collapse of the housing market coupled with overextension of subprime mortgage loans. While the going was good, the power of greed showed its true colors. Many loan originators knew they were extending credit to homeowners that would be unable to repay their debts, however, they continued extending credit lines because incentives were high and bonuses were huge. The subprime loan market thus became a fast growing segment. Major (American and European) investment banks and institutions heavily invested
Words: 739 - Pages: 3
Issues of Financial Reporting Case Study Air Canada: Bond Ratings and Off-Balance Sheet Operating Leases Prepared by: Sidra Manzoor Wajeeha Masood Sidra Waseem Nuzhat Gul BBA-MBA-8 Faculty of Management Sciences International Islamic University, Islamabad. Prepared for: Ma’am Najam-us-Saher Faculty of Management Sciences International Islamic University, Islamabad. CASE STUDY Air Canada: Bond Ratings And Off-Balance Sheet Operating Leases Question #1 How should the operating
Words: 922 - Pages: 4
Summer Internship Project Report On Evaluation of Small & Medium Enterprises (SME) Business Presented to Mr.Deepak Pothan (Vice President – Institutional Banking Group, Development Bank of Singapore (DBS), Bangalore) Presented by Aditya Shetty Roll No. 258 MBA-Core Div C NMIMS 03-June-2011 Preface This project report has been prepared as part of the Summer Internship Program of the MBA-Core course curriculum at Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. This
Words: 11564 - Pages: 47
mortgages. Its outstanding loan portfolio covers well over a million dwelling units. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, a strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian environment. • BUSINESS FOCUS HDFC Bank's mission
Words: 6845 - Pages: 28
crisis was caused by an unforeseen interaction between capital requirements for banks and the use of Mark to Market accounting methods. They further contend that there was a “master regulatory mistake that precipitated the crisis: using the bond ratings produced by Moody’s, S&P, and Fitch as the determinant of the capital levels required of banks by law” (Friedman 148). The book contains four chapters; the first is devoted to the refutation of several prevailing theories as to the cause of the
Words: 2722 - Pages: 11
institutions engaged in long-term lending). * To focus your study, please ensure that you have covered at least the following issues and material: * Short-term debt, medium to long-term debt. Please explore in detail the sections on Trade Credit in the lecture notes, as well as leasing, bond pricing, P-notes, Bank Accepted
Words: 1216 - Pages: 5
OPERATION of the FIRST RATING AGENCY in UGANDA by XYZ RATING AGENCY AND CONSULTANCY | A. | TABLE OF CONTENTS | | | | | | S/NO. | | DESCRIPTION | PAGE | | | | | 1.0 | | BUSINESS PROFILE | 2 | | 1.1 | Business Concept | 2 | | 1.2 | The Company | 3 | | 1.3 | Mission | 4 | | 1.4 | Keys to Success | 4 | | 1.5 | Rationale | 4 | | 1.6 | Position for Growth | 5 | | | | | 2.0 | | SERVICE DESCRIPTION | 7 | | 2.1 | Company Performance Rating Services | 7 | | 2.2
Words: 7281 - Pages: 30
still an ongoing crisis that had hit the Western countries directly causing massive layoffs. Indeed, many people have predicted such crisis would require a substantial amount of time for it to subdue. However, we do not know just how bad the current credit crisis will get. Therefore, this study attempts to rectify the whole scenario in the literature. This research aims to analyze the causes, implications and impact of this global financial crisis towards the world economy and through this information
Words: 3934 - Pages: 16
In this week’s lecture, we looked at the credit risk management. Credit risk is defined as the potential for loss due to a counterparty failing to meet its financial obligations in accordance with agreed terms. The sources of credit risk for the bank are summarized as direct lending, traditional off-balance sheet business, investment and capital market operations, etc. For the commercial banks the major risk is the credit risk which accounted by 50%-60% of total risk, far more compared to market
Words: 285 - Pages: 2
Financial Definition of Project Financing Meaning of Project Financing ✓ This is a form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. ✓ A mode of financing the project where the repayment is based on the cash flows after the completion of the project and the fixed assets involved in the project are kept as collateral. ✓ It is a way to raise nonrecourse financing for a specific project characterized by the following: (1) The project
Words: 1819 - Pages: 8
