Investment Company (IC) Loan Company (LC) Mutual Benefit Financial Company (MBFC) Miscellaneous Non-Banking Company (MNBC) Residuary Non-Banking Company (RNBC) IMPORTANCE • NBFCs perform a diverse range of functions and helps bridge the credit gaps. • They have served the households‚ farm‚ and small enterprise sector on a sustained basis. • A thriving‚ healthy and growing non-banking financial sector is necessary for promoting the growth of an efficient and competitive economy. •
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What did Moody’s do wrong‚ if anything? Legally‚ Moody’s did nothing wrong. But Moody’s‚ through it rating system‚ enabled other agencies to provide loads to individuals that were not qualified all in the name of financial gain. Was Moody’s at fault‚ no‚ was the financial system that Moody’s was part of‚ flawed – absolutely‚ yes. The issue that that Moody’s needed to address was how ethical were their decisions as a company as their revenue grew from $564 million in 1999 to nearly $2.3 billion
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Post Graduate Diploma in International Business Management (Jan‐June 2013) A project report on CARBON CREDITS AND ITS TRADING A CASE STUDY Submitted to: AHMEDABAD MANAGEMENT ASSOCIATION & CALIFORNIA STATE UNIVERSITY SAN BERNARDINO‚ USA By ANKUR MATHUR HIRAL RUPAREL ARCHAN SHAH Table of Contents Acknowledgement .......................................................................................................... (i) Executive Summary
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State of mutual funds in India. Insurance Services- Introduction‚ Principles of insurance‚ Types of Insurance. Life Insurance Products- Traditional and ULIPs. Credit rating - the concept and objective of credit rating‚ various credit ratings agencies in India and International credit rating agencies‚ factors affecting credit rating & procedural aspects. Unit - III Leasing - concept and development of leasing‚ business‚ difference between leasing & hire purchase‚ types of leasing business
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International Banking and Finance Securitization and its Role in Creating Toxic Assets June 2014 Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages‚ commercial mortgages‚ auto loans or credit card debt obligations and selling said consolidated debt as bonds‚ pass-through securities‚ or collateralized mortgage obligation (CMOs)‚ to various investors. The principal and interest on the debt‚ underlying the security‚ is paid back to the various
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current and future situation of the company‚ trying to find the correct credit rating to use that will increase income. With the new credit rating‚ I will be able to recommend a certain amount of debt for the company to take on and be profitable. Facts and Assumptions When trying to accurately calculate the cost of capital‚ the one main method stands out the most. I had to calculate the WACC of the firm for the various credit ratings. In order to accurately calculate this‚ I had to incorporate the repurchase
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as a coupon but zero-coupon bonds (which do not pay interest but‚ like most commercial papers‚ are sold at a discount to par) also exists. Bonds and CP:s are generally issued by companies with high credit rating. However‚ companies with lower credit ratings can back their CP with a letter of credit (in return for a fee‚ a bank guarantee the paper should the company default). They are thus considered low-risk‚ despite being unsecured. Furthermore are creditors (bond and CP holders) the first to receive
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between 5 and 8 and * its EBITDA / Total Debt around 30-35% Although not quite as conservative as other UK firms (with Equity/Assets ratios of 42%)‚ it was successful in achieving these goals and retaining a credit rating of A+ (a rough average of Guinness’ AA and Grand Met’s A ratings) by re-levering the firm via * issuance of debt to repurchase and retire shares in fiscal years 1998 and then again in 1999 * and ensuring that cost of capital was managed down at each country level in
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Week Six News Article Summaries Trisha Eisele‚ Sharelle Fleming‚ Pauline Paul‚ Julie Pollock‚ Joshua Sawdey QRB/501 September 16‚ 2013 Kumer Das Week Six News Article Summaries Post Lehman Brothers Stock Market Crash Discussion In 2006‚ Brothers David and Tom Gardner started a community database to help consumers choose stocks. Developing the concept of longer-term investments over extended periods‚ versus the forecast method based on timing and risk. Motley Fool‚ the name
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of debt. * On the other hand‚ it could also be an indication of not being able to identify or take advantage of new growth opportunities. 4. Factors important to credit and bondholders in analyzing UST? What credit rating would you assign to for a moderate addition of debt? Factors that may be important to credit and bondholders are * Brand name and market position - Superior * Ability to generate cash flows - Superior * Cyclicality of revenues - Superior *
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