Structured finance
Tìm hiểu về nhóm tài sản tài chính cấu trúc, tài chính phân lớp Structured Finance
... (swap tài sản swap lãi) - Các cấu trúc đa tài sản chứng khoán hóa cấu trúc tài trợ dự án cấu thành từ nhiều loại tài sản rủi ro khác - Các CDO tiền mặt mô - Các giao dịch thuê mua tài phức tạp - Tài ... Journal of Structure Finance, Fall 2005, thu nhận ý kiến 23 chuyên gia định nghĩa tài phân lớp Theo nghiên cứu này, ngày nay, giới kinh doanh xem tài phân lớp tài sản có cấu trúc nhóm khái niệm rộng ... phiếu kèm thêm quyền đặc dụng, thuê mua tài sản nợ, tài trợ dự án, loạt giao dịch tài phức hợp khác nữa Tài cấu trúc nhìn từ góc rộng bao gồm sản phẩm tài chính: - Chứng khoán hóa - Chứng khoán...
- 4
- 1,831
- 2
The Economics of Structured Finance ppt
... measured by the likelihood of default and the magnitude of loss incurred in the event of a default – to satisfy the guidelines set forth by the credit rating agencies Structured finance allows ... basis of the expected economic loss – the product of the likelihood of observing a default and the severity of the loss conditional on default As such, a credit rating can intuitively be thought of ... at zero The figure displays the expected payoff as a function of the default correlation, normalized by the expected payoff under the baseline calibration These values can be thought of as illustrating...
- 37
- 356
- 1
structured finance
... realizing a transaction following structured finance logic 1.2 Typical features of structured finance transactions Using the logic behind arranging financing on a structured basis, a transaction ... positions), structured finance transactions share many basic principles with medium to long term lending In fact, in the past national banks have been participants in project finance, acquisition finance, ... Features of Structured Finance Operations Stefano Caselli and Stefano Gatti 1.1 Introduction This chapter gives a brief introduction to the characteristics that various structured finance transactions...
- 215
- 155
- 0
Modeling Structured Finance Cash Flows with Microsoft Excel pot
... Modeling Structured Finance Cash Flows with Microsoft Excel A Step-by-Step Guide KEITH A ALLMAN John Wiley & Sons, Inc Modeling Structured Finance Cash Flows with Microsoft Excel ... 18 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL FIGURE 1.6 The completed dates and timing section on the Cash Flow sheet Finally, copy this formula down to the final period See Excel ... to generate results 4 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL Basic global inputs such as dates and timing Common asset inputs that cause and affect cash flow generation Common...
- 221
- 943
- 1
modeling structured finance cash flows with microsoft excel a step by step guide phần 1 pdf
... 90 91 91 91 94 95 10 0 10 0 10 5 10 7 10 7 10 8 11 3 11 4 11 7 11 7 11 8 12 2 12 3 12 3 12 5 12 5 12 5 viii CONTENTS Model Builder 8 .1: Cash In versus Cash Out Test Balances at Maturity Model Builder 8.2: Balances ... Automating Print Procedures Model Builder 10 .2: Automating Goal Seek to Optimize Advance Rates 12 6 12 8 12 8 12 9 12 9 13 0 13 0 13 0 13 2 13 3 13 3 13 3 13 4 13 5 13 6 14 0 14 0 14 0 14 1 14 2 14 5 14 5 14 7 15 0 15 1 15 2 ... Modeling Structured Finance Cash Flows with Microsoft Excel A Step- by -Step Guide KEITH A ALLMAN John Wiley & Sons, Inc Modeling Structured Finance Cash Flows with Microsoft Excel...
- 23
- 321
- 1
modeling structured finance cash flows with microsoft excel a step by step guide phần 2 docx
... CASH FLOWS WITH MICROSOFT EXCEL FIGURE 1.8 An example of a data validation list FIGURE 1.9 Create a data validation list in the Data Validation dialogue box 21 Dates and Timing having the label ... in a definitive pool or they can revolve A definitive pool means that the assets that the transaction 23 24 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL starts with are the only assets ... format a cell with the correct data format Many cells have different data formats such as dates, numerical values, text, and the like If a number is appearing instead of a date, it could mean that...
- 22
- 327
- 1
modeling structured finance cash flows with microsoft excel a step by step guide phần 3 pdf
... deals are modeled with a fixed rate, there are a number of deals that have floating rate assets, which are more complex to model correctly A floating rate asset can have a number of additional attributes ... prepayment data is tracked Often times this data is part of a larger analysis and may require manipulation to bring into a usable format BUILDING PREPAYMENT CURVES With suitable prepayment data ... that dictate what assets can be added to a revolving structure and are essential to modeling such a transaction Typically transactions with revolving assets are modeled assuming the pool of assets...
- 22
- 594
- 0
modeling structured finance cash flows with microsoft excel a step by step guide phần 4 potx
... Amort Factor P4: Prepay Rate Q4: Voluntary Prepay R4: Actual Amort S4: Interest Rate T4: Actual Interest U4: Principal Recovery V4: Ending Balance Many of these columns are placeholders for chapters ... apparent in dynamic portfolio data because of the constantly changing mix in new and aged receivables Additionally, data based on annual losses can understate 66 MODELING STRUCTURED FINANCE CASH ... decrease as shown in Figure 3 .4 Next label AD6 WA SMM Curve This is where the weighted averages (WA) are calculated Any weighted average of A data is the sum of the products of A data and B data...
- 22
- 661
- 0
modeling structured finance cash flows with microsoft excel a step by step guide phần 5 pot
... Z5:AD5 Label these cells Default Rate 1, Default Rate 2, and so on Make sure to leave Y5 and AE5 blank for spacing purposes Move on to cell AF5 and label that cell SDA 50 %, AG5 SDA 100%, and AH5 ... 83 84 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL and was classified as a default in August 20 05 The balance of the loan at that time was $1 ,58 0 At this point, from a transaction ... FLOWS WITH MICROSOFT EXCEL Scheduled Principal, Prepaid Principal, Interest, and Recoveries are real cash flows in each month and are what are available to the waterfall of liabilities An important...
- 22
- 336
- 0
modeling structured finance cash flows with microsoft excel a step by step guide phần 6 pot
... solve that problem In cell AO7 enter: = AM7−AN7 Copy and paste this formula over the range AO7:AO 366 94 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL 10 Finally, to keep the cash ‘‘moving,’’ ... amortization state The reason this is useful is that as a transaction progresses under a normal state, 110 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL cash is typically released ... the balance referenced is always one row back because that balance is an end of period balance Always make sure that the balance an interest rate is being applied to is either the end balance...
- 22
- 392
- 1
modeling structured finance cash flows with microsoft excel a step by step guide phần 7 docx
... the transaction Enter the following formula in cell CK7: = AI7+AN7+AT7+AV7+BA7+BC7+BJ7+BP7+BU7 +BY7 +BZ7 The formula is self-explanatory for simple liabilities such as fees paid (cell AN7), but ... the swap calculations Enter the following labels: AE4: Notional Swap Schedule AF4: Swap Rate In AG4: Swap Flow In AH4: Swap Rate Out AI4 Swap Flow Out AJ4: Swap Earn/Pay AK4: Cash Available FIGURE ... = IF(OR(Z7, AB7,AC7),MIN(AX7,AX7+BH7−AV7,CB6), IF(LiabPrinType1="Sequential",MIN((N7+Q7+R7),CB6), MIN((N7+Q7+R7)*LiabAdvRate1,CB6))) What this slight change does is require the cash reserve to...
- 22
- 281
- 0
modeling structured finance cash flows with microsoft excel a step by step guide phần 8 ppt
... assets balance is outstanding 1 38 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL This formula adds up any amount that reduces the asset balance: defaults, scheduled principal, and voluntary ... 146 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL FIGURE 9.1 In structured transactions cash is typically created and used in a standard order Loss is protected against in a number ... scenario assumes a pro rata pay scenario where the senior debt receives a pro rata share of the asset principal This is less advantageous than a sequential pay scenario, because in such a scenario...
- 22
- 342
- 1
modeling structured finance cash flows with microsoft excel a step by step guide phần 9 docx
... "Optimize Advance Rate " Application.ScreenUpdating = False Const DebtBal As String = "FinalLoanBal" Const AdvRate1 As String = "LiabAdvRate1" Dim UnpaidLoan As Range Dim AdvanceRate As Range Range(AdvRate1) ... 176 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL securities A bank selling a transaction into the capital markets is also concerned with loss because no bank wants to have its name ... Range(AdvRate1) as Range(‘‘LiabAdvRate1’’), which is how Excel ranges are referenced in VBA Recall that LiabAdvRate1 is the named range for the advance rate in Project Model Builder Values can...
- 22
- 290
- 1
modeling structured finance cash flows with microsoft excel a step by step guide phần 10 pptx
... VBA, see Visual Basic Applications (VBA) Automobile Lease Guide (ALG), 88 Automobile loans/leases, 1, 84 Back-loaded loss curves, 69, 152 Balance calculations, loss curves and, 74 Balances at ... Goal Seek Add-Ins The Analysis ToolPak and the Analysis ToolPak—VBA are Excel add-ins that provide Excel with more functionality such as the EDATE function used in this book To access Excel add-ins ... validation list the active cell Click the Data tab and then click Data Validation in the Data Tools group See Figure A. 2 Using This Book with Excel 2007 181 FIGURE A. 2 Location of Data Validation...
- 22
- 259
- 1
Từ khóa: f ailure to differentiate ratings for structured finance would repeat pastthe role of structured financegeorges dionne 2009 structured finance risk management and the recent financial crisismagnetar apos s structured finance arbitrage tradecredit ratings and structured finance⠀㌀ structured finance productsstructured project amp public finance obligations long term rating scalesfinance and accountingprinciples of managerial financenews analytics in financecorporate finance demystified 2e3d structured mesh generationenglish for banking finance is part of the pearson longman vocational english series it is designed for students in vocational education and for company employees in training at work wrotten by industry pracitionersfat tails in financethe basics of financeBáo cáo quy trình mua hàng CT CP Công Nghệ NPVchuyên đề điện xoay chiều theo dạngNghiên cứu tổ hợp chất chỉ điểm sinh học vWF, VCAM 1, MCP 1, d dimer trong chẩn đoán và tiên lượng nhồi máu não cấpNghiên cứu vật liệu biến hóa (metamaterials) hấp thụ sóng điện tử ở vùng tần số THzBiện pháp quản lý hoạt động dạy hát xoan trong trường trung học cơ sở huyện lâm thao, phú thọNGHIÊN CỨU CÔNG NGHỆ KẾT NỐI VÔ TUYẾN CỰ LY XA, CÔNG SUẤT THẤP LPWAN SLIDEQuản lý hoạt động học tập của học sinh theo hướng phát triển kỹ năng học tập hợp tác tại các trường phổ thông dân tộc bán trú huyện ba chẽ, tỉnh quảng ninhPhát triển mạng lưới kinh doanh nước sạch tại công ty TNHH một thành viên kinh doanh nước sạch quảng ninhTrả hồ sơ điều tra bổ sung đối với các tội xâm phạm sở hữu có tính chất chiếm đoạt theo pháp luật Tố tụng hình sự Việt Nam từ thực tiễn thành phố Hồ Chí Minh (Luận văn thạc sĩ)Phát triển du lịch bền vững trên cơ sở bảo vệ môi trường tự nhiên vịnh hạ longNghiên cứu tổng hợp các oxit hỗn hợp kích thƣớc nanomet ce 0 75 zr0 25o2 , ce 0 5 zr0 5o2 và khảo sát hoạt tính quang xúc tác của chúngĐịnh tội danh từ thực tiễn huyện Cần Giuộc, tỉnh Long An (Luận văn thạc sĩ)Thiết kế và chế tạo mô hình biến tần (inverter) cho máy điều hòa không khíSở hữu ruộng đất và kinh tế nông nghiệp châu ôn (lạng sơn) nửa đầu thế kỷ XIXGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtTrách nhiệm của người sử dụng lao động đối với lao động nữ theo pháp luật lao động Việt Nam từ thực tiễn các khu công nghiệp tại thành phố Hồ Chí Minh (Luận văn thạc sĩ)Đổi mới quản lý tài chính trong hoạt động khoa học xã hội trường hợp viện hàn lâm khoa học xã hội việt namTÁI CHẾ NHỰA VÀ QUẢN LÝ CHẤT THẢI Ở HOA KỲQUẢN LÝ VÀ TÁI CHẾ NHỰA Ở HOA KỲ