Asset Backed Security (ABS) An asset-backed security is a financial security backed by a loan‚ lease or receivables against assets other than real estate and mortgage-backed securities. For investors‚ asset-backed securities are an alternative to investing in corporate debt. An ABS is essentially the same thing as a mortgage-backed security‚ except that the securities backing it are assets such as loans‚ leases‚ credit card debt‚ a company’s receivables‚ royalties and so on‚ and not mortgage-based
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timing of defaults of the collateral securities. A market-value CDO is one in which the CDO tranches receive payments based essentially on the mark-to-market returns of the collateral pool‚ as determined in large part by the trading performance of the CDO manager. The trustee of the CDO is responsible for monitoring the contractual provisions of the CDO. Tranches are categorized as senior‚ mezzanine‚ and subordinated/equity‚ according to their degree of credit risk. If there are defaults or the
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CIDB Contract Form PAM Form PWD Form 1. Nominated Sub-Contractors a) A Nominated Sub-Contractor means a person or specialist contractor with the Contract to be employed by the Contractor for the execution of work or supply of goods materials or services for which a Prime Cost has been inserted in the Contract. a) The following provisions shall apply where P.C Sums are included in the Contract Bills or the results of given in regard to the expenditure of Provisional Sums in respect of a Person
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3/9/2015 Topic Transcript Introducing BIOS Learning Objective After completing this topic‚ you should be able to distinguish between the functions of the BIOS chip and the CMOS chip 1. BIOS and CMOS chips All hardware requires software to run. This software communicates the characteristics of the hardware‚ such as its unique features‚ memory location‚ and input/output settings‚ to enable communication between the motherboard and CPU‚ hard disk drives‚ optical drives‚ keyboards‚ and other peripherals
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time‚ banks ’ stock market capitalization was cut in half. This of course set off a chain of events that rippled through the financial realm. Financial Institutions were now realizing losses because of the defaults on mortgages which then when they tried to make claims on their credit default swaps (CDS) there was not enough liquidity by firms such as AIG to pay these claims. This of course led to the bailouts‚ however we will get to that shortly. All of these events are what has led to what analysts
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Lesson 4 1. By default‚ Windows 7 standard users are permitted to install Plug and Play devices only if their drivers are Digitally Signed. 2. The debilitating condition in which files are stored as clusters scattered all over a disk is called Fragmentation. 3. The file system included in Windows 7 that is specifically designed for use on flash drives is called exFAT32. 4. Technically speaking‚ you create partitions on basic disks and volumes on dynamic disks. 5. In Windows 7‚ the
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up as a security by the borrower which can be sold or repossessed in the event of a default. A chattel mortgage works in the same manner; except a chattel is personal property.There needs to be some form of security in order for Gabrielle to minimize the risk of the loan. The purpose of the collateral loan would be to reduce the risk for Busy Bee‚ since they would be able to get something of value in case a default occurred. In this case‚ Simon could offer any collateral of his choice including his
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What configuration command causes a start-accounting record for a point to point session to be sent to a TACACS+ server? Student Answer: aaa accounting ppp start tacacs+ aaa accounting exec default tacacs+ aaa accounting network default stop-only tacacs+ aaa accounting network default start-stop tacacs+ Instructor Explanation: The accounting choices are stop-only‚ start-stop and none Points Received: 6 of 6 Comments: 3. Question : (TCO 5) Which AAA server protocol
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Economic Thought Alex TodorokiHOUSING MARKET EPIC FAIL 2008 Credit crises - Global cluster F&^# involving: Sub prime mortgages‚ collateralized debt obligations‚ frozen credit markets‚ credit default swaps. Focus point - Housing Market Who is affected – Everyone Housing credit crises two parties – homeowners and investors. Homeowners are of course tied to mortgages (getting screwed)‚ and investors are tied to... Well‚ ruining everything! Capital gain includes: Pension funds‚ Insurance
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Case 3 – New Century Financial Corporation 1. Describe and evaluate New Century’s business model? New Century Financial Corporation‚ headed by founders Brad Morrice‚ Edward Gotschall‚ and Robert‚ was a firm which specialized in subprime mortgages. The company originated‚ sold‚ and serviced subprime home mortgage loans. New Century was structured as a real estate investment trust (REIT) and was composed of two operating divisions. The Wholesale Loan Division‚ known as New Century
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