business practices The seller 's ... to the changes, the issuing bank will change the letter of credit; The buyer 's issuing bank notifies the seller 's advising bank of the amendment; and The seller 's advising bank notifies the seller...

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Tài liệu Commercial Letter of Credit docx

Danh mục: Anh văn thương mại

... L/C bears the guarantee of the issuing bank Một thư tín dụng huỷ ngang chưa only, and a revocable L/C carries only the xác nhận đảm bảo từ ngân hàng phát importer s promise to pay and does not ... the draft on to the importer s bank Upon tờ hối phiếu tới cho ngân hàng nhà nhập Ở receipt of the document and draft, the giấy biên nhận chứng từ tờ hối phiếu, ngân importer s bank debits the ... ngày đáo maturity) and conveys the documents, hạn hối phiếu) mang chứng từ xuất trình để representing title to the goods, to the importer nhận hàng hoá, cho nhà nhập L/Cs may be confirmed or unconfirmed...

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Tài liệu Phương thức tín dụng chứng từ ( Letter of Credit- L/C) pdf

Danh mục: Ngân hàng - Tín dụng

... 2.Những nội dụng chủ yếu thư tín dụng là: - S hiệu, địa điểm ngày mở L/C (No of L/C, place and date of issuing) - Địa điểm mở (Place of issuing) - Ngày mở (Issuing date) - Tên địa người thụ hưởng ... L/C (Latest payment date) - Những nội dung hàng hoá (Description of goods) - Những nội dung vận tải (Shipment term) - Những chứng từ mà người xuất phải xuất trình (Documents for payment - S cam ... hoàn(Revolving letter of credit) -Thư tín dụng dự phòng(Stand by letter of credit) -Thư tín dụng chuyển nhượng (Transferable letter of credit) -Thư tín dụng đối ứng(Reciprocal letter of credit) ...

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Tài liệu The Supply and Demand Side Impacts of Credit Market Information pptx

Danh mục: Ngân hàng - Tín dụng

... this analysis consists of all the credit groups from seven branches selected from the 39 branches of Genesis to represent the variety of Genesis clients.9 Within each of these seven branches, ... experiments in more detail Section IV presents a simple model of the two-sided selection process that generates the pool of individuals who receive loans, and the effects of this selection on estimates ... randomization, the average characteristics of the groups from these selected branches not perfectly match those of the nonselected branches We therefore limit the analysis to the groups from the selected...

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