Thursday, February 27, 2020

Securitization Assignment Example | Topics and Well Written Essays - 750 words

Securitization - Assignment Example Banks, intermediaries and other financial institutions are not in a position to cope with the situation. So there is a window of opportunity in mortgage funding (Comptroller, 1997, p 02). In order to attract investors, bankers initially develop the investment vehicle that isolated defined mortgage pools, segmented the credit risk, and structured the cash flows from the underlying loans. Although it took several years to develop an efficient mortgage structure. In the early 1980s, the current shape of securitization was introduced into capital markets in which payments were pooled and used as collateral for securities issues. U.S government played a very pivotal role by creating agencies whose work is to ensure the securities, payment and interest (Comptroller, 1997, p 02). In the late 1980s, companies such as Citibank, General Motors Acceptance Corporation, Marine Midland Bank, Chrysler Corporation, and Ford Motor Company entered into the securitization market and raise billions of d ollars through off-balance-sheet financing and in years to come, new issuance of consumer asset-backed securities averaged about $50 billion annually. Securitization works in manner that seller provides goods or services to its valued customer in manner that payment is to be received in later days so he/she creates an asset then this pool of asset is sold to SPV (issuer) in order to acquire the particular asset and issuing a debt instrument to investor. Now this debt instrument is traded in secondary market in order to attract different rating agencies (Comptroller, 1997, p 06). This approach is quite fruitful for the seller because highly-rated debt instruments attract the finest prices. In addition, the credit rating of the debt instrument is very much dependent on the quality of assets that are securitized with in the pool. Investment banker provides protection, if there

Tuesday, February 11, 2020

How Facilities and Resources in UK University Libraries Assist Essay

How Facilities and Resources in UK University Libraries Assist Students in Their Course of Work - Essay Example As the report declares there is a great deal of demand on students to be well armed with knowledge and relevant material for their course work and this relatively depends to the sources of material that they have access to. That is why libraries are of great importance to university students in the pursuit of academic excellence. The libraries stock all kinds of information through a wide variety of subjects. This assists university students in getting references for their various courses and it is compulsory for them to use these materials to understand the complexities of their curricula. Libraries have evolved with age and time in terms of their ways of preserving information. Initially, there were only books and other written material in the libraries but today, virtual libraries have emerged owing to the widespread use of internet in this digital age. This essay stresses that despite this transition in libraries, there are still misgivings on the capability of libraries to assist university students in their course work. The facilities and resources available in the libraries are the greatest concerns as far as the relevance of these libraries to the students is concerned. This is largely in connection to the rise in number of students pursuing university education and the effect of the internet as a key resource of preserving information. Digitizing of libraries has had a major impact in terms of financing for expansion so as to accommodate the computers for accessing information on the net.