Chase-Disney Hong Kong Syndication Q1. How should Chase have bid in the first round competition to lead the HK$3.3 billion Disneyland financing? Why Chase initially intended to bid-to-lose? 1. The syndication term is long-term‚ 25 years tenor which banks did not like‚ and not as per the norm of the region’s syndications’ usual tenor of 3-5 years. 2. Disney land Paris struggles were still fresh in memory‚ and raised the default risk concerns for sponsors 3. 3 lead arrangers condition by the sponsor
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15th July 1945 (3 weeks before the deployment of Little Boy) As one of the Soviet’s top nuclear engineers and a forefront member of the Red army‚ Boris was well aware of the risks associated with operation ‘Atomnya’. Infiltrating the Manhattan Project wasn’t going to be easy‚ and the American’s had already captured the likes of Pavlovich Vostok- another of the Soviet’s most prominent engineers. While he was rarely allowed outside the confines of Los Alamos‚ Boris had spent a few months before
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MF 820: Management of Financial Institutions Hong Kong Disneyland Finance Ron Shell Jiang Jiang Zhaojie Wang On August 10th 1999‚ Disney awarded the sole mandate to Chase Manhattan Bank for the Hong Kong Disneyland financing of HK $3.3 Billion. We believe this decision was beneficial for both parties. For Chase‚ the rewards included underwriting fee‚ interest payments‚ being a part of a big loan-financing project in Asia and developing networks and relationships with Asian governments
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Select one of the decision theory model 6. Apply the model and make decision a. Decision-Making under certainty In Decision-Making under certainty‚ decision makers know with certainty the consequences of every alternatives and decision choice. Ex. Bank saving account‚ time deposit‚ government treasury bills b. Decision-Making under risk In Decision-Making under risk‚ there are several possible outcomes for each alternatives‚ and the decision maker knows the probability of occurrence of each outcome
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Linear Programming Model in Operation Research study is usually mathematical type of model which contains set of equations that represent objective function and constraints. The keywords in this article are Objective Function and Constraints‚ according to Heizer & Render (2008) Objective Function are mathematical expression expressed in linear programming designed to maximizes or minimizes some quantity‚ for example profit can maximized while the cost might be reduced. The objective function is also
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Hong Kong Disneyland finance team met separately with Chase and 16 other banks in Hong Kong for the HKD3.3 billion financing during May 2000. In the first round competition‚ because the deal had a long tenor which banks don’t like besides the previous problems at Disneyland Paris‚ Chase decided to bid to lose in the first round competition. As local banks like Bank of China and HSBC were likely to bid aggressively‚ they also chose to bid aggressively enough to make the short list to protect their
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benefit both competition and consumers by allowing firms operate more efficiently. However‚ it has to be noted that some mergers and acquisitions have the capacity to decrease competition in various ways. The merger between JP Morgan Chase and Bank One presented JP Morgan Chase with the opportunity to expand its perspective through providing the firm with access to retail banking markets and clientele in the regions where its previous exposure had been virtually inexistent. The merger gave the firm that
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Linear Programming is a mathematical technique useful for allocation of scarce or limited resources to several competing activities on the basis of given criterion of optimality.The usefulness of linear programming as a tool for optimal decision-making on resource allocation‚ is based on its applicability to many diversified decision problems. The effective use and application requires‚ as on its applicability to many diversified decision problems. The effective use and application requires‚ as a
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This study is on Mergers and acquisition as a means of improved business performance and customer satisfaction. The Case study of this research is Access Bank Plc. Chapter one of this study is preliminary. It provides a contextual of the study and reviews the statement of the problem. The chapter provides the specific objectives of the study. It raises the major research question that provides the basis for formulating the hypotheses that are tested later in the study. The significance of the study
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In the narrative “The Chase‚” Annie Dillard describes an exciting encounter that brought her great delight in which she will hardly experience again. She uses a series of figurative languages and selection of details to incorporate her tone into the story and portray the passions of but not limited to children. The story starts off with descriptions of the game football and proceeds to her encounter with a stranger while playing with her friends. As a result of throwing snowballs at his car window
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