Author: Ralf Werner
Publisher: Springer Science & Business Media
ISBN: 3319025538
Category : Business & Economics
Languages : en
Pages : 89
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Book Description
The Pfandbrief, a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. With a history that goes back to the 18th century and a high market share in today’s covered bond markets, the German Pfandbrief is the most established covered bond. Until today, no single Pfandbrief has ever defaulted. Even though Pfandbriefe have survived the financial crisis comparably unharmed, investors have become more sensitive regarding the creditworthiness of the corresponding issuer and sovereign, the strength of the legal (or contractual) framework and the quality of the cover pool serving as collateral. This monograph provides a structured in-depth analysis of the legal framework and the risks inherent in a Pfandbrief, taking into consideration recent market developments. Starting from the legal framework, the German Pfandbrief is introduced without requiring prior knowledge. Covered bond related risks are explained in detail and their relevance to the Pfandbrief is thoroughly discussed with focus on the two most common Pfandbrief types, mortgage and public Pfandbriefe. In addition to that, the monograph comes with an extensive collection of Pfandbrief-related literature and a glossary explaining the main technical terms.
Author: American Chamber of Commerce in Germany
Publisher:
ISBN:
Category : Germany
Languages : en
Pages : 388
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Book Description
Author:
Publisher: PediaPress
ISBN:
Category :
Languages : en
Pages : 1295
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Book Description
Author: Vinod Kothari
Publisher: John Wiley & Sons
ISBN: 0470821957
Category : Business & Economics
Languages : en
Pages : 1025
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Book Description
Get a thorough explanation of the nuances of securitization in the global business market with this comprehensive resource. Synthetic securitization and structured products are revolutionizing the financial industry and changing the way banks, institutional investors, and securities traders do business both domestically and globally. Written by a top international trainer and expert on securitization, this book is an ideal way for all market practitioners, whether investors, bankers, or analysts, to ensure they understand the ins and outs of this practice.
Author: Ronald Scheinberg
Publisher: Routledge
ISBN: 1351364219
Category : Business & Economics
Languages : en
Pages : 542
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Book Description
The book offers a comprehensive overview of the multifaceted matters that arise in the process of financing commercial aircraft. It reviews the different topics on a high-level basis, and then explains the terminology used for each particular area of specialization.
Author: Tobias Just
Publisher: Springer Science & Business Media
ISBN: 3642236111
Category : Business & Economics
Languages : en
Pages : 409
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Book Description
Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the economic crisis, many questions arise for investors and academics alike. What are the key institutional characteristics of the German real estate markets that make it different? What are the short and long-term drivers of demand and supply? Which regional and functional market segments are most likely to outperform in the next few years? What are the most important pitfalls for investors in Germany? This book gives answers to these and many more questions. The editors have invited a broad range of extensively knowledgeable practitioners and academics from across the relevant real estate spectrum, i.e. economic, legal, tax, planning and financing issues, to express their views. There is no better English publication that gives such a profound and simultaneously entertaining overview of Germany’s real estate markets.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455298751
Category : Business & Economics
Languages : en
Pages : 55
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Book Description
In this study, the stability of Germany’s financial sector after the global crisis is discussed. The stability issues are explained in terms of financial system vulnerability and the banking system. Financial soundness indicators (FSIs) prove the stability of the banking system. A stress test was conducted with the Bundesbank. The insurance sector also had a moderate effect owing to the global crisis. Reconsideration of principles and practices of financial sector regulation and supervision is owed to the financial crisis. Supervisory architecture, macro- and microprudential policies, and crisis management are also analyzed.
Author: Frank J. Fabozzi
Publisher: John Wiley & Sons
ISBN: 0471649511
Category : Business & Economics
Languages : en
Pages : 1026
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Book Description
A well-rounded guide for those interested in European financial markets With the advent of the euro and formation of the European Union, financial markets on this continent are slowly beginning to gain momentum. Individuals searching for information on these markets have come up empty-until now. The Handbook of European Fixed Income Markets is the first book written on this burgeoning market. It contains extensive, in-depth coverage of every aspect of the current European fixed income markets and their derivatives. This comprehensive resource includes both a qualitative approach to products, conventions, and institutions as well as quantitative coverage of valuation and analysis of each instrument. The Handbook of European Fixed Income Markets introduces readers to developed markets such as the U.K., France, Germany, Italy, Spain, and Holland, as well as emerging markets in Eastern Europe. Government and corporate bond market instruments and institutions are also discussed. U.S.-based investors, researchers, and academics as well as students and financial professionals in other parts of the world will all turn to this book for complete and accurate information on European financial instruments and markets. Frank J. Fabozzi (New Hope, PA) is a financial consultant, the Editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management. Moorad Choudhry (Surrey, UK) is a Vice President with JPMorgan Chase structured finances services in London.
Author: Robert S. Uh
Publisher: Nova Publishers
ISBN: 9781594546228
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
Book & Computer Disk. This book examines international aspects of financial institutions as well as their economic performance and development. Emphasis is placed on transition economics as well as Developing Countries. Issues within the scope of this new book include: financial reporting, efficiency of financial institutions, Middle-East financial institutions, money market liquidity, economic performance, risk capital allocation, financial market soundness, instability, devaluations, capital flight and related issues, including governance.
Author: Stephen Satchell
Publisher: Springer
ISBN: 1137554177
Category : Science
Languages : en
Pages : 416
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Book Description
Over the last 20 years hedge funds and derivatives have fluctuated in reputational terms; they have been blamed for the global financial crisis and been praised for the provision of liquidity in troubled times. Both topics are rather under-researched due to a combination of data and secrecy issues. This book is a collection of papers celebrating 20 years of the Journal of Derivatives and Hedge Funds (JDHF). The 18 papers included in this volume represent a small sample of influential papers included during the life of the Journal, representing industry-orientated research in these areas. With a Preface from co-editor of the journal Stephen Satchell, the first part of the collection focuses on hedge funds and the second on markets, prices and products.
